Honeywell International (NASDAQ:HON) Given New $260.00 Price Target at Jefferies Financial Group

Honeywell International (NASDAQ:HON) had its target price increased by investment analysts at Jefferies Financial Group from $220.00 to $260.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has a “hold” rating on the conglomerate’s stock. Jefferies Financial Group’s price target points to a potential upside of 14.61% from the stock’s current price.

HON has been the subject of a number of other research reports. JPMorgan Chase & Co. decreased their price objective on shares of Honeywell International from $235.00 to $233.00 and set a “neutral” rating for the company in a research report on Friday, October 25th. Hsbc Global Res upgraded Honeywell International to a “strong-buy” rating in a research report on Wednesday, December 11th. Baird R W cut Honeywell International from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 25th. Robert W. Baird lowered Honeywell International from an “outperform” rating to a “neutral” rating and decreased their target price for the company from $223.00 to $217.00 in a research report on Friday, October 25th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $253.00 price target on shares of Honeywell International in a report on Tuesday, December 3rd. Ten research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $249.57.

Honeywell International Price Performance

Shares of NASDAQ HON opened at $226.86 on Tuesday. 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 firm’s 50 day simple moving average is $222.49 and its 200-day simple moving average is $212.42. Honeywell International has a 12 month low of $189.66 and a 12 month high of $242.77. The stock has a market capitalization of $147.52 billion, a price-to-earnings ratio of 26.20, a PEG ratio of 2.85 and a beta of 1.05.

Hedge Funds Weigh In On Honeywell International

A number of hedge funds have recently modified their holdings of the business. RIA Advisory Group LLC purchased a new position in Honeywell International during the third quarter worth about $6,124,000. Copley Financial Group Inc. purchased a new position in shares of Honeywell International during the 3rd quarter worth approximately $454,000. EP Wealth Advisors LLC increased its holdings in Honeywell International by 4.4% in the 2nd quarter. EP Wealth Advisors LLC now owns 337,380 shares of the conglomerate’s stock valued at $72,044,000 after purchasing an additional 14,271 shares during the last quarter. Rockefeller Capital Management L.P. raised its position in Honeywell International by 2.0% in the third quarter. Rockefeller Capital Management L.P. now owns 639,341 shares of the conglomerate’s stock valued at $132,155,000 after purchasing an additional 12,755 shares during the period. Finally, SteelPeak Wealth LLC boosted its position in shares of Honeywell International by 255.2% during the third quarter. SteelPeak Wealth LLC now owns 73,529 shares of the conglomerate’s stock worth $15,199,000 after buying an additional 52,830 shares during the period. 75.91% of the stock is currently 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.