UBS Group Reiterates “Buy” Rating for Honeywell International (NASDAQ:HON)

Honeywell International (NASDAQ:HON)‘s stock had its “buy” rating reissued by equities researchers at UBS Group in a research note issued to investors on Wednesday, Marketbeat.com reports. They presently have a $298.00 price target on the conglomerate’s stock, up from their previous price target of $215.00. UBS Group’s target price points to a potential upside of 29.19% from the company’s previous close.

A number of other brokerages also recently weighed in on HON. JPMorgan Chase & Co. decreased their target price 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, October 25th. Bank of America reissued a “neutral” rating and issued a $230.00 target price (down from $250.00) on shares of Honeywell International in a research note on Thursday, October 24th. StockNews.com raised Honeywell International from a “hold” rating to a “buy” rating in a research report on Sunday, November 3rd. Baird R W lowered shares of Honeywell International from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 25th. Finally, Royal Bank of Canada upped their target price on shares of Honeywell International from $213.00 to $253.00 and gave the stock a “sector perform” rating in a research note on Wednesday. Nine analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $241.45.

Honeywell International Stock Performance

Shares of HON opened at $230.67 on Wednesday. The company has a 50-day simple moving average of $210.22 and a two-hundred day simple moving average of $207.34. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.44 and a quick ratio of 1.12. The firm has a market capitalization of $149.99 billion, a PE ratio of 26.64, a price-to-earnings-growth ratio of 2.78 and a beta of 1.03. Honeywell International has a one year low of $188.78 and a one year high of $242.77.

Institutional Trading of Honeywell International

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Teachers Insurance & Annuity Association of America bought a new position in shares of Honeywell International during the third quarter valued at approximately $25,000. LGT Group Foundation purchased a new stake in Honeywell International in the first quarter worth $26,000. Reston Wealth Management LLC bought a new stake in shares of Honeywell International during the third quarter worth $29,000. Planning Capital Management Corp grew its holdings in shares of Honeywell International by 96.4% in the third quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock worth $34,000 after purchasing an additional 81 shares during the last quarter. Finally, Financial Connections Group Inc. purchased a new position in Honeywell International in the 2nd quarter worth about $38,000. 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.