Honeywell International (NASDAQ:HON) Price Target Raised to $217.00

Honeywell International (NASDAQ:HON) had its target price hoisted by Morgan Stanley from $210.00 to $217.00 in a research note issued to investors on Tuesday morning,Benzinga reports. Morgan Stanley currently has an equal weight rating on the conglomerate’s stock.

A number of other research firms also recently weighed in on HON. Royal Bank of Canada reduced their price target on shares of Honeywell International from $253.00 to $236.00 and set a “sector perform” rating on the stock in a research note on Friday, February 7th. Jefferies Financial Group raised their price target on shares of Honeywell International from $220.00 to $260.00 and gave the company a “hold” rating in a research note on Tuesday, December 17th. HSBC upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 price target on the stock in a research note on Wednesday, December 11th. JPMorgan Chase & Co. reduced their price target on shares of Honeywell International from $233.00 to $231.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 15th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and raised their price target for the company from $236.00 to $260.00 in a research note on Friday, February 7th. Ten research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Honeywell International presently has an average rating of “Moderate Buy” and a consensus target price of $248.71.

Honeywell International Price Performance

HON stock opened at $205.27 on Tuesday. The company has a quick ratio of 1.12, a current ratio of 1.31 and a debt-to-equity ratio of 1.33. Honeywell International has a 12 month low of $189.75 and a 12 month high of $242.77. The firm has a market cap of $133.48 billion, a P/E ratio of 23.57, a P/E/G ratio of 2.55 and a beta of 1.05. The company’s 50-day moving average price is $223.20 and its two-hundred day moving average price is $215.11.

Honeywell International (NASDAQ:HON) last released its earnings results on Thursday, February 6th. The conglomerate reported $2.47 EPS for the quarter, beating the consensus estimate of $2.37 by $0.10. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. On average, analysts anticipate that Honeywell International will post 10.3 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Honeywell International news, VP Anne T. Madden sold 28,885 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $207.89, for a total transaction of $6,004,902.65. Following the completion of the transaction, the vice president now owns 41,580 shares in the company, valued at approximately $8,644,066.20. This trade represents a 40.99 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.41% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Exchange Traded Concepts LLC increased its stake in shares of Honeywell International by 112.1% in the 3rd quarter. Exchange Traded Concepts LLC now owns 4,711 shares of the conglomerate’s stock valued at $974,000 after acquiring an additional 2,490 shares in the last quarter. Paladin Wealth LLC bought a new stake in shares of Honeywell International in the 3rd quarter valued at $150,000. Stablepoint Partners LLC increased its stake in shares of Honeywell International by 10.5% in the 3rd quarter. Stablepoint Partners LLC now owns 1,814 shares of the conglomerate’s stock valued at $375,000 after acquiring an additional 172 shares in the last quarter. Wedge Capital Management L L P NC increased its stake in shares of Honeywell International by 4.5% in the 3rd quarter. Wedge Capital Management L L P NC now owns 1,226 shares of the conglomerate’s stock valued at $253,000 after acquiring an additional 53 shares in the last quarter. Finally, CX Institutional increased its stake in shares of Honeywell International by 589.6% in the 3rd quarter. CX Institutional now owns 46,509 shares of the conglomerate’s stock valued at $9,614,000 after acquiring an additional 39,765 shares in the last quarter. Institutional investors 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.