Honeywell International Inc. (NASDAQ:HON) Receives Average Rating of “Hold” from Analysts

Shares of Honeywell International Inc. (NASDAQ:HON) have received an average recommendation of “Hold” from the seventeen ratings firms that are presently covering the stock, Marketbeat reports. Ten equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $248.29.

A number of brokerages recently commented on HON. Citigroup dropped their price objective on shares of Honeywell International from $268.00 to $266.00 and set a “buy” rating on the stock in a report on Monday, January 13th. Wolfe Research lowered shares of Honeywell International from an “outperform” rating to a “peer perform” rating in a report on Monday, October 28th. Bank of America raised their target price on shares of Honeywell International from $220.00 to $240.00 and gave the company a “neutral” rating in a research report on Thursday, November 14th. Jefferies Financial Group raised their target price on shares of Honeywell International from $220.00 to $260.00 and gave the company a “hold” rating in a research report on Tuesday, December 17th. Finally, Robert W. Baird downgraded shares of Honeywell International from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from $223.00 to $217.00 in a research report on Friday, October 25th.

Honeywell International Trading Down 0.0 %

Shares of NASDAQ:HON opened at $222.58 on Tuesday. Honeywell International has a 12 month low of $189.66 and a 12 month high of $242.77. The company has a quick ratio of 1.12, a current ratio of 1.44 and a debt-to-equity ratio of 1.44. The company’s fifty day simple moving average is $227.06 and its 200 day simple moving average is $214.44. The firm has a market cap of $144.73 billion, a price-to-earnings ratio of 25.70, a PEG ratio of 2.40 and a beta of 1.06.

Institutional Trading of Honeywell International

Several hedge funds and other institutional investors have recently modified their holdings of HON. Acadian Asset Management LLC raised its stake in Honeywell International by 36.7% in the 2nd quarter. Acadian Asset Management LLC now owns 5,870 shares of the conglomerate’s stock worth $1,252,000 after purchasing an additional 1,575 shares in the last quarter. Headlands Technologies LLC acquired a new stake in Honeywell International in the 2nd quarter worth about $121,000. Envestnet Asset Management Inc. raised its stake in Honeywell International by 7.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,057,508 shares of the conglomerate’s stock worth $225,820,000 after purchasing an additional 71,378 shares in the last quarter. Brown Brothers Harriman & Co. raised its stake in Honeywell International by 4.3% in the 2nd quarter. Brown Brothers Harriman & Co. now owns 18,463 shares of the conglomerate’s stock worth $3,943,000 after purchasing an additional 760 shares in the last quarter. Finally, Fairfield Financial Advisors LTD acquired a new stake in Honeywell International in the 2nd quarter worth about $61,000. 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.