Honeywell International Inc. (NASDAQ:HON) Receives $248.86 Consensus PT from Analysts

Honeywell International Inc. (NASDAQ:HON) has been given an average recommendation of “Moderate Buy” by the seventeen research firms that are covering the stock, MarketBeat Ratings reports. Nine equities research analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $248.21.

Several research firms have weighed in on HON. Citigroup lowered their price objective on Honeywell International from $268.00 to $266.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. HSBC upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 target price on the stock in a research report on Wednesday, December 11th. StockNews.com downgraded Honeywell International from a “buy” rating to a “hold” rating in a research report on Monday, December 23rd. Baird R W lowered Honeywell International from a “strong-buy” rating to a “hold” rating in a report on Friday, October 25th. Finally, Bank of America upped their price objective 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.

Institutional Trading of Honeywell International

Several institutional investors have recently modified their holdings of HON. Teachers Insurance & Annuity Association of America bought a new stake in shares of Honeywell International in the 3rd quarter valued at $25,000. Mainstream Capital Management LLC acquired a new stake in shares of Honeywell International in the 4th quarter valued at about $25,000. Avalon Trust Co raised its stake in Honeywell International by 166.7% during the 4th quarter. Avalon Trust Co now owns 120 shares of the conglomerate’s stock worth $27,000 after buying an additional 75 shares during the period. Reston Wealth Management LLC acquired a new stake in Honeywell International in the third quarter valued at approximately $29,000. Finally, Hoese & Co LLP bought a new stake in shares of Honeywell International during the fourth quarter valued at approximately $30,000. Institutional investors own 75.91% of the company’s stock.

Honeywell International Price Performance

NASDAQ:HON opened at $208.52 on Friday. The company has a quick ratio of 1.12, a current ratio of 1.31 and a debt-to-equity ratio of 1.33. Honeywell International has a 12-month low of $189.75 and a 12-month high of $242.77. The stock’s 50 day moving average price is $224.52 and its two-hundred day moving average price is $215.11. The firm has a market capitalization of $135.59 billion, a price-to-earnings ratio of 23.94, a P/E/G ratio of 2.55 and a beta of 1.05.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings data on Thursday, February 6th. The conglomerate reported $2.47 earnings per share for the quarter, beating the consensus estimate of $2.37 by $0.10. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. On average, analysts anticipate that Honeywell International will post 10.3 earnings per share for the current year.

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.