TD Cowen Has Lowered Expectations for Honeywell International (NASDAQ:HON) Stock Price

Honeywell International (NASDAQ:HON) had its target price lowered by equities research analysts at TD Cowen from $250.00 to $240.00 in a note issued to investors on Monday,MarketScreener reports. TD Cowen’s target price indicates a potential upside of 23.17% from the company’s current price.

A number of other equities research analysts have also issued reports on the company. Weiss Ratings lowered Honeywell International from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday. Citigroup raised their price target on shares of Honeywell International from $251.56 to $267.00 and gave the stock a “buy” rating in a research report on Tuesday, November 4th. Royal Bank Of Canada upgraded shares of Honeywell International from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from $235.00 to $253.00 in a research note on Monday, October 27th. Rothschild & Co Redburn dropped their target price on shares of Honeywell International from $240.00 to $222.00 and set a “neutral” rating for the company in a research report on Monday, October 27th. Finally, Barclays upped their price target on Honeywell International from $265.00 to $270.00 and gave the company an “overweight” rating in a research report on Friday, October 24th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Honeywell International currently has an average rating of “Moderate Buy” and a consensus price target of $249.00.

Honeywell International Stock Performance

NASDAQ:HON opened at $194.85 on Monday. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.36 and a quick ratio of 1.04. The firm has a market cap of $123.71 billion, a PE ratio of 20.54, a P/E/G ratio of 2.73 and a beta of 1.07. The firm has a 50 day simple moving average of $208.63 and a 200-day simple moving average of $218.33. Honeywell International has a 1-year low of $179.36 and a 1-year high of $242.77.

Honeywell International (NASDAQ:HON) last issued its earnings results on Monday, December 11th. The conglomerate reported $2.25 earnings per share for the quarter. The firm had revenue of $8.95 billion for the quarter. Honeywell International had a return on equity of 38.11% and a net margin of 15.07%. Honeywell International has set its Q4 2023 guidance at 2.530-2.630 EPS. FY 2023 guidance at 9.100-9.200 EPS. On average, equities analysts expect that Honeywell International will post 10.34 EPS for the current year.

Insider Buying and Selling at Honeywell International

In other news, CEO Lucian Boldea sold 42,149 shares of the firm’s stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $221.58, for a total transaction of $9,339,375.42. Following the completion of the transaction, the chief executive officer owned 10,334 shares in the company, valued at approximately $2,289,807.72. This trade represents a 80.31% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.20% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Honeywell International

Several hedge funds have recently made changes to their positions in the company. Jackson Grant Investment Advisers Inc. boosted its position in shares of Honeywell International by 54.0% in the third quarter. Jackson Grant Investment Advisers Inc. now owns 1,481 shares of the conglomerate’s stock worth $312,000 after buying an additional 519 shares during the period. Asahi Life Asset Management CO. LTD. lifted its stake in Honeywell International by 12.3% in the 3rd quarter. Asahi Life Asset Management CO. LTD. now owns 10,454 shares of the conglomerate’s stock worth $2,201,000 after acquiring an additional 1,142 shares in the last quarter. Stevens Capital Management LP acquired a new stake in Honeywell International during the 3rd quarter worth about $2,289,000. Hillsdale Investment Management Inc. purchased a new position in Honeywell International during the 3rd quarter valued at about $880,000. Finally, Lion Street Advisors LLC acquired a new position in shares of Honeywell International in the 3rd quarter valued at about $216,000. Hedge funds and other institutional investors own 75.91% of the company’s stock.

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.