Barclays Lowers Honeywell International (NASDAQ:HON) Price Target to $269.00

Honeywell International (NASDAQ:HON) had its target price decreased by equities research analysts at Barclays from $270.00 to $269.00 in a research report issued to clients and investors on Thursday,MarketScreener reports. The brokerage currently has an “overweight” rating on the conglomerate’s stock. Barclays‘s target price would indicate a potential upside of 39.13% from the company’s previous close.

Several other research firms also recently weighed in on HON. Weiss Ratings reiterated a “hold (c+)” rating on shares of Honeywell International in a report on Monday. HSBC dropped their price objective on Honeywell International from $290.00 to $266.00 and set a “buy” rating for the company in a research note on Tuesday, November 11th. Robert W. Baird decreased their target price on Honeywell International from $250.00 to $220.00 and set a “neutral” rating on the stock in a research note on Monday, October 13th. BNP Paribas Exane started coverage on Honeywell International in a research report on Wednesday. They issued a “neutral” rating and a $195.00 target price for the company. Finally, Citigroup boosted their price target on shares of Honeywell International from $251.56 to $267.00 and gave the stock a “buy” rating in a research note on Tuesday, November 4th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $236.71.

Honeywell International Stock Down 0.1%

Shares of NASDAQ:HON opened at $193.34 on Thursday. The company has a market capitalization of $122.75 billion, a price-to-earnings ratio of 20.38, a PEG ratio of 2.58 and a beta of 0.96. Honeywell International has a 12-month low of $169.21 and a 12-month high of $228.04. The business has a 50-day moving average price of $201.68 and a 200 day moving average price of $215.88. The company has a current ratio of 1.36, a quick ratio of 1.04 and a debt-to-equity ratio of 1.70.

Honeywell International (NASDAQ:HON) last announced its 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 company had revenue of $8.95 billion during the quarter. Honeywell International has set its Q4 2023 guidance at 2.530-2.630 EPS and its FY 2023 guidance at 9.100-9.200 EPS. Sell-side analysts expect that Honeywell International will post 10.34 EPS for the current year.

Hedge Funds Weigh In On Honeywell International

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Chung Wu Investment Group LLC acquired a new position in Honeywell International during the 2nd quarter worth approximately $26,000. Barnes Dennig Private Wealth Management LLC lifted its position in shares of Honeywell International by 491.7% during the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 142 shares of the conglomerate’s stock worth $30,000 after purchasing an additional 118 shares during the last quarter. JPL Wealth Management LLC purchased a new stake in shares of Honeywell International during the 3rd quarter worth $31,000. Pandora Wealth Inc. purchased a new position in Honeywell International in the first quarter valued at $33,000. Finally, RMG Wealth Management LLC purchased a new position in Honeywell International in the second quarter valued at $33,000. 75.91% of the stock is owned by institutional investors and hedge funds.

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.