Honeywell International (NASDAQ:HON) Given New $253.00 Price Target at Royal Bank of Canada

Honeywell International (NASDAQ:HON) had its target price increased by analysts at Royal Bank of Canada from $213.00 to $253.00 in a report released on Wednesday,Benzinga reports. The firm presently has a “sector perform” rating on the conglomerate’s stock. Royal Bank of Canada’s price objective points to a potential upside of 7.54% from the stock’s current price.

HON has been the topic of a number of other reports. Robert W. Baird cut 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 research note on Friday, October 25th. JPMorgan Chase & Co. lowered their price target on shares of Honeywell International from $235.00 to $233.00 and set a “neutral” rating on the stock in a research report on Friday, October 25th. Wolfe Research lowered shares of Honeywell International from an “outperform” rating to a “peer perform” rating in a research report on Monday, October 28th. StockNews.com raised shares of Honeywell International from a “hold” rating to a “buy” rating in a research report on Sunday, November 3rd. Finally, Wells Fargo & Company boosted their price target on shares of Honeywell International from $207.00 to $215.00 and gave the company an “equal weight” rating in a research report on Friday, October 25th. Ten investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, Honeywell International presently has a consensus rating of “Hold” and a consensus price target of $227.36.

Honeywell International Stock Performance

HON traded up $1.36 during midday trading on Wednesday, reaching $235.27. The company had a trading volume of 424,555 shares, compared to its average volume of 3,073,742. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.12 and a current ratio of 1.44. The stock has a market cap of $152.98 billion, a PE ratio of 27.14, a P/E/G ratio of 2.68 and a beta of 1.03. Honeywell International has a 12-month low of $188.65 and a 12-month high of $242.77. The business has a 50-day moving average price of $209.67 and a two-hundred day moving average price of $207.16.

Institutional Trading of Honeywell International

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Independent Advisor Alliance increased its stake in Honeywell International by 0.8% during the 3rd quarter. Independent Advisor Alliance now owns 42,010 shares of the conglomerate’s stock valued at $8,684,000 after purchasing an additional 338 shares in the last quarter. Harvest Fund Management Co. Ltd increased its stake in Honeywell International by 51.9% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 29,926 shares of the conglomerate’s stock valued at $6,184,000 after purchasing an additional 10,222 shares in the last quarter. Fisher Asset Management LLC increased its stake in Honeywell International by 2.2% during the 3rd quarter. Fisher Asset Management LLC now owns 167,350 shares of the conglomerate’s stock valued at $34,593,000 after purchasing an additional 3,632 shares in the last quarter. Daiwa Securities Group Inc. increased its stake in Honeywell International by 7.8% during the 3rd quarter. Daiwa Securities Group Inc. now owns 198,478 shares of the conglomerate’s stock valued at $41,027,000 after purchasing an additional 14,280 shares in the last quarter. Finally, Marco Investment Management LLC increased its stake in Honeywell International by 3.6% during the 3rd quarter. Marco Investment Management LLC now owns 45,253 shares of the conglomerate’s stock valued at $9,354,000 after purchasing an additional 1,585 shares in the last quarter. 75.91% of the stock is currently 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.