Honeywell International Inc. (NASDAQ:HON) Given Consensus Recommendation of “Hold” by Analysts

Honeywell International Inc. (NASDAQ:HON) has been assigned an average rating of “Hold” from the seventeen brokerages that are covering the company, Marketbeat.com reports. Ten equities research analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $248.29.

Several analysts have recently commented on HON shares. Baird R W lowered shares of Honeywell International from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 25th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $253.00 price target on shares of Honeywell International in a research report on Tuesday, December 3rd. Wolfe Research lowered shares of Honeywell International from an “outperform” rating to a “peer perform” rating in a research report on Monday, October 28th. Bank of America upped their price objective on shares of Honeywell International from $220.00 to $240.00 and gave the company a “neutral” rating in a research note on Thursday, November 14th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Honeywell International from $233.00 to $231.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 15th.

Honeywell International Stock Down 0.0 %

HON stock opened at $222.58 on Tuesday. The company’s 50 day simple moving average is $227.06 and its 200-day simple moving average is $214.47. The firm has a market capitalization of $144.73 billion, a PE ratio of 25.70, a P/E/G ratio of 2.40 and a beta of 1.06. Honeywell International has a 12 month low of $189.66 and a 12 month high of $242.77. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.44 and a quick ratio of 1.12.

Hedge Funds Weigh In On Honeywell International

A number of large investors have recently bought and sold shares of HON. Cerro Pacific Wealth Advisors LLC raised its stake in shares of Honeywell International by 0.6% in the 4th quarter. Cerro Pacific Wealth Advisors LLC now owns 11,691 shares of the conglomerate’s stock valued at $2,417,000 after acquiring an additional 73 shares during the period. Spinnaker Investment Group LLC purchased a new position in shares of Honeywell International in the 4th quarter valued at $701,000. Key Client Fiduciary Advisors LLC raised its stake in shares of Honeywell International by 9.8% in the 4th quarter. Key Client Fiduciary Advisors LLC now owns 1,125 shares of the conglomerate’s stock valued at $254,000 after acquiring an additional 100 shares during the period. Secure Asset Management LLC raised its stake in shares of Honeywell International by 4.5% in the 4th quarter. Secure Asset Management LLC now owns 1,538 shares of the conglomerate’s stock valued at $347,000 after acquiring an additional 66 shares during the period. Finally, Red Door Wealth Management LLC grew its holdings in Honeywell International by 8.4% during the 4th quarter. Red Door Wealth Management LLC now owns 28,354 shares of the conglomerate’s stock valued at $6,405,000 after purchasing an additional 2,189 shares in the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.

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.