Honeywell International (NASDAQ:HON) Given New $217.00 Price Target at Morgan Stanley

Honeywell International (NASDAQ:HON) had its target price hoisted by investment analysts at Morgan Stanley from $210.00 to $217.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has an “equal weight” rating on the conglomerate’s stock. Morgan Stanley’s price objective suggests a potential upside of 3.84% from the stock’s previous close.

A number of other equities research analysts have also recently weighed in on the company. Wolfe Research cut Honeywell International from an “outperform” rating to a “peer perform” rating in a report on Monday, October 28th. HSBC raised Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 price target for the company in a report on Wednesday, December 11th. Deutsche Bank Aktiengesellschaft raised shares of Honeywell International from a “hold” rating to a “buy” rating and boosted their target price for the stock from $236.00 to $260.00 in a research note on Friday. Jefferies Financial Group raised their price target on shares of Honeywell International from $220.00 to $260.00 and gave the company a “hold” rating in a report on Tuesday, December 17th. Finally, Wells Fargo & Company decreased their price objective on Honeywell International from $240.00 to $220.00 and set an “equal weight” rating on the stock in a research report on Friday. Ten investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $248.71.

Honeywell International Price Performance

Honeywell International stock traded up $0.46 during mid-day trading on Tuesday, hitting $208.98. 958,743 shares of the company were exchanged, compared to its average volume of 3,996,586. Honeywell International has a 1-year low of $189.75 and a 1-year high of $242.77. The company has a quick ratio of 1.12, a current ratio of 1.31 and a debt-to-equity ratio of 1.33. The business has a fifty day moving average of $224.09 and a 200 day moving average of $215.15. The company has a market capitalization of $135.89 billion, a PE ratio of 24.00, a price-to-earnings-growth ratio of 2.55 and a beta of 1.05.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings results on Thursday, February 6th. The conglomerate reported $2.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.37 by $0.10. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. As a group, sell-side analysts expect that Honeywell International will post 10.3 earnings per share for the current year.

Institutional Investors Weigh In On Honeywell International

Large investors have recently made changes to their positions in the stock. Exchange Traded Concepts LLC increased its holdings in Honeywell International by 112.1% during the 3rd quarter. Exchange Traded Concepts LLC now owns 4,711 shares of the conglomerate’s stock worth $974,000 after purchasing an additional 2,490 shares in the last quarter. Paladin Wealth LLC bought a new position in shares of Honeywell International during the third quarter worth about $150,000. Stablepoint Partners LLC raised its position in Honeywell International by 10.5% in the 3rd quarter. Stablepoint Partners LLC now owns 1,814 shares of the conglomerate’s stock valued at $375,000 after buying an additional 172 shares during the last quarter. Wedge Capital Management L L P NC boosted its position in Honeywell International by 4.5% during the 3rd quarter. Wedge Capital Management L L P NC now owns 1,226 shares of the conglomerate’s stock worth $253,000 after acquiring an additional 53 shares during the last quarter. Finally, CX Institutional raised its holdings in shares of Honeywell International by 589.6% in the third quarter. CX Institutional now owns 46,509 shares of the conglomerate’s stock valued at $9,614,000 after purchasing an additional 39,765 shares during the last quarter. 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.