Honeywell International (NASDAQ:HON) Upgraded at Wall Street Zen

by · The Markets Daily

Wall Street Zen upgraded shares of Honeywell International (NASDAQ:HON – Free Report) to a hold rating in a research note issued to investors on Saturday morning.

Other research analysts also recently issued reports about the company. Royal Bank Of Canada raised Honeywell International from a “sector perform” rating to an “outperform” rating and lifted their target price for the stock from $235.00 to $253.00 in a report on Monday, October 27th. Evercore ISI initiated coverage on Honeywell International in a research report on Monday, December 15th. They set an “outperform” rating and a $255.00 price objective for the company. TD Cowen reduced their target price on Honeywell International from $250.00 to $240.00 and set a “buy” rating on the stock in a report on Monday, November 10th. BNP Paribas raised shares of Honeywell International to a “hold” rating in a research report on Wednesday, December 3rd. Finally, Jefferies Financial Group dropped their price target on shares of Honeywell International from $230.00 to $220.00 in a research report on Monday, November 3rd. Nine research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $234.30.

Check Out Our Latest Report on HON

Honeywell International Stock Performance

Honeywell International stock opened at $201.09 on Friday. The business has a 50 day moving average of $195.85 and a 200-day moving average of $211.10. The company has a market capitalization of $127.67 billion, a P/E ratio of 21.19, a P/E/G ratio of 2.62 and a beta of 0.95. Honeywell International has a 1 year low of $169.21 and a 1 year high of $228.04. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.36 and a quick ratio of 1.04.

Honeywell International (NASDAQ:HON – Get Free Report) last posted its earnings results on Monday, December 11th. The conglomerate reported $2.25 earnings per share 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 for 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. On average, equities research analysts predict that Honeywell International will post 10.34 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of HON. Holos Integrated Wealth LLC bought a new stake in Honeywell International in the fourth quarter valued at $25,000. Chung Wu Investment Group LLC acquired a new stake in shares of Honeywell International in the 2nd quarter valued at about $26,000. Barnes Dennig Private Wealth Management LLC increased its position in Honeywell International by 491.7% in the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 142 shares of the conglomerate’s stock valued at $30,000 after buying an additional 118 shares in the last quarter. JPL Wealth Management LLC acquired a new position in Honeywell International during the 3rd quarter worth approximately $31,000. Finally, RMG Wealth Management LLC bought a new position in Honeywell International in the second quarter worth approximately $33,000. Institutional investors and hedge funds own 75.91% of the company’s stock.

Honeywell International Company Profile

(Get Free Report)

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.

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