Barclays Forecasts Strong Price Appreciation for Honeywell International (NASDAQ:HON) Stock

Honeywell International (NASDAQ:HON - Free Report) had its price target boosted by Barclays from $255.00 to $260.00 in a research note released on Friday,Benzinga reports. Barclays currently has an overweight rating on the conglomerate's stock.

A number of other analysts also recently issued reports on the company. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $253.00 target price on shares of Honeywell International in a research report on Tuesday, December 3rd. Hsbc Global Res raised shares of Honeywell International to a "strong-buy" rating in a research report on Wednesday, December 11th. Jefferies Financial Group lifted their price objective on shares of Honeywell International from $220.00 to $260.00 and gave the company a "hold" rating in a research report on Tuesday, December 17th. JPMorgan Chase & Co. cut their target price on shares of Honeywell International from $233.00 to $231.00 and set a "neutral" rating for the company in a research note on Wednesday. Finally, Robert W. Baird downgraded Honeywell International from an "outperform" rating to a "neutral" rating and lowered their price target for the stock from $223.00 to $217.00 in a research report on Friday, October 25th. Eleven investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $248.29.

Honeywell International Stock Down 0.0 %

NASDAQ HON traded down $0.11 on Friday, reaching $222.58. The company had a trading volume of 3,349,057 shares, compared to its average volume of 3,230,753. The company's fifty day moving average is $227.06 and its 200-day moving average is $214.44. Honeywell International has a 1-year low of $189.66 and a 1-year high of $242.77. The firm has a market capitalization of $144.73 billion, a price-to-earnings ratio of 25.70, a price-to-earnings-growth 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.

Institutional Trading of Honeywell International

Hedge funds have recently made changes to their positions in the company. Teachers Insurance & Annuity Association of America acquired a new stake in shares of Honeywell International in the third quarter valued at about $25,000. Hoese & Co LLP bought a new position in Honeywell International during the 4th quarter worth approximately $30,000. Reston Wealth Management LLC acquired a new position in shares of Honeywell International in the 3rd quarter worth approximately $29,000. Financial Avengers Inc. boosted its stake in shares of Honeywell International by 48.1% in the 3rd quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate's stock valued at $32,000 after purchasing an additional 50 shares during the last quarter. Finally, Planning Capital Management Corp boosted its stake in shares of Honeywell International by 96.4% in 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 last quarter. 75.91% of the stock is 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.