Honeywell International (NASDAQ:HON) Given “Sector Perform” Rating at Royal Bank of Canada

Honeywell International (NASDAQ:HON)‘s stock had its “sector perform” rating reaffirmed by equities research analysts at Royal Bank of Canada in a note issued to investors on Tuesday,Benzinga reports. They presently have a $253.00 target price on the conglomerate’s stock. Royal Bank of Canada’s target price indicates a potential upside of 13.00% from the stock’s current price.

HON has been the topic of a number of other reports. StockNews.com upgraded shares of Honeywell International from a “hold” rating to a “buy” rating in a research note on Sunday, November 3rd. Morgan Stanley started coverage on shares of Honeywell International in a research note on Friday, September 6th. They issued an “equal weight” rating and a $210.00 price target for the company. JPMorgan Chase & Co. dropped their price objective on Honeywell International from $235.00 to $233.00 and set a “neutral” rating on the stock in a report on Friday, October 25th. Citigroup reduced their price objective on Honeywell International from $248.00 to $244.00 and set a “buy” rating for the company in a report on Friday, October 25th. Finally, Baird R W cut Honeywell International from a “strong-buy” rating to a “hold” rating in a report on Friday, October 25th. Nine investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $241.45.

Honeywell International Price Performance

Shares of HON stock traded down $6.06 during mid-day trading on Tuesday, hitting $223.89. The company had a trading volume of 738,487 shares, compared to its average volume of 3,119,075. The company has a market capitalization of $145.58 billion, a P/E ratio of 25.85, a P/E/G ratio of 2.77 and a beta of 1.05. The stock’s 50 day moving average price is $216.57 and its 200-day moving average price is $210.03. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.44 and a quick ratio of 1.12. Honeywell International has a 52-week low of $189.66 and a 52-week high of $242.77.

Institutional Inflows and Outflows

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