Barclays Lowers Honeywell International (NASDAQ:HON) Price Target to $251.00

Honeywell International (NASDAQ:HON) had its target price lowered by equities research analysts at Barclays from $260.00 to $251.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has an “overweight” rating on the conglomerate’s stock. Barclays‘s price target would indicate a potential upside of 21.29% from the stock’s previous close.

Several other brokerages have also issued reports on HON. Royal Bank of Canada decreased their price target on shares of Honeywell International from $253.00 to $236.00 and set a “sector perform” rating on the stock in a report on Friday, February 7th. Jefferies Financial Group lifted their price target on shares of Honeywell International from $220.00 to $260.00 and gave the company a “hold” rating in a report on Tuesday, December 17th. HSBC raised shares of Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 price target on the stock in a report on Wednesday, December 11th. The Goldman Sachs Group lifted their price target on shares of Honeywell International from $227.00 to $256.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Finally, Wolfe Research lowered shares of Honeywell International from an “outperform” rating to a “peer perform” rating in a report on Monday, October 28th. Ten equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $248.71.

Honeywell International Price Performance

Shares of NASDAQ:HON opened at $206.94 on Monday. The firm has a 50 day moving average of $224.09 and a 200-day moving average of $215.15. The stock has a market capitalization of $134.56 billion, a PE ratio of 23.76, a PEG ratio of 2.55 and a beta of 1.05. The company has a current ratio of 1.31, a quick ratio of 1.12 and a debt-to-equity ratio of 1.33. Honeywell International has a 12 month low of $189.75 and a 12 month high of $242.77.

Honeywell International (NASDAQ:HON) last issued its earnings results on Thursday, February 6th. The conglomerate reported $2.47 EPS for the quarter, beating the consensus estimate of $2.37 by $0.10. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. On average, equities research analysts predict that Honeywell International will post 10.3 EPS for the current fiscal year.

Insider Activity

In related news, VP Anne T. Madden sold 28,885 shares of the business’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $207.89, for a total transaction of $6,004,902.65. Following the transaction, the vice president now owns 41,580 shares in the company, valued at $8,644,066.20. The trade was a 40.99 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.41% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of HON. Raymond James Financial Inc. purchased a new stake in shares of Honeywell International in the fourth quarter worth about $435,786,000. ING Groep NV lifted its holdings in shares of Honeywell International by 884.0% in the fourth quarter. ING Groep NV now owns 1,752,472 shares of the conglomerate’s stock worth $395,866,000 after buying an additional 1,574,376 shares in the last quarter. Wellington Management Group LLP lifted its holdings in shares of Honeywell International by 8.4% in the third quarter. Wellington Management Group LLP now owns 17,826,700 shares of the conglomerate’s stock worth $3,684,957,000 after buying an additional 1,376,479 shares in the last quarter. Cibc World Markets Corp lifted its holdings in shares of Honeywell International by 411.8% in the fourth quarter. Cibc World Markets Corp now owns 1,265,358 shares of the conglomerate’s stock worth $285,832,000 after buying an additional 1,018,099 shares in the last quarter. Finally, International Assets Investment Management LLC lifted its holdings in shares of Honeywell International by 24,683.3% in the third quarter. International Assets Investment Management LLC now owns 948,704 shares of the conglomerate’s stock worth $1,961,070,000 after buying an additional 944,876 shares in the last quarter. Institutional investors and hedge funds 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.