Honeywell International Inc. (NASDAQ:HON) Receives $248.86 Average Target Price from Analysts

Shares of Honeywell International Inc. (NASDAQ:HON) have been given an average rating of “Moderate Buy” by the seventeen brokerages that are presently covering the company, MarketBeat reports. Nine investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $248.71.

A number of equities analysts have issued reports on the stock. Baird R W cut shares of Honeywell International from a “strong-buy” rating to a “hold” rating in a report on Friday, October 25th. Royal Bank of Canada cut their price target on Honeywell International from $253.00 to $236.00 and set a “sector perform” rating on the stock in a report on Friday, February 7th. Wolfe Research cut Honeywell International from an “outperform” rating to a “peer perform” rating in a research note on Monday, October 28th. Wells Fargo & Company lowered their price target on shares of Honeywell International from $240.00 to $220.00 and set an “equal weight” rating for the company in a research report on Friday, February 7th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Honeywell International from $233.00 to $231.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 15th.

Honeywell International Price Performance

Shares of NASDAQ HON opened at $205.01 on Friday. The business has a 50 day simple moving average of $223.69 and a 200-day simple moving average of $215.18. Honeywell International has a twelve month low of $189.75 and a twelve month high of $242.77. The company has a market capitalization of $133.31 billion, a price-to-earnings ratio of 23.54, a price-to-earnings-growth ratio of 2.55 and a beta of 1.05. The company has a current ratio of 1.31, a quick ratio of 1.12 and a debt-to-equity ratio of 1.33.

Honeywell International (NASDAQ:HON) last issued its earnings results on Thursday, February 6th. The conglomerate reported $2.47 earnings per share for the quarter, topping analysts’ consensus estimates of $2.37 by $0.10. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. As a group, equities research analysts expect that Honeywell International will post 10.3 earnings per share for the current year.

Insiders Place Their Bets

In other Honeywell International news, VP Anne T. Madden sold 28,885 shares of the company’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $207.89, for a total value of $6,004,902.65. Following the completion of the sale, the vice president now directly owns 41,580 shares of the company’s stock, valued at approximately $8,644,066.20. This represents a 40.99 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.41% of the stock is currently owned by insiders.

Institutional Trading of Honeywell International

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Baldwin Wealth Partners LLC MA grew its position in Honeywell International by 4.0% in the fourth quarter. Baldwin Wealth Partners LLC MA now owns 67,303 shares of the conglomerate’s stock worth $15,203,000 after buying an additional 2,611 shares during the last quarter. Costello Asset Management INC acquired a new position in shares of Honeywell International in the 4th quarter worth $3,092,000. RIA Advisory Group LLC acquired a new stake in shares of Honeywell International during the third quarter worth $6,124,000. Copley Financial Group Inc. purchased a new stake in shares of Honeywell International during the third quarter valued at $454,000. Finally, Sargent Investment Group LLC boosted its position in shares of Honeywell International by 268.6% in the 4th quarter. Sargent Investment Group LLC now owns 5,602 shares of the conglomerate’s stock valued at $1,227,000 after purchasing an additional 4,082 shares during the period. 75.91% of the stock is currently owned by institutional investors.

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.