Honeywell International (NASDAQ:HON) Upgraded by HSBC to Buy Rating

Honeywell International (NASDAQ:HON) was upgraded by stock analysts at HSBC from a “hold” rating to a “buy” rating in a report released on Wednesday, Marketbeat.com reports. The firm currently has a $290.00 price target on the conglomerate’s stock. HSBC’s price objective would indicate a potential upside of 26.59% from the stock’s current price.

Other equities analysts have also recently issued reports about the company. 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. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $253.00 target price on shares of Honeywell International in a research note on Tuesday, December 3rd. Robert W. Baird cut shares of Honeywell International from an “outperform” rating to a “neutral” rating and cut their price target for the stock from $223.00 to $217.00 in a research note on Friday, October 25th. Barclays raised their price objective on shares of Honeywell International from $252.00 to $260.00 and gave the company an “overweight” rating in a research report on Thursday, December 5th. Finally, Baird R W lowered shares of Honeywell International from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 25th. Ten research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $248.17.

Honeywell International Stock Performance

Shares of HON opened at $229.08 on Wednesday. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.12 and a current ratio of 1.44. The stock has a market capitalization of $148.96 billion, a price-to-earnings ratio of 26.45, a price-to-earnings-growth ratio of 2.82 and a beta of 1.05. Honeywell International has a 52-week low of $189.66 and a 52-week high of $242.77. The stock’s 50-day simple moving average is $219.12 and its 200 day simple moving average is $211.03.

Hedge Funds Weigh In On Honeywell International

Institutional investors and hedge funds have recently made changes to their positions in the business. Capital Wealth Planning LLC purchased a new position in Honeywell International in the 2nd quarter worth approximately $392,478,000. Wellington Management Group LLP increased its holdings in shares of Honeywell International by 8.4% in the 3rd quarter. Wellington Management Group LLP now owns 17,826,700 shares of the conglomerate’s stock worth $3,684,957,000 after purchasing an additional 1,376,479 shares in the last quarter. International Assets Investment Management LLC raised its stake in shares of Honeywell International by 24,683.3% in the third quarter. International Assets Investment Management LLC now owns 948,704 shares of the conglomerate’s stock worth $1,961,070,000 after purchasing an additional 944,876 shares during the last quarter. Mizuho Securities USA LLC lifted its holdings in shares of Honeywell International by 1,147.0% during the third 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. Finally, Geode Capital Management LLC increased 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 worth $2,959,535,000 after buying an additional 547,998 shares in the last quarter. 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.