Honeywell International (NASDAQ:HON) Shares Down 5.2% – What’s Next?

Shares of Honeywell International Inc. (NASDAQ:HON) were down 5.2% during trading on Thursday . The company traded as low as $211.15 and last traded at $210.70. Approximately 2,891,736 shares traded hands during mid-day trading, a decline of 17% from the average daily volume of 3,493,810 shares. The stock had previously closed at $222.35.

Analyst Ratings Changes

A number of analysts have weighed in on HON shares. Wolfe Research cut shares of Honeywell International from an “outperform” rating to a “peer perform” rating in a research note on Monday, October 28th. JPMorgan Chase & Co. reduced 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 note on Wednesday, January 15th. Robert W. Baird lowered shares of Honeywell International from an “outperform” rating to a “neutral” rating and dropped their target price for the company from $223.00 to $217.00 in a report on Friday, October 25th. StockNews.com lowered shares of Honeywell International from a “buy” rating to a “hold” rating in a report on Monday, December 23rd. Finally, Baird R W lowered shares of Honeywell International from a “strong-buy” rating to a “hold” rating in a report on Friday, October 25th. Eleven equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $248.29.

Honeywell International Stock Down 5.2 %

The company has a current ratio of 1.44, a quick ratio of 1.12 and a debt-to-equity ratio of 1.44. The stock’s 50-day simple moving average is $225.46 and its 200-day simple moving average is $215.23. The firm has a market capitalization of $136.99 billion, a P/E ratio of 24.32, a P/E/G ratio of 2.57 and a beta of 1.05.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings data on Thursday, February 6th. The conglomerate reported $2.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.37 by $0.10. Honeywell International had a net margin of 15.02% and a return on equity of 37.77%. As a group, research analysts predict that Honeywell International Inc. will post 9.78 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Honeywell International

Institutional investors have recently added to or reduced their stakes in the company. Baldwin Wealth Partners LLC MA grew its position in shares of Honeywell International by 4.0% during the 4th quarter. Baldwin Wealth Partners LLC MA now owns 67,303 shares of the conglomerate’s stock valued at $15,203,000 after acquiring an additional 2,611 shares during the period. Costello Asset Management INC bought a new position in shares of Honeywell International during the 4th quarter valued at approximately $3,092,000. RIA Advisory Group LLC bought a new position in shares of Honeywell International during the 3rd quarter valued at approximately $6,124,000. Copley Financial Group Inc. bought a new position in shares of Honeywell International during the 3rd quarter valued at approximately $454,000. Finally, Sargent Investment Group LLC grew its position 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 during the period. 75.91% of the stock is 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.