Brokerages Set Honeywell International Inc. (NASDAQ:HON) Target Price at $248.07

Honeywell International Inc. (NASDAQ:HON) has earned a consensus rating of “Hold” from the seventeen brokerages that are covering the stock, Marketbeat.com reports. Ten investment analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $247.93.

A number of analysts have commented on HON shares. Barclays decreased their target price on Honeywell International from $260.00 to $255.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 8th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $253.00 price objective on shares of Honeywell International in a research report on Tuesday, December 3rd. Wolfe Research downgraded shares of Honeywell International from an “outperform” rating to a “peer perform” rating in a report on Monday, October 28th. Citigroup cut their target price on shares of Honeywell International from $268.00 to $266.00 and set a “buy” rating for the company in a research report on Monday. Finally, StockNews.com lowered shares of Honeywell International from a “buy” rating to a “hold” rating in a research report on Monday, December 23rd.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Acadian Asset Management LLC increased 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 valued at $1,252,000 after acquiring an additional 1,575 shares during the last quarter. Headlands Technologies LLC acquired a new position in Honeywell International during the second quarter worth approximately $121,000. Envestnet Asset Management Inc. increased its position in Honeywell International by 7.2% during 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. raised its stake in Honeywell International by 4.3% during 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 acquired a new position in shares of Honeywell International in the 2nd quarter valued at $61,000. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Honeywell International Price Performance

Shares of NASDAQ:HON opened at $222.69 on Tuesday. The firm has a market capitalization of $144.80 billion, a price-to-earnings ratio of 25.71, a price-to-earnings-growth ratio of 2.40 and a beta of 1.06. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.44 and a quick ratio of 1.12. The business’s 50 day simple moving average is $226.89 and its 200-day simple moving average is $214.30. Honeywell International has a 12 month low of $189.66 and a 12 month high of $242.77.

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.