Royal Bank of Canada Cuts Honeywell International (NASDAQ:HON) Price Target to $236.00

Honeywell International (NASDAQ:HON) had its price objective reduced by Royal Bank of Canada from $253.00 to $236.00 in a research note published on Friday,Benzinga reports. They currently have a sector perform rating on the conglomerate’s stock.

A number of other research analysts have also commented on the stock. Wolfe Research lowered shares of Honeywell International from an “outperform” rating to a “peer perform” rating in a research report on Monday, October 28th. Bank of America boosted their target price on Honeywell International from $220.00 to $240.00 and gave the stock a “neutral” rating in a research report on Thursday, November 14th. JPMorgan Chase & Co. dropped their price target on Honeywell International from $233.00 to $231.00 and set a “neutral” rating for the company in a research report on Wednesday, January 15th. Baird R W cut shares of Honeywell International from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 25th. Finally, StockNews.com lowered shares of Honeywell International from a “buy” rating to a “hold” rating in a research report on Monday, December 23rd. Ten investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $248.86.

Honeywell International Price Performance

Honeywell International stock opened at $205.52 on Friday. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.31 and a quick ratio of 1.12. Honeywell International has a one year low of $189.75 and a one year high of $242.77. The firm 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 business has a fifty day moving average price of $224.52 and a 200-day moving average price of $215.10.

Honeywell International (NASDAQ:HON) last posted its earnings results on Thursday, February 6th. The conglomerate reported $2.47 earnings per share for the quarter, beating 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, equities research analysts forecast that Honeywell International will post 10.3 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of HON. Teachers Insurance & Annuity Association of America bought a new position in shares of Honeywell International during the third quarter valued at approximately $25,000. Mainstream Capital Management LLC purchased a new position in Honeywell International during the 4th quarter valued at $25,000. Reston Wealth Management LLC bought a new position in Honeywell International in the 3rd quarter worth $29,000. Hoese & Co LLP bought a new stake in shares of Honeywell International during the 4th quarter valued at about $30,000. Finally, Financial Avengers Inc. raised its stake in Honeywell International by 48.1% in the third quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate’s stock worth $32,000 after buying an additional 50 shares in the last quarter. Hedge funds and other institutional investors 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.