Honeywell International (NASDAQ:HON) Price Target Lowered to $266.00 at Citigroup

Honeywell International (NASDAQ:HON) had its target price reduced by Citigroup from $268.00 to $266.00 in a research report report published on Monday morning,Benzinga reports. Citigroup currently has a buy rating on the conglomerate’s stock.

Several other research analysts also recently commented on HON. Wolfe Research downgraded shares of Honeywell International from an “outperform” rating to a “peer perform” rating in a report on Monday, October 28th. The Goldman Sachs Group increased their price objective on Honeywell International from $227.00 to $256.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Wells Fargo & Company decreased their price objective on Honeywell International from $254.00 to $240.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 7th. Royal Bank of Canada reissued a “sector perform” rating and issued a $253.00 price target on shares of Honeywell International in a report on Tuesday, December 3rd. Finally, HSBC upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 price target on the stock in a report on Wednesday, December 11th. Eleven equities research 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 company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $248.07.

Honeywell International Stock Up 0.4 %

HON opened at $219.10 on Monday. The company’s 50-day moving average price is $226.63 and its two-hundred day moving average price is $214.23. Honeywell International has a twelve month low of $189.66 and a twelve month high of $242.77. The stock has a market cap of $142.47 billion, a price-to-earnings ratio of 25.30, a PEG ratio of 2.85 and a beta of 1.06. The company has a quick ratio of 1.12, a current ratio of 1.44 and a debt-to-equity ratio of 1.44.

Institutional Trading of Honeywell International

A number of institutional investors and hedge funds have recently modified their holdings of HON. Acadian Asset Management LLC boosted its stake in shares of Honeywell International by 36.7% during the 2nd quarter. Acadian Asset Management LLC now owns 5,870 shares of the conglomerate’s stock worth $1,252,000 after acquiring an additional 1,575 shares during the last quarter. Headlands Technologies LLC bought a new position in Honeywell International during the second quarter valued at $121,000. Envestnet Asset Management Inc. lifted its stake in Honeywell International by 7.2% in the second quarter. Envestnet Asset Management Inc. now owns 1,057,508 shares of the conglomerate’s stock worth $225,820,000 after purchasing an additional 71,378 shares during the last quarter. Brown Brothers Harriman & Co. increased its stake in Honeywell International by 4.3% in the second quarter. Brown Brothers Harriman & Co. now owns 18,463 shares of the conglomerate’s stock worth $3,943,000 after purchasing an additional 760 shares during the period. Finally, Fairfield Financial Advisors LTD purchased a new stake in Honeywell International in the 2nd quarter valued at about $61,000. Institutional investors 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.