Honeywell International (NASDAQ:HON) Stock Rating Lowered by StockNews.com

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

Other equities analysts have also issued research reports about the company. Berenberg Bank upgraded Honeywell International from a “hold” rating to a “buy” rating and lifted their price objective for the company from $195.00 to $240.00 in a research note on Wednesday, March 6th. Royal Bank of Canada reduced their price objective on Honeywell International from $210.00 to $209.00 and set a “sector perform” rating for the company in a research note on Friday, February 2nd. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $215.00 price objective (down previously from $227.00) on shares of Honeywell International in a research note on Tuesday, April 16th. Finally, Barclays lifted their price objective on Honeywell International from $230.00 to $232.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $219.67.

Honeywell International Stock Performance

HON stock traded up $0.43 during midday trading on Friday, reaching $193.45. The stock had a trading volume of 3,041,356 shares, compared to its average volume of 3,018,941. The stock has a market cap of $125.97 billion, a PE ratio of 22.84, a P/E/G ratio of 2.23 and a beta of 1.02. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.93 and a current ratio of 1.27. The firm has a fifty day simple moving average of $198.18 and a two-hundred day simple moving average of $196.27. Honeywell International has a 52-week low of $174.88 and a 52-week high of $210.87.

Honeywell International (NASDAQ:HON) last issued its earnings results on Thursday, April 25th. The conglomerate reported $2.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.17 by $0.08. The company had revenue of $9.11 billion during the quarter, compared to analyst estimates of $9.03 billion. Honeywell International had a return on equity of 35.17% and a net margin of 15.43%. The firm’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter last year, the business posted $2.07 EPS. As a group, equities research analysts anticipate that Honeywell International will post 9.94 EPS for the current year.

Insider Activity at Honeywell International

In related news, Director Darius Adamczyk sold 25,500 shares of Honeywell International stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $197.19, for a total value of $5,028,345.00. Following the completion of the transaction, the director now owns 183,400 shares in the company, valued at approximately $36,164,646. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.41% of the stock is owned by company insiders.

Institutional Investors Weigh In On Honeywell International

Several institutional investors have recently bought and sold shares of the company. Altshuler Shaham Ltd acquired a new position in shares of Honeywell International during the 4th quarter worth approximately $27,000. Scarborough Advisors LLC acquired a new position in shares of Honeywell International during the 4th quarter worth approximately $27,000. Cordant Inc. acquired a new position in shares of Honeywell International during the 4th quarter worth approximately $31,000. Rakuten Securities Inc. acquired a new position in shares of Honeywell International during the 4th quarter worth approximately $31,000. Finally, Richardson Capital Management LLC acquired a new position in shares of Honeywell International during the 1st quarter worth approximately $35,000. 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.