Honeywell International (NASDAQ:HON) Price Target Raised to $258.00 at Barclays

Honeywell International (NASDAQ:HON - Get Free Report) had its price objective hoisted by stock analysts at Barclays from $243.00 to $258.00 in a research report issued on Wednesday,Benzinga reports. The brokerage presently has an "overweight" rating on the conglomerate's stock. Barclays's target price suggests a potential upside of 16.47% from the company's previous close.

A number of other brokerages have also recently weighed in on HON. Mizuho lifted their price objective on Honeywell International from $235.00 to $250.00 and gave the company an "outperform" rating in a research note on Friday, May 16th. Bank of America raised Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 price target for the company in a report on Wednesday, May 7th. Royal Bank Of Canada raised their target price on Honeywell International from $211.00 to $226.00 and gave the stock a "sector perform" rating in a research report on Wednesday, April 30th. JPMorgan Chase & Co. boosted their target price on Honeywell International from $182.00 to $217.00 and gave the stock a "neutral" rating in a research note on Friday, May 16th. Finally, Wells Fargo & Company increased their price target on shares of Honeywell International from $205.00 to $225.00 and gave the company an "equal weight" rating in a research note on Wednesday, April 30th. Eight research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $249.21.

Honeywell International Trading Down 1.1%

NASDAQ:HON opened at $221.52 on Wednesday. The firm has a 50 day moving average of $214.63 and a 200 day moving average of $215.92. The company has a quick ratio of 0.95, a current ratio of 1.25 and a debt-to-equity ratio of 1.43. 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 $142.37 billion, a price-to-earnings ratio of 25.46, a PEG ratio of 2.61 and a beta of 1.08.

Honeywell International (NASDAQ:HON - Get Free Report) last posted its earnings results on Tuesday, April 29th. The conglomerate reported $2.51 EPS for the quarter, beating analysts' consensus estimates of $2.21 by $0.30. Honeywell International had a return on equity of 36.19% and a net margin of 14.51%. The firm had revenue of $9.82 billion for the quarter, compared to analysts' expectations of $9.59 billion. During the same period last year, the firm earned $2.25 EPS. The company's quarterly revenue was up 7.9% on a year-over-year basis. As a group, sell-side analysts anticipate that Honeywell International will post 10.34 earnings per share for the current fiscal year.

Institutional Trading of Honeywell International

Hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of Honeywell International by 0.7% in the first quarter. Vanguard Group Inc. now owns 62,209,455 shares of the conglomerate's stock worth $13,172,852,000 after buying an additional 447,744 shares during the period. Wellington Management Group LLP raised its position in shares of Honeywell International by 8.9% during the 1st 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 period. Geode Capital Management LLC lifted its holdings in shares of Honeywell International by 4.4% in the 4th quarter. Geode Capital Management LLC now owns 14,988,152 shares of the conglomerate's stock worth $3,379,568,000 after purchasing an additional 627,422 shares during the last quarter. Capital World Investors bought a new position in Honeywell International during the 4th quarter worth $1,594,216,000. Finally, Bank of New York Mellon Corp increased its position in Honeywell International by 10.3% in the fourth quarter. Bank of New York Mellon Corp now owns 6,763,764 shares of the conglomerate's stock worth $1,527,867,000 after buying an additional 631,761 shares during the period. 75.91% of the stock is owned by hedge funds and other institutional investors.

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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