Barclays Issues Pessimistic Forecast for Honeywell International (NASDAQ:HON) Stock Price

Honeywell International (NASDAQ:HON) had its target price decreased by analysts at Barclays from $275.00 to $255.00 in a research note issued to investors on Wednesday,MarketScreener reports. The brokerage currently has an “overweight” rating on the conglomerate’s stock. Barclays‘s price objective suggests a potential upside of 11.73% from the company’s previous close.

Several other equities analysts have also weighed in on HON. Royal Bank Of Canada raised their target price on shares of Honeywell International from $249.00 to $268.00 and gave the stock an “outperform” rating in a research note on Friday, January 30th. Jefferies Financial Group upped their price target on shares of Honeywell International from $240.00 to $245.00 and gave the company a “hold” rating in a research note on Wednesday, March 4th. The Goldman Sachs Group increased their price target on shares of Honeywell International from $236.00 to $262.00 and gave the company a “buy” rating in a report on Monday, February 23rd. BNP Paribas Exane raised their price objective on shares of Honeywell International from $195.00 to $215.00 and gave the stock a “neutral” rating in a research report on Monday, February 2nd. Finally, Wolfe Research upgraded Honeywell International from a “peer perform” rating to an “outperform” rating and set a $293.00 price objective for the company in a report on Friday, February 27th. Fourteen analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $251.83.

Honeywell International Stock Up 1.0%

Shares of NASDAQ HON traded up $2.19 during mid-day trading on Wednesday, hitting $228.22. The company had a trading volume of 214,769 shares, compared to its average volume of 4,318,782. The company has a current ratio of 1.30, a quick ratio of 1.03 and a debt-to-equity ratio of 1.81. The firm has a 50-day simple moving average of $233.69 and a two-hundred day simple moving average of $213.16. The company has a market capitalization of $145.08 billion, a PE ratio of 28.55, a price-to-earnings-growth ratio of 3.23 and a beta of 0.92. Honeywell International has a one year low of $169.21 and a one year high of $248.18.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings results on Thursday, January 29th. The conglomerate reported $2.59 EPS for the quarter, beating the consensus estimate of $2.54 by $0.05. The firm had revenue of $10.07 billion during the quarter, compared to analysts’ expectations of $9.60 billion. Honeywell International had a return on equity of 40.64% and a net margin of 12.74%.The business’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.47 earnings per share. On average, equities analysts expect that Honeywell International will post 10.34 EPS for the current year.

Insider Transactions at Honeywell International

In related news, Director D Scott Davis sold 2,367 shares of the business’s stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $240.00, for a total value of $568,080.00. Following the completion of the sale, the director directly owned 31,081 shares in the company, valued at approximately $7,459,440. The trade was a 7.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Robert D. Mailloux sold 5,274 shares of the stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $239.00, for a total value of $1,260,486.00. Following the sale, the vice president directly owned 4,803 shares in the company, valued at $1,147,917. This represents a 52.34% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 18,190 shares of company stock valued at $4,244,287 in the last three months. Insiders own 0.41% of the company’s stock.

Hedge Funds Weigh In On Honeywell International

Institutional investors have recently modified their holdings of the business. Caitlin John LLC raised its stake in shares of Honeywell International by 138.9% during the fourth quarter. Caitlin John LLC now owns 129 shares of the conglomerate’s stock valued at $25,000 after acquiring an additional 75 shares during the last quarter. Holos Integrated Wealth LLC bought a new position in Honeywell International during the 4th quarter worth $25,000. Ares Financial Consulting LLC bought a new position in Honeywell International during the 4th quarter worth $26,000. Howard Hughes Medical Institute acquired a new position in Honeywell International during the 2nd quarter worth about $33,000. Finally, Barnes Dennig Private Wealth Management LLC grew its position in shares of Honeywell International by 491.7% in the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 142 shares of the conglomerate’s stock valued at $30,000 after buying an additional 118 shares during the last quarter. Institutional investors and hedge funds own 75.91% of the company’s stock.

Honeywell International Company Profile

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.