Barclays Cuts Honeywell International (NASDAQ:HON) Price Target to $251.00

Honeywell International (NASDAQ:HON) had its price objective reduced by Barclays from $260.00 to $251.00 in a report released on Monday morning,Benzinga reports. They currently have an overweight rating on the conglomerate’s stock.

A number of other equities research analysts have also recently commented on the stock. Baird R W cut shares of Honeywell International from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 25th. UBS Group restated a “buy” rating and set a $298.00 price target (up previously from $215.00) on shares of Honeywell International in a research report on Wednesday, November 13th. JPMorgan Chase & Co. decreased their price objective on shares of Honeywell International from $233.00 to $231.00 and set a “neutral” rating for the company in a research report on Wednesday, January 15th. Bank of America raised their target price on Honeywell International from $220.00 to $240.00 and gave the company a “neutral” rating in a research report on Thursday, November 14th. Finally, Royal Bank of Canada reduced their price target on Honeywell International from $253.00 to $236.00 and set a “sector perform” rating for the company in a report on Friday, February 7th. Ten equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Honeywell International has an average rating of “Moderate Buy” and an average target price of $248.71.

Honeywell International Trading Down 0.9 %

Shares of Honeywell International stock opened at $205.01 on Monday. The stock has a market cap of $133.31 billion, a PE ratio of 23.54, a price-to-earnings-growth ratio of 2.55 and a beta of 1.05. The firm has a fifty day moving average price of $223.69 and a 200 day moving average price of $215.18. Honeywell International has a 1 year low of $189.75 and a 1 year high of $242.77. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.31 and a quick ratio of 1.12.

Honeywell International (NASDAQ:HON) last released its quarterly earnings data on Thursday, February 6th. The conglomerate reported $2.47 earnings per share for the quarter, beating analysts’ consensus estimates of $2.37 by $0.10. Honeywell International had a return on equity of 35.78% and a net margin of 14.82%. Equities research analysts predict that Honeywell International will post 10.3 earnings per share for the current year.

Insider Buying and Selling

In related news, VP Anne T. Madden sold 28,885 shares of the business’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $207.89, for a total transaction of $6,004,902.65. Following the transaction, the vice president now directly owns 41,580 shares in the company, valued at approximately $8,644,066.20. The trade was a 40.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.41% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Valmark Advisers Inc. boosted its position in shares of Honeywell International by 1.0% during 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 in the last quarter. ZWJ Investment Counsel Inc. lifted its stake in shares of Honeywell International by 3.4% in the fourth quarter. ZWJ Investment Counsel Inc. now owns 1,448 shares of the conglomerate’s stock valued at $327,000 after purchasing an additional 47 shares during the period. Saxony Capital Management LLC boosted its holdings in Honeywell International by 4.0% during the fourth quarter. Saxony Capital Management LLC now owns 1,225 shares of the conglomerate’s stock worth $277,000 after buying an additional 47 shares in the last quarter. Magnus Financial Group LLC grew its position in Honeywell International by 0.5% during the fourth quarter. Magnus Financial Group LLC now owns 8,936 shares of the conglomerate’s stock worth $2,019,000 after buying an additional 48 shares during the period. Finally, Absher Wealth Management LLC increased its holdings in Honeywell International by 2.5% in the third quarter. Absher Wealth Management LLC now owns 1,999 shares of the conglomerate’s stock valued at $413,000 after buying an additional 49 shares in the last quarter. 75.91% of the stock is owned by hedge funds and other institutional investors.

About Honeywell International

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.