Honeywell International (NASDAQ:HON) Price Target Lowered to $250.00 at Barclays

Honeywell International (NASDAQ:HON) had its price target lowered by investment analysts at Barclays from $269.00 to $250.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the conglomerate’s stock. Barclays‘s price objective would suggest a potential upside of 27.88% from the stock’s current price.

A number of other research firms have also recently issued reports on HON. JPMorgan Chase & Co. boosted their price objective on Honeywell International from $212.00 to $218.00 and gave the company a “neutral” rating in a report on Friday, October 24th. Bank of America reissued an “underperform” rating and issued a $205.00 price objective (down previously from $265.00) on shares of Honeywell International in a research note on Tuesday, November 18th. Weiss Ratings restated a “hold (c)” rating on shares of Honeywell International in a report on Monday, December 15th. Argus cut their target price on Honeywell International from $250.00 to $225.00 in a research note on Friday, November 14th. Finally, HSBC cut their price target on shares of Honeywell International from $290.00 to $266.00 and set a “buy” rating on the stock in a report on Tuesday, November 11th. Nine investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $235.58.

Honeywell International Trading Down 0.2%

HON stock opened at $195.50 on Wednesday. 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 has a twelve month low of $169.21 and a twelve month high of $228.04. The stock has a market capitalization of $124.12 billion, a price-to-earnings ratio of 20.60, a price-to-earnings-growth ratio of 2.85 and a beta of 0.96. The firm’s fifty day simple moving average is $198.06 and its two-hundred day simple moving average is $212.85.

Honeywell International (NASDAQ:HON) last released its earnings results on Monday, December 11th. The conglomerate reported $2.25 earnings per share (EPS) for the quarter. Honeywell International had a net margin of 15.07% and a return on equity of 38.11%. The firm had revenue of $8.95 billion during the quarter. 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. As a group, analysts anticipate that Honeywell International will post 10.34 earnings per share for the current year.

Institutional Trading of Honeywell International

A number of institutional investors and hedge funds have recently modified their holdings of HON. Brighton Jones LLC lifted its holdings in Honeywell International by 9.1% in the 4th quarter. Brighton Jones LLC now owns 19,047 shares of the conglomerate’s stock valued at $4,302,000 after purchasing an additional 1,582 shares in the last quarter. Samalin Investment Counsel LLC lifted its stake in shares of Honeywell International by 17.8% in the first quarter. Samalin Investment Counsel LLC now owns 2,503 shares of the conglomerate’s stock worth $530,000 after buying an additional 379 shares in the last quarter. Ieq Capital LLC lifted its stake in shares of Honeywell International by 1.5% in the first quarter. Ieq Capital LLC now owns 24,859 shares of the conglomerate’s stock worth $5,264,000 after buying an additional 369 shares in the last quarter. Triad Wealth Partners LLC boosted its position in Honeywell International by 2.7% during the first quarter. Triad Wealth Partners LLC now owns 2,495 shares of the conglomerate’s stock worth $528,000 after acquiring an additional 65 shares during the last quarter. Finally, Coalescence Partners Investment Management LP acquired a new position in Honeywell International during the first quarter worth about $17,986,000. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Honeywell International Company Profile

Honeywell International Inc is a diversified, publicly traded multinational conglomerate (NASDAQ: HON) that designs and manufactures a wide range of commercial and consumer products, engineering services and aerospace systems. The company operates through major business platforms that historically include Aerospace; Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. Its portfolio spans avionics and propulsion systems, building controls and HVAC equipment, process technologies and advanced materials, industrial automation software, and personal protective equipment and scanning solutions.

Honeywell’s aerospace business supplies aircraft manufacturers and operators with engines and auxiliary power units, avionics, flight safety systems and aftermarket services.