Honeywell International (NASDAQ:HON) Stock Price Expected to Rise, Barclays Analyst Says

Honeywell International (NASDAQ:HON) had its price target boosted by Barclays from $255.00 to $260.00 in a report issued on Friday morning,Benzinga reports. Barclays currently has an overweight rating on the conglomerate’s stock.

Several other brokerages also recently issued reports on HON. Royal Bank of Canada restated a “sector perform” rating and set a $253.00 price objective on shares of Honeywell International in a research report on Tuesday, December 3rd. HSBC upgraded Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 price objective for the company in a research report on Wednesday, December 11th. Wolfe Research downgraded Honeywell International from an “outperform” rating to a “peer perform” rating in a research report on Monday, October 28th. Citigroup cut their price objective on Honeywell International from $268.00 to $266.00 and set a “buy” rating for the company in a research report on Monday, January 13th. Finally, UBS Group reiterated a “buy” rating and issued a $298.00 price target (up from $215.00) on shares of Honeywell International in a report on Wednesday, November 13th. Eleven equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Honeywell International presently has a consensus rating of “Hold” and an average target price of $248.29.

Honeywell International Trading Down 0.0 %

Shares of Honeywell International stock opened at $222.58 on Friday. 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 company has a market capitalization of $144.73 billion, a P/E ratio of 25.70, a P/E/G ratio of 2.40 and a beta of 1.06. The business has a 50 day moving average price of $227.06 and a 200 day moving average price of $214.45.

Institutional Trading of Honeywell International

Institutional investors have recently made changes to their positions in the stock. Edgestream Partners L.P. purchased a new stake in Honeywell International during the 2nd quarter worth $1,864,000. Brighton Jones LLC boosted its position in Honeywell International by 0.6% during the 2nd quarter. Brighton Jones LLC now owns 17,919 shares of the conglomerate’s stock worth $3,826,000 after purchasing an additional 109 shares during the period. Ieq Capital LLC boosted its position in Honeywell International by 9.5% during the 2nd quarter. Ieq Capital LLC now owns 48,216 shares of the conglomerate’s stock worth $10,296,000 after purchasing an additional 4,187 shares during the period. Benjamin F. Edwards & Company Inc. boosted its position in Honeywell International by 17.0% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 18,773 shares of the conglomerate’s stock worth $4,009,000 after purchasing an additional 2,734 shares during the period. Finally, Callan Capital LLC boosted its position in Honeywell International by 6.4% during the 2nd quarter. Callan Capital LLC now owns 2,218 shares of the conglomerate’s stock worth $474,000 after purchasing an additional 134 shares during the period. 75.91% of the stock is owned by hedge funds and other 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.