Honeywell International (NASDAQ:HON) Coverage Initiated by Analysts at Evercore ISI

Equities research analysts at Evercore ISI began coverage on shares of Honeywell International (NASDAQ:HON) in a research note issued to investors on Monday. The brokerage set an “outperform” rating and a $255.00 price target on the conglomerate’s stock. Evercore ISI’s price target suggests a potential upside of 31.13% from the company’s previous close.

Several other brokerages also recently issued reports on HON. HSBC reduced their price objective on Honeywell International from $290.00 to $266.00 and set a “buy” rating for the company in a research report on Tuesday, November 11th. TD Cowen cut their price target on shares of Honeywell International from $250.00 to $240.00 and set a “buy” rating for the company in a report on Monday, November 10th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Honeywell International in a report on Monday, December 1st. Rothschild & Co Redburn reduced their price objective on Honeywell International from $240.00 to $222.00 and set a “neutral” rating for the company in a research note on Monday, October 27th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on Honeywell International from $265.00 to $264.00 and set a “buy” rating on the stock in a report on Monday, December 8th. Eight equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $236.59.

Honeywell International Stock Performance

Shares of HON opened at $194.46 on Monday. Honeywell International has a 12-month low of $169.21 and a 12-month high of $228.04. The business’s fifty day moving average price is $199.27 and its 200 day moving average price is $214.26. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.36 and a quick ratio of 1.04. The stock has a market capitalization of $123.46 billion, a PE ratio of 20.55, a price-to-earnings-growth ratio of 2.59 and a beta of 0.96.

Honeywell International (NASDAQ:HON) last issued its earnings results on Monday, December 11th. The conglomerate reported $2.25 EPS for the quarter. The company had revenue of $8.95 billion during the quarter. Honeywell International had a return on equity of 38.11% and a net margin of 15.07%.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. Equities research analysts forecast that Honeywell International will post 10.34 EPS for the current year.

Hedge Funds Weigh In On Honeywell International

Several institutional investors have recently bought and sold shares of HON. BankPlus Wealth Management LLC raised its position in Honeywell International by 2.2% during the second quarter. BankPlus Wealth Management LLC now owns 1,986 shares of the conglomerate’s stock valued at $463,000 after purchasing an additional 43 shares in the last quarter. Summit Wealth Group LLC grew its position in Honeywell International by 4.3% in the second quarter. Summit Wealth Group LLC now owns 1,115 shares of the conglomerate’s stock valued at $260,000 after acquiring an additional 46 shares during the last quarter. Bar Harbor Wealth Management raised its stake in Honeywell International by 0.3% during the second quarter. Bar Harbor Wealth Management now owns 15,192 shares of the conglomerate’s stock worth $3,538,000 after acquiring an additional 47 shares in the last quarter. Capital Advisors Ltd. LLC boosted its stake in shares of Honeywell International by 1.8% in the 2nd quarter. Capital Advisors Ltd. LLC now owns 2,696 shares of the conglomerate’s stock valued at $628,000 after purchasing an additional 47 shares in the last quarter. Finally, Nova R Wealth Inc. increased its position in Honeywell International by 3.0% during the 3rd quarter. Nova R Wealth Inc. now owns 1,594 shares of the conglomerate’s stock worth $335,000 after purchasing an additional 47 shares in the last quarter. 75.91% of the stock is currently owned by institutional investors.

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.