Royal Bank of Canada Reaffirms “Sector Perform” Rating for Honeywell International (NASDAQ:HON)

Honeywell International (NASDAQ:HON)‘s stock had its “sector perform” rating reaffirmed by equities research analysts at Royal Bank of Canada in a research report issued on Tuesday,Benzinga reports. They presently have a $253.00 target price on the conglomerate’s stock. Royal Bank of Canada’s price target points to a potential upside of 10.10% from the stock’s current price.

HON has been the subject of several other reports. Morgan Stanley initiated coverage on Honeywell International in a research note on Friday, September 6th. They set an “equal weight” rating and a $210.00 price objective for the company. Robert W. Baird downgraded Honeywell International from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from $223.00 to $217.00 in a research note on Friday, October 25th. JPMorgan Chase & Co. reduced their price objective on Honeywell International from $235.00 to $233.00 and set a “neutral” rating for the company in a research note on Friday, October 25th. Barclays upped their price objective on Honeywell International from $229.00 to $252.00 and gave the company an “overweight” rating in a research note on Wednesday, November 13th. Finally, Wells Fargo & Company upped their price objective on Honeywell International from $215.00 to $254.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 13th. Nine investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $241.45.

Honeywell International Stock Up 1.2 %

Honeywell International stock opened at $229.79 on Tuesday. Honeywell International has a fifty-two week low of $189.66 and a fifty-two week high of $242.77. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.12 and a current ratio of 1.44. The company has a market capitalization of $149.42 billion, a P/E ratio of 26.53, a PEG ratio of 2.73 and a beta of 1.05. The stock has a 50-day simple moving average of $217.99 and a 200-day simple moving average of $210.48.

Institutional Investors Weigh In On Honeywell International

A number of institutional investors and hedge funds have recently modified their holdings of HON. Simplicity Wealth LLC grew its holdings in shares of Honeywell International by 2.1% in the 2nd quarter. Simplicity Wealth LLC now owns 26,836 shares of the conglomerate’s stock worth $5,731,000 after acquiring an additional 561 shares during the period. CX Institutional grew its holdings in Honeywell International by 1.8% during the 2nd quarter. CX Institutional now owns 6,744 shares of the conglomerate’s stock valued at $1,440,000 after buying an additional 119 shares during the last quarter. Bourgeon Capital Management LLC grew its holdings in Honeywell International by 0.3% during the 2nd quarter. Bourgeon Capital Management LLC now owns 78,584 shares of the conglomerate’s stock valued at $16,781,000 after buying an additional 227 shares during the last quarter. Ellenbecker Investment Group grew its holdings in Honeywell International by 11.0% during the 2nd quarter. Ellenbecker Investment Group now owns 6,474 shares of the conglomerate’s stock valued at $1,383,000 after buying an additional 639 shares during the last quarter. Finally, Talbot Financial LLC grew its holdings in Honeywell International by 1.2% during the 2nd quarter. Talbot Financial LLC now owns 58,390 shares of the conglomerate’s stock valued at $12,469,000 after buying an additional 682 shares during the last quarter. Institutional investors and hedge funds own 75.91% of the company’s stock.

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.