Honeywell International (NASDAQ:HON) Upgraded to “Strong-Buy” at Hsbc Global Res

Honeywell International (NASDAQ:HON) was upgraded by stock analysts at Hsbc Global Res to a “strong-buy” rating in a research note issued to investors on Wednesday,Zacks.com reports.

Other equities analysts also recently issued reports about the stock. Wells Fargo & Company raised their target price on shares of Honeywell International from $215.00 to $254.00 and gave the company an “equal weight” rating in a report on Wednesday, November 13th. The Goldman Sachs Group lifted their price objective on Honeywell International from $227.00 to $256.00 and gave the stock a “buy” rating in a research report on Thursday. Morgan Stanley initiated coverage on Honeywell International in a report on Friday, September 6th. They set an “equal weight” rating and a $210.00 target price on the stock. Citigroup increased their price objective on shares of Honeywell International from $244.00 to $268.00 and gave the stock a “buy” rating in a report on Monday. Finally, UBS Group reiterated a “buy” rating and issued a $298.00 price target (up previously from $215.00) on shares of Honeywell International in a report on Wednesday, November 13th. Ten research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Honeywell International currently has an average rating of “Hold” and an average target price of $248.77.

Honeywell International Stock Down 0.6 %

HON stock opened at $227.69 on Wednesday. The company has a current ratio of 1.44, a quick ratio of 1.12 and a debt-to-equity ratio of 1.44. The company’s 50-day moving average price is $220.58 and its 200 day moving average price is $211.47. Honeywell International has a 52 week low of $189.66 and a 52 week high of $242.77. The company has a market cap of $148.05 billion, a P/E ratio of 26.29, a P/E/G ratio of 2.82 and a beta of 1.05.

Institutional Investors Weigh In On Honeywell International

A number of hedge funds have recently bought and sold shares of HON. Fiduciary Financial Group LLC acquired a new position in Honeywell International in the second quarter worth about $248,000. Gradient Investments LLC raised its position in shares of Honeywell International by 24.9% during the 2nd quarter. Gradient Investments LLC now owns 1,788 shares of the conglomerate’s stock valued at $382,000 after acquiring an additional 356 shares in the last quarter. Foster Victor Wealth Advisors LLC lifted its stake in Honeywell International by 22.4% during the second quarter. Foster Victor Wealth Advisors LLC now owns 1,411 shares of the conglomerate’s stock worth $308,000 after purchasing an additional 258 shares during the last quarter. ARS Wealth Advisors Group LLC boosted its holdings in Honeywell International by 1.3% in the second quarter. ARS Wealth Advisors Group LLC now owns 77,083 shares of the conglomerate’s stock worth $16,460,000 after purchasing an additional 981 shares during the period. Finally, Boomfish Wealth Group LLC increased its stake in Honeywell International by 1.0% during the second quarter. Boomfish Wealth Group LLC now owns 6,391 shares of the conglomerate’s stock valued at $1,365,000 after purchasing an additional 64 shares during the last quarter. Institutional investors and hedge funds own 75.91% of the company’s stock.

About Honeywell International

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.