StockNews.com Upgrades Honeywell International (NASDAQ:HON) to Buy

Honeywell International (NASDAQ:HON) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Tuesday.

Several other equities research analysts have also recently issued reports on HON. Morgan Stanley began coverage on Honeywell International in a research note on Friday, September 6th. They issued an “equal weight” rating and a $210.00 price target for the company. Citigroup increased their target price on Honeywell International from $244.00 to $268.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Wells Fargo & Company upped their price objective on shares of Honeywell International from $215.00 to $254.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 13th. Royal Bank of Canada reissued a “sector perform” rating and issued a $253.00 target price on shares of Honeywell International in a report on Tuesday, December 3rd. Finally, Wolfe Research downgraded shares of Honeywell International from an “outperform” rating to a “peer perform” rating in a report on Monday, October 28th. Ten research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $249.57.

Honeywell International Price Performance

Shares of Honeywell International stock opened at $226.86 on Tuesday. The company has a quick ratio of 1.12, a current ratio of 1.44 and a debt-to-equity ratio of 1.44. The stock has a market capitalization of $147.52 billion, a price-to-earnings ratio of 26.20, a price-to-earnings-growth ratio of 2.85 and a beta of 1.05. Honeywell International has a twelve month low of $189.66 and a twelve month high of $242.77. The company has a 50-day simple moving average of $222.49 and a two-hundred day simple moving average of $212.42.

Institutional Trading of Honeywell International

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

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.