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

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

Several other research firms have also recently issued reports on HON. Royal Bank of Canada decreased their price objective on shares of Honeywell International from $210.00 to $209.00 and set a “sector perform” rating for the company in a report on Friday, February 2nd. Berenberg Bank raised shares of Honeywell International from a “hold” rating to a “buy” rating and increased their target price for the company from $195.00 to $240.00 in a research note on Wednesday, March 6th. Barclays increased their target price on shares of Honeywell International from $230.00 to $232.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $215.00 target price (down from $227.00) on shares of Honeywell International in a research note on Tuesday, April 16th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $219.67.

Honeywell International Stock Performance

NASDAQ HON traded up $0.43 on Friday, hitting $193.45. The stock had a trading volume of 3,041,356 shares, compared to its average volume of 3,018,941. Honeywell International has a one year low of $174.88 and a one year high of $210.87. The company has a quick ratio of 0.93, a current ratio of 1.27 and a debt-to-equity ratio of 1.01. The stock has a market cap of $125.97 billion, a price-to-earnings ratio of 22.84, a P/E/G ratio of 2.23 and a beta of 1.02. The company’s 50-day moving average is $198.18 and its two-hundred day moving average is $196.27.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings data on Thursday, April 25th. The conglomerate reported $2.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.17 by $0.08. The business had revenue of $9.11 billion during the quarter, compared to analysts’ expectations of $9.03 billion. Honeywell International had a net margin of 15.43% and a return on equity of 35.17%. The business’s revenue was up 2.7% on a year-over-year basis. During the same period last year, the firm posted $2.07 earnings per share. On average, analysts expect that Honeywell International will post 9.94 earnings per share for the current year.

Insider Transactions at Honeywell International

In other news, Director Darius Adamczyk sold 25,500 shares of the stock in a transaction on Monday, February 12th. The shares were sold at an average price of $197.19, for a total transaction of $5,028,345.00. Following 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 accessible through the SEC website. 0.41% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Industrial Alliance Investment Management Inc. grew its position in Honeywell International by 1,205.8% in the 3rd quarter. Industrial Alliance Investment Management Inc. now owns 3,395 shares of the conglomerate’s stock worth $627,000 after purchasing an additional 3,135 shares during the last quarter. Jag Capital Management LLC grew its position in Honeywell International by 40.8% in the 3rd quarter. Jag Capital Management LLC now owns 1,619 shares of the conglomerate’s stock worth $299,000 after purchasing an additional 469 shares during the last quarter. Shulman DeMeo Asset Management LLC grew its position in Honeywell International by 11.1% in the 4th quarter. Shulman DeMeo Asset Management LLC now owns 1,686 shares of the conglomerate’s stock worth $354,000 after purchasing an additional 169 shares during the last quarter. Ferguson Wellman Capital Management Inc. grew its position in Honeywell International by 1.7% in the 4th quarter. Ferguson Wellman Capital Management Inc. now owns 495,917 shares of the conglomerate’s stock worth $103,999,000 after purchasing an additional 8,493 shares during the last quarter. Finally, WINTON GROUP Ltd acquired a new stake in Honeywell International in the 3rd quarter worth $203,000. 75.91% of the stock is currently owned by institutional investors and hedge funds.

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.