Honeywell International (NASDAQ:HON) Price Target Lowered to $235.00 at Royal Bank Of Canada

Key Points

• Honeywell International's price target has been lowered by Royal Bank Of Canada from $253.00 to $235.00, indicating a potential upside of 6.99% from the previous close.
• Multiple brokerages have recently adjusted their targets, with Morgan Stanley raising its price target to $245.00 and Deutsche Bank increasing it to $271.00.
• The company has a consensus rating of "Moderate Buy" with an average target price of $251.27, while CEO Lucian Boldea recently sold 42,149 shares, marking an 80.31% decrease in his ownership.

Honeywell International (NASDAQ:HON - Get Free Report) had its price objective dropped by analysts at Royal Bank Of Canada from $253.00 to $235.00 in a research report issued on Friday,MarketScreener reports. The firm presently has a "sector perform" rating on the conglomerate's stock. Royal Bank Of Canada's price objective points to a potential upside of 6.99% from the stock's previous close.

Several other brokerages have also recently weighed in on HON. Morgan Stanley increased their price target on shares of Honeywell International from $225.00 to $245.00 and gave the company an "equal weight" rating in a research report on Monday, July 28th. JPMorgan Chase & Co. raised 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. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Honeywell International from $268.00 to $271.00 and gave the company a "buy" rating in a research report on Thursday, October 2nd. Barclays lifted their target price on shares of Honeywell International from $258.00 to $265.00 and gave the company an "overweight" rating in a report on Wednesday, July 9th. Finally, Robert W. Baird lowered their price objective on Honeywell International from $250.00 to $220.00 and set a "neutral" rating for the company in a research note on Monday, October 13th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eight have given a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $251.27.

Honeywell International Price Performance

Shares of Honeywell International stock opened at $219.65 on Friday. Honeywell International has a 52-week low of $179.36 and a 52-week high of $242.77. The stock has a market capitalization of $139.46 billion, a price-to-earnings ratio of 24.94, a price-to-earnings-growth ratio of 2.56 and a beta of 1.06. The company has a fifty day moving average of $212.05 and a 200-day moving average of $217.19. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.97 and a current ratio of 1.29.

Honeywell International (NASDAQ:HON - Get Free Report) last posted its quarterly earnings results on Monday, December 11th. The conglomerate reported $2.25 earnings per share (EPS) for the quarter. Honeywell International had a net margin of 14.30% and a return on equity of 37.37%. The business 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. Equities research analysts expect that Honeywell International will post 10.34 EPS for the current year.

Insider Activity at Honeywell International

In related news, CEO Lucian Boldea sold 42,149 shares of the stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $221.58, for a total transaction of $9,339,375.42. Following the transaction, the chief executive officer owned 10,334 shares in the company, valued at $2,289,807.72. This represents a 80.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Chung Wu Investment Group LLC bought a new position in Honeywell International in the second quarter worth approximately $26,000. Barnes Dennig Private Wealth Management LLC raised its holdings in Honeywell International by 491.7% during the third quarter. Barnes Dennig Private Wealth Management LLC now owns 142 shares of the conglomerate's stock valued at $30,000 after acquiring an additional 118 shares during the period. Pandora Wealth Inc. bought a new stake in Honeywell International in the 1st quarter valued at $33,000. RMG Wealth Management LLC bought a new stake in shares of Honeywell International in the second quarter worth about $33,000. Finally, Activest Wealth Management increased its stake in Honeywell International by 425.9% in the 2nd quarter. Activest Wealth Management now owns 142 shares of the conglomerate's stock worth $33,000 after acquiring an additional 115 shares during the last quarter. Institutional investors own 75.91% of the company's stock.

Honeywell International Company Profile

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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