Honeywell International (NASDAQ:HON) Price Target Lowered to $231.00 at JPMorgan Chase & Co.

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

Several other equities research analysts have also recently commented on HON. UBS Group reissued a "buy" rating and issued a $298.00 price target (up previously from $215.00) on shares of Honeywell International in a research note on Wednesday, November 13th. Baird R W lowered shares of Honeywell International from a "strong-buy" rating to a "hold" rating in a research note on Friday, October 25th. HSBC raised shares of Honeywell International from a "hold" rating to a "buy" rating and set a $290.00 price objective for the company in a research note on Wednesday, December 11th. Royal Bank of Canada reissued a "sector perform" rating and set a $253.00 target price on shares of Honeywell International in a research report on Tuesday, December 3rd. Finally, Robert W. Baird downgraded Honeywell International from an "outperform" rating to a "neutral" rating and decreased their price target for the stock from $223.00 to $217.00 in a research note on Friday, October 25th. Eleven analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $247.93.

Honeywell International Stock Up 0.4 %

Shares of NASDAQ HON traded up $0.92 during mid-day trading on Wednesday, reaching $219.42. The company had a trading volume of 3,094,938 shares, compared to its average volume of 3,366,580. The stock has a market capitalization of $142.68 billion, a PE ratio of 25.34, a price-to-earnings-growth ratio of 2.85 and a beta of 1.06. Honeywell International has a twelve month low of $189.66 and a twelve month high of $242.77. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.12 and a current ratio of 1.44. The stock's 50 day moving average is $226.83 and its 200-day moving average is $214.27.

Institutional Trading of Honeywell International

Institutional investors and hedge funds have recently modified their holdings of the company. Teachers Insurance & Annuity Association of America bought a new stake in Honeywell International in the 3rd quarter valued at $25,000. Reston Wealth Management LLC acquired a new stake in shares of Honeywell International during the 3rd quarter valued at about $29,000. Financial Avengers Inc. increased its stake in Honeywell International by 48.1% in the third quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate's stock valued at $32,000 after acquiring an additional 50 shares during the period. Planning Capital Management Corp raised its position in Honeywell International by 96.4% in the third quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate's stock worth $34,000 after purchasing an additional 81 shares in the last quarter. Finally, Western Pacific Wealth Management LP bought a new position in Honeywell International during the third quarter worth about $41,000. 75.91% of the stock is currently owned by institutional investors.

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.