Honeywell International (NASDAQ:HON) Raised to “Buy” at HSBC

Honeywell International (NASDAQ:HON) was upgraded by equities researchers at HSBC from a “hold” rating to a “buy” rating in a report released on Wednesday, Marketbeat Ratings reports. The brokerage currently has a $290.00 price target on the conglomerate’s stock. HSBC’s price target would suggest a potential upside of 27.37% from the company’s previous close.

A number of other research firms have also issued reports on HON. Barclays boosted their price objective on Honeywell International from $252.00 to $260.00 and gave the company an “overweight” rating in a research note on Thursday, December 5th. Citigroup upped their price objective on shares of Honeywell International from $244.00 to $268.00 and gave the stock a “buy” rating in a research report on Monday. Robert W. Baird downgraded Honeywell International from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $223.00 to $217.00 in a research report on Friday, October 25th. StockNews.com lowered Honeywell International from a “buy” rating to a “hold” rating in a research note on Monday. Finally, Baird R W lowered Honeywell International from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 25th. Ten investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $248.77.

Honeywell International Trading Down 0.6 %

Shares of HON opened at $227.69 on Wednesday. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.12 and a current ratio of 1.44. The firm has a market cap of $148.05 billion, a P/E ratio of 26.49, a price-to-earnings-growth ratio of 2.82 and a beta of 1.05. Honeywell International has a fifty-two week low of $189.66 and a fifty-two week high of $242.77. The business has a 50-day moving average of $220.08 and a 200 day moving average of $211.36.

Institutional Trading of Honeywell International

Several large investors have recently modified their holdings of HON. Copley Financial Group Inc. bought a new position in Honeywell International in the 3rd quarter worth $454,000. Tidal Investments LLC lifted its holdings in Honeywell International by 46.3% in the third quarter. Tidal Investments LLC now owns 48,572 shares of the conglomerate’s stock worth $10,040,000 after buying an additional 15,370 shares during the period. Blankinship & Foster LLC bought a new stake in Honeywell International during the 3rd quarter valued at approximately $3,464,000. Destination Wealth Management raised its position in shares of 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 acquiring an additional 221 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB lifted its stake in shares of Honeywell International by 17.5% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 119,378 shares of the conglomerate’s stock valued at $24,677,000 after purchasing an additional 17,785 shares during the period. 75.91% of the stock is owned by institutional investors.

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.