Mizuho Has Lowered Expectations for Honeywell International (NASDAQ:HON) Stock Price

Honeywell International (NASDAQ:HON) had its price objective lowered by equities researchers at Mizuho from $250.00 to $240.00 in a research report issued on Monday,Benzinga reports. The firm presently has an “outperform” rating on the conglomerate’s stock. Mizuho’s price objective would indicate a potential upside of 17.11% from the stock’s previous close.

Several other brokerages have also commented on HON. Robert W. Baird decreased their price objective on shares of Honeywell International from $250.00 to $220.00 and set a “neutral” rating for the company in a report on Monday, October 13th. Evercore ISI started coverage on shares of Honeywell International in a research report on Monday, December 15th. They set an “outperform” rating and a $255.00 price target on the stock. Argus decreased their price target on shares of Honeywell International from $250.00 to $225.00 in a research note on Friday, November 14th. BNP Paribas Exane initiated coverage on shares of Honeywell International in a report on Wednesday, December 3rd. They issued a “neutral” rating and a $195.00 price objective for the company. Finally, The Goldman Sachs Group dropped their target price on shares of Honeywell International from $245.00 to $236.00 and set a “buy” rating on the stock in a report on Tuesday, December 16th. Nine equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $234.30.

Honeywell International Trading Up 1.9%

NASDAQ HON opened at $204.94 on Monday. The stock’s 50-day simple moving average is $195.66 and its two-hundred day simple moving average is $210.98. Honeywell International has a twelve month low of $169.21 and a twelve month high of $228.04. The company has a quick ratio of 1.04, a current ratio of 1.36 and a debt-to-equity ratio of 1.70. The company has a market capitalization of $130.11 billion, a price-to-earnings ratio of 21.60, a PEG ratio of 2.69 and a beta of 0.95.

Honeywell International (NASDAQ:HON) last posted 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 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 forecast that Honeywell International will post 10.34 EPS for the current fiscal year.

Institutional Investors Weigh In On Honeywell International

Several large investors have recently bought and sold shares of the business. BankPlus Wealth Management LLC lifted its position in Honeywell International by 2.2% during the second quarter. BankPlus Wealth Management LLC now owns 1,986 shares of the conglomerate’s stock valued at $463,000 after purchasing an additional 43 shares during the period. Summit Wealth Group LLC raised its stake in Honeywell International by 4.3% during the 2nd quarter. Summit Wealth Group LLC now owns 1,115 shares of the conglomerate’s stock valued at $260,000 after buying an additional 46 shares during the last quarter. Capital Advisors Ltd. LLC raised its stake in Honeywell International by 1.8% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 2,696 shares of the conglomerate’s stock valued at $628,000 after buying an additional 47 shares during the last quarter. Bar Harbor Wealth Management lifted its holdings in shares of Honeywell International by 0.3% during the 2nd quarter. Bar Harbor Wealth Management now owns 15,192 shares of the conglomerate’s stock valued at $3,538,000 after buying an additional 47 shares during the period. Finally, Nova R Wealth Inc. boosted its stake in shares of Honeywell International by 3.0% in the 3rd quarter. Nova R Wealth Inc. now owns 1,594 shares of the conglomerate’s stock worth $335,000 after buying an additional 47 shares during the last quarter. 75.91% of the stock is currently owned by institutional investors.

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.