Barclays Has Lowered Expectations for Honeywell International (NASDAQ:HON) Stock Price

Honeywell International (NASDAQ:HON) had its price target reduced by investment analysts at Barclays from $260.00 to $255.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the conglomerate’s stock. Barclays‘s price objective would indicate a potential upside of 15.82% from the company’s previous close.

Several other brokerages have also recently weighed in on HON. Hsbc Global Res raised shares of Honeywell International to a “strong-buy” rating in a research note on Wednesday, December 11th. Jefferies Financial Group upped their price target on Honeywell International from $220.00 to $260.00 and gave the company a “hold” rating in a research report on Tuesday, December 17th. Wells Fargo & Company lowered their price objective on Honeywell International from $254.00 to $240.00 and set an “equal weight” rating for the company in a research report on Tuesday. Royal Bank of Canada reiterated a “sector perform” rating and issued a $253.00 target price on shares of Honeywell International in a report on Tuesday, December 3rd. Finally, Bank of America boosted their price target on shares of Honeywell International from $220.00 to $240.00 and gave the stock a “neutral” rating in a research report on Thursday, November 14th. Eleven investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $248.21.

Honeywell International Stock Down 0.2 %

NASDAQ:HON opened at $220.17 on Wednesday. The firm’s 50 day simple moving average is $226.22 and its 200 day simple moving average is $214.18. 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 one year low of $189.66 and a one year high of $242.77. The company has a market cap of $143.16 billion, a PE ratio of 25.42, a P/E/G ratio of 2.85 and a beta of 1.06.

Institutional Investors Weigh In On Honeywell International

A number of institutional investors and hedge funds have recently made changes to their positions in HON. Acadian Asset Management LLC boosted its stake in shares of Honeywell International by 36.7% in the 2nd quarter. Acadian Asset Management LLC now owns 5,870 shares of the conglomerate’s stock worth $1,252,000 after buying an additional 1,575 shares during the last quarter. LGT Fund Management Co Ltd. purchased a new position in Honeywell International in the second quarter worth $562,000. Royal London Asset Management Ltd. boosted its position in Honeywell International by 12.8% in the second quarter. Royal London Asset Management Ltd. now owns 261,083 shares of the conglomerate’s stock worth $55,752,000 after purchasing an additional 29,557 shares during the last quarter. Van Hulzen Asset Management LLC grew its stake in Honeywell International by 32.5% in the 2nd quarter. Van Hulzen Asset Management LLC now owns 1,848 shares of the conglomerate’s stock valued at $395,000 after purchasing an additional 453 shares during the period. Finally, Headlands Technologies LLC purchased a new stake in shares of Honeywell International during the 2nd quarter valued at $121,000. 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.