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

Honeywell International (NASDAQ:HON) had its target price reduced by analysts at DZ Bank from $248.00 to $237.00 in a research report issued to clients and investors on Tuesday,MarketScreener reports. DZ Bank’s target price suggests a potential upside of 20.40% from the company’s current price.

Other research analysts also recently issued research reports about the stock. BNP Paribas Exane started coverage on shares of Honeywell International in a report on Wednesday, December 3rd. They issued a “neutral” rating and a $195.00 target price on the stock. Citigroup lifted their price objective on Honeywell International from $251.56 to $267.00 and gave the stock a “buy” rating in a research note on Tuesday, November 4th. Argus cut their price objective on Honeywell International from $250.00 to $225.00 in a research report on Friday, November 14th. TD Cowen lowered their target price on Honeywell International from $250.00 to $240.00 and set a “buy” rating on the stock in a report on Monday, November 10th. Finally, Evercore ISI assumed coverage on Honeywell International in a research report on Monday, December 15th. They issued an “outperform” rating and a $255.00 price target on the stock. Nine analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Honeywell International presently has a consensus rating of “Hold” and an average target price of $235.58.

Honeywell International Trading Up 0.7%

Honeywell International stock opened at $196.85 on Tuesday. Honeywell International has a one year low of $169.21 and a one year high of $228.04. The company’s fifty day moving average price is $197.95 and its two-hundred day moving average price is $212.73. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.36 and a quick ratio of 1.04. The company has a market capitalization of $124.97 billion, a price-to-earnings ratio of 20.74, a PEG ratio of 2.85 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 company had revenue of $8.95 billion during 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, analysts forecast that Honeywell International will post 10.34 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Brighton Jones LLC grew its holdings in shares of Honeywell International by 9.1% during the fourth quarter. Brighton Jones LLC now owns 19,047 shares of the conglomerate’s stock worth $4,302,000 after purchasing an additional 1,582 shares during the last quarter. J. Stern & Co. LLP lifted its holdings in Honeywell International by 9.8% during the 1st quarter. J. Stern & Co. LLP now owns 262,799 shares of the conglomerate’s stock worth $55,648,000 after buying an additional 23,525 shares in the last quarter. Gabelli Funds LLC boosted its position in Honeywell International by 5.1% in the 1st quarter. Gabelli Funds LLC now owns 347,918 shares of the conglomerate’s stock valued at $73,672,000 after buying an additional 17,000 shares during the last quarter. Samalin Investment Counsel LLC increased its stake in shares of Honeywell International by 17.8% in the 1st quarter. Samalin Investment Counsel LLC now owns 2,503 shares of the conglomerate’s stock valued at $530,000 after buying an additional 379 shares during the period. Finally, Redwood Investment Management LLC raised its position in shares of Honeywell International by 8.7% during the first quarter. Redwood Investment Management LLC now owns 11,741 shares of the conglomerate’s stock worth $2,486,000 after acquiring an additional 936 shares during the last quarter. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Honeywell International Company Profile

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.