Honeywell International (NASDAQ:HON) Price Target Cut to $231.00 by Analysts at JPMorgan Chase & Co.

Honeywell International (NASDAQ:HON) had its price objective reduced by JPMorgan Chase & Co. from $233.00 to $231.00 in a research note published on Wednesday morning,Benzinga reports. They currently have a neutral rating on the conglomerate’s stock.

A number of other brokerages also recently commented on HON. Barclays lowered their price objective on Honeywell International from $260.00 to $255.00 and set an “overweight” rating for the company in a research note on Wednesday, January 8th. HSBC upgraded Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 price objective for the company in a report on Wednesday, December 11th. The Goldman Sachs Group boosted their target price on Honeywell International from $227.00 to $256.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Robert W. Baird lowered Honeywell International from an “outperform” rating to a “neutral” rating and cut their target price for the stock from $223.00 to $217.00 in a research report on Friday, October 25th. Finally, Baird R W lowered Honeywell International from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 25th. Eleven research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $247.93.

Honeywell International Price Performance

HON stock opened at $219.54 on Wednesday. The company has a quick ratio of 1.12, a current ratio of 1.44 and a debt-to-equity ratio of 1.44. Honeywell International has a 52-week low of $189.66 and a 52-week high of $242.77. The stock’s 50 day moving average is $226.83 and its two-hundred day moving average is $214.27. The company has a market capitalization of $142.76 billion, a PE ratio of 25.35, a P/E/G ratio of 2.85 and a beta of 1.06.

Institutional Investors Weigh In On Honeywell International

A number of institutional investors have recently made changes to their positions in the company. Absher Wealth Management LLC increased its holdings in shares of Honeywell International by 2.5% during the third quarter. Absher Wealth Management LLC now owns 1,999 shares of the conglomerate’s stock worth $413,000 after buying an additional 49 shares in the last quarter. ZRC Wealth Management LLC grew its stake in shares of Honeywell International by 11.6% in the 3rd quarter. ZRC Wealth Management LLC now owns 480 shares of the conglomerate’s stock valued at $99,000 after buying an additional 50 shares during the period. CFM Wealth Partners LLC grew its stake in shares of Honeywell International by 4.0% in the 3rd quarter. CFM Wealth Partners LLC now owns 1,288 shares of the conglomerate’s stock valued at $264,000 after buying an additional 50 shares during the period. Jacobsen Capital Management boosted its stake in Honeywell International by 5.2% during the 3rd quarter. Jacobsen Capital Management now owns 1,010 shares of the conglomerate’s stock valued at $209,000 after purchasing an additional 50 shares during the last quarter. Finally, Mengis Capital Management Inc. boosted its stake in Honeywell International by 0.4% during the 3rd quarter. Mengis Capital Management Inc. now owns 12,176 shares of the conglomerate’s stock valued at $2,517,000 after purchasing an additional 50 shares during the last quarter. Institutional investors 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.