Honeywell International (NASDAQ:HON) Upgraded to “Buy” at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft upgraded shares of Honeywell International (NASDAQ:HON) from a hold rating to a buy rating in a report published on Friday, Marketbeat Ratings reports. The brokerage currently has $260.00 price target on the conglomerate’s stock, up from their previous price target of $236.00.

A number of other research analysts have also weighed in on HON. JPMorgan Chase & Co. cut their price target 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. The Goldman Sachs Group upped their target price on shares of Honeywell International from $227.00 to $256.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. StockNews.com downgraded Honeywell International from a “buy” rating to a “hold” rating in a research note on Monday, December 23rd. Citigroup reduced their price objective on Honeywell International from $268.00 to $266.00 and set a “buy” rating for the company in a research report on Monday, January 13th. Finally, UBS Group restated a “buy” rating and issued a $298.00 target price (up previously from $215.00) on shares of Honeywell International in a research note on Wednesday, November 13th. Ten equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $248.86.

Honeywell International Trading Down 2.0 %

NASDAQ HON opened at $205.52 on Friday. Honeywell International has a 12 month low of $189.75 and a 12 month high of $242.77. The stock has a 50-day simple moving average of $224.52 and a 200 day simple moving average of $215.11. The company has a current ratio of 1.44, a quick ratio of 1.12 and a debt-to-equity ratio of 1.44. The company has a market capitalization of $133.64 billion, a PE ratio of 23.73, a P/E/G ratio of 2.57 and a beta of 1.05.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings results on Thursday, February 6th. The conglomerate reported $2.47 earnings per share for the quarter, beating analysts’ consensus estimates of $2.37 by $0.10. Honeywell International had a net margin of 15.02% and a return on equity of 37.77%. Research analysts forecast that Honeywell International will post 9.78 EPS for the current year.

Institutional Trading of Honeywell International

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HON. Teachers Insurance & Annuity Association of America bought a new position in Honeywell International during the third quarter worth $25,000. Mainstream Capital Management LLC bought a new position in shares of Honeywell International in the 4th quarter worth about $25,000. Reston Wealth Management LLC acquired a new position in shares of Honeywell International in the 3rd quarter valued at about $29,000. Hoese & Co LLP bought a new stake in shares of Honeywell International during the 4th quarter valued at about $30,000. Finally, Financial Avengers Inc. grew its stake in Honeywell International by 48.1% during the third quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate’s stock worth $32,000 after purchasing an additional 50 shares during the period. Institutional investors and hedge funds 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.