Royal Bank of Canada Reiterates “Sector Perform” Rating for Honeywell International (NASDAQ:HON)

Honeywell International (NASDAQ:HON)‘s stock had its “sector perform” rating restated by equities research analysts at Royal Bank of Canada in a research report issued on Tuesday,Benzinga reports. They currently have a $253.00 target price on the conglomerate’s stock. Royal Bank of Canada’s target price would indicate a potential upside of 10.10% from the stock’s previous close.

A number of other analysts have also issued reports on HON. Morgan Stanley initiated coverage on Honeywell International in a research note on Friday, September 6th. They issued an “equal weight” rating and a $210.00 price target on the stock. Bank of America lifted their price target on Honeywell International from $220.00 to $240.00 and gave the stock a “neutral” rating in a research note on Thursday, November 14th. Wolfe Research lowered Honeywell International from an “outperform” rating to a “peer perform” rating in a research note on Monday, October 28th. JPMorgan Chase & Co. lowered their price target on Honeywell International from $235.00 to $233.00 and set a “neutral” rating on the stock in a research note on Friday, October 25th. Finally, Wells Fargo & Company lifted their price target on Honeywell International from $215.00 to $254.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 13th. Nine investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $241.45.

Honeywell International Stock Up 1.2 %

Shares of HON opened at $229.79 on Tuesday. The company has a current ratio of 1.44, a quick ratio of 1.12 and a debt-to-equity ratio of 1.44. Honeywell International has a 12 month low of $189.66 and a 12 month high of $242.77. The stock’s 50 day moving average is $217.99 and its two-hundred day moving average is $210.48. The firm has a market cap of $149.42 billion, a P/E ratio of 26.53, a PEG ratio of 2.73 and a beta of 1.05.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Capital Wealth Planning LLC acquired a new position in shares of Honeywell International during the 2nd quarter worth about $392,478,000. Wellington Management Group LLP boosted its position in shares of Honeywell International by 8.4% during the 3rd quarter. Wellington Management Group LLP now owns 17,826,700 shares of the conglomerate’s stock worth $3,684,957,000 after acquiring an additional 1,376,479 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in shares of Honeywell International by 24,683.3% in the 3rd quarter. International Assets Investment Management LLC now owns 948,704 shares of the conglomerate’s stock valued at $1,961,070,000 after purchasing an additional 944,876 shares during the last quarter. Mizuho Securities USA LLC lifted its holdings in shares of Honeywell International by 1,147.0% in the 3rd quarter. Mizuho Securities USA LLC now owns 626,071 shares of the conglomerate’s stock valued at $129,415,000 after purchasing an additional 575,865 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Honeywell International by 4.0% in the 3rd quarter. Geode Capital Management LLC now owns 14,360,730 shares of the conglomerate’s stock valued at $2,959,535,000 after purchasing an additional 547,998 shares during the last quarter. 75.91% of the stock is owned by institutional investors and hedge funds.

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.