Honeywell International (NASDAQ:HON) Price Target Cut to $255.00 by Analysts at Barclays

Honeywell International (NASDAQ:HON) had its price target cut by Barclays from $275.00 to $255.00 in a research note issued to investors on Wednesday,MarketScreener reports. The brokerage presently has an “overweight” rating on the conglomerate’s stock. Barclays‘s price objective would indicate a potential upside of 11.73% from the company’s current price.

HON has been the topic of a number of other reports. Robert W. Baird boosted their price objective on Honeywell International from $220.00 to $240.00 and gave the company a “neutral” rating in a research note on Friday, January 30th. Daiwa Securities Group raised their target price on Honeywell International from $230.00 to $240.00 in a research note on Tuesday, February 3rd. BMO Capital Markets started coverage on Honeywell International in a research note on Friday, March 27th. They issued an “outperform” rating and a $273.00 price target on the stock. Rothschild & Co Redburn increased their price target on Honeywell International from $222.00 to $235.00 and gave the stock a “neutral” rating in a report on Monday, February 2nd. Finally, Wolfe Research raised shares of Honeywell International from a “peer perform” rating to an “outperform” rating and set a $293.00 price target for the company in a research note on Friday, February 27th. Fourteen equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $251.83.

Honeywell International Trading Up 1.0%

Shares of NASDAQ:HON traded up $2.19 during trading on Wednesday, reaching $228.22. The stock had a trading volume of 214,769 shares, compared to its average volume of 4,318,782. Honeywell International has a 52 week low of $169.21 and a 52 week high of $248.18. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.03 and a current ratio of 1.30. The firm’s fifty day moving average is $233.69 and its 200 day moving average is $213.16. The stock has a market cap of $145.08 billion, a price-to-earnings ratio of 28.55, a P/E/G ratio of 3.23 and a beta of 0.92.

Honeywell International (NASDAQ:HON) last announced its earnings results on Thursday, January 29th. The conglomerate reported $2.59 earnings per share for the quarter, topping analysts’ consensus estimates of $2.54 by $0.05. The business had revenue of $10.07 billion during the quarter, compared to the consensus estimate of $9.60 billion. Honeywell International had a net margin of 12.74% and a return on equity of 40.64%. Honeywell International’s quarterly revenue was up 6.4% on a year-over-year basis. During the same quarter last year, the firm earned $2.47 earnings per share. As a group, equities analysts forecast that Honeywell International will post 10.34 EPS for the current fiscal year.

Insider Buying and Selling at Honeywell International

In other Honeywell International news, Director D Scott Davis sold 2,367 shares of the business’s stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $240.00, for a total transaction of $568,080.00. Following the completion of the sale, the director owned 31,081 shares in the company, valued at approximately $7,459,440. The trade was a 7.08% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Robert D. Mailloux sold 5,274 shares of the company’s stock in a transaction on Friday, February 6th. The stock was sold at an average price of $239.00, for a total transaction of $1,260,486.00. Following the transaction, the vice president owned 4,803 shares in the company, valued at approximately $1,147,917. The trade was a 52.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 18,190 shares of company stock valued at $4,244,287. 0.41% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Honeywell International

Large investors have recently added to or reduced their stakes in the business. Verus Capital Partners LLC increased its holdings in Honeywell International by 0.7% during the fourth quarter. Verus Capital Partners LLC now owns 6,658 shares of the conglomerate’s stock worth $1,299,000 after buying an additional 44 shares during the last quarter. Claro Advisors Inc. increased its stake in shares of Honeywell International by 0.3% during the 4th quarter. Claro Advisors Inc. now owns 13,930 shares of the conglomerate’s stock worth $2,718,000 after purchasing an additional 45 shares during the last quarter. FSM Wealth Advisors LLC increased its stake in shares of Honeywell International by 1.1% during the 4th quarter. FSM Wealth Advisors LLC now owns 4,231 shares of the conglomerate’s stock worth $825,000 after purchasing an additional 46 shares during the last quarter. Meridian Financial Partners LLC raised its holdings in shares of Honeywell International by 3.8% in the 4th quarter. Meridian Financial Partners LLC now owns 1,258 shares of the conglomerate’s stock worth $245,000 after purchasing an additional 46 shares during the period. Finally, Nova R Wealth Inc. lifted its stake in Honeywell International by 3.0% in the third quarter. Nova R Wealth Inc. now owns 1,594 shares of the conglomerate’s stock valued at $335,000 after purchasing an additional 47 shares during the last quarter. Institutional investors own 75.91% of the company’s stock.

About Honeywell International

Honeywell International Inc is a diversified, publicly traded multinational conglomerate (NASDAQ: HON) that designs and manufactures a wide range of commercial and consumer products, engineering services and aerospace systems. The company operates through major business platforms that historically include Aerospace; Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. Its portfolio spans avionics and propulsion systems, building controls and HVAC equipment, process technologies and advanced materials, industrial automation software, and personal protective equipment and scanning solutions.

Honeywell’s aerospace business supplies aircraft manufacturers and operators with engines and auxiliary power units, avionics, flight safety systems and aftermarket services.