Shares of Honeywell International Inc. (NYSE:HON) have been assigned an average rating of “Buy” from the twenty ratings firms that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and twelve have given a buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $157.06.

HON has been the subject of several research reports. JPMorgan Chase & Co. dropped their price target on shares of Honeywell International from $155.00 to $145.00 and set an “overweight” rating for the company in a research note on Tuesday, May 5th. Morgan Stanley boosted their price target on shares of Honeywell International from $137.00 to $147.00 and gave the company an “equal weight” rating in a research report on Tuesday. Barclays reissued a “buy” rating and issued a $156.00 price target on shares of Honeywell International in a research report on Friday, April 17th. Oppenheimer reaffirmed a “hold” rating on shares of Honeywell International in a report on Friday, May 1st. Finally, Langenberg & Company restated a “buy” rating and set a $165.00 target price on shares of Honeywell International in a research report on Friday, May 1st.

Several hedge funds have recently modified their holdings of HON. Capital World Investors raised its stake in shares of Honeywell International by 58.3% in the 4th quarter. Capital World Investors now owns 19,100,608 shares of the conglomerate’s stock valued at $3,380,808,000 after acquiring an additional 7,032,228 shares during the period. Franklin Resources Inc. raised its stake in shares of Honeywell International by 45.8% in the 1st quarter. Franklin Resources Inc. now owns 9,816,298 shares of the conglomerate’s stock valued at $1,313,305,000 after acquiring an additional 3,085,548 shares during the period. Massachusetts Financial Services Co. MA raised its stake in shares of Honeywell International by 11.4% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 25,221,633 shares of the conglomerate’s stock valued at $3,374,402,000 after acquiring an additional 2,587,342 shares during the period. Alliancebernstein L.P. raised its stake in shares of Honeywell International by 53.3% in the 1st quarter. Alliancebernstein L.P. now owns 5,805,579 shares of the conglomerate’s stock valued at $776,728,000 after acquiring an additional 2,019,323 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its stake in shares of Honeywell International by 34.3% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,862,901 shares of the conglomerate’s stock valued at $516,818,000 after acquiring an additional 986,782 shares during the period. 76.31% of the stock is currently owned by institutional investors and hedge funds.

Honeywell International stock traded up $4.46 during trading on Thursday, hitting $147.96. The company had a trading volume of 1,992,327 shares, compared to its average volume of 3,351,155. The company’s 50 day simple moving average is $146.51 and its 200-day simple moving average is $153.14. The stock has a market cap of $99.98 billion, a price-to-earnings ratio of 16.84, a price-to-earnings-growth ratio of 2.76 and a beta of 1.03. The company has a current ratio of 1.30, a quick ratio of 1.04 and a debt-to-equity ratio of 0.65. Honeywell International has a 1-year low of $101.08 and a 1-year high of $184.06.

Honeywell International (NYSE:HON) last posted its quarterly earnings results on Friday, May 1st. The conglomerate reported $2.21 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.96 by $0.25. The business had revenue of $8.46 billion during the quarter, compared to the consensus estimate of $8.56 billion. Honeywell International had a net margin of 17.38% and a return on equity of 33.60%. The company’s quarterly revenue was down 4.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.92 earnings per share. As a group, analysts forecast that Honeywell International will post 6.93 earnings per share for the current fiscal year.

About Honeywell International

Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. Its Aerospace segment supplies products, software, and services for aircrafts and vehicles. This 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 connected solutions and data services for the aftermarket, as well as provides wireless connectivity and management and technical services.

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Analyst Recommendations for Honeywell International (NYSE:HON)

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