Honeywell International (NASDAQ:HON) Price Target Raised to $217.00 at Morgan Stanley

Honeywell International (NASDAQ:HON) had its price target hoisted by analysts at Morgan Stanley from $210.00 to $217.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has an “equal weight” rating on the conglomerate’s stock. Morgan Stanley’s price target points to a potential upside of 3.84% from the stock’s previous close.

HON has been the topic of several other reports. JPMorgan Chase & Co. cut 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 note on Wednesday, January 15th. The Goldman Sachs Group lifted their target price on Honeywell International from $227.00 to $256.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Hsbc Global Res raised shares of Honeywell International to a “strong-buy” rating in a research report on Wednesday, December 11th. Jefferies Financial Group upped their price objective on shares of Honeywell International from $220.00 to $260.00 and gave the company a “hold” rating in a research note on Tuesday, December 17th. Finally, StockNews.com downgraded shares of Honeywell International from a “buy” rating to a “hold” rating in a research note on Monday, December 23rd. Ten research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $248.71.

Honeywell International Stock Performance

Shares of Honeywell International stock traded up $0.46 during trading on Tuesday, hitting $208.98. 958,743 shares of the stock were exchanged, compared to its average volume of 3,996,586. 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 $135.89 billion, a PE ratio of 24.00, a P/E/G ratio of 2.55 and a beta of 1.05. Honeywell International has a 12 month low of $189.75 and a 12 month high of $242.77. The stock’s fifty day moving average is $224.09 and its 200 day moving average is $215.15.

Honeywell International (NASDAQ:HON) last announced its earnings results on Thursday, February 6th. The conglomerate reported $2.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.37 by $0.10. Honeywell International had a return on equity of 35.78% and a net margin of 14.82%. As a group, sell-side analysts anticipate that Honeywell International will post 10.3 EPS for the current year.

Hedge Funds Weigh In On Honeywell International

A number of institutional investors have recently made changes to their positions in the business. Exchange Traded Concepts LLC increased its stake in Honeywell International by 112.1% during the third quarter. Exchange Traded Concepts LLC now owns 4,711 shares of the conglomerate’s stock valued at $974,000 after acquiring an additional 2,490 shares during the period. Paladin Wealth LLC bought a new stake in shares of Honeywell International during the third quarter valued at approximately $150,000. Stablepoint Partners LLC raised its stake in shares of Honeywell International by 10.5% in the third quarter. Stablepoint Partners LLC now owns 1,814 shares of the conglomerate’s stock valued at $375,000 after purchasing an additional 172 shares in the last quarter. Wedge Capital Management L L P NC lifted its position in Honeywell International by 4.5% in the third quarter. Wedge Capital Management L L P NC now owns 1,226 shares of the conglomerate’s stock worth $253,000 after purchasing an additional 53 shares during the period. Finally, CX Institutional boosted its stake in Honeywell International by 589.6% during the third quarter. CX Institutional now owns 46,509 shares of the conglomerate’s stock worth $9,614,000 after buying an additional 39,765 shares in the last quarter. 75.91% of the stock is currently owned by institutional investors.

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.