Honeywell International (NASDAQ:HON) Price Target Cut to $262.00 by Analysts at Citigroup

Honeywell International (NASDAQ:HON) had its target price cut by Citigroup from $267.00 to $262.00 in a research note published on Monday,Benzinga reports. They currently have a buy rating on the conglomerate’s stock.

HON has been the subject of several other research reports. HSBC reduced their price target on shares of Honeywell International from $290.00 to $266.00 and set a “buy” rating for the company in a research report on Tuesday, November 11th. Mizuho reduced their target price on shares of Honeywell International from $250.00 to $240.00 and set an “outperform” rating for the company in a report on Monday, January 5th. Wells Fargo & Company decreased their price target on shares of Honeywell International from $218.00 to $215.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 7th. Morgan Stanley cut their price objective on shares of Honeywell International from $245.00 to $235.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 28th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on Honeywell International from $265.00 to $264.00 and set a “buy” rating for the company in a research note on Monday, December 8th. Nine investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $233.90.

Honeywell International Trading Up 0.6%

NASDAQ:HON opened at $208.60 on Monday. The company has a current ratio of 1.36, a quick ratio of 1.04 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. The company has a market cap of $132.44 billion, a PE ratio of 21.98, a price-to-earnings-growth ratio of 2.78 and a beta of 0.95. The company has a 50 day simple moving average of $195.84 and a two-hundred day simple moving average of $210.44.

Honeywell International (NASDAQ:HON) last released its quarterly earnings results on Thursday, October 23rd. The conglomerate reported $2.82 earnings per share for the quarter, beating the consensus estimate of $2.57 by $0.25. The firm had revenue of $10.41 billion for the quarter, compared to analysts’ expectations of $10.14 billion. Honeywell International had a return on equity of 38.11% and a net margin of 15.07%.The company’s revenue was up 7.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.58 EPS. Honeywell International has set its FY 2025 guidance at 10.600-10.700 EPS and its Q4 2025 guidance at 2.520-2.620 EPS. Research analysts forecast that Honeywell International will post 10.34 earnings per share for the current year.

Institutional Investors Weigh In On Honeywell International

A number of institutional investors have recently bought and sold shares of HON. SG Americas Securities LLC grew its position in shares of Honeywell International by 15,459.1% during the fourth quarter. SG Americas Securities LLC now owns 4,057,960 shares of the conglomerate’s stock worth $791,667,000 after purchasing an additional 4,031,879 shares in the last quarter. Laurel Wealth Advisors LLC boosted its stake in Honeywell International by 23,503.0% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 3,716,532 shares of the conglomerate’s stock worth $865,506,000 after purchasing an additional 3,700,786 shares during the period. Franklin Resources Inc. grew its holdings in Honeywell International by 28.8% during the 3rd quarter. Franklin Resources Inc. now owns 10,196,543 shares of the conglomerate’s stock valued at $2,146,372,000 after buying an additional 2,277,234 shares in the last quarter. Marshall Wace LLP raised its position in shares of Honeywell International by 130.0% during the third quarter. Marshall Wace LLP now owns 1,845,032 shares of the conglomerate’s stock valued at $388,379,000 after buying an additional 1,042,972 shares during the last quarter. Finally, Two Sigma Investments LP lifted its holdings in shares of Honeywell International by 424.3% in the third quarter. Two Sigma Investments LP now owns 1,153,754 shares of the conglomerate’s stock worth $242,865,000 after buying an additional 933,694 shares in the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Honeywell International Company Profile

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.