Honeywell International (NASDAQ:HON) Rating Reiterated by Royal Bank of Canada

Honeywell International (NASDAQ:HON)‘s stock had its “sector perform” rating reissued by research analysts at Royal Bank of Canada in a research report issued on Thursday, Benzinga reports. They currently have a $214.00 price target on the conglomerate’s stock. Royal Bank of Canada’s price objective suggests a potential upside of 3.07% from the company’s previous close.

Other research analysts have also recently issued reports about the stock. StockNews.com cut shares of Honeywell International from a “buy” rating to a “hold” rating in a report on Friday, August 30th. Daiwa America raised shares of Honeywell International to a “moderate buy” rating in a report on Wednesday, June 5th. Morgan Stanley started coverage on shares of Honeywell International in a report on Friday, September 6th. They set an “equal weight” rating and a $210.00 price target for the company. Citigroup upped their target price on shares of Honeywell International from $243.00 to $244.00 and gave the stock a “buy” rating in a research report on Tuesday, June 4th. Finally, Wells Fargo & Company lowered their target price on shares of Honeywell International from $220.00 to $215.00 and set an “equal weight” rating on the stock in a research report on Friday, July 26th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Honeywell International presently has a consensus rating of “Hold” and a consensus price target of $223.13.

Honeywell International Price Performance

Shares of NASDAQ:HON opened at $207.63 on Thursday. The company has a 50-day simple moving average of $203.52 and a 200-day simple moving average of $203.57. Honeywell International has a one year low of $174.88 and a one year high of $220.79. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.91 and a current ratio of 1.21. The stock has a market capitalization of $135.21 billion, a price-to-earnings ratio of 24.06, a PEG ratio of 2.32 and a beta of 1.03.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings results on Thursday, July 25th. The conglomerate reported $2.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.42 by $0.07. The firm had revenue of $9.58 billion during the quarter, compared to analysts’ expectations of $9.41 billion. Honeywell International had a net margin of 15.49% and a return on equity of 36.87%. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same period in the prior year, the company posted $2.23 earnings per share. On average, analysts predict that Honeywell International will post 10.11 EPS for the current year.

Institutional Trading of Honeywell International

Large investors have recently modified their holdings of the business. Connectus Wealth LLC grew its position in shares of Honeywell International by 2.2% in the fourth quarter. Connectus Wealth LLC now owns 224,661 shares of the conglomerate’s stock valued at $47,128,000 after purchasing an additional 4,789 shares during the last quarter. Sanibel Captiva Trust Company Inc. acquired a new stake in Honeywell International during the fourth quarter worth approximately $27,230,000. Trilogy Capital Inc. boosted its position in Honeywell International by 125.7% during the first quarter. Trilogy Capital Inc. now owns 2,422 shares of the conglomerate’s stock worth $497,000 after acquiring an additional 1,349 shares during the last quarter. Jupiter Asset Management Ltd. acquired a new stake in Honeywell International during the first quarter worth approximately $1,398,000. Finally, Lloyd Advisory Services LLC. acquired a new stake in Honeywell International during the first quarter worth approximately $1,110,000. 75.91% of the stock is currently owned by institutional investors and hedge funds.

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.