Deutsche Bank Aktiengesellschaft Has Lowered Expectations for Honeywell International (NASDAQ:HON) Stock Price

Key Points

• Deutsche Bank has lowered its price target for Honeywell International from $271.00 to $265.00, while maintaining a "buy" rating, indicating a potential upside of 20.65% from the last close.
• Other analysts have varied outlooks, with Royal Bank of Canada setting a target of $235.00 (down from $253.00), while Wells Fargo increased theirs from $220.00 to $230.00.
• As of now, Honeywell International has an average analyst rating of "Moderate Buy" with an average price target of $251.27, amidst mixed equity analyst assessments.

Honeywell International (NASDAQ:HON - Get Free Report) had its price target cut by stock analysts at Deutsche Bank Aktiengesellschaft from $271.00 to $265.00 in a report released on Friday,MarketScreener reports. The brokerage presently has a "buy" rating on the conglomerate's stock. Deutsche Bank Aktiengesellschaft's price target would indicate a potential upside of 20.65% from the company's previous close.

Other equities analysts have also recently issued reports about the company. Royal Bank Of Canada reduced their price objective on Honeywell International from $253.00 to $235.00 and set a "sector perform" rating for the company in a report on Friday. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Honeywell International in a research note on Wednesday, October 8th. Wells Fargo & Company lifted their price target on Honeywell International from $220.00 to $230.00 in a research note on Friday. Jefferies Financial Group cut their target price on shares of Honeywell International from $240.00 to $230.00 and set a "hold" rating for the company in a research report on Tuesday, October 7th. Finally, Morgan Stanley lifted their target price on shares of Honeywell International from $225.00 to $245.00 and gave the stock an "equal weight" rating in a research report on Monday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $251.27.

Honeywell International Stock Down 0.5%

HON opened at $219.65 on Friday. Honeywell International has a 12 month low of $179.36 and a 12 month high of $242.77. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.29 and a quick ratio of 0.97. The business has a 50 day simple moving average of $212.05 and a 200-day simple moving average of $217.19. The stock has a market capitalization of $139.46 billion, a P/E ratio of 24.94, a P/E/G ratio of 2.56 and a beta of 1.06.

Honeywell International (NASDAQ:HON - Get Free Report) last released its earnings results on Monday, December 11th. The conglomerate reported $2.25 EPS for the quarter. Honeywell International had a return on equity of 37.37% and a net margin of 14.30%.The company had revenue of $8.95 billion during the quarter. Honeywell International has set its Q4 2023 guidance at 2.530-2.630 EPS. FY 2023 guidance at 9.100-9.200 EPS. On average, equities analysts anticipate that Honeywell International will post 10.34 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Honeywell International news, CEO Lucian Boldea sold 42,149 shares of the business's stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $221.58, for a total value of $9,339,375.42. Following the completion of the transaction, the chief executive officer directly owned 10,334 shares in the company, valued at approximately $2,289,807.72. The trade was a 80.31% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.20% of the company's stock.

Hedge Funds Weigh In On Honeywell International

Several institutional investors have recently added to or reduced their stakes in HON. Nuveen LLC acquired a new position in shares of Honeywell International during the 1st quarter valued at about $1,150,929,000. Laurel Wealth Advisors LLC increased its position in Honeywell International by 23,503.0% during the second quarter. Laurel Wealth Advisors LLC now owns 3,716,532 shares of the conglomerate's stock worth $865,506,000 after purchasing an additional 3,700,786 shares during the last quarter. Wellington Management Group LLP increased its position in Honeywell International by 8.9% during the first quarter. Wellington Management Group LLP now owns 15,751,951 shares of the conglomerate's stock worth $3,335,476,000 after purchasing an additional 1,293,137 shares during the last quarter. Alliancebernstein L.P. increased its holdings in shares of Honeywell International by 64.6% during the 1st quarter. Alliancebernstein L.P. now owns 2,652,344 shares of the conglomerate's stock worth $561,634,000 after buying an additional 1,041,273 shares during the last quarter. Finally, Vista Cima Wealth Management LLC acquired a new stake in shares of Honeywell International during the 1st quarter worth $164,000. 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.

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