Robert W. Baird Lowers Honeywell International (NASDAQ:HON) Price Target to $220.00

Honeywell International (NASDAQ:HON) had its target price dropped by Robert W. Baird from $250.00 to $220.00 in a report issued on Monday,MarketScreener reports. The firm currently has a “neutral” rating on the conglomerate’s stock. Robert W. Baird’s price target suggests a potential upside of 5.46% from the company’s current price.

HON has been the subject of a number of other research reports. Royal Bank Of Canada decreased their target price on shares of Honeywell International from $254.00 to $253.00 and set a “sector perform” rating for the company in a research note on Friday, July 25th. Wells Fargo & Company decreased their target price on shares of Honeywell International from $230.00 to $220.00 and set an “equal weight” rating for the company in a research note on Monday, October 6th. Barclays lifted their target price on shares of Honeywell International from $258.00 to $265.00 and gave the company an “overweight” rating in a research note on Wednesday, July 9th. Morgan Stanley lifted their price objective on shares of Honeywell International from $225.00 to $245.00 and gave the company an “equal weight” rating in a research note on Monday, July 28th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Honeywell International in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $252.00.

Honeywell International Trading Up 2.8%

Shares of NASDAQ:HON opened at $208.61 on Monday. The firm has a fifty day moving average of $213.50 and a two-hundred day moving average of $217.14. The firm has a market capitalization of $132.45 billion, a P/E ratio of 23.73, a price-to-earnings-growth ratio of 2.27 and a beta of 1.06. Honeywell International has a 12-month low of $179.36 and a 12-month high of $242.77. The company has a quick ratio of 0.97, a current ratio of 1.29 and a debt-to-equity ratio of 1.81.

Honeywell International (NASDAQ:HON) last issued its earnings results on Monday, December 11th. The conglomerate reported $2.25 earnings per share (EPS) for the quarter. The company had revenue of $8.95 billion during the quarter. Honeywell International had a net margin of 14.30% and a return on equity of 37.37%. Honeywell International has set its Q4 2023 guidance at 2.530-2.630 EPS. FY 2023 guidance at 9.100-9.200 EPS. On average, equities analysts expect that Honeywell International will post 10.34 EPS for the current fiscal year.

Insiders Place Their Bets

In other Honeywell International news, CEO Lucian Boldea sold 42,149 shares of the business’s stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $221.58, for a total transaction of $9,339,375.42. Following the completion of the transaction, the chief executive officer owned 10,334 shares of the company’s stock, valued at $2,289,807.72. The trade was a 80.31% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.41% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Chung Wu Investment Group LLC acquired a new position in Honeywell International during the 2nd quarter worth $26,000. RMG Wealth Management LLC bought a new position in shares of Honeywell International during the 2nd quarter worth about $33,000. Howard Hughes Medical Institute bought a new position in shares of Honeywell International during the 2nd quarter worth about $33,000. Activest Wealth Management increased its holdings in shares of Honeywell International by 425.9% during the 2nd quarter. Activest Wealth Management now owns 142 shares of the conglomerate’s stock worth $33,000 after purchasing an additional 115 shares during the period. Finally, Pandora Wealth Inc. bought a new position in shares of Honeywell International during the 1st quarter worth about $33,000. 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.