Honeywell International (NASDAQ:HON) Given New $232.00 Price Target at Barclays

Honeywell International (NASDAQ:HONGet Free Report) had its price objective upped by equities research analysts at Barclays from $230.00 to $232.00 in a report released on Tuesday, Benzinga reports. The firm presently has an “overweight” rating on the conglomerate’s stock. Barclays‘s price objective points to a potential upside of 15.67% from the company’s previous close.

A number of other equities research analysts also recently weighed in on the company. Royal Bank of Canada decreased their price objective on Honeywell International from $210.00 to $209.00 and set a “sector perform” rating on the stock in a report on Friday, February 2nd. Berenberg Bank upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and raised their price objective for the company from $195.00 to $240.00 in a research report on Wednesday, March 6th. Finally, Wells Fargo & Company upped their target price on shares of Honeywell International from $190.00 to $213.00 and gave the stock an “equal weight” rating in a research report on Tuesday, December 19th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Honeywell International presently has an average rating of “Hold” and a consensus price target of $221.11.

Read Our Latest Research Report on HON

Honeywell International Stock Performance

Shares of HON traded down $1.44 on Tuesday, reaching $200.57. 1,168,371 shares of the stock traded hands, compared to its average volume of 3,040,029. The stock’s 50-day moving average price is $199.23 and its 200-day moving average price is $195.42. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.27 and a quick ratio of 0.93. The firm has a market cap of $130.81 billion, a price-to-earnings ratio of 23.68, a P/E/G ratio of 2.31 and a beta of 1.02. Honeywell International has a 12 month low of $174.88 and a 12 month high of $210.87.

Honeywell International (NASDAQ:HONGet Free Report) last announced its quarterly earnings results on Thursday, February 1st. The conglomerate reported $2.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.59 by $0.01. The firm had revenue of $9.44 billion for the quarter, compared to analyst estimates of $9.70 billion. Honeywell International had a net margin of 15.43% and a return on equity of 35.17%. The business’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.52 EPS. Equities analysts forecast that Honeywell International will post 9.96 EPS for the current fiscal year.

Insider Transactions at Honeywell International

In related news, Director Darius Adamczyk sold 25,500 shares of the company’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $197.19, for a total value of $5,028,345.00. Following the transaction, the director now directly owns 183,400 shares in the company, valued at $36,164,646. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.43% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Altshuler Shaham Ltd bought a new stake in shares of Honeywell International during the 4th quarter valued at approximately $27,000. Scarborough Advisors LLC acquired a new position in shares of Honeywell International during the fourth quarter worth $27,000. Point72 Europe London LLP bought a new position in shares of Honeywell International in the 4th quarter valued at $28,000. Cordant Inc. bought a new position in shares of Honeywell International in the 4th quarter valued at $31,000. Finally, Rakuten Securities Inc. acquired a new stake in shares of Honeywell International during the 4th quarter valued at $31,000. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Honeywell International Company Profile

(Get Free Report)

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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