Citigroup Increases Honeywell International (NASDAQ:HON) Price Target to $268.00

Honeywell International (NASDAQ:HON) had its price target hoisted by equities researchers at Citigroup from $244.00 to $268.00 in a report released on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the conglomerate’s stock. Citigroup’s price objective indicates a potential upside of 16.99% from the stock’s current price.

Other analysts have also issued reports about the stock. Wells Fargo & Company upped their price objective on shares of Honeywell International from $215.00 to $254.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 13th. Robert W. Baird downgraded shares of Honeywell International from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from $223.00 to $217.00 in a research note on Friday, October 25th. StockNews.com raised shares of Honeywell International from a “hold” rating to a “buy” rating in a report on Sunday, November 3rd. Wolfe Research cut Honeywell International from an “outperform” rating to a “peer perform” rating in a research report on Monday, October 28th. Finally, Bank of America boosted their price target on Honeywell International from $220.00 to $240.00 and gave the stock a “neutral” rating in a research report on Thursday, November 14th. Ten analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $244.36.

Honeywell International Trading Up 1.8 %

HON opened at $229.08 on Monday. The company has a quick ratio of 1.12, a current ratio of 1.44 and a debt-to-equity ratio of 1.44. The stock’s fifty day moving average is $219.12 and its two-hundred day moving average is $211.03. The company has a market capitalization of $148.96 billion, a P/E ratio of 26.45, a PEG ratio of 2.82 and a beta of 1.05. Honeywell International has a 52 week low of $189.66 and a 52 week high of $242.77.

Institutional Trading of Honeywell International

Several large investors have recently bought and sold shares of HON. Copley Financial Group Inc. purchased a new stake in Honeywell International during the 3rd quarter valued at about $454,000. Tidal Investments LLC lifted its holdings in shares of Honeywell International by 46.3% during the third quarter. Tidal Investments LLC now owns 48,572 shares of the conglomerate’s stock worth $10,040,000 after purchasing an additional 15,370 shares during the period. Blankinship & Foster LLC purchased a new stake in Honeywell International in the third quarter valued at approximately $3,464,000. Destination Wealth Management increased its holdings in Honeywell International by 21.8% in the 3rd quarter. Destination Wealth Management now owns 1,234 shares of the conglomerate’s stock worth $255,000 after buying an additional 221 shares during the period. Finally, Wilmington Savings Fund Society FSB raised its position in Honeywell International by 17.5% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 119,378 shares of the conglomerate’s stock worth $24,677,000 after buying an additional 17,785 shares during the last quarter. Hedge funds and other 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.