Honeywell International (NASDAQ:HON) Given New $240.00 Price Target at Mizuho

Honeywell International (NASDAQ:HON) had its price objective decreased by Mizuho from $250.00 to $240.00 in a research report released on Monday morning,Benzinga reports. Mizuho currently has an outperform rating on the conglomerate’s stock.

A number of other equities research analysts have also issued reports on HON. DZ Bank cut their price target on shares of Honeywell International from $248.00 to $237.00 in a report on Tuesday, December 23rd. Weiss Ratings reiterated a “hold (c+)” rating on shares of Honeywell International in a research report on Monday, December 29th. TD Cowen reduced their target price on Honeywell International from $250.00 to $240.00 and set a “buy” rating for the company in a report on Monday, November 10th. Barclays decreased their target price on Honeywell International from $269.00 to $250.00 and set an “overweight” rating for the company in a research report on Wednesday, December 24th. Finally, Jefferies Financial Group dropped their price target on Honeywell International from $230.00 to $220.00 in a research report on Monday, November 3rd. Nine analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Honeywell International presently has a consensus rating of “Hold” and a consensus target price of $234.30.

Honeywell International Stock Up 2.7%

Shares of Honeywell International stock opened at $201.09 on Monday. The stock’s fifty day moving average is $195.85 and its 200-day moving average is $211.10. The firm has a market capitalization of $127.67 billion, a PE ratio of 21.19, a price-to-earnings-growth ratio of 2.62 and a beta of 0.95. The company has a quick ratio of 1.04, a current ratio of 1.36 and a debt-to-equity ratio of 1.70. Honeywell International has a 12-month low of $169.21 and a 12-month high of $228.04.

Honeywell International (NASDAQ:HON) last released its quarterly earnings results on Monday, December 11th. The conglomerate reported $2.25 earnings per share for the quarter. The business had revenue of $8.95 billion during the quarter. Honeywell International had a return on equity of 38.11% and a net margin of 15.07%.Honeywell International has set its Q4 2023 guidance at 2.530-2.630 EPS and its FY 2023 guidance at 9.100-9.200 EPS. Equities analysts anticipate that Honeywell International will post 10.34 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. BankPlus Wealth Management LLC lifted its holdings in shares of Honeywell International by 2.2% during the 2nd quarter. BankPlus Wealth Management LLC now owns 1,986 shares of the conglomerate’s stock valued at $463,000 after buying an additional 43 shares during the last quarter. Summit Wealth Group LLC raised its position in Honeywell International by 4.3% during the second quarter. Summit Wealth Group LLC now owns 1,115 shares of the conglomerate’s stock valued at $260,000 after acquiring an additional 46 shares in the last quarter. Capital Advisors Ltd. LLC lifted its stake in Honeywell International by 1.8% in the second quarter. Capital Advisors Ltd. LLC now owns 2,696 shares of the conglomerate’s stock valued at $628,000 after acquiring an additional 47 shares during the last quarter. Bar Harbor Wealth Management grew its position in Honeywell International by 0.3% in the second quarter. Bar Harbor Wealth Management now owns 15,192 shares of the conglomerate’s stock worth $3,538,000 after acquiring an additional 47 shares in the last quarter. Finally, Nova R Wealth Inc. increased its stake in shares of Honeywell International by 3.0% during the 3rd quarter. Nova R Wealth Inc. now owns 1,594 shares of the conglomerate’s stock worth $335,000 after purchasing an additional 47 shares during the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.

About Honeywell International

Honeywell International Inc is a diversified, publicly traded multinational conglomerate (NASDAQ: HON) that designs and manufactures a wide range of commercial and consumer products, engineering services and aerospace systems. The company operates through major business platforms that historically include Aerospace; Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. Its portfolio spans avionics and propulsion systems, building controls and HVAC equipment, process technologies and advanced materials, industrial automation software, and personal protective equipment and scanning solutions.

Honeywell’s aerospace business supplies aircraft manufacturers and operators with engines and auxiliary power units, avionics, flight safety systems and aftermarket services.