Honeywell International (NASDAQ:HON) Given New $215.00 Price Target at Wells Fargo & Company

Honeywell International (NASDAQ:HON) had its price objective boosted by equities research analysts at Wells Fargo & Company from $207.00 to $215.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage presently has an “equal weight” rating on the conglomerate’s stock. Wells Fargo & Company‘s price target suggests a potential upside of 2.82% from the company’s previous close.

HON has been the subject of several other reports. JPMorgan Chase & Co. downgraded Honeywell International from an “overweight” rating to a “neutral” rating and increased their target price for the company from $225.00 to $235.00 in a research report on Thursday, October 10th. Bank of America reiterated a “neutral” rating and issued a $230.00 price objective (down previously from $250.00) on shares of Honeywell International in a report on Thursday. Morgan Stanley assumed coverage on shares of Honeywell International in a report on Friday, September 6th. They set an “equal weight” rating and a $210.00 target price on the stock. Robert W. Baird downgraded shares of Honeywell International from an “outperform” rating to a “neutral” rating and dropped their price target for the company from $223.00 to $217.00 in a research note on Friday. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $214.00 price objective on shares of Honeywell International in a research note on Thursday, September 26th. Nine investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $224.27.

Honeywell International Trading Down 5.1 %

Shares of Honeywell International stock opened at $209.10 on Friday. The firm has a market capitalization of $136.16 billion, a PE ratio of 24.23, a price-to-earnings-growth ratio of 2.45 and a beta of 1.03. The company has a current ratio of 1.21, a quick ratio of 0.91 and a debt-to-equity ratio of 1.19. The firm’s 50 day moving average is $206.99 and its 200 day moving average is $205.30. Honeywell International has a 1 year low of $174.88 and a 1 year high of $222.98.

Honeywell International (NASDAQ:HON) last posted its earnings results on Thursday, October 24th. The conglomerate reported $2.58 earnings per share for the quarter, topping analysts’ consensus estimates of $2.50 by $0.08. Honeywell International had a net margin of 15.49% and a return on equity of 36.87%. The firm had revenue of $9.73 billion for the quarter, compared to analysts’ expectations of $9.90 billion. Equities research analysts forecast that Honeywell International will post 10.1 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Honeywell International

Institutional investors and hedge funds have recently made changes to their positions in the business. LGT Group Foundation acquired a new position in Honeywell International in the first quarter valued at approximately $26,000. Richardson Capital Management LLC acquired a new position in shares of Honeywell International during the 1st quarter valued at $35,000. Financial Connections Group Inc. bought a new position in Honeywell International during the second quarter worth $38,000. Pathway Financial Advisers LLC acquired a new stake in Honeywell International in the first quarter worth $39,000. Finally, New Covenant Trust Company N.A. acquired a new stake in Honeywell International in the first quarter worth $42,000. 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.