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

Key Points

• Morgan Stanley has increased its target price for Honeywell International from $225 to $245, indicating a potential upside of 9.26% from the previous close.
• Analysts have varying outlooks on the stock, with some lowering their price targets and others giving it a buy rating, resulting in an overall consensus rating of "Moderate Buy" and a target price of $254.
• Honeywell reported strong earnings with an EPS of $2.75 for the last quarter, exceeding analysts' expectations and reflecting an 8.1% year-over-year revenue growth.

Honeywell International (NASDAQ:HON - Get Free Report) had its target price boosted by equities researchers at Morgan Stanley from $225.00 to $245.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has an "equal weight" rating on the conglomerate's stock. Morgan Stanley's price target indicates a potential upside of 10.13% from the stock's current price.

A number of other research firms have also recently commented on HON. Barclays lifted their target price on Honeywell International from $258.00 to $265.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 9th. Wells Fargo & Company decreased their target price on shares of Honeywell International from $240.00 to $230.00 and set an "equal weight" rating for the company in a research note on Friday, July 25th. JPMorgan Chase & Co. increased their target price on shares of Honeywell International from $182.00 to $217.00 and gave the stock a "neutral" rating in a research note on Friday, May 16th. Mizuho increased their target price on shares of Honeywell International from $235.00 to $250.00 and gave the stock an "outperform" rating in a research note on Friday, May 16th. Finally, Bank of America upgraded shares of Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 target price for the company in a research note on Wednesday, May 7th. Eight research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Honeywell International has a consensus rating of "Moderate Buy" and a consensus target price of $254.00.

Honeywell International Stock Up 0.1%

Shares of NASDAQ:HON traded up $0.31 on Monday, hitting $222.47. 1,372,146 shares of the company's stock were exchanged, compared to its average volume of 4,136,467. The firm's 50-day moving average is $229.35 and its 200 day moving average is $217.06. The company has a market capitalization of $141.24 billion, a PE ratio of 25.32, a P/E/G ratio of 2.51 and a beta of 1.07. Honeywell International has a 1-year low of $179.36 and a 1-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.

Honeywell International (NASDAQ:HON - Get Free Report) last posted its earnings results on Thursday, July 24th. The conglomerate reported $2.75 EPS for the quarter, topping analysts' consensus estimates of $2.66 by $0.09. Honeywell International had a return on equity of 37.37% and a net margin of 14.30%. The business had revenue of $10.35 billion for the quarter, compared to analysts' expectations of $10.01 billion. During the same quarter in the previous year, the firm earned $2.49 earnings per share. The business's revenue was up 8.1% compared to the same quarter last year. Sell-side analysts predict that Honeywell International will post 10.34 EPS for the current year.

Institutional Investors Weigh In On Honeywell International

A number of large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in Honeywell International by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 62,209,455 shares of the conglomerate's stock valued at $13,172,852,000 after acquiring an additional 447,744 shares during the last quarter. Wellington Management Group LLP boosted its stake 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 last quarter. Geode Capital Management LLC boosted its stake in shares of Honeywell International by 4.4% during 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 acquired a new stake in shares of Honeywell International during the 4th quarter worth about $1,594,216,000. Finally, Capital Research Global Investors boosted its stake in shares of Honeywell International by 5.5% during the 4th quarter. Capital Research Global Investors now owns 6,641,017 shares of the conglomerate's stock worth $1,500,141,000 after purchasing an additional 346,190 shares during the last quarter. 75.91% of the stock is 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.