Honeywell International (NASDAQ:HON) Given New $236.00 Price Target at Royal Bank of Canada

Honeywell International (NASDAQ:HON) had its price objective decreased by Royal Bank of Canada from $253.00 to $236.00 in a research report report published on Friday morning,Benzinga reports. Royal Bank of Canada currently has a sector perform rating on the conglomerate’s stock.

HON has been the subject of several other reports. Bank of America lifted their price target on Honeywell International from $220.00 to $240.00 and gave the company a “neutral” rating in a report on Thursday, November 14th. Jefferies Financial Group lifted their target price on shares of Honeywell International from $220.00 to $260.00 and gave the stock a “hold” rating in a report on Tuesday, December 17th. Wolfe Research lowered shares of Honeywell International from an “outperform” rating to a “peer perform” rating in a report on Monday, October 28th. Deutsche Bank Aktiengesellschaft upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and increased their target price for the company from $236.00 to $260.00 in a report on Friday. Finally, The Goldman Sachs Group boosted their target price on Honeywell International from $227.00 to $256.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Ten research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $248.86.

Honeywell International Price Performance

Shares of HON opened at $205.52 on Friday. 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 firm has a market capitalization of $133.64 billion, a price-to-earnings ratio of 23.73, a PEG ratio of 2.57 and a beta of 1.05. The firm’s fifty day simple moving average is $225.07 and its 200-day simple moving average is $215.19. Honeywell International has a twelve month low of $189.75 and a twelve month high of $242.77.

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

Institutional Investors Weigh In On Honeywell International

Institutional investors and hedge funds have recently bought and sold shares of the business. CWM LLC grew its position in Honeywell International by 3.4% during the third quarter. CWM LLC now owns 42,031 shares of the conglomerate’s stock worth $8,688,000 after buying an additional 1,373 shares in the last quarter. Pinnacle Bancorp Inc. boosted its position in Honeywell International by 41.7% during the 3rd quarter. Pinnacle Bancorp Inc. now owns 4,915 shares of the conglomerate’s stock worth $1,016,000 after acquiring an additional 1,446 shares during the last quarter. Watts Gwilliam & Co. LLC bought a new position in shares of Honeywell International in the third quarter valued at $1,752,000. Independence Bank of Kentucky grew its stake in Honeywell International by 12.5% in the 3rd quarter. Independence Bank of Kentucky now owns 8,997 shares of the conglomerate’s stock valued at $1,860,000 after buying an additional 1,002 shares during the last quarter. Finally, LVW Advisors LLC raised its stake in Honeywell International by 10.9% in the 3rd quarter. LVW Advisors LLC now owns 2,373 shares of the conglomerate’s stock worth $491,000 after purchasing an additional 234 shares in the last quarter. 75.91% of the stock is owned by institutional investors and hedge funds.

Honeywell International Company Profile

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.