Honeywell International (NASDAQ:HON) Price Target Raised to $260.00

Honeywell International (NASDAQ:HON) had its price objective boosted by Barclays from $255.00 to $260.00 in a report released on Friday morning,Benzinga reports. The brokerage currently has an overweight rating on the conglomerate’s stock.

Several other research firms have also commented on HON. HSBC raised Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 target price on the stock in a report on Wednesday, December 11th. Citigroup dropped their target price on Honeywell International from $268.00 to $266.00 and set a “buy” rating on the stock in a report on Monday, January 13th. Bank of America increased their target price on Honeywell International from $220.00 to $240.00 and gave the company a “neutral” rating in a report on Thursday, November 14th. Hsbc Global Res raised Honeywell International to a “strong-buy” rating in a report on Wednesday, December 11th. Finally, Wells Fargo & Company dropped their target price on Honeywell International from $254.00 to $240.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 7th. Eleven analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $248.29.

Honeywell International Stock Down 0.0 %

Honeywell International stock opened at $222.58 on Friday. Honeywell International has a twelve month low of $189.66 and a twelve month high of $242.77. The stock’s fifty day simple moving average is $227.06 and its 200-day simple moving average is $214.45. The company has a current ratio of 1.44, a quick ratio of 1.12 and a debt-to-equity ratio of 1.44. The firm has a market capitalization of $144.73 billion, a P/E ratio of 25.70, a P/E/G ratio of 2.40 and a beta of 1.06.

Institutional Investors Weigh In On Honeywell International

Several hedge funds have recently made changes to their positions in HON. Wellington Management Group LLP boosted its holdings in Honeywell International by 8.4% in the 3rd quarter. Wellington Management Group LLP now owns 17,826,700 shares of the conglomerate’s stock valued at $3,684,957,000 after purchasing an additional 1,376,479 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in Honeywell International by 24,683.3% in the 3rd quarter. International Assets Investment Management LLC now owns 948,704 shares of the conglomerate’s stock valued at $1,961,070,000 after purchasing an additional 944,876 shares in the last quarter. Mizuho Securities USA LLC boosted its holdings in Honeywell International by 1,147.0% in the 3rd quarter. Mizuho Securities USA LLC now owns 626,071 shares of the conglomerate’s stock valued at $129,415,000 after purchasing an additional 575,865 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Honeywell International by 4.0% in the 3rd quarter. Geode Capital Management LLC now owns 14,360,730 shares of the conglomerate’s stock valued at $2,959,535,000 after purchasing an additional 547,998 shares in the last quarter. Finally, Nisa Investment Advisors LLC boosted its holdings in Honeywell International by 146.5% in the 4th quarter. Nisa Investment Advisors LLC now owns 565,876 shares of the conglomerate’s stock valued at $127,826,000 after purchasing an additional 336,296 shares in the last quarter. Institutional investors and hedge funds own 75.91% of the company’s stock.

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.