Honeywell International (NASDAQ:HON) Stock Price Expected to Rise, The Goldman Sachs Group Analyst Says

Honeywell International (NASDAQ:HON) had its target price hoisted by investment analysts at The Goldman Sachs Group from $227.00 to $256.00 in a note issued to investors on Thursday,Benzinga reports. The firm currently has a “buy” rating on the conglomerate’s stock. The Goldman Sachs Group’s price target indicates a potential upside of 12.47% from the company’s current price.

A number of other analysts have also recently weighed in on HON. Barclays boosted their price objective on shares of Honeywell International from $252.00 to $260.00 and gave the stock an “overweight” rating in a research note on Thursday, December 5th. HSBC raised Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 price objective on the stock in a report on Wednesday. Baird R W cut shares of Honeywell International from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 25th. JPMorgan Chase & Co. dropped their price objective on Honeywell International from $235.00 to $233.00 and set a “neutral” rating for the company in a research note on Friday, October 25th. Finally, Robert W. Baird lowered shares of Honeywell International from an “outperform” rating to a “neutral” rating and dropped their price objective for the stock from $223.00 to $217.00 in a report on Friday, October 25th. Ten analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Honeywell International currently has a consensus rating of “Hold” and a consensus price target of $248.77.

Honeywell International Trading Down 0.0 %

Shares of NASDAQ:HON opened at $227.62 on Thursday. Honeywell International has a 1 year low of $189.66 and a 1 year high of $242.77. The firm has a fifty day moving average price of $221.06 and a 200 day moving average price of $211.66. The stock has a market capitalization of $148.01 billion, a PE ratio of 26.28, a P/E/G ratio of 2.85 and a beta of 1.05. The company has a current ratio of 1.44, a quick ratio of 1.12 and a debt-to-equity ratio of 1.44.

Hedge Funds Weigh In On Honeywell International

Several hedge funds have recently added to or reduced their stakes in the stock. State Street Corp increased its holdings in shares of Honeywell International by 0.3% in the third quarter. State Street Corp now owns 31,026,897 shares of the conglomerate’s stock worth $6,413,570,000 after acquiring an additional 92,112 shares in the last quarter. Wellington Management Group LLP increased its holdings in Honeywell International by 8.4% during the third quarter. Wellington Management Group LLP now owns 17,826,700 shares of the conglomerate’s stock worth $3,684,957,000 after buying an additional 1,376,479 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Honeywell International by 4.0% in the 3rd quarter. Geode Capital Management LLC now owns 14,360,730 shares of the conglomerate’s stock valued at $2,959,535,000 after purchasing an additional 547,998 shares during the period. Ameriprise Financial Inc. lifted its position in shares of Honeywell International by 3.9% in the second quarter. Ameriprise Financial Inc. now owns 8,365,840 shares of the conglomerate’s stock valued at $1,786,449,000 after buying an additional 310,807 shares during the last quarter. Finally, Legal & General Group Plc lifted its holdings in Honeywell International by 0.9% during the 2nd quarter. Legal & General Group Plc now owns 4,910,551 shares of the conglomerate’s stock valued at $1,048,600,000 after purchasing an additional 42,305 shares during the last quarter. Institutional investors and hedge funds 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.