Honeywell International (NASDAQ:HON) Given New $253.00 Price Target at Royal Bank of Canada

Honeywell International (NASDAQ:HON) had its price objective increased by analysts at Royal Bank of Canada from $213.00 to $253.00 in a report released on Wednesday,Benzinga reports. The firm currently has a “sector perform” rating on the conglomerate’s stock. Royal Bank of Canada’s price target would indicate a potential upside of 7.54% from the stock’s previous close.

Other research analysts have also recently issued reports about the stock. Barclays lowered their price target on shares of Honeywell International from $232.00 to $229.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. Robert W. Baird cut shares of 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. JPMorgan Chase & Co. lowered their target price on shares of Honeywell International from $235.00 to $233.00 and set a “neutral” rating on the stock in a report on Friday, October 25th. StockNews.com raised shares of Honeywell International from a “hold” rating to a “buy” rating in a report on Sunday, November 3rd. Finally, Wells Fargo & Company raised their target price on shares of Honeywell International from $207.00 to $215.00 and gave the stock an “equal weight” rating in a report on Friday, October 25th. Ten research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $227.36.

Honeywell International Stock Performance

Honeywell International stock traded up $1.36 during trading hours on Wednesday, hitting $235.27. The company had a trading volume of 424,555 shares, compared to its average volume of 3,073,742. The firm has a market cap of $152.98 billion, a PE ratio of 27.14, a PEG ratio of 2.68 and a beta of 1.03. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.44 and a quick ratio of 1.12. Honeywell International has a one year low of $188.65 and a one year high of $242.77. The firm has a 50-day moving average of $209.67 and a 200 day moving average of $207.16.

Institutional Investors Weigh In On Honeywell International

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD increased its stake in Honeywell International by 22.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 9,587,718 shares of the conglomerate’s stock valued at $1,967,880,000 after purchasing an additional 1,746,759 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Honeywell International by 3.9% during the second quarter. Ameriprise Financial Inc. now owns 8,365,840 shares of the conglomerate’s stock valued at $1,786,449,000 after buying an additional 310,807 shares during the last quarter. Legal & General Group Plc grew its holdings in shares of Honeywell International by 0.9% during the second quarter. Legal & General Group Plc now owns 4,910,551 shares of the conglomerate’s stock valued at $1,048,600,000 after buying an additional 42,305 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Honeywell International by 1.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,784,199 shares of the conglomerate’s stock valued at $782,232,000 after buying an additional 42,287 shares during the last quarter. Finally, Capital Research Global Investors grew its holdings in shares of Honeywell International by 6.7% during the first quarter. Capital Research Global Investors now owns 3,402,252 shares of the conglomerate’s stock valued at $698,312,000 after buying an additional 212,327 shares during the last quarter. 75.91% of the stock is owned by institutional investors.

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.