JPMorgan Chase & Co. Has Lowered Expectations for Honeywell International (NASDAQ:HON) Stock Price

Honeywell International (NASDAQ:HON) had its target price decreased by equities research analysts at JPMorgan Chase & Co. from $233.00 to $231.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has a “neutral” rating on the conglomerate’s stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 4.20% from the company’s current price.

HON has been the subject of several other reports. Wells Fargo & Company dropped their price objective on Honeywell International from $254.00 to $240.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 7th. UBS Group reissued a “buy” rating and set a $298.00 price target (up from $215.00) on shares of Honeywell International in a report on Wednesday, November 13th. Barclays dropped their price objective on shares of Honeywell International from $260.00 to $255.00 and set an “overweight” rating for the company in a report on Wednesday, January 8th. Bank of America boosted their target price on Honeywell International from $220.00 to $240.00 and gave the stock a “neutral” rating in a report on Thursday, November 14th. Finally, StockNews.com downgraded Honeywell International from a “buy” rating to a “hold” rating in a research report on Monday, December 23rd. Eleven research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Honeywell International presently has an average rating of “Hold” and a consensus target price of $247.93.

Honeywell International Stock Up 1.5 %

NASDAQ HON opened at $221.68 on Wednesday. Honeywell International has a 1-year low of $189.66 and a 1-year high of $242.77. The company has a market capitalization of $144.15 billion, a price-to-earnings ratio of 25.60, a PEG ratio of 2.85 and a beta of 1.06. The stock’s 50 day moving average is $226.83 and its two-hundred day moving average is $214.27. The company has a current ratio of 1.44, a quick ratio of 1.12 and a debt-to-equity ratio of 1.44.

Institutional Trading of Honeywell International

A number of large investors have recently bought and sold shares of the business. Wealthcare Advisory Partners LLC increased its holdings in Honeywell International by 50.3% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 8,759 shares of the conglomerate’s stock worth $1,978,000 after purchasing an additional 2,930 shares in the last quarter. Procyon Advisors LLC grew its stake in shares of Honeywell International by 2.8% during the 4th quarter. Procyon Advisors LLC now owns 13,799 shares of the conglomerate’s stock worth $3,117,000 after acquiring an additional 374 shares in the last quarter. Tompkins Financial Corp lifted its position in shares of Honeywell International by 1.2% in the fourth quarter. Tompkins Financial Corp now owns 51,439 shares of the conglomerate’s stock worth $11,620,000 after purchasing an additional 608 shares in the last quarter. Sterling Financial Group Inc. acquired a new stake in Honeywell International in the 4th quarter valued at $223,000. Finally, Empirical Asset Management LLC raised its holdings in Honeywell International by 925.6% during the fourth quarter. Empirical Asset Management LLC now owns 48,195 shares of the conglomerate’s stock worth $10,887,000 after acquiring an additional 43,496 shares in the last quarter. 75.91% of the stock is owned by institutional investors.

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.