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

Honeywell International (NASDAQ:HON) had its price target reduced by Wells Fargo & Company from $240.00 to $220.00 in a report issued on Friday morning,Benzinga reports. They currently have an equal weight rating on the conglomerate’s stock.

HON has been the topic of a number of other reports. Robert W. Baird lowered Honeywell International from an “outperform” rating to a “neutral” rating and cut their target price for the stock from $223.00 to $217.00 in a research report on Friday, October 25th. JPMorgan Chase & Co. reduced their price objective on shares of Honeywell International from $233.00 to $231.00 and set a “neutral” rating for the company in a research note on Wednesday, January 15th. HSBC raised shares of 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. Citigroup decreased their price objective on shares of Honeywell International from $268.00 to $266.00 and set a “buy” rating for the company in a research note on Monday, January 13th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Honeywell International from a “hold” rating to a “buy” rating and boosted their target price for the company from $236.00 to $260.00 in a research note on Friday. Ten analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Honeywell International currently has an average rating of “Moderate Buy” and a consensus price target of $248.86.

Honeywell International Price Performance

Shares of HON opened at $205.52 on Friday. Honeywell International has a one year low of $189.75 and a one year high of $242.77. The stock’s fifty day moving average is $224.52 and its 200-day moving average is $215.10. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.12 and a current ratio of 1.31. The firm has a market capitalization of $133.64 billion, a price-to-earnings ratio of 23.60, a price-to-earnings-growth ratio of 2.55 and a beta of 1.05.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings data on Thursday, February 6th. The conglomerate reported $2.47 EPS for the quarter, beating analysts’ consensus estimates of $2.37 by $0.10. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. Equities analysts anticipate that Honeywell International will post 10.3 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Teachers Insurance & Annuity Association of America bought a new position in shares of Honeywell International during the third quarter valued at $25,000. Mainstream Capital Management LLC bought a new position in Honeywell International during the 4th quarter valued at about $25,000. Reston Wealth Management LLC bought a new stake in Honeywell International during the third quarter worth about $29,000. Hoese & Co LLP acquired a new stake in shares of Honeywell International during the fourth quarter worth approximately $30,000. Finally, Financial Avengers Inc. raised its stake in shares of Honeywell International by 48.1% in the third quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate’s stock valued at $32,000 after acquiring an additional 50 shares during the last quarter. 75.91% of the stock is currently owned by institutional investors and hedge funds.

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.