Honeywell International (NASDAQ:HON) Given New $178.00 Price Target at JPMorgan Chase & Co.

Honeywell International (NASDAQ:HON - Get Free Report) had its price objective lowered by investment analysts at JPMorgan Chase & Co. from $205.00 to $178.00 in a research report issued on Tuesday,Benzinga reports. The brokerage presently has a "neutral" rating on the conglomerate's stock. JPMorgan Chase & Co.'s target price indicates a potential downside of 10.35% from the stock's current price.

A number of other research analysts have also recently commented on the company. StockNews.com cut Honeywell International from a "buy" rating to a "hold" rating in a research report on Monday, December 23rd. Royal Bank of Canada reduced their price target on shares of Honeywell International from $253.00 to $236.00 and set a "sector perform" rating on the stock in a research report on Friday, February 7th. Citigroup lowered 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. The Goldman Sachs Group raised their target price on Honeywell International from $227.00 to $256.00 and gave the company a "buy" rating in a report on Thursday, December 12th. Finally, Hsbc Global Res raised Honeywell International to a "strong-buy" rating in a research note on Wednesday, December 11th. Ten equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Honeywell International currently has a consensus rating of "Hold" and an average target price of $245.00.

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Honeywell International Stock Performance

HON stock traded up $5.16 during mid-day trading on Tuesday, hitting $198.55. 5,102,399 shares of the company were exchanged, compared to its average volume of 3,625,920. Honeywell International has a 1-year low of $179.36 and a 1-year high of $242.77. The stock has a market capitalization of $129.04 billion, a PE ratio of 22.80, a price-to-earnings-growth ratio of 2.51 and a beta of 1.01. The business has a 50 day simple moving average of $207.27 and a 200-day simple moving average of $216.42. The company has a current ratio of 1.31, a quick ratio of 1.01 and a debt-to-equity ratio of 1.33.

Honeywell International (NASDAQ:HON - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The conglomerate reported $2.47 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%. On average, equities analysts forecast that Honeywell International will post 10.34 earnings per share for the current year.

Insiders Place Their Bets

In related news, VP Anne T. Madden sold 28,885 shares of the firm's stock in a transaction that occurred 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 owns 41,580 shares of the company's stock, valued at $8,644,066.20. This trade represents a 40.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.41% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Mainstream Capital Management LLC acquired a new stake in shares of Honeywell International in the 4th quarter valued at about $25,000. Avalon Trust Co raised its holdings in Honeywell International by 166.7% during the fourth quarter. Avalon Trust Co now owns 120 shares of the conglomerate's stock worth $27,000 after buying an additional 75 shares during the last quarter. Mpwm Advisory Solutions LLC bought a new position in shares of Honeywell International in the fourth quarter valued at $29,000. Hoese & Co LLP bought a new stake in shares of Honeywell International during the fourth quarter worth about $30,000. Finally, Financial Avengers Inc. raised its holdings in shares of Honeywell International by 48.1% in the 3rd quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate's stock worth $32,000 after acquiring an additional 50 shares during the last quarter. 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.