Honeywell International (NASDAQ:HON) Rating Increased to Overweight at JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of Honeywell International (NASDAQ:HON) from a neutral rating to an overweight rating in a report released on Friday morning, Marketbeat Ratings reports. JPMorgan Chase & Co. currently has $255.00 target price on the conglomerate’s stock, up from their prior target price of $218.00.

Other equities analysts have also recently issued reports about the stock. Vertical Research cut shares of Honeywell International from a “buy” rating to a “hold” rating and set a $220.00 price objective for the company. in a research note on Monday, January 5th. Wall Street Zen raised shares of Honeywell International to a “hold” rating in a research note on Saturday, January 3rd. Morgan Stanley dropped their price objective on Honeywell International from $245.00 to $235.00 and set an “equal weight” rating for the company in a report on Tuesday, October 28th. Mizuho decreased their target price on Honeywell International from $250.00 to $240.00 and set an “outperform” rating for the company in a research report on Monday, January 5th. Finally, Royal Bank Of Canada lowered their target price on shares of Honeywell International from $253.00 to $249.00 and set an “outperform” rating for the company in a research note on Thursday. Ten research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $236.48.

Honeywell International Price Performance

Shares of Honeywell International stock opened at $219.39 on Friday. The company has a market capitalization of $139.29 billion, a price-to-earnings ratio of 23.12, a PEG ratio of 2.97 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. The stock’s 50-day simple moving average is $197.32 and its 200-day simple moving average is $210.27. Honeywell International has a 52 week low of $169.21 and a 52 week high of $228.04.

Honeywell International (NASDAQ:HON) last issued its earnings results on Thursday, October 23rd. The conglomerate reported $2.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.57 by $0.25. The company had revenue of $10.41 billion for the quarter, compared to the consensus estimate of $10.14 billion. Honeywell International had a return on equity of 38.11% and a net margin of 15.07%.The firm’s quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter last year, the company 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. As a group, analysts expect that Honeywell International will post 10.34 earnings per share for the current fiscal year.

Institutional Trading of Honeywell International

A number of institutional investors and hedge funds have recently made changes to their positions in HON. SG Americas Securities LLC lifted its position in shares of Honeywell International by 15,459.1% in the fourth quarter. SG Americas Securities LLC now owns 4,057,960 shares of the conglomerate’s stock valued at $791,667,000 after acquiring an additional 4,031,879 shares in the last quarter. Laurel Wealth Advisors LLC raised its stake in Honeywell International by 23,503.0% during the second 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 stake in shares of Honeywell International by 28.8% in 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 during the period. Marshall Wace LLP lifted its stake in shares of Honeywell International by 130.0% in the 3rd quarter. Marshall Wace LLP now owns 1,845,032 shares of the conglomerate’s stock valued at $388,379,000 after purchasing an additional 1,042,972 shares during the last quarter. Finally, Two Sigma Investments LP increased its holdings in Honeywell International by 424.3% in the 3rd quarter. Two Sigma Investments LP now owns 1,153,754 shares of the conglomerate’s stock valued at $242,865,000 after purchasing an additional 933,694 shares during the last quarter. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

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.