Honeywell International (NASDAQ:HON) Stock Price Expected to Rise, Barclays Analyst Says

Honeywell International (NASDAQ:HON) had its price objective upped by analysts at Barclays from $229.00 to $252.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has an “overweight” rating on the conglomerate’s stock. Barclays‘s price objective would indicate a potential upside of 7.92% from the stock’s previous close.

Other equities analysts also recently issued reports about the stock. JPMorgan Chase & Co. reduced their target price on shares of Honeywell International from $235.00 to $233.00 and set a “neutral” rating on the stock in a research note on Friday, October 25th. Citigroup lowered their price target on Honeywell International from $248.00 to $244.00 and set a “buy” rating for the company in a report on Friday, October 25th. Robert W. Baird cut shares of 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. Wells Fargo & Company lifted their price objective on Honeywell International from $207.00 to $215.00 and gave the company an “equal weight” rating in a research note on Friday, October 25th. Finally, Royal Bank of Canada lifted their price objective on shares of Honeywell International from $213.00 to $253.00 and gave the company a “sector perform” rating in a report on Wednesday. Ten research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Honeywell International presently has an average rating of “Hold” and a consensus price target of $229.45.

Honeywell International Price Performance

Shares of NASDAQ:HON traded down $0.41 during midday trading on Wednesday, reaching $233.50. 1,649,506 shares of the company’s stock traded hands, compared to its average volume of 3,078,857. The company has a market cap of $151.83 billion, a P/E ratio of 27.04, a PEG ratio of 2.68 and a beta of 1.03. The company has a fifty day simple moving average of $209.67 and a two-hundred day simple moving average of $207.16. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.12 and a current ratio of 1.44. Honeywell International has a 1 year low of $188.65 and a 1 year high of $242.77.

Institutional Trading of Honeywell International

Several large investors have recently modified their holdings of HON. LGT Group Foundation purchased a new stake in Honeywell International during the first quarter worth approximately $26,000. Reston Wealth Management LLC acquired a new position in shares of Honeywell International in the 3rd quarter worth approximately $29,000. Planning Capital Management Corp increased its holdings in shares of Honeywell International by 96.4% in the 3rd quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock valued at $34,000 after acquiring an additional 81 shares during the last quarter. Financial Connections Group Inc. acquired a new stake in Honeywell International during the second quarter worth about $38,000. Finally, Pathway Financial Advisers LLC bought a new position in Honeywell International in the first quarter worth about $39,000. 75.91% of the stock is currently owned by institutional investors and hedge funds.

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.