Wells Fargo & Company Forecasts Strong Price Appreciation for Honeywell International (NASDAQ:HON) Stock

Honeywell International (NASDAQ:HON) had its price target increased by analysts at Wells Fargo & Company from $215.00 to $254.00 in a research report issued on Wednesday,Benzinga reports. The firm currently has an “equal weight” rating on the conglomerate’s stock. Wells Fargo & Company‘s price objective indicates a potential upside of 10.11% from the company’s previous close.

Several other research analysts have also recently weighed in on HON. Robert W. Baird cut Honeywell International from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $223.00 to $217.00 in a research note on Friday, October 25th. Citigroup lowered their target price on shares of Honeywell International from $248.00 to $244.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. StockNews.com upgraded shares of Honeywell International from a “hold” rating to a “buy” rating in a research note on Sunday, November 3rd. JPMorgan Chase & Co. lowered their price objective on shares of Honeywell International from $235.00 to $233.00 and set a “neutral” rating on the stock in a research report on Friday, October 25th. Finally, Bank of America reaffirmed a “neutral” rating and issued a $230.00 target price (down previously from $250.00) on shares of Honeywell International in a research report on Thursday, October 24th. Nine analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Honeywell International has an average rating of “Hold” and a consensus price target of $241.45.

Honeywell International Trading Down 1.0 %

NASDAQ:HON opened at $230.67 on Wednesday. Honeywell International has a 52 week low of $188.78 and a 52 week high of $242.77. The stock has a market cap of $149.99 billion, a price-to-earnings ratio of 26.91, a PEG ratio of 2.78 and a beta of 1.03. The company’s 50 day moving average price is $210.22 and its 200-day moving average price is $207.34. The company has a quick ratio of 1.12, a current ratio of 1.44 and a debt-to-equity ratio of 1.44.

Hedge Funds Weigh In On Honeywell International

Hedge funds have recently made changes to their positions in the business. Capital Wealth Planning LLC bought a new position in Honeywell International in the 2nd quarter worth approximately $392,478,000. Price T Rowe Associates Inc. MD boosted its position in shares of Honeywell International by 22.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 9,587,718 shares of the conglomerate’s stock worth $1,967,880,000 after acquiring an additional 1,746,759 shares during the last quarter. International Assets Investment Management LLC increased its holdings in Honeywell International by 24,683.3% in the 3rd quarter. International Assets Investment Management LLC now owns 948,704 shares of the conglomerate’s stock valued at $1,961,070,000 after acquiring an additional 944,876 shares during the last quarter. Mizuho Securities USA LLC increased its holdings in Honeywell International by 1,147.0% in the 3rd quarter. Mizuho Securities USA LLC now owns 626,071 shares of the conglomerate’s stock valued at $129,415,000 after acquiring an additional 575,865 shares during the last quarter. Finally, Natixis lifted its stake in Honeywell International by 184.8% in the 1st quarter. Natixis now owns 838,716 shares of the conglomerate’s stock worth $172,146,000 after purchasing an additional 544,175 shares in the last quarter. 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.