Honeywell International Inc. (NASDAQ:HON) Receives Average Recommendation of “Hold” from Analysts

Shares of Honeywell International Inc. (NASDAQ:HON) have been assigned an average rating of “Hold” from the twenty ratings firms that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, ten have given a hold rating and nine have given a buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $234.30.

A number of analysts have commented on HON shares. TD Cowen decreased their price target on shares of Honeywell International from $250.00 to $240.00 and set a “buy” rating for the company in a research note on Monday, November 10th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Honeywell International from $265.00 to $264.00 and set a “buy” rating for the company in a research report on Monday, December 8th. Wall Street Zen raised shares of Honeywell International to a “hold” rating in a research report on Saturday. Jefferies Financial Group decreased their price objective on Honeywell International from $230.00 to $220.00 in a report on Monday, November 3rd. Finally, BNP Paribas upgraded Honeywell International to a “hold” rating in a report on Wednesday, December 3rd.

Honeywell International Stock Performance

Shares of HON opened at $201.09 on Tuesday. Honeywell International has a one year low of $169.21 and a one year high of $228.04. The company has a market cap of $127.67 billion, a PE ratio of 21.19, a P/E/G ratio of 2.62 and a beta of 0.95. The stock has a 50-day moving average of $195.85 and a 200-day moving average of $211.10. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.36 and a quick ratio of 1.04.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings results on Monday, December 11th. The conglomerate reported $2.25 earnings per share (EPS) for the quarter. The business had revenue of $8.95 billion for the quarter. Honeywell International had a return on equity of 38.11% and a net margin of 15.07%.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, equities research analysts predict that Honeywell International will post 10.34 EPS for the current fiscal year.

Hedge Funds Weigh In On Honeywell International

Hedge funds have recently bought and sold shares of the company. Chung Wu Investment Group LLC purchased a new position in Honeywell International during the second quarter valued at approximately $26,000. Holos Integrated Wealth LLC purchased a new position in shares of Honeywell International during the 4th quarter valued at $25,000. RMG Wealth Management LLC purchased a new position in shares of Honeywell International during the 2nd quarter valued at $33,000. Howard Hughes Medical Institute bought a new position in shares of Honeywell International in the second quarter worth $33,000. Finally, Activest Wealth Management raised its position in shares of Honeywell International by 425.9% in the second quarter. Activest Wealth Management now owns 142 shares of the conglomerate’s stock worth $33,000 after buying an additional 115 shares in the last quarter. 75.91% of the stock is owned by hedge funds and other institutional investors.

About Honeywell International

Honeywell International Inc is a diversified, publicly traded multinational conglomerate (NASDAQ: HON) that designs and manufactures a wide range of commercial and consumer products, engineering services and aerospace systems. The company operates through major business platforms that historically include Aerospace; Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. Its portfolio spans avionics and propulsion systems, building controls and HVAC equipment, process technologies and advanced materials, industrial automation software, and personal protective equipment and scanning solutions.

Honeywell’s aerospace business supplies aircraft manufacturers and operators with engines and auxiliary power units, avionics, flight safety systems and aftermarket services.