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

Analysts at BNP Paribas Exane began coverage on shares of Honeywell International (NASDAQ:HON) in a research report issued to clients and investors on Wednesday, Marketbeat Ratings reports. The brokerage set a “neutral” rating and a $195.00 price target on the conglomerate’s stock. BNP Paribas Exane’s target price suggests a potential upside of 1.44% from the stock’s previous close.

Several other analysts have also commented on HON. Royal Bank Of Canada raised shares of Honeywell International from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from $235.00 to $253.00 in a research report on Monday, October 27th. Deutsche Bank Aktiengesellschaft reduced their target price on Honeywell International from $271.00 to $265.00 and set a “buy” rating on the stock in a research report on Friday, October 24th. TD Cowen lowered their price target on Honeywell International from $250.00 to $240.00 and set a “buy” rating for the company in a report on Monday, November 10th. Wells Fargo & Company cut their price objective on Honeywell International from $230.00 to $218.00 and set an “equal weight” rating for the company in a research report on Friday, November 14th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Honeywell International in a research report on Monday. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $236.71.

Honeywell International Trading Down 0.6%

Shares of HON stock opened at $192.23 on Wednesday. The company has a current ratio of 1.36, a quick ratio of 1.04 and a debt-to-equity ratio of 1.70. Honeywell International has a twelve month low of $169.21 and a twelve month high of $228.04. The company’s 50-day moving average price is $201.37 and its 200-day moving average price is $215.71. The stock has a market cap of $122.04 billion, a price-to-earnings ratio of 20.26, a PEG ratio of 2.63 and a beta of 0.96.

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

Hedge Funds Weigh In On Honeywell International

Several institutional investors have recently modified their holdings of the business. Chung Wu Investment Group LLC purchased a new position in Honeywell International in the second quarter valued at $26,000. RMG Wealth Management LLC acquired a new stake in Honeywell International in the 2nd quarter valued at about $33,000. Howard Hughes Medical Institute purchased a new position in shares of Honeywell International in the 2nd quarter valued at about $33,000. Activest Wealth Management grew its position in shares of Honeywell International by 425.9% during 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. Finally, Barnes Dennig Private Wealth Management LLC increased its stake in shares of Honeywell International by 491.7% during the third quarter. Barnes Dennig Private Wealth Management LLC now owns 142 shares of the conglomerate’s stock worth $30,000 after buying an additional 118 shares during the period. Institutional investors and hedge funds 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.