Honeywell International (NASDAQ:HON) Upgraded at BNP Paribas

Honeywell International (NASDAQ:HON) was upgraded by equities research analysts at BNP Paribas to a “hold” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

A number of other equities analysts have also recently commented on the stock. TD Cowen decreased their target price on shares of Honeywell International from $250.00 to $240.00 and set a “buy” rating on the stock in a research report on Monday, November 10th. JPMorgan Chase & Co. lifted their price objective on Honeywell International from $212.00 to $218.00 and gave the stock a “neutral” rating in a report on Friday, October 24th. HSBC lowered their target price 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. Weiss Ratings restated a “hold (c+)” rating on shares of Honeywell International in a research report on Monday. Finally, BNP Paribas Exane began coverage on Honeywell International in a research report on Wednesday. They issued a “neutral” rating and a $195.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Honeywell International has a consensus rating of “Hold” and a consensus price target of $236.71.

Honeywell International Stock Performance

Shares of NASDAQ HON opened at $192.23 on Wednesday. The stock’s 50-day moving average is $201.37 and its 200 day moving average is $215.71. The stock has a market cap of $122.04 billion, a price-to-earnings ratio of 20.26, a P/E/G ratio of 2.63 and a beta of 0.96. Honeywell International has a 1-year low of $169.21 and a 1-year high of $228.04. 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 issued its quarterly earnings results on Monday, December 11th. The conglomerate reported $2.25 EPS for the quarter. The business had revenue of $8.95 billion for the quarter. Honeywell International had a net margin of 15.07% and a return on equity of 38.11%. 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. On average, sell-side analysts anticipate that Honeywell International will post 10.34 EPS for the current fiscal year.

Hedge Funds Weigh In On Honeywell International

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Nuveen LLC purchased a new position in Honeywell International during the 1st quarter valued at $1,150,929,000. Laurel Wealth Advisors LLC boosted its stake in shares of Honeywell International by 23,503.0% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 3,716,532 shares of the conglomerate’s stock valued at $865,506,000 after purchasing an additional 3,700,786 shares in the last quarter. Franklin Resources Inc. boosted its stake in shares of Honeywell International by 28.8% during the 3rd quarter. Franklin Resources Inc. now owns 10,196,543 shares of the conglomerate’s stock valued at $2,146,372,000 after purchasing an additional 2,277,234 shares in the last quarter. Wellington Management Group LLP increased its position in shares of Honeywell International by 8.9% during the first quarter. Wellington Management Group LLP now owns 15,751,951 shares of the conglomerate’s stock valued at $3,335,476,000 after buying an additional 1,293,137 shares during the period. Finally, Marshall Wace LLP raised its stake in Honeywell International by 130.0% in the third quarter. Marshall Wace LLP now owns 1,845,032 shares of the conglomerate’s stock worth $388,379,000 after buying an additional 1,042,972 shares in the last quarter. Institutional investors own 75.91% of the company’s stock.

Honeywell International Company Profile

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.