Honeywell International (NASDAQ:HON) Rating Lowered to “Hold” at StockNews.com

Honeywell International (NASDAQ:HON) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a report released on Monday.

Other research analysts also recently issued research reports about the company. Barclays lifted their price target on Honeywell International from $252.00 to $260.00 and gave the company an “overweight” rating in a report on Thursday, December 5th. The Goldman Sachs Group raised their price target on shares of Honeywell International from $227.00 to $256.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. JPMorgan Chase & Co. cut their target price on shares of Honeywell International from $235.00 to $233.00 and set a “neutral” rating for the company in a research report on Friday, October 25th. Hsbc Global Res upgraded shares of Honeywell International to a “strong-buy” rating in a report on Wednesday, December 11th. Finally, Jefferies Financial Group lifted their price objective on Honeywell International from $220.00 to $260.00 and gave the company a “hold” rating in a research report on Tuesday, December 17th. Eleven analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $249.57.

Honeywell International Stock Up 0.8 %

HON stock opened at $228.90 on Monday. The company’s 50 day simple moving average is $223.20 and its 200-day simple moving average is $212.90. Honeywell International has a 52-week low of $189.66 and a 52-week high of $242.77. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.44 and a quick ratio of 1.12. The firm has a market capitalization of $148.84 billion, a P/E ratio of 26.43, a P/E/G ratio of 2.85 and a beta of 1.05.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Allspring Global Investments Holdings LLC increased its position in Honeywell International by 23.9% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 201,750 shares of the conglomerate’s stock worth $43,082,000 after buying an additional 38,976 shares during the period. Signature Estate & Investment Advisors LLC acquired a new position in Honeywell International during the 2nd quarter valued at $720,000. ABLE Financial Group LLC boosted its holdings in Honeywell International by 8.1% in the 2nd quarter. ABLE Financial Group LLC now owns 1,154 shares of the conglomerate’s stock valued at $246,000 after purchasing an additional 86 shares during the period. Wright Investors Service Inc. grew its position in Honeywell International by 3.2% in the 2nd quarter. Wright Investors Service Inc. now owns 6,523 shares of the conglomerate’s stock worth $1,393,000 after purchasing an additional 204 shares during the last quarter. Finally, Strategic Blueprint LLC increased its holdings in shares of Honeywell International by 2.0% during the 2nd quarter. Strategic Blueprint LLC now owns 9,285 shares of the conglomerate’s stock worth $1,983,000 after purchasing an additional 181 shares during the period. Institutional investors and hedge funds own 75.91% of the company’s stock.

Honeywell International Company Profile

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.