StockNews.com Downgrades Honeywell International (NASDAQ:HON) to Hold

Honeywell International (NASDAQ:HON) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Monday.

Other analysts have also recently issued research reports about the stock. Bank of America boosted their price target on shares of Honeywell International from $220.00 to $240.00 and gave the stock a “neutral” rating in a research note on Thursday, November 14th. Barclays upped their target price on shares of Honeywell International from $252.00 to $260.00 and gave the company an “overweight” rating in a research report on Thursday. Wells Fargo & Company upped their target price on shares of Honeywell International from $215.00 to $254.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 13th. 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. Finally, JPMorgan Chase & Co. cut their price target 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. Ten analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Honeywell International currently has an average rating of “Hold” and a consensus price target of $244.36.

Honeywell International Stock Performance

Shares of HON stock traded down $1.29 during mid-day trading on Monday, reaching $225.09. 2,526,155 shares of the company’s stock traded hands, compared to its average volume of 3,138,132. The firm has a market capitalization of $146.36 billion, a PE ratio of 25.99, a price-to-earnings-growth ratio of 2.82 and a beta of 1.05. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.12 and a current ratio of 1.44. The firm has a 50 day moving average price of $219.12 and a two-hundred day moving average price of $211.03. Honeywell International has a 12 month low of $189.66 and a 12 month high of $242.77.

Institutional Investors Weigh In On Honeywell International

A number of large investors have recently modified their holdings of HON. RFG Advisory LLC boosted its stake in Honeywell International by 8.0% during the 2nd quarter. RFG Advisory LLC now owns 3,700 shares of the conglomerate’s stock worth $790,000 after purchasing an additional 275 shares during the period. Maia Wealth LLC acquired a new stake in shares of Honeywell International in the 2nd quarter worth $230,000. ORG Partners LLC lifted its stake in shares of Honeywell International by 783.4% in the 2nd quarter. ORG Partners LLC now owns 6,776 shares of the conglomerate’s stock worth $1,430,000 after acquiring an additional 6,009 shares during the period. Addenda Capital Inc. lifted its stake in shares of Honeywell International by 8.0% in the 2nd quarter. Addenda Capital Inc. now owns 48,498 shares of the conglomerate’s stock worth $10,356,000 after acquiring an additional 3,604 shares during the period. Finally, GPS Wealth Strategies Group LLC lifted its stake in shares of Honeywell International by 14.9% in the second quarter. GPS Wealth Strategies Group LLC now owns 1,924 shares of the conglomerate’s stock valued at $411,000 after purchasing an additional 249 shares during the period. 75.91% of the stock is owned by hedge funds and other 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.