BNP Paribas Upgrades Honeywell International (NASDAQ:HON) to Hold

Honeywell International (NASDAQ:HON) was upgraded by investment analysts at BNP Paribas to a “hold” rating in a report issued on Wednesday,Zacks.com reports.

HON has been the subject of a number of other research reports. Robert W. Baird decreased their price objective on shares of Honeywell International from $250.00 to $220.00 and set a “neutral” rating for the company in a report on Monday, October 13th. Citigroup boosted their price target on Honeywell International from $251.56 to $267.00 and gave the company a “buy” rating in a report on Tuesday, November 4th. HSBC decreased their target price on Honeywell International from $290.00 to $266.00 and set a “buy” rating for the company in a research report on Tuesday, November 11th. Argus cut their price target on Honeywell International from $250.00 to $225.00 in a research note on Friday, November 14th. Finally, Royal Bank Of Canada raised shares of Honeywell International from a “sector perform” rating to an “outperform” rating and upped their price objective for the stock from $235.00 to $253.00 in a research note on Monday, October 27th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $236.71.

Honeywell International Price Performance

HON opened at $192.23 on Wednesday. The business has a fifty day moving average of $201.37 and a 200 day moving average of $215.71. Honeywell International has a 52-week low of $169.21 and a 52-week high of $228.04. The company has a quick ratio of 1.04, a current ratio of 1.36 and a debt-to-equity ratio of 1.70. The stock has a market cap of $122.04 billion, a P/E ratio of 20.26, a PEG ratio of 2.63 and a beta of 0.96.

Honeywell International (NASDAQ:HON) last released its earnings results on Monday, December 11th. The conglomerate reported $2.25 earnings per share for the quarter. Honeywell International had a return on equity of 38.11% and a net margin of 15.07%.The business had revenue of $8.95 billion for the quarter. Honeywell International has set its Q4 2023 guidance at 2.530-2.630 EPS and its FY 2023 guidance at 9.100-9.200 EPS. As a group, sell-side analysts anticipate that Honeywell International will post 10.34 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of HON. Severin Investments LLC bought a new position in shares of Honeywell International during the 3rd quarter worth approximately $327,000. Swiss Life Asset Management Ltd boosted its stake in Honeywell International by 6.6% in the third quarter. Swiss Life Asset Management Ltd now owns 89,766 shares of the conglomerate’s stock valued at $18,896,000 after acquiring an additional 5,581 shares in the last quarter. Tevis Investment Management grew its holdings in Honeywell International by 5.9% in the third quarter. Tevis Investment Management now owns 7,736 shares of the conglomerate’s stock worth $1,628,000 after purchasing an additional 432 shares during the last quarter. Groupama Asset Managment increased its position in shares of Honeywell International by 10.9% during the third quarter. Groupama Asset Managment now owns 202,124 shares of the conglomerate’s stock worth $42,547,000 after purchasing an additional 19,829 shares in the last quarter. Finally, Cambria Investment Management L.P. purchased a new stake in shares of Honeywell International during the 3rd quarter valued at $327,000. Hedge funds and other institutional investors own 75.91% of the company’s stock.

About Honeywell International

Honeywell International Inc engages in the aerospace technologies, building automation, energy and sustainable solutions, and industrial automation businesses in the United States, Europe, and internationally. The company’s Aerospace segment offers auxiliary power units, propulsion engines, integrated avionics, environmental control and electric power systems, engine controls, flight safety, communications, navigation hardware, data and software applications, radar and surveillance systems, aircraft lighting, advanced systems and instruments, satellite and space components, and aircraft wheels and brakes; spare parts; repair, overhaul, and maintenance services; and thermal systems, as well as wireless connectivity services.