Honeywell International (NASDAQ:HON) Coverage Initiated by Analysts at BNP Paribas Exane

Equities researchers at BNP Paribas Exane assumed coverage on shares of Honeywell International (NASDAQ:HON) in a research report issued on Wednesday. The brokerage set a “neutral” rating and a $195.00 price target on the conglomerate’s stock. BNP Paribas Exane’s price target would indicate a potential upside of 0.72% from the stock’s current price.

A number of other analysts have also recently commented on HON. Royal Bank Of Canada raised Honeywell International from a “sector perform” rating to an “outperform” rating and boosted their price target for the stock from $235.00 to $253.00 in a research report on Monday, October 27th. Weiss Ratings reissued a “hold (c+)” rating on shares of Honeywell International in a report on Monday. Wells Fargo & Company cut their target price on Honeywell International from $230.00 to $218.00 and set an “equal weight” rating on the stock in a research note on Friday, November 14th. JPMorgan Chase & Co. lifted their price target on Honeywell International from $212.00 to $218.00 and gave the stock a “neutral” rating in a research report on Friday, October 24th. Finally, Argus dropped their price target on shares of Honeywell International from $250.00 to $225.00 in a research note on Friday, November 14th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $236.76.

Honeywell International Stock Up 0.2%

Shares of NASDAQ:HON traded up $0.45 during midday trading on Wednesday, reaching $193.60. The company’s stock had a trading volume of 363,305 shares, compared to its average volume of 4,341,743. The company has a quick ratio of 1.04, a current ratio of 1.36 and a debt-to-equity ratio of 1.70. The firm has a 50 day moving average of $201.98 and a 200-day moving average of $216.03. The firm has a market capitalization of $122.92 billion, a P/E ratio of 20.39, a PEG ratio of 2.58 and a beta of 0.96. Honeywell International has a 12-month low of $169.21 and a 12-month high of $228.04.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings results on Monday, December 11th. The conglomerate reported $2.25 earnings per share (EPS) for the quarter. Honeywell International had a net margin of 15.07% and a return on equity of 38.11%. The company had revenue of $8.95 billion during the quarter. Honeywell International has set its Q4 2023 guidance at 2.530-2.630 EPS and its FY 2023 guidance at 9.100-9.200 EPS. On average, research analysts anticipate that Honeywell International will post 10.34 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HON. Chung Wu Investment Group LLC purchased a new stake in Honeywell International during the 2nd quarter valued at $26,000. RMG Wealth Management LLC purchased a new position in shares of Honeywell International in the 2nd quarter worth $33,000. Howard Hughes Medical Institute bought a new stake in shares of Honeywell International in the second quarter worth $33,000. Activest Wealth Management increased its position in Honeywell International by 425.9% during the second quarter. Activest Wealth Management now owns 142 shares of the conglomerate’s stock valued at $33,000 after acquiring an additional 115 shares during the last quarter. Finally, Barnes Dennig Private Wealth Management LLC lifted its holdings in Honeywell International by 491.7% in the third quarter. Barnes Dennig Private Wealth Management LLC now owns 142 shares of the conglomerate’s stock valued at $30,000 after acquiring an additional 118 shares during the period. Institutional investors 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.