Royal Bank of Canada Lowers Honeywell International (NASDAQ:HON) Price Target to $236.00

Honeywell International (NASDAQ:HON) had its price objective cut by equities researchers at Royal Bank of Canada from $253.00 to $236.00 in a report issued on Friday,Benzinga reports. The firm presently has a “sector perform” rating on the conglomerate’s stock. Royal Bank of Canada’s target price would suggest a potential upside of 14.44% from the company’s previous close.

A number of other analysts have also commented on the stock. 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 note on Wednesday, November 13th. Baird R W lowered shares of Honeywell International from a “strong-buy” rating to a “hold” rating in a report on Friday, October 25th. Deutsche Bank Aktiengesellschaft upgraded Honeywell International from a “hold” rating to a “buy” rating and upped their price objective for the stock from $236.00 to $260.00 in a report on Friday. StockNews.com cut Honeywell International from a “buy” rating to a “hold” rating in a research note on Monday, December 23rd. Finally, Wolfe Research cut 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 assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $248.86.

Honeywell International Stock Down 1.7 %

NASDAQ HON traded down $3.60 during trading on Friday, hitting $206.22. The stock had a trading volume of 3,954,879 shares, compared to its average volume of 3,893,864. 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 company’s 50-day moving average price is $225.07 and its two-hundred day moving average price is $215.19. Honeywell International has a 12 month low of $189.75 and a 12 month high of $242.77. The company has a market capitalization of $134.09 billion, a PE ratio of 23.82, a P/E/G ratio of 2.57 and a beta of 1.05.

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 the consensus estimate of $2.37 by $0.10. Honeywell International had a return on equity of 37.77% and a net margin of 15.02%. As a group, sell-side analysts forecast that Honeywell International will post 9.78 EPS for the current year.

Hedge Funds Weigh In On Honeywell International

A number of institutional investors and hedge funds have recently modified their holdings of HON. Baldwin Wealth Partners LLC MA grew its position in shares of Honeywell International by 4.0% in the 4th quarter. Baldwin Wealth Partners LLC MA now owns 67,303 shares of the conglomerate’s stock valued at $15,203,000 after buying an additional 2,611 shares during the last quarter. Costello Asset Management INC acquired a new stake in shares of Honeywell International during the fourth quarter worth about $3,092,000. RIA Advisory Group LLC purchased a new stake in shares of Honeywell International in the 3rd quarter valued at about $6,124,000. Copley Financial Group Inc. purchased a new position in Honeywell International during the 3rd quarter worth approximately $454,000. Finally, Sargent Investment Group LLC increased its position in Honeywell International by 268.6% during the fourth quarter. Sargent Investment Group LLC now owns 5,602 shares of the conglomerate’s stock worth $1,227,000 after buying an additional 4,082 shares during the period. Institutional investors and hedge funds own 75.91% of the company’s stock.

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.