Barclays Issues Pessimistic Forecast for Honeywell International (NASDAQ:HON) Stock Price

Honeywell International (NASDAQ:HON) had its price objective dropped by research analysts at Barclays from $247.00 to $243.00 in a report released on Wednesday,Benzinga reports. The brokerage presently has an “overweight” rating on the conglomerate’s stock. Barclays‘s target price suggests a potential upside of 15.31% from the stock’s current price.

Several other research analysts also recently issued reports on the company. Morgan Stanley lifted their price target on Honeywell International from $210.00 to $217.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 11th. Wells Fargo & Company lowered their price objective on Honeywell International from $240.00 to $220.00 and set an “equal weight” rating for the company in a research report on Friday, February 7th. Deutsche Bank Aktiengesellschaft raised shares of Honeywell International from a “hold” rating to a “buy” rating and increased their price target for the stock from $236.00 to $260.00 in a research note on Friday, February 7th. Royal Bank of Canada increased their target price on shares of Honeywell International from $211.00 to $226.00 and gave the stock a “sector perform” rating in a research report on Wednesday. Finally, JPMorgan Chase & Co. reduced their price objective on Honeywell International from $205.00 to $178.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 8th. Ten research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Honeywell International currently has a consensus rating of “Hold” and a consensus target price of $241.46.

Honeywell International Stock Performance

Shares of Honeywell International stock opened at $210.74 on Wednesday. The firm’s fifty day simple moving average is $205.02 and its 200-day simple moving average is $215.61. Honeywell International has a 12 month low of $179.36 and a 12 month high of $242.77. 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 stock has a market capitalization of $135.56 billion, a price-to-earnings ratio of 24.20, a PEG ratio of 2.51 and a beta of 1.01.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings results on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.21 by $0.30. The firm had revenue of $9.82 billion during the quarter, compared to analysts’ expectations of $9.59 billion. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. The firm’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same period in the prior year, the company posted $2.25 earnings per share. As a group, equities analysts forecast that Honeywell International will post 10.34 earnings per share for the current year.

Insider Activity

In other news, VP Anne T. Madden sold 28,885 shares of the business’s stock in a transaction on 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 transaction, the vice president now directly owns 41,580 shares in the company, valued at $8,644,066.20. The trade was a 40.99 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.41% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Capital World Investors acquired a new stake in shares of Honeywell International in the fourth quarter worth $1,594,216,000. Raymond James Financial Inc. bought a new stake in Honeywell International in the 4th quarter valued at $435,786,000. ING Groep NV lifted its stake in shares of Honeywell International by 884.0% in the fourth quarter. ING Groep NV now owns 1,752,472 shares of the conglomerate’s stock valued at $395,866,000 after buying an additional 1,574,376 shares during the period. GAMMA Investing LLC grew its holdings in shares of Honeywell International by 20,894.0% during the 1st quarter. GAMMA Investing LLC now owns 1,326,614 shares of the conglomerate’s stock worth $2,809,110,000 after purchasing an additional 1,320,295 shares in the last quarter. Finally, Cibc World Markets Corp boosted its stake in Honeywell International by 411.8% during the fourth quarter. Cibc World Markets Corp now owns 1,265,358 shares of the conglomerate’s stock worth $285,832,000 after buying an additional 1,018,099 shares in the last quarter. 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.