Bank of America Increases Honeywell International (NASDAQ:HON) Price Target to $240.00

Honeywell International (NASDAQ:HON) had its price objective raised by analysts at Bank of America from $220.00 to $240.00 in a note issued to investors on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the conglomerate’s stock. Bank of America‘s target price indicates a potential upside of 4.81% from the stock’s previous close.

HON has been the topic of a number of other reports. Baird R W cut shares of Honeywell International from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 25th. Robert W. Baird downgraded shares of Honeywell International from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $223.00 to $217.00 in a research report on Friday, October 25th. StockNews.com raised Honeywell International from a “hold” rating to a “buy” rating in a research report on Sunday, November 3rd. Wells Fargo & Company boosted their target price on shares of Honeywell International from $215.00 to $254.00 and gave the company an “equal weight” rating in a research note on Wednesday. Finally, UBS Group reaffirmed a “buy” rating and set a $298.00 target price (up previously from $215.00) on shares of Honeywell International in a research note on Wednesday. Nine investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $241.45.

Honeywell International Stock Down 0.2 %

Shares of HON opened at $228.99 on Thursday. The firm has a market cap of $148.90 billion, a PE ratio of 26.44, a price-to-earnings-growth ratio of 2.77 and a beta of 1.03. Honeywell International has a fifty-two week low of $189.66 and a fifty-two week high of $242.77. 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’s fifty day moving average is $210.77 and its two-hundred day moving average is $207.50.

Institutional Investors Weigh In On Honeywell International

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Quent Capital LLC boosted its position in shares of Honeywell International by 4.7% in the 1st quarter. Quent Capital LLC now owns 1,722 shares of the conglomerate’s stock valued at $353,000 after purchasing an additional 77 shares during the period. Banco Santander S.A. increased its position in shares of Honeywell International by 1.9% in the first quarter. Banco Santander S.A. now owns 7,002 shares of the conglomerate’s stock worth $1,437,000 after acquiring an additional 131 shares in the last quarter. M&G Plc acquired a new stake in shares of Honeywell International during the first quarter valued at approximately $1,993,000. Jupiter Asset Management Ltd. purchased a new stake in shares of Honeywell International in the 1st quarter valued at approximately $1,398,000. Finally, Hoey Investments Inc. boosted its stake in Honeywell International by 16.6% in the 1st quarter. Hoey Investments Inc. now owns 3,515 shares of the conglomerate’s stock worth $721,000 after purchasing an additional 500 shares during the period. Institutional investors and hedge funds own 75.91% of the company’s stock.

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.