Barclays Cuts Honeywell International (NASDAQ:HON) Price Target to $250.00

Honeywell International (NASDAQ:HON) had its target price trimmed by Barclays from $269.00 to $250.00 in a report published on Wednesday morning,Benzinga reports. The brokerage currently has an overweight rating on the conglomerate’s stock.

Other equities research analysts have also issued research reports about the stock. Royal Bank Of Canada raised shares of Honeywell International from a “sector perform” rating to an “outperform” rating and upped their target price for the stock from $235.00 to $253.00 in a report on Monday, October 27th. HSBC dropped their price target on shares of Honeywell International from $290.00 to $266.00 and set a “buy” rating for the company in a research note on Tuesday, November 11th. Rothschild & Co Redburn reduced their target price on Honeywell International from $240.00 to $222.00 and set a “neutral” rating on the stock in a report on Monday, October 27th. JPMorgan Chase & Co. boosted their target price on Honeywell International from $212.00 to $218.00 and gave the company a “neutral” rating in a research note on Friday, October 24th. Finally, The Goldman Sachs Group reduced their target price on shares of Honeywell International from $245.00 to $236.00 and set a “buy” rating for the company in a research note on Tuesday, December 16th. Nine investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Honeywell International has a consensus rating of “Hold” and a consensus price target of $235.58.

Honeywell International Price Performance

Shares of NASDAQ:HON opened at $197.37 on Wednesday. The firm has a market capitalization of $125.31 billion, a PE ratio of 20.80, a PEG ratio of 2.87 and a beta of 0.96. The company has a current ratio of 1.36, a quick ratio of 1.04 and a debt-to-equity ratio of 1.70. Honeywell International has a 1-year low of $169.21 and a 1-year high of $228.04. The business’s 50 day moving average is $197.71 and its 200-day moving average is $212.42.

Honeywell International (NASDAQ:HON) last issued its earnings results on Monday, December 11th. The conglomerate reported $2.25 EPS for the quarter. The firm had revenue of $8.95 billion during the quarter. Honeywell International had a return on equity of 38.11% and a net margin of 15.07%.Honeywell International has set its Q4 2023 guidance at 2.530-2.630 EPS and its FY 2023 guidance at 9.100-9.200 EPS. Sell-side analysts predict that Honeywell International will post 10.34 earnings per share for the current year.

Hedge Funds Weigh In On Honeywell International

A number of institutional investors have recently added to or reduced their stakes in HON. Brighton Jones LLC increased its position in Honeywell International by 9.1% during the fourth quarter. Brighton Jones LLC now owns 19,047 shares of the conglomerate’s stock worth $4,302,000 after buying an additional 1,582 shares during the last quarter. Samalin Investment Counsel LLC boosted its stake in shares of Honeywell International by 17.8% during the 1st quarter. Samalin Investment Counsel LLC now owns 2,503 shares of the conglomerate’s stock worth $530,000 after acquiring an additional 379 shares during the period. Ieq Capital LLC boosted its stake in shares of Honeywell International by 1.5% during the 1st quarter. Ieq Capital LLC now owns 24,859 shares of the conglomerate’s stock worth $5,264,000 after acquiring an additional 369 shares during the period. Triad Wealth Partners LLC increased its holdings in shares of Honeywell International by 2.7% during the 1st quarter. Triad Wealth Partners LLC now owns 2,495 shares of the conglomerate’s stock worth $528,000 after acquiring an additional 65 shares during the last quarter. Finally, Coalescence Partners Investment Management LP bought a new stake in Honeywell International in the 1st quarter valued at $17,986,000. 75.91% of the stock is currently owned by institutional investors and hedge funds.

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.