Honeywell International (NASDAQ:HON) Price Target Lowered to $220.00 at Wells Fargo & Company

Honeywell International (NASDAQ:HON) had its price target cut by equities researchers at Wells Fargo & Company from $240.00 to $220.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has an “equal weight” rating on the conglomerate’s stock. Wells Fargo & Company‘s price objective would indicate a potential upside of 4.36% from the stock’s previous close.

Several other research firms also recently issued reports on HON. JPMorgan Chase & Co. dropped their price objective on shares of Honeywell International from $233.00 to $231.00 and set a “neutral” rating on the stock in a report on Wednesday, January 15th. Hsbc Global Res raised Honeywell International to a “strong-buy” rating in a report on Wednesday, December 11th. Jefferies Financial Group lifted their price objective on Honeywell International from $220.00 to $260.00 and gave the stock a “hold” rating in a report on Tuesday, December 17th. StockNews.com lowered Honeywell International from a “buy” rating to a “hold” rating in a research note on Monday, December 23rd. Finally, HSBC upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 price target on the stock in a research note on Wednesday, December 11th. Ten research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Honeywell International presently has a consensus rating of “Moderate Buy” and an average target price of $250.07.

Honeywell International Stock Up 0.5 %

Shares of HON stock opened at $210.80 on Friday. Honeywell International has a twelve month low of $189.75 and a twelve month high of $242.77. The company has a market capitalization of $137.07 billion, a price-to-earnings ratio of 24.34, a PEG ratio of 2.57 and a beta of 1.05. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.12 and a current ratio of 1.44. The stock’s 50 day simple moving average is $225.07 and its 200 day simple moving average is $215.19.

Honeywell International (NASDAQ:HON) last released its earnings results on Thursday, February 6th. The conglomerate reported $2.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.37 by $0.10. Honeywell International had a return on equity of 37.77% and a net margin of 15.02%. As a group, research analysts predict that Honeywell International will post 9.78 EPS for the current year.

Hedge Funds Weigh In On Honeywell International

Institutional investors have recently modified their holdings of the stock. Teachers Insurance & Annuity Association of America acquired a new position in shares of Honeywell International during the third quarter valued at $25,000. Mainstream Capital Management LLC bought a new stake in Honeywell International during the 4th quarter worth about $25,000. Reston Wealth Management LLC acquired a new position in Honeywell International during the 3rd quarter valued at about $29,000. Hoese & Co LLP acquired a new stake in shares of Honeywell International during the 4th quarter worth approximately $30,000. Finally, Financial Avengers Inc. grew its position in shares of Honeywell International by 48.1% during the 3rd quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate’s stock worth $32,000 after buying an additional 50 shares during the period. 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.