Honeywell International (NYSE:HON) Price Target Raised to $199.00

Honeywell International (NYSE:HON) had its price objective increased by analysts at Deutsche Bank from $189.00 to $199.00 in a report issued on Wednesday, BenzingaRatingsTable reports. The firm presently has a “buy” rating on the conglomerate’s stock. Deutsche Bank’s price objective indicates a potential upside of 14.36% from the company’s previous close.

A number of other equities research analysts also recently weighed in on the stock. Bank of America lifted their price target on shares of Honeywell International from $185.00 to $203.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Zacks Investment Research upgraded shares of Honeywell International from a “sell” rating to a “hold” rating and set a $174.00 price objective for the company in a research note on Monday, October 21st. Cowen set a $180.00 price objective on shares of Honeywell International and gave the stock a “buy” rating in a report on Friday, October 18th. ValuEngine lowered shares of Honeywell International from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Finally, William Blair reiterated a “hold” rating on shares of Honeywell International in a research report on Monday, November 25th. Five analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. Honeywell International has a consensus rating of “Buy” and an average target price of $188.45.

Shares of NYSE:HON opened at $174.01 on Wednesday. Honeywell International has a 1-year low of $123.48 and a 1-year high of $183.12. The firm has a market capitalization of $127.58 billion, a PE ratio of 21.72, a PEG ratio of 2.39 and a beta of 1.10. The business’s 50 day moving average is $175.63 and its 200-day moving average is $170.51. The company has a current ratio of 1.32, a quick ratio of 1.08 and a debt-to-equity ratio of 0.61.

Honeywell International (NYSE:HON) last released its quarterly earnings data on Thursday, October 17th. The conglomerate reported $2.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.01 by $0.07. The business had revenue of $9.09 billion for the quarter, compared to analysts’ expectations of $9.12 billion. Honeywell International had a return on equity of 32.01% and a net margin of 17.06%. Honeywell International’s quarterly revenue was down 15.6% on a year-over-year basis. During the same period in the previous year, the business posted $2.03 earnings per share. On average, sell-side analysts predict that Honeywell International will post 8.14 EPS for the current year.

A number of large investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in Honeywell International by 0.6% during the 2nd quarter. Vanguard Group Inc. now owns 54,098,206 shares of the conglomerate’s stock valued at $9,445,005,000 after purchasing an additional 345,840 shares during the last quarter. BlackRock Inc. boosted its position in Honeywell International by 3.7% in the second quarter. BlackRock Inc. now owns 44,949,545 shares of the conglomerate’s stock valued at $7,847,743,000 after buying an additional 1,623,768 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Honeywell International by 0.8% during the second quarter. Bank of New York Mellon Corp now owns 9,629,620 shares of the conglomerate’s stock worth $1,681,236,000 after buying an additional 81,005 shares during the last quarter. Nuveen Asset Management LLC grew its stake in Honeywell International by 10,615.4% during the second quarter. Nuveen Asset Management LLC now owns 9,053,437 shares of the conglomerate’s stock worth $1,580,640,000 after buying an additional 8,968,947 shares during the last quarter. Finally, Northern Trust Corp grew its stake in Honeywell International by 1.1% during the second quarter. Northern Trust Corp now owns 8,808,020 shares of the conglomerate’s stock worth $1,537,793,000 after buying an additional 94,489 shares during the last quarter. Hedge funds and other institutional investors own 75.61% of the company’s stock.

Honeywell International Company Profile

Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. Its Aerospace segment supplies products, software, and services for aircrafts and vehicles. This 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 connected solutions and data services for the aftermarket, as well as provides wireless connectivity and management and technical services.

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