Honeywell International (NASDAQ:HON) Price Target Raised to $245.00 at Morgan Stanley

Key Points

• Morgan Stanley raised its price target on Honeywell to $245 (from $235) while keeping an "equal weight" rating, implying roughly a 2.3% upside from the prior close.
• Analyst consensus remains moderately positive with 12 Buys, 8 Holds and 1 Sell, giving an average rating of "Moderate Buy" and an average target price of $251.65.
• Honeywell beat expectations last quarter with $2.59 EPS vs. $2.54 expected and revenue of $10.07 billion vs. $9.60 billion expected, representing 6.4% year‑over‑year revenue growth.

Honeywell International (NASDAQ:HON - Get Free Report) had its target price hoisted by investment analysts at Morgan Stanley from $235.00 to $245.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has an "equal weight" rating on the conglomerate's stock. Morgan Stanley's price objective points to a potential upside of 2.32% from the company's previous close.

A number of other equities analysts also recently weighed in on the stock. Mizuho lowered their target price on shares of Honeywell International from $250.00 to $240.00 and set an "outperform" rating for the company in a research note on Monday, January 5th. Wall Street Zen upgraded Honeywell International to a "hold" rating in a report on Saturday, January 3rd. Weiss Ratings restated a "hold (c+)" rating on shares of Honeywell International in a research report on Monday, December 29th. Daiwa Securities Group lifted their target price on Honeywell International from $230.00 to $240.00 in a report on Tuesday, February 3rd. Finally, JPMorgan Chase & Co. raised their price objective on shares of Honeywell International from $255.00 to $260.00 and gave the stock an "overweight" rating in a research report on Friday, January 30th. Twelve analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Honeywell International presently has an average rating of "Moderate Buy" and an average target price of $251.65.

Honeywell International Trading Down 0.5%

Shares of HON stock opened at $239.44 on Thursday. Honeywell International has a 1-year low of $169.21 and a 1-year high of $248.18. The company has a current ratio of 1.30, a quick ratio of 1.03 and a debt-to-equity ratio of 1.81. The stock has a market cap of $152.21 billion, a price-to-earnings ratio of 29.97, a PEG ratio of 3.49 and a beta of 0.92. The stock has a 50-day moving average of $228.24 and a 200-day moving average of $212.16.

Honeywell International (NASDAQ:HON - Get Free Report) last posted its quarterly earnings data on Thursday, January 29th. The conglomerate reported $2.59 EPS for the quarter, topping analysts' consensus estimates of $2.54 by $0.05. The company had revenue of $10.07 billion for the quarter, compared to analyst estimates of $9.60 billion. Honeywell International had a return on equity of 40.64% and a net margin of 12.74%.The firm's quarterly revenue was up 6.4% on a year-over-year basis. During the same period in the previous year, the firm earned $2.47 earnings per share. On average, equities research analysts forecast that Honeywell International will post 10.34 earnings per share for the current year.

Insider Buying and Selling at Honeywell International

In other Honeywell International news, Director D Scott Davis sold 2,367 shares of the business's stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $240.00, for a total transaction of $568,080.00. Following the completion of the sale, the director owned 31,081 shares in the company, valued at approximately $7,459,440. The trade was a 7.08% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Robert D. Mailloux sold 5,274 shares of the company's stock in a transaction on Friday, February 6th. The stock was sold at an average price of $239.00, for a total transaction of $1,260,486.00. Following the transaction, the vice president owned 4,803 shares in the company, valued at approximately $1,147,917. The trade was a 52.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 18,190 shares of company stock valued at $4,244,287. 0.20% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Honeywell International

Several large investors have recently added to or reduced their stakes in the business. Caitlin John LLC raised its stake in shares of Honeywell International by 138.9% in the fourth quarter. Caitlin John LLC now owns 129 shares of the conglomerate's stock worth $25,000 after purchasing an additional 75 shares during the last quarter. Holos Integrated Wealth LLC purchased a new position in shares of Honeywell International during the fourth quarter valued at approximately $25,000. Ares Financial Consulting LLC purchased a new stake in Honeywell International in the 4th quarter valued at $26,000. Howard Hughes Medical Institute bought a new position in Honeywell International during the 2nd quarter valued at $33,000. Finally, Barnes Dennig Private Wealth Management LLC grew its stake in shares of Honeywell International by 491.7% in the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 142 shares of the conglomerate's stock worth $30,000 after acquiring an additional 118 shares in the last quarter. Institutional investors own 75.91% of the company's stock.

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.

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