Citigroup Lowers Honeywell International (NASDAQ:HON) Price Target to $266.00

Honeywell International (NASDAQ:HON) had its target price lowered by equities research analysts at Citigroup from $268.00 to $266.00 in a note issued to investors on Monday,Benzinga reports. The firm currently has a “buy” rating on the conglomerate’s stock. Citigroup’s price target suggests a potential upside of 21.00% from the company’s previous close.

A number of other analysts have also issued reports on HON. Baird R W lowered Honeywell International from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 25th. Royal Bank of Canada reissued a “sector perform” rating and issued a $253.00 price target on shares of Honeywell International in a report on Tuesday, December 3rd. Bank of America boosted their price objective on shares of Honeywell International from $220.00 to $240.00 and gave the company a “neutral” rating in a research note on Thursday, November 14th. JPMorgan Chase & Co. lowered their target price on shares of Honeywell International from $235.00 to $233.00 and set a “neutral” rating on the stock in a research note on Friday, October 25th. Finally, Wells Fargo & Company reduced their price target on shares of Honeywell International from $254.00 to $240.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 7th. Eleven analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Honeywell International has a consensus rating of “Hold” and a consensus price target of $248.07.

Honeywell International Stock Performance

HON stock traded up $1.64 during mid-day trading on Monday, hitting $219.83. The company had a trading volume of 565,081 shares, compared to its average volume of 2,682,048. Honeywell International has a 12 month low of $189.66 and a 12 month high of $242.77. The stock’s fifty day moving average price is $226.40 and its two-hundred day moving average price is $214.20. The firm has a market cap of $142.94 billion, a PE ratio of 25.38, a price-to-earnings-growth 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.

Hedge Funds Weigh In On Honeywell International

Several institutional investors and hedge funds have recently modified their holdings of the stock. State Street Corp increased its holdings in shares of Honeywell International by 0.3% in the 3rd quarter. State Street Corp now owns 31,026,897 shares of the conglomerate’s stock worth $6,413,570,000 after purchasing an additional 92,112 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of Honeywell International by 8.4% during the third quarter. Wellington Management Group LLP now owns 17,826,700 shares of the conglomerate’s stock valued at $3,684,957,000 after buying an additional 1,376,479 shares during the last quarter. Geode Capital Management LLC increased its holdings in Honeywell International by 4.0% in the 3rd quarter. Geode Capital Management LLC now owns 14,360,730 shares of the conglomerate’s stock worth $2,959,535,000 after buying an additional 547,998 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in Honeywell International by 3.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 8,365,840 shares of the conglomerate’s stock valued at $1,786,449,000 after acquiring an additional 310,807 shares during the period. Finally, Legal & General Group Plc boosted its holdings in shares of Honeywell International by 0.9% during the 2nd quarter. Legal & General Group Plc now owns 4,910,551 shares of the conglomerate’s stock valued at $1,048,600,000 after acquiring an additional 42,305 shares during the last quarter. 75.91% of the stock is currently owned by institutional investors.

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.