Royal Bank of Canada Lowers Honeywell International (NASDAQ:HON) Price Target to $213.00

Honeywell International (NASDAQ:HON) had its target price reduced by equities researchers at Royal Bank of Canada from $214.00 to $213.00 in a report released on Friday, Benzinga reports. The brokerage currently has a “sector perform” rating on the conglomerate’s stock. Royal Bank of Canada’s target price would indicate a potential upside of 2.40% from the stock’s previous close.

Several other brokerages have also weighed in on HON. Robert W. Baird lowered Honeywell International from an “outperform” rating to a “neutral” rating and cut their target price for the stock from $223.00 to $217.00 in a research report on Friday. Bank of America reaffirmed a “neutral” rating and issued a $230.00 target price (down from $250.00) on shares of Honeywell International in a research report on Thursday. StockNews.com cut shares of Honeywell International from a “buy” rating to a “hold” rating in a research report on Friday, August 30th. JPMorgan Chase & Co. decreased their price objective on shares of Honeywell International from $235.00 to $233.00 and set a “neutral” rating for the company in a research note on Friday. Finally, Wells Fargo & Company lifted their target price on Honeywell International from $207.00 to $215.00 and gave the stock an “equal weight” rating in a research report on Friday. Ten investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $223.73.

Honeywell International Stock Down 0.5 %

HON stock opened at $208.00 on Friday. The company’s 50 day moving average price is $207.39 and its 200 day moving average price is $205.44. The firm has a market capitalization of $135.45 billion, a price-to-earnings ratio of 24.10, a PEG ratio of 2.45 and a beta of 1.03. Honeywell International has a fifty-two week low of $174.88 and a fifty-two week high of $222.98. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.91 and a current ratio of 1.21.

Honeywell International (NASDAQ:HON) last announced 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 for the quarter, compared to analyst estimates of $9.90 billion. Honeywell International had a net margin of 15.49% and a return on equity of 36.87%. On average, equities research analysts anticipate that Honeywell International will post 10.1 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of HON. LGT Group Foundation acquired a new position in Honeywell International in the 1st quarter valued at $26,000. Richardson Capital Management LLC acquired a new position in shares of Honeywell International during the first quarter worth about $35,000. Financial Connections Group Inc. purchased a new position in Honeywell International during the second quarter worth about $38,000. Pathway Financial Advisers LLC acquired a new stake in Honeywell International in the first quarter valued at about $39,000. Finally, TruNorth Capital Management LLC purchased a new stake in Honeywell International in the 2nd quarter valued at approximately $43,000. 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.