Honeywell International (NASDAQ:HON) Coverage Initiated at BNP Paribas Exane

Equities researchers at BNP Paribas Exane assumed coverage on shares of Honeywell International (NASDAQ:HON) in a research note issued to investors on Wednesday. The brokerage set a “neutral” rating and a $195.00 price target on the conglomerate’s stock. BNP Paribas Exane’s price target would indicate a potential upside of 0.72% from the stock’s previous close.

HON has been the topic of a number of other research reports. Morgan Stanley decreased their target price on shares of Honeywell International from $245.00 to $235.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 28th. HSBC decreased their price objective on Honeywell International from $290.00 to $266.00 and set a “buy” rating on the stock in a report on Tuesday, November 11th. Royal Bank Of Canada upgraded Honeywell International from a “sector perform” rating to an “outperform” rating and increased their target price for the company from $235.00 to $253.00 in a report on Monday, October 27th. TD Cowen decreased their price target on Honeywell International from $250.00 to $240.00 and set a “buy” rating on the stock in a research note on Monday, November 10th. Finally, Jefferies Financial Group lowered their price objective on Honeywell International from $230.00 to $220.00 in a research report on Monday, November 3rd. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Honeywell International currently has an average rating of “Moderate Buy” and an average price target of $236.76.

Honeywell International Price Performance

Shares of NASDAQ HON traded up $0.45 during trading hours on Wednesday, reaching $193.60. 363,305 shares of the stock traded hands, compared to its average volume of 4,341,743. The company’s 50-day simple moving average is $201.98 and its two-hundred day simple moving average is $216.03. The company has a market capitalization of $122.92 billion, a P/E ratio of 20.39, a price-to-earnings-growth ratio of 2.58 and a beta of 0.96. Honeywell International has a 52-week low of $169.21 and a 52-week high of $228.04. The company has a quick ratio of 1.04, a current ratio of 1.36 and a debt-to-equity ratio of 1.70.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings results on Monday, December 11th. The conglomerate reported $2.25 EPS for the quarter. The business had revenue of $8.95 billion for the quarter. Honeywell International had a net margin of 15.07% and a return on equity of 38.11%. Honeywell International has set its Q4 2023 guidance at 2.530-2.630 EPS and its FY 2023 guidance at 9.100-9.200 EPS. Equities research analysts forecast that Honeywell International will post 10.34 EPS for the current year.

Institutional Trading of Honeywell International

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HON. Chung Wu Investment Group LLC purchased a new stake in shares of Honeywell International in the 2nd quarter worth about $26,000. RMG Wealth Management LLC bought a new position in Honeywell International in the second quarter worth about $33,000. Howard Hughes Medical Institute purchased a new stake in Honeywell International in the second quarter worth about $33,000. Activest Wealth Management boosted its position in Honeywell International by 425.9% during the 2nd quarter. Activest Wealth Management now owns 142 shares of the conglomerate’s stock valued at $33,000 after acquiring an additional 115 shares in the last quarter. Finally, Barnes Dennig Private Wealth Management LLC boosted its position in Honeywell International by 491.7% during the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 142 shares of the conglomerate’s stock valued at $30,000 after acquiring an additional 118 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.