Wells Fargo & Company Cuts Honeywell International (NASDAQ:HON) Price Target to $240.00

Honeywell International (NASDAQ:HON) had its price target trimmed by Wells Fargo & Company from $254.00 to $240.00 in a research note published on Tuesday,Benzinga reports. The brokerage currently has an equal weight rating on the conglomerate’s stock.

A number of other equities research analysts have also weighed in on the company. Bank of America boosted their target price on Honeywell International from $220.00 to $240.00 and gave the company a “neutral” rating in a research note on Thursday, November 14th. Hsbc Global Res upgraded Honeywell International to a “strong-buy” rating in a research report on Wednesday, December 11th. Robert W. Baird cut shares of 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 report on Friday, October 25th. Jefferies Financial Group upped their price target on shares of Honeywell International from $220.00 to $260.00 and gave the company a “hold” rating in a report on Tuesday, December 17th. Finally, The Goldman Sachs Group increased their price target on shares of Honeywell International from $227.00 to $256.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Eleven analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $248.21.

Honeywell International Price Performance

Shares of NASDAQ:HON opened at $220.17 on Tuesday. The company’s fifty day moving average is $226.22 and its 200 day moving average is $214.18. The company has a quick ratio of 1.12, a current ratio of 1.44 and a debt-to-equity ratio of 1.44. Honeywell International has a 52 week low of $189.66 and a 52 week high of $242.77. The stock has a market cap of $143.16 billion, a PE ratio of 25.42, a PEG ratio of 2.85 and a beta of 1.06.

Hedge Funds Weigh In On Honeywell International

Institutional investors have recently added to or reduced their stakes in the company. Teachers Insurance & Annuity Association of America bought a new stake in shares of Honeywell International in the 3rd quarter worth approximately $25,000. Reston Wealth Management LLC purchased a new position in Honeywell International during the third quarter valued at $29,000. Financial Avengers Inc. boosted its holdings in Honeywell International by 48.1% in the third quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate’s stock worth $32,000 after acquiring an additional 50 shares in the last quarter. Planning Capital Management Corp grew its stake in shares of Honeywell International by 96.4% in the third quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock worth $34,000 after acquiring an additional 81 shares during the last quarter. Finally, Western Pacific Wealth Management LP bought a new position in shares of Honeywell International during the third quarter valued at $41,000. Institutional investors own 75.91% of the company’s stock.

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.