Honeywell International (NASDAQ:HON) Given New $247.00 Price Target at Barclays

Honeywell International (NASDAQ:HON) had its price target cut by analysts at Barclays from $251.00 to $247.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the conglomerate’s stock. Barclays‘s price objective would indicate a potential upside of 15.33% from the company’s previous close.

Several other equities analysts also recently commented on the stock. Jefferies Financial Group upped their price objective on shares of Honeywell International from $220.00 to $260.00 and gave the company a “hold” rating in a report on Tuesday, December 17th. Morgan Stanley upped their price target on shares of Honeywell International from $210.00 to $217.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 11th. Citigroup cut their price objective on shares of Honeywell International from $268.00 to $266.00 and set a “buy” rating for the company in a research report on Monday, January 13th. Hsbc Global Res raised Honeywell International to a “strong-buy” rating in a research report on Wednesday, December 11th. Finally, The Goldman Sachs Group increased their target price on Honeywell International from $227.00 to $256.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Ten research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $249.08.

Honeywell International Trading Up 0.5 %

Shares of NASDAQ:HON opened at $214.17 on Wednesday. Honeywell International has a 52-week low of $189.75 and a 52-week high of $242.77. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.01 and a current ratio of 1.31. The company has a market capitalization of $139.19 billion, a P/E ratio of 24.59, a price-to-earnings-growth ratio of 2.51 and a beta of 1.08. The company has a 50-day simple moving average of $213.45 and a 200 day simple moving average of $216.81.

Honeywell International (NASDAQ:HON) last released its quarterly earnings data on Thursday, February 6th. The conglomerate reported $2.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.37 by $0.10. Honeywell International had a return on equity of 35.78% and a net margin of 14.82%. Sell-side analysts forecast that Honeywell International will post 10.34 earnings per share for the current year.

Insider Buying and Selling

In related news, VP Anne T. Madden sold 28,885 shares of the company’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $207.89, for a total transaction of $6,004,902.65. Following the completion of the sale, the vice president now directly owns 41,580 shares in the company, valued at $8,644,066.20. This represents a 40.99 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.41% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Fire Capital Management LLC bought a new stake in shares of Honeywell International during the 4th quarter valued at approximately $452,000. Mascagni Wealth Management Inc. acquired a new stake in Honeywell International in the fourth quarter valued at approximately $84,000. Prostatis Group LLC grew its stake in shares of Honeywell International by 6.2% during the fourth quarter. Prostatis Group LLC now owns 1,700 shares of the conglomerate’s stock worth $384,000 after buying an additional 99 shares during the last quarter. DSG Capital Advisors LLC acquired a new position in shares of Honeywell International during the fourth quarter worth $2,400,000. Finally, Chancellor Financial Group WB LP bought a new position in shares of Honeywell International in the 4th quarter valued at $232,000. Institutional investors and hedge funds 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.