Honeywell International (NASDAQ:HON) Stock Rating Upgraded by StockNews.com

Honeywell International (NASDAQ:HON) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Tuesday.

Several other equities analysts have also recently commented on the stock. UBS Group restated a “buy” rating and issued a $298.00 target price (up from $215.00) on shares of Honeywell International in a research report on Wednesday, November 13th. Bank of America upped their price objective on Honeywell International from $220.00 to $240.00 and gave the stock a “neutral” rating in a research report on Thursday, November 14th. HSBC raised Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 target price for the company in a research note on Wednesday, December 11th. JPMorgan Chase & Co. dropped their price target 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. Finally, Baird R W downgraded Honeywell International from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 25th. Nine investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $248.77.

Honeywell International Trading Up 3.7 %

Shares of Honeywell International stock opened at $236.00 on Tuesday. The company has a market capitalization of $153.46 billion, a price-to-earnings ratio of 27.25, a P/E/G ratio of 2.85 and a beta of 1.05. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.44 and a quick ratio of 1.12. Honeywell International has a 1 year low of $189.66 and a 1 year high of $242.77. The business has a fifty day simple moving average of $221.71 and a two-hundred day simple moving average of $212.10.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Teachers Insurance & Annuity Association of America purchased a new position in shares of Honeywell International during the third quarter valued at approximately $25,000. Reston Wealth Management LLC bought a new stake in shares of Honeywell International in the 3rd quarter worth approximately $29,000. Financial Avengers Inc. boosted its position in shares of Honeywell International by 48.1% in the 3rd quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate’s stock worth $32,000 after purchasing an additional 50 shares in the last quarter. Planning Capital Management Corp boosted its position in shares of Honeywell International by 96.4% in the 3rd quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock worth $34,000 after purchasing an additional 81 shares in the last quarter. Finally, Financial Connections Group Inc. bought a new stake in shares of Honeywell International in the 2nd quarter worth approximately $38,000. 75.91% of the stock is owned by 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.