Honeywell International (NASDAQ:HON) Rating Reiterated by Deutsche Bank Aktiengesellschaft

Honeywell International (NASDAQ:HON)‘s stock had its “hold” rating restated by stock analysts at Deutsche Bank Aktiengesellschaft in a note issued to investors on Tuesday, MarketBeat.com reports. They presently have a $215.00 target price on the conglomerate’s stock, down from their prior target price of $227.00. Deutsche Bank Aktiengesellschaft’s price objective points to a potential upside of 12.94% from the stock’s current price.

Other equities analysts have also issued research reports about the stock. Barclays upped their price objective on shares of Honeywell International from $230.00 to $232.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. Royal Bank of Canada dropped their price objective on shares of Honeywell International from $210.00 to $209.00 and set a “sector perform” rating on the stock in a report on Friday, February 2nd. Wells Fargo & Company upped their price objective on shares of Honeywell International from $190.00 to $213.00 and gave the company an “equal weight” rating in a report on Tuesday, December 19th. Finally, Berenberg Bank upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and upped their price objective for the company from $195.00 to $240.00 in a report on Wednesday, March 6th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $219.67.

Honeywell International Price Performance

HON stock opened at $190.36 on Tuesday. The firm has a market cap of $123.96 billion, a price-to-earnings ratio of 22.47, a PEG ratio of 2.22 and a beta of 1.02. The company has a quick ratio of 0.93, a current ratio of 1.27 and a debt-to-equity ratio of 1.01. Honeywell International has a 12-month low of $174.88 and a 12-month high of $210.87. The company’s fifty day simple moving average is $198.41 and its 200 day simple moving average is $195.82.

Honeywell International (NASDAQ:HON) last released its earnings results on Thursday, February 1st. The conglomerate reported $2.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.59 by $0.01. The business had revenue of $9.44 billion for the quarter, compared to analyst estimates of $9.70 billion. Honeywell International had a net margin of 15.43% and a return on equity of 35.17%. Honeywell International’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.52 earnings per share. On average, analysts expect that Honeywell International will post 9.94 earnings per share for the current year.

Insider Transactions at Honeywell International

In other news, Director Darius Adamczyk sold 25,500 shares of the business’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $197.19, for a total transaction of $5,028,345.00. Following the completion of the sale, the director now directly owns 183,400 shares of the company’s stock, valued at $36,164,646. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.41% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Honeywell International

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. 1776 Wealth LLC raised its holdings in shares of Honeywell International by 2.7% during the fourth quarter. 1776 Wealth LLC now owns 1,918 shares of the conglomerate’s stock valued at $411,000 after purchasing an additional 50 shares during the last quarter. Morton Capital Management LLC CA raised its holdings in shares of Honeywell International by 0.9% during the third quarter. Morton Capital Management LLC CA now owns 5,828 shares of the conglomerate’s stock valued at $1,077,000 after purchasing an additional 50 shares during the last quarter. Wayfinding Financial LLC raised its holdings in shares of Honeywell International by 3.4% during the fourth quarter. Wayfinding Financial LLC now owns 1,515 shares of the conglomerate’s stock valued at $317,000 after purchasing an additional 50 shares during the last quarter. Indiana Trust & Investment Management CO raised its holdings in shares of Honeywell International by 0.9% during the fourth quarter. Indiana Trust & Investment Management CO now owns 5,563 shares of the conglomerate’s stock valued at $1,167,000 after purchasing an additional 50 shares during the last quarter. Finally, River Street Advisors LLC increased its holdings in Honeywell International by 2.0% during the fourth quarter. River Street Advisors LLC now owns 2,599 shares of the conglomerate’s stock valued at $545,000 after buying an additional 50 shares during the last quarter. Hedge funds and other 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.