Citigroup Cuts Honeywell International (NASDAQ:HON) Price Target to $244.00

Honeywell International (NASDAQ:HON - Get Free Report) had its price target reduced by research analysts at Citigroup from $248.00 to $244.00 in a research note issued on Friday, Benzinga reports. The firm currently has a "buy" rating on the conglomerate's stock. Citigroup's price target points to a potential upside of 17.31% from the stock's current price.

HON has been the subject of several other reports. Royal Bank of Canada cut their target price on shares of Honeywell International from $214.00 to $213.00 and set a "sector perform" rating for the company in a research note on Friday. Robert W. Baird downgraded shares of Honeywell International from an "outperform" rating to a "neutral" rating and cut their target price for the company from $223.00 to $217.00 in a research note on Friday. Wells Fargo & Company raised their price objective on shares of Honeywell International from $207.00 to $215.00 and gave the stock an "equal weight" rating in a research report on Friday. Morgan Stanley began coverage on shares of Honeywell International in a research report on Friday, September 6th. They set an "equal weight" rating and a $210.00 price objective for the company. Finally, Bank of America restated a "neutral" rating and set a $230.00 price objective (down from $250.00) on shares of Honeywell International in a research report on Thursday. Nine analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Honeywell International presently has a consensus rating of "Hold" and a consensus target price of $223.73.

Honeywell International Stock Down 0.5 %

Shares of Honeywell International stock traded down $1.10 during trading hours on Friday, reaching $208.00. 6,087,839 shares of the company's stock were exchanged, compared to its average volume of 2,908,814. The company has a 50 day moving average of $207.20 and a two-hundred day moving average of $205.32. Honeywell International has a fifty-two week low of $174.88 and a fifty-two week high of $222.98. The company has a current ratio of 1.21, a quick ratio of 0.91 and a debt-to-equity ratio of 1.19. The stock has a market cap of $135.45 billion, a P/E ratio of 24.10, a P/E/G ratio of 2.45 and a beta of 1.03.

Honeywell International (NASDAQ:HON - Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The conglomerate reported $2.58 EPS for the quarter, topping analysts' consensus estimates of $2.50 by $0.08. Honeywell International had a net margin of 15.49% and a return on equity of 36.87%. The company had revenue of $9.73 billion during the quarter, compared to the consensus estimate of $9.90 billion. On average, sell-side analysts forecast that Honeywell International will post 10.1 EPS for the current fiscal year.

Institutional Trading of Honeywell International

Several institutional investors have recently modified their holdings of the business. EP Wealth Advisors LLC boosted its position in Honeywell International by 4.4% during the second quarter. EP Wealth Advisors LLC now owns 337,380 shares of the conglomerate's stock valued at $72,044,000 after acquiring an additional 14,271 shares during the last quarter. Trilogy Capital Inc. raised its holdings in shares of Honeywell International by 125.7% during the first quarter. Trilogy Capital Inc. now owns 2,422 shares of the conglomerate's stock valued at $497,000 after purchasing an additional 1,349 shares during the period. Jupiter Asset Management Ltd. acquired a new position in shares of Honeywell International during the first quarter valued at about $1,398,000. Koshinski Asset Management Inc. raised its holdings in shares of Honeywell International by 237.3% during the first quarter. Koshinski Asset Management Inc. now owns 5,643 shares of the conglomerate's stock valued at $1,158,000 after purchasing an additional 3,970 shares during the period. Finally, Burke & Herbert Bank & Trust Co. raised its holdings in shares of Honeywell International by 167.2% during the second quarter. Burke & Herbert Bank & Trust Co. now owns 7,491 shares of the conglomerate's stock valued at $1,600,000 after purchasing an additional 4,687 shares during the period. Institutional investors own 75.91% of the company's stock.

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.