Royal Bank Of Canada Issues Pessimistic Forecast for Honeywell International (NASDAQ:HON) Stock Price

Honeywell International (NASDAQ:HON) had its target price reduced by equities research analysts at Royal Bank Of Canada from $253.00 to $249.00 in a research note issued to investors on Thursday,MarketScreener reports. The firm currently has an “outperform” rating on the conglomerate’s stock. Royal Bank Of Canada’s price target would indicate a potential upside of 13.50% from the company’s current price.

HON has been the subject of several other research reports. JPMorgan Chase & Co. increased 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. 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 research report on Monday, October 13th. Jefferies Financial Group dropped their target price on shares of Honeywell International from $230.00 to $220.00 in a report on Monday, November 3rd. Rothschild & Co Redburn reduced their price target on Honeywell International from $240.00 to $222.00 and set a “neutral” rating for the company in a report on Monday, October 27th. Finally, Mizuho dropped their price objective on Honeywell International from $250.00 to $240.00 and set an “outperform” rating on the stock in a research note on Monday, January 5th. Ten equities 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. Based on data from MarketBeat, Honeywell International presently has an average rating of “Hold” and a consensus target price of $236.48.

Honeywell International Trading Up 2.0%

NASDAQ HON opened at $219.39 on Thursday. The stock has a market capitalization of $139.29 billion, a price-to-earnings ratio of 23.12, a PEG ratio of 2.97 and a beta of 0.95. Honeywell International has a 52 week low of $169.21 and a 52 week high of $228.04. The stock’s 50 day moving average price is $197.32 and its two-hundred day moving average price is $210.27. The company has a debt-to-equity ratio of 1.70, a quick ratio of 1.04 and a current ratio of 1.36.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings data on Thursday, October 23rd. The conglomerate reported $2.82 EPS for the quarter, topping analysts’ consensus estimates of $2.57 by $0.25. Honeywell International had a net margin of 15.07% and a return on equity of 38.11%. The business had revenue of $10.41 billion for the quarter, compared to analyst estimates of $10.14 billion. During the same quarter in the previous year, the firm posted $2.58 earnings per share. The firm’s revenue for the quarter was up 7.0% on a year-over-year basis. Honeywell International has set its FY 2025 guidance at 10.600-10.700 EPS and its Q4 2025 guidance at 2.520-2.620 EPS. As a group, analysts anticipate that Honeywell International will post 10.34 earnings per share for the current fiscal year.

Institutional Trading of Honeywell International

Several hedge funds have recently added to or reduced their stakes in the company. Holos Integrated Wealth LLC acquired a new stake in shares of Honeywell International during the fourth quarter worth $25,000. Chung Wu Investment Group LLC bought a new stake in Honeywell International in the 2nd quarter valued at about $26,000. Barnes Dennig Private Wealth Management LLC grew its position in shares of Honeywell International by 491.7% during the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 142 shares of the conglomerate’s stock worth $30,000 after purchasing an additional 118 shares in the last quarter. JPL Wealth Management LLC acquired a new stake in shares of Honeywell International in the third quarter valued at approximately $31,000. Finally, RMG Wealth Management LLC bought a new stake in shares of Honeywell International in the second quarter valued at approximately $33,000. 75.91% of the stock is owned by institutional investors and hedge funds.

About Honeywell International

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.