Citigroup Cuts Honeywell International (NASDAQ:HON) Price Target to $262.00

Honeywell International (NASDAQ:HON) had its target price decreased by Citigroup from $267.00 to $262.00 in a report released on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the conglomerate’s stock. Citigroup’s price target points to a potential upside of 25.60% from the stock’s current price.

Several other equities analysts have also issued reports on the company. TD Cowen lowered their price target on Honeywell International from $250.00 to $240.00 and set a “buy” rating on the stock in a research note on Monday, November 10th. DZ Bank lowered their price objective on Honeywell International from $248.00 to $237.00 in a research report on Tuesday, December 23rd. Morgan Stanley reduced their target price on Honeywell International from $245.00 to $235.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 28th. Robert W. Baird lowered their price target on shares of Honeywell International from $250.00 to $220.00 and set a “neutral” rating on the stock in a report on Monday, October 13th. Finally, Vertical Research downgraded shares of Honeywell International from a “buy” rating to a “hold” rating and set a $220.00 price objective for the company. in a report on Monday, January 5th. Nine investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $233.90.

Honeywell International Stock Performance

Shares of Honeywell International stock traded up $1.22 during midday trading on Monday, hitting $208.60. The company had a trading volume of 5,482,669 shares, compared to its average volume of 4,632,289. Honeywell International has a 1-year low of $169.21 and a 1-year high of $228.04. The business’s 50 day simple moving average is $195.62 and its two-hundred day simple moving average is $210.57. The stock has a market cap of $132.44 billion, a PE ratio of 21.98, a P/E/G ratio of 2.78 and a beta of 0.95. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.36 and a quick ratio of 1.04.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings results on Monday, December 11th. The conglomerate reported $2.25 earnings per share for the quarter. Honeywell International had a net margin of 15.07% and a return on equity of 38.11%. The firm had revenue of $8.95 billion during the quarter. Honeywell International has set its FY 2025 guidance at 10.600-10.700 EPS and its Q4 2025 guidance at 2.520-2.620 EPS. As a group, equities analysts predict that Honeywell International will post 10.34 EPS for the current fiscal year.

Institutional Investors Weigh In On Honeywell International

A number of hedge funds have recently added to or reduced their stakes in the stock. Brighton Jones LLC raised its position in shares of Honeywell International by 9.1% in the 4th quarter. Brighton Jones LLC now owns 19,047 shares of the conglomerate’s stock valued at $4,302,000 after acquiring an additional 1,582 shares during the period. Acadian Asset Management LLC increased its stake in Honeywell International by 145.7% in the first quarter. Acadian Asset Management LLC now owns 4,433 shares of the conglomerate’s stock valued at $937,000 after purchasing an additional 2,629 shares in the last quarter. Jones Financial Companies Lllp boosted its position in shares of Honeywell International by 22.2% during the first quarter. Jones Financial Companies Lllp now owns 165,909 shares of the conglomerate’s stock worth $34,929,000 after purchasing an additional 30,122 shares in the last quarter. Quintet Private Bank Europe S.A. grew its holdings in shares of Honeywell International by 110.4% in the 2nd quarter. Quintet Private Bank Europe S.A. now owns 22,426 shares of the conglomerate’s stock valued at $5,223,000 after buying an additional 11,768 shares during the period. Finally, Bard Financial Services Inc. increased its position in shares of Honeywell International by 1.8% in the 2nd quarter. Bard Financial Services Inc. now owns 18,044 shares of the conglomerate’s stock valued at $4,202,000 after buying an additional 325 shares in 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.