Deutsche Bank Aktiengesellschaft Issues Pessimistic Forecast for Honeywell International (NASDAQ:HON) Stock Price

Honeywell International (NASDAQ:HON) had its target price dropped by research analysts at Deutsche Bank Aktiengesellschaft from $265.00 to $264.00 in a note issued to investors on Monday,MarketScreener reports. The brokerage currently has a “buy” rating on the conglomerate’s stock. Deutsche Bank Aktiengesellschaft’s price objective would suggest a potential upside of 38.82% from the stock’s current price.

A number of other brokerages also recently weighed in on HON. Rothschild & Co Redburn lowered their target price on shares of Honeywell International from $240.00 to $222.00 and set a “neutral” rating on the stock in a research note on Monday, October 27th. Citigroup increased their price target on shares of Honeywell International from $251.56 to $267.00 and gave the stock a “buy” rating in a report on Tuesday, November 4th. Royal Bank Of Canada upgraded shares of Honeywell International from a “sector perform” rating to an “outperform” rating and raised their price objective for the company from $235.00 to $253.00 in a research report on Monday, October 27th. Jefferies Financial Group cut their target price on shares of Honeywell International from $230.00 to $220.00 in a research report on Monday, November 3rd. Finally, HSBC reduced their target price on Honeywell International from $290.00 to $266.00 and set a “buy” rating on the stock in a research note on Tuesday, November 11th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $236.65.

Honeywell International Stock Down 0.9%

HON opened at $190.17 on Monday. The company has a fifty day moving average price of $200.28 and a 200-day moving average price of $214.92. The firm has a market capitalization of $120.74 billion, a P/E ratio of 20.04, a price-to-earnings-growth ratio of 2.60 and a beta of 0.96. 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 has a one year low of $169.21 and a one year high of $228.04.

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

Institutional Investors Weigh In On Honeywell International

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Brighton Jones LLC increased its stake in shares of Honeywell International by 9.1% in the fourth quarter. Brighton Jones LLC now owns 19,047 shares of the conglomerate’s stock worth $4,302,000 after buying an additional 1,582 shares during the period. Zions Bancorporation National Association UT bought a new stake in Honeywell International in the 1st quarter worth $216,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Honeywell International in the first quarter valued at about $6,947,000. Cooper Financial Group raised its stake in shares of Honeywell International by 3.7% during the first quarter. Cooper Financial Group now owns 5,425 shares of the conglomerate’s stock valued at $1,149,000 after acquiring an additional 195 shares during the last quarter. Finally, Linscomb Wealth Inc. boosted its holdings in shares of Honeywell International by 1.7% during the first quarter. Linscomb Wealth Inc. now owns 40,862 shares of the conglomerate’s stock worth $8,653,000 after purchasing an additional 691 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.