Honeywell International (NASDAQ:HON) Stock Price Expected to Rise, Royal Bank of Canada Analyst Says

Honeywell International (NASDAQ:HON - Get Free Report) had its price objective raised by research analysts at Royal Bank of Canada from $213.00 to $253.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has a "sector perform" rating on the conglomerate's stock. Royal Bank of Canada's price target points to a potential upside of 8.55% from the stock's current price.

A number of other equities analysts also recently weighed in on the stock. Baird R W downgraded shares of Honeywell International from a "strong-buy" rating to a "hold" rating in a report on Friday, October 25th. Bank of America restated a "neutral" rating and issued a $230.00 price objective (down from $250.00) on shares of Honeywell International in a research note on Thursday, October 24th. Wolfe Research cut Honeywell International from an "outperform" rating to a "peer perform" rating in a research note on Monday, October 28th. JPMorgan Chase & Co. decreased their price target on Honeywell International from $235.00 to $233.00 and set a "neutral" rating on the stock in a research report on Friday, October 25th. Finally, Morgan Stanley began coverage on shares of 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. Nine equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, Honeywell International has an average rating of "Hold" and a consensus price target of $240.55.

Honeywell International Stock Performance

Shares of NASDAQ:HON traded down $0.84 during midday trading on Wednesday, reaching $233.07. The company had a trading volume of 5,520,756 shares, compared to its average volume of 3,096,953. The company's 50 day moving average price is $209.67 and its 200 day moving average price is $207.16. The company has a current ratio of 1.44, a quick ratio of 1.12 and a debt-to-equity ratio of 1.44. The stock has a market cap of $151.55 billion, a P/E ratio of 27.02, a P/E/G ratio of 2.78 and a beta of 1.03. Honeywell International has a 52-week low of $188.65 and a 52-week high of $242.77.

Hedge Funds Weigh In On Honeywell International

Large investors have recently added to or reduced their stakes in the business. Cypress Wealth Services LLC increased its stake in shares of Honeywell International by 2.5% in the 2nd quarter. Cypress Wealth Services LLC now owns 1,952 shares of the conglomerate's stock worth $417,000 after purchasing an additional 47 shares in the last quarter. Absher Wealth Management LLC raised its stake in shares of Honeywell International by 2.5% in the third quarter. Absher Wealth Management LLC now owns 1,999 shares of the conglomerate's stock worth $413,000 after buying an additional 49 shares during the period. Bard Financial Services Inc. grew its stake in shares of Honeywell International by 0.3% during the 2nd quarter. Bard Financial Services Inc. now owns 17,594 shares of the conglomerate's stock valued at $3,757,000 after acquiring an additional 50 shares during the period. ZRC Wealth Management LLC increased its holdings in Honeywell International by 11.6% in the 3rd quarter. ZRC Wealth Management LLC now owns 480 shares of the conglomerate's stock worth $99,000 after acquiring an additional 50 shares in the last quarter. Finally, CFM Wealth Partners LLC raised its stake in Honeywell International by 4.0% during the 3rd quarter. CFM Wealth Partners LLC now owns 1,288 shares of the conglomerate's stock worth $264,000 after acquiring an additional 50 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.