Honeywell International Inc. (NASDAQ:HON) Receives Average Recommendation of “Hold” from Analysts

Honeywell International Inc. (NASDAQ:HON) has been given a consensus rating of “Hold” by the seventeen research firms that are currently covering the company, MarketBeat Ratings reports. Ten investment 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. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $249.57.

Several analysts have recently commented on the stock. Citigroup increased their price target on shares of Honeywell International from $244.00 to $268.00 and gave the company a “buy” rating in a research note on Monday, December 9th. JPMorgan Chase & Co. lowered their target price on Honeywell International from $235.00 to $233.00 and set a “neutral” rating for the company in a research note on Friday, October 25th. Barclays upped their price target on Honeywell International from $252.00 to $260.00 and gave the company an “overweight” rating in a research note on Thursday, December 5th. StockNews.com lowered Honeywell International from a “buy” rating to a “hold” rating in a research report on Monday. Finally, Jefferies Financial Group upped their target price on shares of Honeywell International from $220.00 to $260.00 and gave the company a “hold” rating in a research report on Tuesday, December 17th.

Honeywell International Stock Up 1.3 %

Shares of NASDAQ HON opened at $231.86 on Friday. Honeywell International has a 12-month low of $189.66 and a 12-month high of $242.77. The firm’s 50-day simple moving average is $223.88 and its 200 day simple moving average is $213.28. The company has a quick ratio of 1.12, a current ratio of 1.44 and a debt-to-equity ratio of 1.44. The company has a market cap of $150.77 billion, a price-to-earnings ratio of 26.77, a price-to-earnings-growth ratio of 2.85 and a beta of 1.05.

Institutional Investors Weigh In On Honeywell International

A number of hedge funds have recently modified their holdings of the business. State Street Corp raised its stake in shares of Honeywell International by 0.3% in the 3rd quarter. State Street Corp now owns 31,026,897 shares of the conglomerate’s stock valued at $6,413,570,000 after purchasing an additional 92,112 shares during the period. Wellington Management Group LLP grew its holdings in shares of Honeywell International by 8.4% during the third quarter. Wellington Management Group LLP now owns 17,826,700 shares of the conglomerate’s stock worth $3,684,957,000 after buying an additional 1,376,479 shares in the last quarter. Geode Capital Management LLC raised its position in Honeywell International by 4.0% in the 3rd quarter. Geode Capital Management LLC now owns 14,360,730 shares of the conglomerate’s stock valued at $2,959,535,000 after buying an additional 547,998 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in Honeywell International by 3.9% in the 2nd quarter. Ameriprise Financial Inc. now owns 8,365,840 shares of the conglomerate’s stock valued at $1,786,449,000 after acquiring an additional 310,807 shares in the last quarter. Finally, Legal & General Group Plc boosted its position in Honeywell International by 0.9% during the 2nd quarter. Legal & General Group Plc now owns 4,910,551 shares of the conglomerate’s stock worth $1,048,600,000 after acquiring an additional 42,305 shares during the last quarter. Institutional investors and hedge funds 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.