Jefferies Financial Group Forecasts Strong Price Appreciation for Honeywell International (NASDAQ:HON) Stock

Honeywell International (NASDAQ:HONGet Free Report) had its price objective raised by research analysts at Jefferies Financial Group from $220.00 to $240.00 in a research note issued to investors on Tuesday,MarketScreener reports. Jefferies Financial Group’s price objective suggests a potential upside of 3.85% from the company’s current price.

Several other research firms have also weighed in on HON. Rothschild & Co Redburn increased their target price on shares of Honeywell International from $222.00 to $235.00 and gave the stock a “neutral” rating in a report on Monday. Barclays upped their price objective on shares of Honeywell International from $250.00 to $259.00 and gave the company an “overweight” rating in a research report on Friday. Argus lifted their target price on Honeywell International from $225.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday, January 21st. TD Cowen decreased their target price on Honeywell International from $250.00 to $240.00 and set a “buy” rating for the company in a research note on Monday, November 10th. Finally, Sanford C. Bernstein set a $255.00 price target on Honeywell International in a report on Friday, January 16th. Eleven investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $244.50.

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Honeywell International Trading Up 1.6%

Shares of Honeywell International stock traded up $3.55 on Tuesday, hitting $231.11. 577,001 shares of the company’s stock traded hands, compared to its average volume of 4,906,130. The firm’s 50-day moving average price is $203.26 and its two-hundred day moving average price is $208.59. The stock has a market capitalization of $146.73 billion, a PE ratio of 28.87, a price-to-earnings-growth ratio of 2.66 and a beta of 0.94. The company has a debt-to-equity ratio of 1.76, a current ratio of 1.32 and a quick ratio of 1.05. Honeywell International has a one year low of $169.21 and a one year high of $230.97.

Honeywell International (NASDAQ:HONGet Free Report) last issued its earnings results on Thursday, January 29th. The conglomerate reported $2.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.54 by $0.05. The firm had revenue of $10.07 billion for the quarter, compared to analysts’ expectations of $9.60 billion. Honeywell International had a return on equity of 40.40% and a net margin of 12.74%.The company’s revenue was up 6.4% compared to the same quarter last year. During the same quarter last year, the business earned $2.47 earnings per share. On average, research analysts expect that Honeywell International will post 10.34 EPS for the current fiscal year.

Institutional Trading of Honeywell International

Several institutional investors and hedge funds have recently bought and sold shares of HON. SG Americas Securities LLC boosted its holdings in shares of Honeywell International by 15,459.1% in the 4th quarter. SG Americas Securities LLC now owns 4,057,960 shares of the conglomerate’s stock valued at $791,667,000 after buying an additional 4,031,879 shares during the last quarter. Laurel Wealth Advisors LLC raised its position in Honeywell International by 23,503.0% during the second quarter. Laurel Wealth Advisors LLC now owns 3,716,532 shares of the conglomerate’s stock worth $865,506,000 after acquiring an additional 3,700,786 shares in the last quarter. Franklin Resources Inc. lifted its stake in Honeywell International by 28.8% in the third quarter. Franklin Resources Inc. now owns 10,196,543 shares of the conglomerate’s stock valued at $2,146,372,000 after acquiring an additional 2,277,234 shares during the last quarter. Marshall Wace LLP grew its position in shares of Honeywell International by 130.0% in the 3rd quarter. Marshall Wace LLP now owns 1,845,032 shares of the conglomerate’s stock valued at $388,379,000 after acquiring an additional 1,042,972 shares during the period. Finally, Vanguard Group Inc. increased its stake in shares of Honeywell International by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 63,161,731 shares of the conglomerate’s stock worth $12,322,222,000 after purchasing an additional 1,027,413 shares during the last quarter. Institutional investors own 75.91% of the company’s stock.

Key Honeywell International News

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About Honeywell International

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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.

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