JPMorgan Chase & Co. Increases Honeywell International (NASDAQ:HON) Price Target to $217.00

Honeywell International (NASDAQ:HON) had its price objective boosted by research analysts at JPMorgan Chase & Co. from $182.00 to $217.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has a “neutral” rating on the conglomerate’s stock. JPMorgan Chase & Co.‘s price objective points to a potential downside of 2.64% from the company’s previous close.

HON has been the subject of a number of other research reports. StockNews.com raised Honeywell International from a “hold” rating to a “buy” rating in a research report on Thursday. Morgan Stanley upped their price target on Honeywell International from $210.00 to $217.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 11th. Deutsche Bank Aktiengesellschaft raised Honeywell International from a “hold” rating to a “buy” rating and upped their price target for the company from $236.00 to $260.00 in a research report on Friday, February 7th. Barclays lowered their price target on Honeywell International from $247.00 to $243.00 and set an “overweight” rating for the company in a research report on Wednesday, April 30th. Finally, Royal Bank of Canada upped their price target on Honeywell International from $211.00 to $226.00 and gave the company a “sector perform” rating in a research report on Wednesday, April 30th. Eight equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Honeywell International presently has a consensus rating of “Moderate Buy” and an average target price of $245.23.

Honeywell International Price Performance

Honeywell International stock opened at $222.88 on Friday. Honeywell International has a 52 week low of $179.36 and a 52 week high of $242.77. The business has a 50-day simple moving average of $206.11 and a 200 day simple moving average of $215.76. The company has a quick ratio of 1.01, a current ratio of 1.31 and a debt-to-equity ratio of 1.33. The stock has a market cap of $143.24 billion, a price-to-earnings ratio of 25.59, a PEG ratio of 2.51 and a beta of 1.07.

Honeywell International (NASDAQ:HON) last posted its earnings results on Tuesday, April 29th. The conglomerate reported $2.51 EPS for the quarter, topping the consensus estimate of $2.21 by $0.30. Honeywell International had a return on equity of 35.78% and a net margin of 14.82%. The business had revenue of $9.82 billion during the quarter, compared to analysts’ expectations of $9.59 billion. During the same period in the previous year, the business earned $2.25 earnings per share. The firm’s revenue was up 7.9% on a year-over-year basis. On average, research analysts forecast that Honeywell International will post 10.34 earnings per share for the current fiscal year.

Institutional Trading of Honeywell International

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Mainstream Capital Management LLC purchased a new stake in shares of Honeywell International in the 4th quarter worth approximately $25,000. Avalon Trust Co increased its holdings in shares of Honeywell International by 166.7% in the 4th quarter. Avalon Trust Co now owns 120 shares of the conglomerate’s stock worth $27,000 after purchasing an additional 75 shares in the last quarter. Mpwm Advisory Solutions LLC bought a new stake in shares of Honeywell International in the 4th quarter worth $29,000. Hoese & Co LLP bought a new stake in shares of Honeywell International in the 4th quarter worth $30,000. Finally, Pandora Wealth Inc. bought a new stake in shares of Honeywell International in the 1st quarter worth $33,000. 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.