Honeywell International (NASDAQ:HON) Trading Down 5.2% – Here’s Why

Shares of Honeywell International Inc. (NASDAQ:HON) traded down 5.2% on Thursday . The stock traded as low as $211.15 and last traded at $210.70. 2,891,736 shares were traded during mid-day trading, a decline of 17% from the average session volume of 3,493,810 shares. The stock had previously closed at $222.35.

Analyst Ratings Changes

Several research firms have recently commented on HON. Jefferies Financial Group upped their price target on Honeywell International from $220.00 to $260.00 and gave the stock a “hold” rating in a research note on Tuesday, December 17th. Royal Bank of Canada reduced their target price on shares of Honeywell International from $253.00 to $236.00 and set a “sector perform” rating for the company in a research note on Friday. Deutsche Bank Aktiengesellschaft upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and boosted their price target for the stock from $236.00 to $260.00 in a research note on Friday. Wolfe Research downgraded shares of Honeywell International from an “outperform” rating to a “peer perform” rating in a research report on Monday, October 28th. Finally, HSBC upgraded Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 target price on the stock in a research report on Wednesday, December 11th. Ten investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Honeywell International has a consensus rating of “Moderate Buy” and an average price target of $248.86.

Honeywell International Stock Performance

The company has a current ratio of 1.44, a quick ratio of 1.12 and a debt-to-equity ratio of 1.44. The stock has a market capitalization of $133.64 billion, a price-to-earnings ratio of 23.73, a PEG ratio of 2.57 and a beta of 1.05. The stock’s 50 day moving average is $224.52 and its 200 day moving average is $215.11.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings data on Thursday, February 6th. The conglomerate reported $2.47 earnings per share for the quarter, topping analysts’ consensus estimates of $2.37 by $0.10. Honeywell International had a net margin of 15.02% and a return on equity of 37.77%. On average, analysts predict that Honeywell International Inc. will post 9.78 earnings per share for the current year.

Institutional Trading of Honeywell International

Large investors have recently made changes to their positions in the stock. CWM LLC grew its holdings in shares of Honeywell International by 3.4% during the third quarter. CWM LLC now owns 42,031 shares of the conglomerate’s stock worth $8,688,000 after buying an additional 1,373 shares in the last quarter. Pinnacle Bancorp Inc. grew its stake in Honeywell International by 41.7% in the 3rd quarter. Pinnacle Bancorp Inc. now owns 4,915 shares of the conglomerate’s stock worth $1,016,000 after acquiring an additional 1,446 shares during the period. Watts Gwilliam & Co. LLC acquired a new position in Honeywell International in the 3rd quarter valued at $1,752,000. Independence Bank of Kentucky lifted its stake in shares of Honeywell International by 12.5% during the 3rd quarter. Independence Bank of Kentucky now owns 8,997 shares of the conglomerate’s stock worth $1,860,000 after purchasing an additional 1,002 shares during the period. Finally, LVW Advisors LLC boosted its holdings in shares of Honeywell International by 10.9% during the third quarter. LVW Advisors LLC now owns 2,373 shares of the conglomerate’s stock worth $491,000 after purchasing an additional 234 shares during the last quarter. Institutional investors and hedge funds 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.