Honeywell International (NASDAQ:HON) Rating Reiterated by Deutsche Bank Aktiengesellschaft

Honeywell International (NASDAQ:HON)‘s stock had its “hold” rating reiterated by stock analysts at Deutsche Bank Aktiengesellschaft in a report issued on Tuesday, Marketbeat Ratings reports. They presently have a $215.00 price objective on the conglomerate’s stock, down from their previous price objective of $227.00. Deutsche Bank Aktiengesellschaft’s price objective suggests a potential upside of 12.94% from the company’s current price.

A number of other research analysts also recently weighed in on the company. Wells Fargo & Company increased their price target on Honeywell International from $190.00 to $213.00 and gave the company an “equal weight” rating in a research note on Tuesday, December 19th. Royal Bank of Canada cut their price target on Honeywell International from $210.00 to $209.00 and set a “sector perform” rating on the stock in a research note on Friday, February 2nd. Barclays increased their price target on Honeywell International from $230.00 to $232.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. Finally, Berenberg Bank raised Honeywell International from a “hold” rating to a “buy” rating and increased their price target for the company from $195.00 to $240.00 in a research note on Wednesday, March 6th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $219.67.

Honeywell International Stock Down 0.2 %

NASDAQ:HON opened at $190.36 on Tuesday. The stock’s fifty day moving average price is $198.41 and its two-hundred day moving average price is $195.82. Honeywell International has a 52-week low of $174.88 and a 52-week high of $210.87. 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 company has a market cap of $123.96 billion, a price-to-earnings ratio of 22.47, a P/E/G ratio of 2.22 and a beta of 1.02.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings data on Thursday, February 1st. The conglomerate reported $2.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.59 by $0.01. Honeywell International had a return on equity of 35.17% and a net margin of 15.43%. The firm had revenue of $9.44 billion for the quarter, compared to the consensus estimate of $9.70 billion. During the same quarter in the prior year, the business earned $2.52 EPS. The business’s revenue for the quarter was up 2.8% compared to the same quarter last year. On average, analysts anticipate that Honeywell International will post 9.94 EPS for the current year.

Insiders Place Their Bets

In other Honeywell International news, Director Darius Adamczyk sold 25,500 shares of the stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $197.19, for a total transaction 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 transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.41% of the company’s stock.

Hedge Funds Weigh In On Honeywell International

A number of large investors have recently added to or reduced their stakes in the company. Sandy Cove Advisors LLC grew its holdings in shares of Honeywell International by 11.4% in the 1st quarter. Sandy Cove Advisors LLC now owns 5,659 shares of the conglomerate’s stock valued at $1,162,000 after acquiring an additional 577 shares in the last quarter. Trilogy Capital Inc. grew its holdings in shares of Honeywell International by 125.7% in the 1st quarter. Trilogy Capital Inc. now owns 2,422 shares of the conglomerate’s stock valued at $497,000 after acquiring an additional 1,349 shares in the last quarter. Red Door Wealth Management LLC grew its holdings in shares of Honeywell International by 7.5% in the 1st quarter. Red Door Wealth Management LLC now owns 22,752 shares of the conglomerate’s stock valued at $4,670,000 after acquiring an additional 1,580 shares in the last quarter. Cornerstone Wealth Group LLC bought a new position in shares of Honeywell International in the 1st quarter valued at about $4,605,000. Finally, Richardson Capital Management LLC bought a new position in shares of Honeywell International in the 1st quarter valued at about $35,000. Institutional investors own 75.91% of the company’s stock.

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.