Honeywell International (NASDAQ:HON) Upgraded at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft upgraded shares of Honeywell International (NASDAQ:HON) from a hold rating to a buy rating in a research report released on Friday, Marketbeat Ratings reports. The firm currently has $260.00 target price on the conglomerate’s stock, up from their prior target price of $236.00.

A number of other equities research analysts have also recently weighed in on HON. Wolfe Research cut shares of Honeywell International from an “outperform” rating to a “peer perform” rating in a research note on Monday, October 28th. Robert W. Baird lowered shares of Honeywell International from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $223.00 to $217.00 in a research note on Friday, October 25th. JPMorgan Chase & Co. lowered their price objective on shares of Honeywell International from $233.00 to $231.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 15th. UBS Group reaffirmed a “buy” rating and set a $298.00 price target (up from $215.00) on shares of Honeywell International in a research note on Wednesday, November 13th. Finally, Citigroup dropped their price objective on Honeywell International from $268.00 to $266.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. Ten analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $248.86.

Honeywell International Trading Down 2.0 %

Shares of NASDAQ HON opened at $205.52 on Friday. The stock has a market capitalization of $133.64 billion, a P/E ratio of 23.60, a PEG ratio of 2.55 and a beta of 1.05. The stock’s 50 day moving average price is $224.52 and its two-hundred day moving average price is $215.10. 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 52-week low of $189.75 and a 52-week high of $242.77.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings results on Thursday, February 6th. The conglomerate reported $2.47 EPS 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 fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. CWM LLC lifted its holdings in shares of Honeywell International by 3.4% during the third quarter. CWM LLC now owns 42,031 shares of the conglomerate’s stock valued at $8,688,000 after acquiring an additional 1,373 shares during the period. Pinnacle Bancorp Inc. boosted its position in Honeywell International by 41.7% in the third quarter. Pinnacle Bancorp Inc. now owns 4,915 shares of the conglomerate’s stock valued at $1,016,000 after buying an additional 1,446 shares in the last quarter. Watts Gwilliam & Co. LLC bought a new stake in Honeywell International during the third quarter worth about $1,752,000. Independence Bank of Kentucky increased its holdings in shares of Honeywell International by 12.5% during the third quarter. Independence Bank of Kentucky now owns 8,997 shares of the conglomerate’s stock worth $1,860,000 after buying an additional 1,002 shares in the last quarter. Finally, LVW Advisors LLC raised its stake in shares of Honeywell International by 10.9% in the third quarter. LVW Advisors LLC now owns 2,373 shares of the conglomerate’s stock valued at $491,000 after acquiring an additional 234 shares during the last quarter. 75.91% of the stock is owned by 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.