Royal Bank of Canada Lowers Honeywell International (NASDAQ:HON) Price Target to $236.00

Honeywell International (NASDAQ:HON) had its target price lowered by equities research analysts at Royal Bank of Canada from $253.00 to $236.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has a “sector perform” rating on the conglomerate’s stock. Royal Bank of Canada’s price objective would suggest a potential upside of 14.44% from the company’s previous close.

Other equities analysts have also recently issued research reports about the company. Hsbc Global Res upgraded Honeywell International to a “strong-buy” rating in a report on Wednesday, December 11th. UBS Group reaffirmed a “buy” rating and set a $298.00 target price (up previously from $215.00) on shares of Honeywell International in a report on Wednesday, November 13th. Baird R W downgraded Honeywell International from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 25th. HSBC raised shares of Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 price objective on the stock in a report on Wednesday, December 11th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Honeywell International from a “hold” rating to a “buy” rating and lifted their target price for the company from $236.00 to $260.00 in a report on Friday. Ten investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $248.86.

Honeywell International Price Performance

Shares of HON traded down $3.60 during trading hours on Friday, reaching $206.22. The stock had a trading volume of 3,954,879 shares, compared to its average volume of 3,893,864. The stock has a market capitalization of $134.09 billion, a PE ratio of 23.82, a PEG ratio of 2.57 and a beta of 1.05. Honeywell International has a 12 month low of $189.75 and a 12 month high of $242.77. The company’s 50-day moving average is $225.07 and its two-hundred day moving average is $215.19. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.12 and a current ratio of 1.44.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings results on Thursday, February 6th. The conglomerate reported $2.47 EPS for the quarter, topping analysts’ consensus estimates of $2.37 by $0.10. Honeywell International had a return on equity of 37.77% and a net margin of 15.02%. Research analysts expect that Honeywell International will post 9.78 EPS for the current year.

Institutional Trading of Honeywell International

Hedge funds have recently added to or reduced their stakes in the company. Baldwin Wealth Partners LLC MA boosted its position in shares of Honeywell International by 4.0% in the 4th 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 in the last quarter. Costello Asset Management INC acquired a new stake in Honeywell International during the fourth quarter worth about $3,092,000. RIA Advisory Group LLC purchased a new stake in shares of Honeywell International during the 3rd quarter worth about $6,124,000. Copley Financial Group Inc. acquired a new position in Honeywell International during the third quarter valued at approximately $454,000. Finally, Sargent Investment Group LLC lifted its holdings in shares of Honeywell International by 268.6% during the 4th quarter. Sargent Investment Group LLC now owns 5,602 shares of the conglomerate’s stock valued at $1,227,000 after acquiring an additional 4,082 shares in the last quarter. Institutional investors and hedge funds 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.