Honeywell International (NASDAQ:HON) Coverage Initiated at Evercore ISI

Equities researchers at Evercore ISI started coverage on shares of Honeywell International (NASDAQ:HON) in a research report issued to clients and investors on Monday, MarketBeat reports. The firm set an “outperform” rating and a $255.00 price target on the conglomerate’s stock. Evercore ISI’s price objective points to a potential upside of 28.62% from the company’s previous close.

A number of other research firms also recently weighed in on HON. Wells Fargo & Company cut their target price 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. Jefferies Financial Group dropped their price objective on Honeywell International from $230.00 to $220.00 in a research note on Monday, November 3rd. JPMorgan Chase & Co. upped their price objective on Honeywell International from $212.00 to $218.00 and gave the company a “neutral” rating in a report on Friday, October 24th. Citigroup lifted their target price on Honeywell International from $251.56 to $267.00 and gave the stock a “buy” rating in a report on Tuesday, November 4th. Finally, Morgan Stanley dropped their price target on shares of Honeywell International from $245.00 to $235.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 28th. Nine research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $236.56.

Honeywell International Stock Performance

Honeywell International stock opened at $198.26 on Monday. 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 12 month low of $169.21 and a 12 month high of $228.04. The company has a fifty day moving average price of $198.82 and a two-hundred day moving average price of $213.88. The company has a market cap of $125.87 billion, a PE ratio of 20.89, a P/E/G ratio of 2.64 and a beta of 0.96.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings results on Monday, December 11th. The conglomerate reported $2.25 earnings per share 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. Research analysts expect that Honeywell International will post 10.34 earnings per share for the current year.

Hedge Funds Weigh In On Honeywell International

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Triton Financial Group Inc acquired a new position in shares of Honeywell International during the second quarter valued at about $1,001,000. Amundi increased its stake in Honeywell International by 30.2% during the first quarter. Amundi now owns 519,882 shares of the conglomerate’s stock valued at $107,450,000 after acquiring an additional 120,706 shares during the period. Managed Asset Portfolios LLC increased its stake in Honeywell International by 2.3% during the second quarter. Managed Asset Portfolios LLC now owns 95,833 shares of the conglomerate’s stock valued at $22,317,000 after acquiring an additional 2,154 shares during the period. Baxter Bros Inc. raised its holdings in Honeywell International by 14.6% in the 2nd quarter. Baxter Bros Inc. now owns 35,733 shares of the conglomerate’s stock valued at $8,321,000 after acquiring an additional 4,543 shares in the last quarter. Finally, Integrated Wealth Concepts LLC grew its holdings in shares of Honeywell International by 11.4% during the 1st quarter. Integrated Wealth Concepts LLC now owns 28,502 shares of the conglomerate’s stock worth $6,035,000 after purchasing an additional 2,915 shares in the last quarter. 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.