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

Honeywell International (NASDAQ:HON) had its target price boosted by research analysts at Barclays from $255.00 to $260.00 in a report issued on Friday,Benzinga reports. The firm currently has an “overweight” rating on the conglomerate’s stock. Barclays‘s price target would indicate a potential upside of 16.30% from the company’s previous close.

Several other equities research analysts also recently issued reports on the company. Jefferies Financial Group increased their price target on Honeywell International from $220.00 to $260.00 and gave the stock a “hold” rating in a report on Tuesday, December 17th. Robert W. Baird lowered Honeywell International from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from $223.00 to $217.00 in a research report on Friday, October 25th. UBS Group restated a “buy” rating and set a $298.00 target price (up from $215.00) on shares of Honeywell International in a report on Wednesday, November 13th. StockNews.com cut shares of Honeywell International from a “buy” rating to a “hold” rating in a report on Monday, December 23rd. Finally, Hsbc Global Res upgraded shares of Honeywell International to a “strong-buy” rating in a report on Wednesday, December 11th. Eleven equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $248.29.

Honeywell International Trading Up 0.4 %

Shares of HON traded up $0.88 during trading hours on Friday, reaching $223.57. The stock had a trading volume of 1,584,810 shares, compared to its average volume of 3,500,807. The company has a market cap of $145.37 billion, a P/E ratio of 25.81, a P/E/G ratio of 2.40 and a beta of 1.06. Honeywell International has a 52 week low of $189.66 and a 52 week high of $242.77. The company has a quick ratio of 1.12, a current ratio of 1.44 and a debt-to-equity ratio of 1.44. The firm has a 50-day moving average of $226.89 and a 200 day moving average of $214.30.

Hedge Funds Weigh In On Honeywell International

A number of institutional investors have recently added to or reduced their stakes in the company. RIA Advisory Group LLC acquired a new position in shares of Honeywell International during the 3rd quarter worth about $6,124,000. Copley Financial Group Inc. bought a new position in Honeywell International during the third quarter worth about $454,000. EP Wealth Advisors LLC increased its position in Honeywell International by 4.4% during the second quarter. EP Wealth Advisors LLC now owns 337,380 shares of the conglomerate’s stock worth $72,044,000 after buying an additional 14,271 shares during the last quarter. Rockefeller Capital Management L.P. raised its stake in Honeywell International by 2.0% in the third quarter. Rockefeller Capital Management L.P. now owns 639,341 shares of the conglomerate’s stock valued at $132,155,000 after buying an additional 12,755 shares during the period. Finally, SteelPeak Wealth LLC lifted its position in shares of Honeywell International by 255.2% in the third quarter. SteelPeak Wealth LLC now owns 73,529 shares of the conglomerate’s stock valued at $15,199,000 after buying an additional 52,830 shares during the last quarter. 75.91% of the stock is currently owned by institutional investors and hedge funds.

About Honeywell International

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.