Honeywell International’s (HON) Sector Perform Rating Reaffirmed at Royal Bank of Canada

Honeywell International (NASDAQ:HON)‘s stock had its “sector perform” rating restated by analysts at Royal Bank of Canada in a note issued to investors on Thursday, Benzinga reports. They presently have a $214.00 target price on the conglomerate’s stock. Royal Bank of Canada’s price target points to a potential upside of 3.42% from the company’s previous close.

HON has been the subject of several other research reports. Citigroup increased their target price on shares of Honeywell International from $243.00 to $244.00 and gave the stock a “buy” rating in a research note on Tuesday, June 4th. Wells Fargo & Company lowered their target price on Honeywell International from $220.00 to $215.00 and set an “equal weight” rating on the stock in a research note on Friday, July 26th. Morgan Stanley started coverage on Honeywell International in a report on Friday, September 6th. They issued an “equal weight” rating and a $210.00 target price on the stock. UBS Group raised Honeywell International from a “sell” rating to a “neutral” rating and increased their price target for the stock from $175.00 to $215.00 in a report on Monday, June 10th. Finally, Daiwa America raised shares of Honeywell International to a “moderate buy” rating in a report on Wednesday, June 5th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $223.13.

Honeywell International Stock Performance

Shares of HON traded up $0.14 during midday trading on Thursday, reaching $206.92. 235,408 shares of the stock were exchanged, compared to its average volume of 2,816,291. The company has a market capitalization of $134.74 billion, a price-to-earnings ratio of 23.98, a PEG ratio of 2.32 and a beta of 1.03. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.21 and a quick ratio of 0.91. Honeywell International has a twelve month low of $174.88 and a twelve month high of $220.79. The business’s 50-day moving average price is $203.73 and its 200 day moving average price is $203.55.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings data on Thursday, July 25th. The conglomerate reported $2.49 earnings per share for the quarter, beating the consensus estimate of $2.42 by $0.07. The business had revenue of $9.58 billion during the quarter, compared to the consensus estimate of $9.41 billion. Honeywell International had a return on equity of 36.87% and a net margin of 15.49%. The company’s revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the company earned $2.23 earnings per share. On average, sell-side analysts expect that Honeywell International will post 10.11 EPS for the current fiscal year.

Hedge Funds Weigh In On Honeywell International

Hedge funds have recently added to or reduced their stakes in the business. Gryphon Financial Partners LLC raised its position in shares of Honeywell International by 211.0% in the fourth quarter. Gryphon Financial Partners LLC now owns 5,384 shares of the conglomerate’s stock valued at $1,130,000 after buying an additional 3,653 shares during the last quarter. Olympiad Research LP purchased a new position in shares of Honeywell International during the 4th quarter worth $294,000. TFO Wealth Partners LLC boosted its holdings in shares of Honeywell International by 1,523.0% during the fourth quarter. TFO Wealth Partners LLC now owns 3,603 shares of the conglomerate’s stock worth $756,000 after purchasing an additional 3,381 shares during the last quarter. Avestar Capital LLC grew its position in shares of Honeywell International by 14.4% in the fourth quarter. Avestar Capital LLC now owns 4,697 shares of the conglomerate’s stock valued at $985,000 after purchasing an additional 592 shares during the period. Finally, Gold Investment Management Ltd. purchased a new position in Honeywell International during the fourth quarter worth about $797,000. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

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.