Honeywell International (NASDAQ:HON) Given “Sector Perform” Rating at Royal Bank of Canada

Honeywell International (NASDAQ:HON)‘s stock had its “sector perform” rating reiterated by investment analysts at Royal Bank of Canada in a research note issued to investors on Thursday, Benzinga reports. They currently have a $214.00 target price on the conglomerate’s stock. Royal Bank of Canada’s price objective would indicate a potential upside of 3.07% from the stock’s previous close.

A number of other equities analysts also recently weighed in on the stock. Wells Fargo & Company cut their price target on shares of Honeywell International from $220.00 to $215.00 and set an “equal weight” rating on the stock in a research note on Friday, July 26th. Morgan Stanley initiated coverage on shares of Honeywell International in a research note on Friday, September 6th. They set an “equal weight” rating and a $210.00 price target on the stock. UBS Group raised shares of Honeywell International from a “sell” rating to a “neutral” rating and raised their target price for the company from $175.00 to $215.00 in a research note on Monday, June 10th. StockNews.com downgraded shares of Honeywell International from a “buy” rating to a “hold” rating in a research note on Friday, August 30th. Finally, Daiwa America raised shares of Honeywell International to a “moderate buy” rating in a research note on Wednesday, June 5th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $223.13.

Honeywell International Stock Up 0.3 %

Shares of NASDAQ HON opened at $207.63 on Thursday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.91 and a current ratio of 1.21. The firm has a market cap of $135.21 billion, a P/E ratio of 24.06, a price-to-earnings-growth ratio of 2.32 and a beta of 1.03. Honeywell International has a 1 year low of $174.88 and a 1 year high of $220.79. The firm’s 50 day moving average price is $203.52 and its 200 day moving average price is $203.57.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings results on Thursday, July 25th. The conglomerate reported $2.49 earnings per share for the quarter, topping analysts’ consensus estimates of $2.42 by $0.07. The company had revenue of $9.58 billion for the quarter, compared to the consensus estimate of $9.41 billion. Honeywell International had a net margin of 15.49% and a return on equity of 36.87%. Honeywell International’s revenue was up 4.7% on a year-over-year basis. During the same quarter last year, the firm posted $2.23 earnings per share. As a group, sell-side analysts anticipate that Honeywell International will post 10.11 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. LGT Group Foundation acquired a new position in Honeywell International during the 1st quarter worth $26,000. Scarborough Advisors LLC acquired a new position in Honeywell International during the 4th quarter worth $27,000. Richardson Capital Management LLC acquired a new position in Honeywell International during the 1st quarter worth $35,000. Financial Connections Group Inc. acquired a new position in shares of Honeywell International in the 2nd quarter valued at about $38,000. Finally, Pathway Financial Advisers LLC acquired a new position in shares of Honeywell International in the 1st quarter valued at about $39,000. 75.91% of the stock is owned by institutional investors and hedge funds.

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.