Honeywell International (NASDAQ:HON) Price Target Cut to $255.00 by Analysts at Barclays

Honeywell International (NASDAQ:HON) had its target price cut by Barclays from $260.00 to $255.00 in a report published on Wednesday morning,Benzinga reports. They currently have an overweight rating on the conglomerate’s stock.

Other equities research analysts also recently issued reports about the company. Baird R W downgraded Honeywell International from a “strong-buy” rating to a “hold” rating in a report on Friday, October 25th. UBS Group reissued a “buy” rating and issued a $298.00 price objective (up previously from $215.00) on shares of Honeywell International in a research report on Wednesday, November 13th. StockNews.com cut Honeywell International from a “buy” rating to a “hold” rating in a research report on Monday, December 23rd. Citigroup raised their target price on Honeywell International from $244.00 to $268.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Finally, Wolfe Research cut Honeywell International from an “outperform” rating to a “peer perform” rating in a report on Monday, October 28th. Eleven equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Honeywell International currently has a consensus rating of “Hold” and an average price target of $248.21.

Honeywell International Stock Performance

NASDAQ:HON opened at $220.17 on Wednesday. The firm has a market capitalization of $143.16 billion, a PE ratio of 25.42, a P/E/G ratio of 2.85 and a beta of 1.06. 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 stock has a 50-day simple moving average of $225.93 and a two-hundred day simple moving average of $214.14. Honeywell International has a 52-week low of $189.66 and a 52-week high of $242.77.

Hedge Funds Weigh In On Honeywell International

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Fulton Bank N.A. lifted its position in shares of Honeywell International by 0.8% during the 4th quarter. Fulton Bank N.A. now owns 17,514 shares of the conglomerate’s stock valued at $3,956,000 after acquiring an additional 140 shares during the period. One Wealth Capital Management LLC purchased a new stake in Honeywell International in the 4th quarter worth approximately $213,000. Norway Savings Bank grew its stake in Honeywell International by 15.4% in the 4th quarter. Norway Savings Bank now owns 8,187 shares of the conglomerate’s stock worth $1,849,000 after acquiring an additional 1,094 shares during the period. Spartan Planning & Wealth Management purchased a new stake in shares of Honeywell International during the 4th quarter valued at $313,000. Finally, Diversified Trust Co grew its stake in shares of Honeywell International by 8.9% during the 4th quarter. Diversified Trust Co now owns 15,748 shares of the conglomerate’s stock valued at $3,558,000 after buying an additional 1,285 shares during the period. Hedge funds and other 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.