JPMorgan Chase & Co. Has Lowered Expectations for Honeywell International (NASDAQ:HON) Stock Price

Honeywell International (NASDAQ:HON) had its target price cut by JPMorgan Chase & Co. from $233.00 to $231.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “neutral” rating on the conglomerate’s stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 3.73% from the company’s current price.

HON has been the topic of a number of other research reports. Barclays decreased their target price on shares of 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 restated a “sector perform” rating and set a $253.00 price objective on shares of Honeywell International in a research note on Tuesday, December 3rd. Hsbc Global Res upgraded Honeywell International to a “strong-buy” rating in a research report on Wednesday, December 11th. StockNews.com cut Honeywell International from a “buy” rating to a “hold” rating in a research report on Monday, December 23rd. 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. Eleven investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $247.93.

Honeywell International Trading Up 1.4 %

HON stock opened at $222.69 on Wednesday. Honeywell International has a 52 week low of $189.66 and a 52 week high of $242.77. The company has a market capitalization of $144.80 billion, a PE ratio of 25.71, a price-to-earnings-growth ratio of 2.40 and a beta of 1.06. The company’s 50-day simple moving average is $226.89 and its 200 day simple moving average is $214.30. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.12 and a current ratio of 1.44.

Hedge Funds Weigh In On Honeywell International

Several large investors have recently modified their holdings of HON. Edgestream Partners L.P. bought a new stake in shares of Honeywell International in the 2nd quarter valued at about $1,864,000. E Fund Management Co. Ltd. increased its position in Honeywell International by 1.5% during the 2nd quarter. E Fund Management Co. Ltd. now owns 6,549 shares of the conglomerate’s stock valued at $1,398,000 after purchasing an additional 97 shares during the period. Mercer Global Advisors Inc. ADV raised its holdings in Honeywell International by 9.7% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 86,429 shares of the conglomerate’s stock worth $18,456,000 after purchasing an additional 7,668 shares during the last quarter. Meiji Yasuda Life Insurance Co lifted its position in shares of Honeywell International by 664.6% in the 2nd quarter. Meiji Yasuda Life Insurance Co now owns 38,628 shares of the conglomerate’s stock worth $8,249,000 after purchasing an additional 33,576 shares during the period. Finally, Argent Trust Co increased its position in shares of Honeywell International by 0.3% during the second quarter. Argent Trust Co now owns 98,487 shares of the conglomerate’s stock worth $21,031,000 after buying an additional 335 shares during the period. 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.