Honeywell International (NASDAQ:HON) stock rating was updated by StockNews.com

Honeywell International (NASDAQ:HON – Get a Free Report) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday.

Other equities research analysts have recently issued reports on the stock. Daiwa America raised shares of Honeywell International to a “moderate-buy” rating in a research note on Wednesday, June 5th. Citigroup boosted 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. Royal Bank of Canada cut their price target on Honeywell International from $218.00 to $214.00 and set a “sector perform” rating for the company in a report on Friday, July 26th. Wells Fargo & Company reduced their price objective on Honeywell International from $220.00 to $215.00 and set an “equal weight” rating on the stock in a report on Friday, July 26th. Finally, UBS Group upgraded Honeywell International from a “sell” rating to a “neutral” rating and upped their target price for the company from $175.00 to $215.00 in a note research on Monday, June 10. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Moderate Buy” and an average price target of $225.00, according to MarketBeat.com.

Check out our latest HON review

Honeywell International Price Performance

Shares of HON stock opened at $198.50 on Friday. The firm has a 50-day moving average of $209.04 and a 200-day moving average of $202.39. The company has a market cap of $129.26 billion, a price-to-earnings ratio of 23.00, a PEG ratio of 2.32 and a beta of 1.04. The company has a current ratio of 1.21, a quick ratio of 0.91, and a debt-to-equity ratio of 1.19. Honeywell International has a 12-month low of $174.88 and a 12-month high of $220.79.

Honeywell International (NASDAQ:HON – Get Your Free Report ) last announced its quarterly earnings results on Thursday, July 25th. The conglomerate reported $2.49 earnings per share for the quarter, topping analysts’ consensus estimates of $2.42 by $0.07. The business had revenue of $9.58 billion during the quarter, compared to analysts’ expectations of $9.41 billion. Honeywell International had a return on equity of 36.87% and a net margin of 15.49%. The company’s revenue for the quarter was up 4.7% year over year. In the same quarter last year, the company posted earnings of $2.23 per share. As a group, equities analysts expect that Honeywell International will post 10.14 EPS for the current fiscal year.

Institutional Trading of Honeywell International

Several institutional investors have recently added to or reduced their stakes in the business. Cypress Wealth Services LLC grew its stake in Honeywell International by 2.5% in the second quarter. Cypress Wealth Services LLC now owns 1,952 shares of the conglomerate’s stock valued at $417,000 after acquiring an additional 47 shares in the last quarter. Bard Financial Services Inc. boosted its holdings in Honeywell International by 0.3% in the second quarter. Bard Financial Services Inc. now owns 17,594 shares of the conglomerate’s stock worth $3,757,000 after buying an additional 50 shares in the last quarter. Quent Capital LLC raised its position in Honeywell International by 3.0% during the second quarter. Quent Capital LLC now owns 1,773 shares of the conglomerate’s stock worth $379,000 after acquiring an additional 51 shares in the last quarter. Lansing Street Advisors boosted its stake in Honeywell International by 5.0% in the second quarter. Lansing Street Advisors now owns 1,077 shares of the conglomerate’s stock valued at $230,000 after acquiring an additional 51 shares during the last quarter. Finally, Legacy Trust boosted its stake in Honeywell International by 2.1% in the first quarter. Legacy Trust now owns 2,527 shares of the conglomerate’s stock worth $519,000 after buying an additional 52 shares during the last quarter. Institutional investors own 75.91% of the company’s shares.

Honeywell International Company Profile

(Get a free report)

Honeywell International Inc is engaged in aerospace technologies, building automation, energy and sustainability 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 and power control 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.

Further reading

Get news and reviews for Honeywell International Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Honeywell International and related companies with MarketBeat.com’s FREE daily email newsletter.