Honeywell International Inc. (NASDAQ:HON) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Honeywell International Inc. (NASDAQ:HON) have received an average recommendation of “Hold” from the seventeen ratings firms that are covering the company, MarketBeat reports. Ten equities research analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $248.07.

HON has been the subject of a number of research reports. HSBC raised shares of Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 target price for the company in a research note on Wednesday, December 11th. Royal Bank of Canada reissued a “sector perform” rating and set a $253.00 target price on shares of Honeywell International in a report on Tuesday, December 3rd. Jefferies Financial Group lifted their price target on Honeywell International from $220.00 to $260.00 and gave the stock a “hold” rating in a research note on Tuesday, December 17th. JPMorgan Chase & Co. reduced their price objective on Honeywell International from $235.00 to $233.00 and set a “neutral” rating for the company in a research note on Friday, October 25th. Finally, Baird R W cut shares of Honeywell International from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 25th.

Institutional Investors Weigh In On Honeywell International

A number of institutional investors and hedge funds have recently modified their holdings of HON. Teachers Insurance & Annuity Association of America acquired a new position in shares of Honeywell International in the third quarter valued at approximately $25,000. Reston Wealth Management LLC acquired a new position in shares of Honeywell International during the third quarter worth $29,000. Financial Avengers Inc. raised its position in Honeywell International by 48.1% during the 3rd quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate’s stock worth $32,000 after purchasing an additional 50 shares during the last quarter. Planning Capital Management Corp grew its position in shares of Honeywell International by 96.4% in the 3rd quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock valued at $34,000 after buying an additional 81 shares during the last quarter. Finally, Western Pacific Wealth Management LP bought a new position in shares of Honeywell International during the third quarter worth about $41,000. 75.91% of the stock is owned by institutional investors.

Honeywell International Stock Up 0.4 %

HON stock opened at $219.10 on Tuesday. The company has a quick ratio of 1.12, a current ratio of 1.44 and a debt-to-equity ratio of 1.44. Honeywell International has a 52 week low of $189.66 and a 52 week high of $242.77. The stock has a market capitalization of $142.47 billion, a PE ratio of 25.30, a price-to-earnings-growth ratio of 2.85 and a beta of 1.06. The firm has a 50 day moving average of $226.63 and a 200 day moving average of $214.23.

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.