Barclays Cuts Honeywell International (NASDAQ:HON) Price Target to $247.00

Honeywell International (NASDAQ:HON) had its price target reduced by stock analysts at Barclays from $251.00 to $247.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the conglomerate’s stock. Barclays‘s target price suggests a potential upside of 15.23% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the stock. The Goldman Sachs Group upped their price objective on shares of Honeywell International from $227.00 to $256.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. JPMorgan Chase & Co. lowered their price objective on Honeywell International from $233.00 to $231.00 and set a “neutral” rating on the stock in a report on Wednesday, January 15th. Jefferies Financial Group raised their price objective on Honeywell International from $220.00 to $260.00 and gave the company a “hold” rating in a research note on Tuesday, December 17th. Deutsche Bank Aktiengesellschaft upgraded Honeywell International from a “hold” rating to a “buy” rating and increased their price target for the company from $236.00 to $260.00 in a report on Friday, February 7th. Finally, StockNews.com lowered shares of Honeywell International from a “buy” rating to a “hold” rating in a research report on Monday, December 23rd. Ten analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Honeywell International presently has a consensus rating of “Hold” and an average price target of $249.08.

Honeywell International Stock Performance

Shares of NASDAQ HON opened at $214.35 on Wednesday. Honeywell International has a one year low of $189.75 and a one year high of $242.77. The business’s 50-day moving average price is $213.75 and its two-hundred day moving average price is $216.85. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.31 and a quick ratio of 1.01. The company has a market capitalization of $139.31 billion, a P/E ratio of 24.53, a price-to-earnings-growth ratio of 2.51 and a beta of 1.08.

Honeywell International (NASDAQ:HON) last released its quarterly earnings data on Thursday, February 6th. The conglomerate reported $2.47 EPS for the quarter, topping analysts’ consensus estimates of $2.37 by $0.10. Honeywell International had a return on equity of 35.78% and a net margin of 14.82%. Analysts anticipate that Honeywell International will post 10.34 earnings per share for the current fiscal year.

Insider Transactions at Honeywell International

In other news, VP Anne T. Madden sold 28,885 shares of the firm’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $207.89, for a total transaction of $6,004,902.65. Following the completion of the transaction, the vice president now directly owns 41,580 shares of the company’s stock, valued at approximately $8,644,066.20. This trade represents a 40.99 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.41% of the stock is owned by insiders.

Institutional Trading of Honeywell International

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Baldwin Wealth Partners LLC MA grew its stake 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 purchasing an additional 2,611 shares during the period. Coordinated Financial Services Inc. acquired a new stake in Honeywell International in the 4th quarter valued at $361,000. Costello Asset Management INC acquired a new position in Honeywell International during the fourth quarter worth $3,092,000. Raymond James Financial Inc. acquired a new stake in shares of Honeywell International in the 4th quarter valued at $435,786,000. Finally, Dynasty Wealth Management LLC grew its holdings in shares of Honeywell International by 52.1% in the 4th quarter. Dynasty Wealth Management LLC now owns 11,330 shares of the conglomerate’s stock worth $2,559,000 after purchasing an additional 3,879 shares during 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.