Honeywell International (NASDAQ:HON) PT Lowered to $229.00 at Barclays

Honeywell International (NASDAQ:HON) had its price target dropped by investment analysts at Barclays from $232.00 to $229.00 in a research report issued on Friday, Benzinga reports. The brokerage currently has an “overweight” rating on the conglomerate’s stock. Barclays‘s target price would suggest a potential upside of 10.20% from the company’s current price.

A number of other research firms have also issued reports on HON. JPMorgan Chase & Co. reduced their target price on shares of Honeywell International from $235.00 to $233.00 and set a “neutral” rating on the stock in a report on Friday. Robert W. Baird lowered Honeywell International from an “outperform” rating to a “neutral” rating and decreased their target price for the company from $223.00 to $217.00 in a report on Friday. Wells Fargo & Company upped their price target on Honeywell International from $207.00 to $215.00 and gave the stock an “equal weight” rating in a report on Friday. StockNews.com cut Honeywell International from a “buy” rating to a “hold” rating in a research note on Friday, August 30th. Finally, Morgan Stanley began coverage on shares of Honeywell International in a research note on Friday, September 6th. They set an “equal weight” rating and a $210.00 target price on the stock. Nine analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $223.73.

Honeywell International Trading Down 0.6 %

Honeywell International stock traded down $1.30 during trading on Friday, hitting $207.80. The company had a trading volume of 2,265,193 shares, compared to its average volume of 2,890,349. The company has a current ratio of 1.21, a quick ratio of 0.91 and a debt-to-equity ratio of 1.19. The company’s 50 day simple moving average is $207.20 and its 200-day simple moving average is $205.32. Honeywell International has a 1-year low of $174.88 and a 1-year high of $222.98. The stock has a market cap of $135.32 billion, a price-to-earnings ratio of 24.07, a price-to-earnings-growth ratio of 2.45 and a beta of 1.03.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings data on Thursday, October 24th. The conglomerate reported $2.58 earnings per share for the quarter, beating analysts’ consensus estimates of $2.50 by $0.08. The business had revenue of $9.73 billion during the quarter, compared to analysts’ expectations of $9.90 billion. Honeywell International had a return on equity of 36.87% and a net margin of 15.49%. As a group, analysts expect that Honeywell International will post 10.1 EPS for the current fiscal year.

Institutional Investors Weigh In On Honeywell International

A number of institutional investors and hedge funds have recently bought and sold shares of HON. Price T Rowe Associates Inc. MD increased its position in Honeywell International by 22.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 9,587,718 shares of the conglomerate’s stock worth $1,967,880,000 after buying an additional 1,746,759 shares during the period. Ameriprise Financial Inc. raised its position in Honeywell International by 3.9% in the 2nd quarter. Ameriprise Financial Inc. now owns 8,365,840 shares of the conglomerate’s stock valued at $1,786,449,000 after purchasing an additional 310,807 shares during the last quarter. Legal & General Group Plc boosted its stake in Honeywell International by 0.9% during the 2nd quarter. Legal & General Group Plc now owns 4,910,551 shares of the conglomerate’s stock worth $1,048,600,000 after purchasing an additional 42,305 shares during the period. Capital Research Global Investors grew its position in Honeywell International by 6.7% during the 1st quarter. Capital Research Global Investors now owns 3,402,252 shares of the conglomerate’s stock worth $698,312,000 after purchasing an additional 212,327 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Honeywell International by 12.4% in the second quarter. Dimensional Fund Advisors LP now owns 2,950,562 shares of the conglomerate’s stock valued at $630,086,000 after buying an additional 325,272 shares during the last quarter. 75.91% of the stock is owned by hedge funds and other 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.