Honeywell International Inc. (NASDAQ:HON - Get Free Report) has received an average recommendation of "Moderate Buy" from the seventeen analysts that are currently covering the company, MarketBeat.com reports. Nine analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $248.86.
A number of brokerages have weighed in on HON. Robert W. Baird downgraded Honeywell International from an "outperform" rating to a "neutral" rating and lowered their target price for the stock from $223.00 to $217.00 in a report on Friday, October 25th. Deutsche Bank Aktiengesellschaft raised Honeywell International from a "hold" rating to a "buy" rating and boosted their target price for the company from $236.00 to $260.00 in a research report on Friday. UBS Group reissued a "buy" rating and issued a $298.00 price objective (up previously from $215.00) on shares of Honeywell International in a research note on Wednesday, November 13th. HSBC raised Honeywell International from a "hold" rating to a "buy" rating and set a $290.00 target price on the stock in a research report on Wednesday, December 11th. Finally, Hsbc Global Res raised shares of Honeywell International to a "strong-buy" rating in a research report on Wednesday, December 11th.
Get Our Latest Analysis on Honeywell International
Hedge funds and other institutional investors have recently bought and sold shares of the company. Valmark Advisers Inc. lifted its stake in shares of Honeywell International by 1.0% in the 4th quarter. Valmark Advisers Inc. now owns 4,641 shares of the conglomerate's stock worth $1,048,000 after purchasing an additional 45 shares during the period. ZWJ Investment Counsel Inc. increased its holdings in Honeywell International by 3.4% during the fourth quarter. ZWJ Investment Counsel Inc. now owns 1,448 shares of the conglomerate's stock valued at $327,000 after buying an additional 47 shares during the last quarter. Saxony Capital Management LLC raised its position in Honeywell International by 4.0% in the fourth quarter. Saxony Capital Management LLC now owns 1,225 shares of the conglomerate's stock worth $277,000 after acquiring an additional 47 shares during the period. Magnus Financial Group LLC grew its position in shares of Honeywell International by 0.5% during the 4th quarter. Magnus Financial Group LLC now owns 8,936 shares of the conglomerate's stock valued at $2,019,000 after acquiring an additional 48 shares during the period. Finally, Absher Wealth Management LLC increased its stake in shares of Honeywell International by 2.5% in the 3rd quarter. Absher Wealth Management LLC now owns 1,999 shares of the conglomerate's stock worth $413,000 after purchasing an additional 49 shares in the last quarter. Institutional investors own 75.91% of the company's stock.
Shares of NASDAQ:HON opened at $205.52 on Friday. Honeywell International has a one year low of $189.75 and a one year high of $242.77. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.44 and a quick ratio of 1.12. The company has a market cap of $133.64 billion, a price-to-earnings ratio of 23.73, a PEG ratio of 2.57 and a beta of 1.05. The firm has a 50 day simple moving average of $225.07 and a 200 day simple moving average of $215.19.
Honeywell International (NASDAQ:HON - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The conglomerate reported $2.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.37 by $0.10. Honeywell International had a net margin of 15.02% and a return on equity of 37.77%. Research analysts predict that Honeywell International will post 9.78 earnings per share for the current fiscal year.
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.
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