Honeywell International (NASDAQ:HON) Price Target Cut to $251.00 by Analysts at Barclays

Honeywell International (NASDAQ:HON) had its price target cut by Barclays from $260.00 to $251.00 in a research note issued to investors on Monday morning,Benzinga reports. They currently have an overweight rating on the conglomerate’s stock.

Other equities research analysts have also recently issued research reports about the company. Royal Bank of Canada lowered their target price on Honeywell International from $253.00 to $236.00 and set a “sector perform” rating on the stock in a report on Friday. Baird R W downgraded shares of Honeywell International from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 25th. Citigroup lowered their price target on shares of Honeywell International from $268.00 to $266.00 and set a “buy” rating for the company in a report on Monday, January 13th. UBS Group reissued a “buy” rating and set a $298.00 price target (up previously from $215.00) on shares of Honeywell International in a research note on Wednesday, November 13th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Honeywell International from $233.00 to $231.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 15th. Ten analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $248.21.

Honeywell International Stock Performance

Shares of HON stock opened at $208.52 on Monday. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.12 and a current ratio of 1.31. The stock has a market cap of $135.59 billion, a PE ratio of 23.94, a P/E/G ratio of 2.55 and a beta of 1.05. Honeywell International has a 1 year low of $189.75 and a 1 year high of $242.77. The stock has a fifty day moving average price of $224.52 and a 200 day moving average price of $215.11.

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

Hedge Funds Weigh In On Honeywell International

A number of institutional investors have recently added to or reduced their stakes in the company. Generali Asset Management SPA SGR purchased a new stake in shares of Honeywell International during the fourth quarter worth about $3,671,000. Evoke Wealth LLC grew its stake in Honeywell International by 3.8% during the 4th quarter. Evoke Wealth LLC now owns 2,343 shares of the conglomerate’s stock valued at $529,000 after purchasing an additional 85 shares in the last quarter. Horizon Investments LLC increased its holdings in Honeywell International by 2.4% during the 4th quarter. Horizon Investments LLC now owns 11,453 shares of the conglomerate’s stock worth $2,587,000 after purchasing an additional 266 shares during the last quarter. Advisors Asset Management Inc. raised its position in shares of Honeywell International by 4.3% in the 4th quarter. Advisors Asset Management Inc. now owns 17,194 shares of the conglomerate’s stock valued at $3,884,000 after purchasing an additional 710 shares in the last quarter. Finally, Thrivent Financial for Lutherans boosted its stake in shares of Honeywell International by 6.6% during the 4th quarter. Thrivent Financial for Lutherans now owns 546,030 shares of the conglomerate’s stock valued at $123,333,000 after buying an additional 33,618 shares during the last quarter. Institutional investors and hedge funds 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.