Honeywell International (NASDAQ:HON) Receives Buy (B-) Rating from Weiss Ratings

Key Points

• Honeywell International received a reaffirmed "buy (B-)" rating from Weiss Ratings, indicating positive sentiment from analysts regarding the company's stock performance.
• Several analysts, including Barclays and Deutsche Bank, have raised their price targets for Honeywell, with an average target of $251.80 following these updates.
• In its recent quarterly earnings, Honeywell reported $2.75 earnings per share, surpassing estimates and reflecting an 8.1% increase in revenue compared to the previous year.

Honeywell International (NASDAQ:HON - Get Free Report)'s stock had its "buy (b-)" rating reaffirmed by Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

A number of other research analysts have also issued reports on the stock. Barclays boosted their price target on shares of Honeywell International from $258.00 to $265.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 9th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Honeywell International from $268.00 to $271.00 and gave the stock a "buy" rating in a research note on Thursday, October 2nd. Royal Bank Of Canada lowered their target price on shares of Honeywell International from $254.00 to $253.00 and set a "sector perform" rating on the stock in a research report on Friday, July 25th. Wells Fargo & Company lowered their target price on shares of Honeywell International from $230.00 to $220.00 and set an "equal weight" rating on the stock in a research report on Monday. Finally, Morgan Stanley upped 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 research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and eight have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Honeywell International currently has an average rating of "Moderate Buy" and an average price target of $251.80.

Honeywell International Trading Up 0.4%

NASDAQ HON opened at $209.85 on Wednesday. Honeywell International has a one year low of $179.36 and a one year high of $242.77. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.97 and a current ratio of 1.29. The firm's fifty day moving average is $214.81 and its two-hundred day moving average is $217.33. The firm has a market cap of $133.23 billion, a PE ratio of 23.87, a P/E/G ratio of 2.34 and a beta of 1.06.

Honeywell International (NASDAQ:HON - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The conglomerate reported $2.75 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.66 by $0.09. Honeywell International had a net margin of 14.30% and a return on equity of 37.37%. The business had revenue of $10.35 billion for the quarter, compared to analyst estimates of $10.01 billion. During the same period in the previous year, the business posted $2.49 earnings per share. The business's revenue was up 8.1% compared to the same quarter last year. Honeywell International has set its FY 2025 guidance at 10.450-10.650 EPS. Q3 2025 guidance at 2.500-2.600 EPS. Analysts expect that Honeywell International will post 10.34 earnings per share for the current year.

Insider Activity

In other Honeywell International news, CEO Lucian Boldea sold 42,149 shares of the company's stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $221.58, for a total value of $9,339,375.42. Following the sale, the chief executive officer owned 10,334 shares of the company's stock, 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 accessible through the SEC website. 0.20% of the stock is owned by company insiders.

Hedge Funds Weigh In On Honeywell International

Several institutional investors and hedge funds have recently modified their holdings of the company. BankPlus Wealth Management LLC lifted its stake in shares of Honeywell International by 2.2% during the second quarter. BankPlus Wealth Management LLC now owns 1,986 shares of the conglomerate's stock valued at $463,000 after buying an additional 43 shares during the period. Summit Wealth Group LLC lifted its stake in shares of Honeywell International by 4.3% during the second quarter. Summit Wealth Group LLC now owns 1,115 shares of the conglomerate's stock valued at $260,000 after buying an additional 46 shares during the period. Maia Wealth LLC lifted its stake in shares of Honeywell International by 4.1% during the first quarter. Maia Wealth LLC now owns 1,189 shares of the conglomerate's stock valued at $238,000 after buying an additional 47 shares during the period. Capital Advisors Ltd. LLC lifted its stake in shares of Honeywell International by 1.8% during the second quarter. Capital Advisors Ltd. LLC now owns 2,696 shares of the conglomerate's stock valued at $628,000 after buying an additional 47 shares during the period. Finally, Bar Harbor Wealth Management lifted its stake in shares of Honeywell International by 0.3% during the second quarter. Bar Harbor Wealth Management now owns 15,192 shares of the conglomerate's stock valued at $3,538,000 after buying an additional 47 shares during the period. Hedge funds and other 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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