Honeywell International (NYSE:HON) had its target price increased by analysts at JPMorgan Chase & Co. from $184.00 to $190.00 in a research note issued to investors on Wednesday, The Fly reports. The brokerage presently has an “overweight” rating on the conglomerate’s stock. JPMorgan Chase & Co.‘s price target indicates a potential upside of 5.29% from the stock’s previous close.
Several other brokerages also recently issued reports on HON. Morgan Stanley lowered their price target on Honeywell International from $190.00 to $186.00 and set an “overweight” rating on the stock in a research report on Tuesday. Royal Bank of Canada reaffirmed a “buy” rating and issued a $191.00 price target on shares of Honeywell International in a research report on Wednesday, December 18th. Credit Suisse Group raised Honeywell International from a “neutral” rating to an “outperform” rating in a research report on Friday, January 3rd. UBS Group began coverage on Honeywell International in a research report on Thursday, December 12th. They issued a “neutral” rating and a $192.00 price target on the stock. Finally, Zacks Investment Research raised Honeywell International from a “hold” rating to a “buy” rating and set a $190.00 price target on the stock in a research report on Friday, January 3rd. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Honeywell International presently has a consensus rating of “Buy” and an average price target of $191.42.
Shares of NYSE:HON opened at $180.45 on Wednesday. The company has a market cap of $129.52 billion, a P/E ratio of 22.53, a P/E/G ratio of 2.20 and a beta of 1.09. The company has a quick ratio of 1.08, a current ratio of 1.32 and a debt-to-equity ratio of 0.61. Honeywell International has a 52 week low of $136.54 and a 52 week high of $183.12. The business has a fifty day simple moving average of $177.09 and a 200-day simple moving average of $171.87.
Honeywell International (NYSE:HON) last announced its quarterly earnings data on Thursday, October 17th. The conglomerate reported $2.08 EPS for the quarter, beating the Zacks’ consensus estimate of $2.01 by $0.07. The business had revenue of $9.09 billion during the quarter, compared to the consensus estimate of $9.12 billion. Honeywell International had a return on equity of 32.01% and a net margin of 17.06%. The business’s revenue for the quarter was down 15.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.03 earnings per share. Sell-side analysts expect that Honeywell International will post 8.14 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its stake in Honeywell International by 3.7% during the second quarter. BlackRock Inc. now owns 44,949,545 shares of the conglomerate’s stock worth $7,847,743,000 after purchasing an additional 1,623,768 shares during the period. Nuveen Asset Management LLC lifted 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 purchasing an additional 8,968,947 shares during the period. Invesco Ltd. lifted its stake in Honeywell International by 11.7% during the second quarter. Invesco Ltd. now owns 3,707,530 shares of the conglomerate’s stock worth $647,297,000 after purchasing an additional 389,494 shares during the period. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in Honeywell International by 2.3% during the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,849,222 shares of the conglomerate’s stock worth $482,088,000 after purchasing an additional 64,275 shares during the period. Finally, Parametric Portfolio Associates LLC lifted its stake in Honeywell International by 0.8% during the third quarter. Parametric Portfolio Associates LLC now owns 2,572,109 shares of the conglomerate’s stock worth $435,201,000 after purchasing an additional 21,401 shares during the period. Institutional investors and hedge funds own 75.56% of the company’s stock.
About Honeywell International
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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