JPMorgan Chase & Co. Issues Pessimistic Forecast for Honeywell International (NASDAQ:HON) Stock Price

Honeywell International (NASDAQ:HON - Free Report) had its price objective decreased by JPMorgan Chase & Co. from $233.00 to $231.00 in a research report report published on Wednesday,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the conglomerate's stock.

Several other research firms have also recently commented on HON. HSBC upgraded shares of Honeywell International from a "hold" rating to a "buy" rating and set a $290.00 price target for the company in a report on Wednesday, December 11th. Wells Fargo & Company decreased their target price on shares of Honeywell International from $254.00 to $240.00 and set an "equal weight" rating for the company in a research note on Tuesday, January 7th. UBS Group reiterated a "buy" rating and set a $298.00 price objective (up from $215.00) on shares of Honeywell International in a report on Wednesday, November 13th. Wolfe Research cut Honeywell International from an "outperform" rating to a "peer perform" rating in a research report on Monday, October 28th. Finally, Citigroup dropped their target price on Honeywell International from $268.00 to $266.00 and set a "buy" rating on the stock in a research report on Monday. Eleven investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $247.93.

Honeywell International Stock Up 1.4 %

NASDAQ:HON traded up $3.15 during trading hours on Wednesday, hitting $222.69. 4,611,652 shares of the company's stock traded hands, compared to its average volume of 3,695,215. The stock's fifty day moving average price is $226.89 and its two-hundred day moving average price is $214.30. The firm has a market cap of $144.80 billion, a P/E ratio of 25.71, a P/E/G ratio of 2.40 and a beta of 1.06. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.12 and a current ratio of 1.44. Honeywell International has a twelve month low of $189.66 and a twelve month high of $242.77.

Institutional Trading of Honeywell International

A number of institutional investors and hedge funds have recently modified their holdings of HON. Teachers Insurance & Annuity Association of America bought a new position in Honeywell International in the 3rd quarter worth $25,000. Reston Wealth Management LLC acquired a new stake in shares of Honeywell International in the third quarter valued at about $29,000. Hoese & Co LLP bought a new position in shares of Honeywell International in the fourth quarter worth about $30,000. Financial Avengers Inc. lifted its position in shares of Honeywell International by 48.1% during the 3rd quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate's stock worth $32,000 after purchasing an additional 50 shares during the last quarter. Finally, Planning Capital Management Corp boosted its stake in Honeywell International by 96.4% during the 3rd quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate's stock valued at $34,000 after purchasing an additional 81 shares during the period. 75.91% of the stock is currently owned by institutional investors and hedge funds.

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.