Honeywell International (NASDAQ:HON) Given New $214.00 Price Target at Royal Bank of Canada

Honeywell International (NASDAQ:HON) had its target price decreased by analysts at Royal Bank of Canada from $218.00 to $214.00 in a research note issued on Friday, July 26th, Benzinga reports. The firm currently has a “sector perform” rating on the conglomerate’s stock. Royal Bank of Canada’s target price points to a potential upside of 8.61% from the stock’s current price.

Other equities research analysts have also recently issued research reports about the company. StockNews.com upgraded Honeywell International from a “hold” rating to a “buy” rating in a report on Wednesday, May 15th. UBS Group upgraded Honeywell International from a “sell” rating to a “neutral” rating and lifted their target price for the company from $175.00 to $215.00 in a report on Monday, June 10th. Citigroup upped their price target on Honeywell International from $243.00 to $244.00 and gave the stock a “buy” rating in a research note on Tuesday, June 4th. Wells Fargo & Company reduced their price objective on Honeywell International from $220.00 to $215.00 and set an “equal weight” rating on the stock in a research note on Friday, July 26th. Finally, Barclays boosted their price objective on shares of Honeywell International from $230.00 to $232.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 2nd. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Honeywell International currently has an average rating of “Hold” and an average target price of $225.00.

Honeywell International Trading Up 0.1 %

HON stock traded up $0.24 during mid-day trading on Friday, hitting $197.03. 1,791,950 shares of the company were exchanged, compared to its average volume of 2,915,759. The business has a fifty day simple moving average of $209.89 and a 200-day simple moving average of $202.54. The company has a quick ratio of 0.91, a current ratio of 1.21 and a debt-to-equity ratio of 1.19. The firm has a market capitalization of $128.30 billion, a P/E ratio of 22.80, a PEG ratio of 2.32 and a beta of 1.04. Honeywell International has a 12-month low of $174.88 and a 12-month high of $220.79.

Honeywell International (NASDAQ:HON) last released its quarterly earnings data on Thursday, July 25th. The conglomerate reported $2.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.42 by $0.07. The business had revenue of $9.58 billion during the quarter, compared to analysts’ expectations of $9.41 billion. Honeywell International had a net margin of 15.49% and a return on equity of 36.87%. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same period in the previous year, the company earned $2.23 EPS. On average, equities research analysts predict that Honeywell International will post 10.14 earnings per share for the current fiscal year.

Insider Activity

In other Honeywell International news, Director Darius Adamczyk sold 28,500 shares of Honeywell International stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $203.96, for a total value of $5,812,860.00. Following the transaction, the director now owns 203,510 shares in the company, valued at $41,507,899.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.41% of the company’s stock.

Institutional Trading of Honeywell International

Large investors have recently made changes to their positions in the business. LGT Group Foundation acquired a new stake in shares of Honeywell International in the first quarter worth approximately $26,000. Scarborough Advisors LLC purchased a new position in shares of Honeywell International during the 4th quarter worth $27,000. Altshuler Shaham Ltd purchased a new position in shares of Honeywell International during the 4th quarter worth approximately $27,000. Rakuten Securities Inc. acquired a new position in shares of Honeywell International during the fourth quarter worth $31,000. Finally, Cordant Inc. purchased a new position in shares of Honeywell International in the 4th quarter valued at about $31,000. 75.91% of the stock is owned by hedge funds and other institutional investors.

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.