Wells Fargo & Company Issues Pessimistic Forecast for Honeywell International (NASDAQ:HON) Stock Price

Honeywell International (NASDAQ:HON) had its price target trimmed by Wells Fargo & Company from $240.00 to $220.00 in a research report report published on Friday,Benzinga reports. The firm currently has an equal weight rating on the conglomerate’s stock.

Several other equities analysts have also weighed in on HON. Hsbc Global Res raised Honeywell International to a “strong-buy” rating in a research note on Wednesday, December 11th. Deutsche Bank Aktiengesellschaft raised shares of Honeywell International from a “hold” rating to a “buy” rating and upped their target price for the company from $236.00 to $260.00 in a research note on Friday. UBS Group restated a “buy” rating and issued a $298.00 price objective (up previously from $215.00) on shares of Honeywell International in a research report on Wednesday, November 13th. Wolfe Research lowered Honeywell International from an “outperform” rating to a “peer perform” rating in a report on Monday, October 28th. Finally, Barclays increased their price target on Honeywell International from $255.00 to $260.00 and gave the stock an “overweight” rating in a report on Friday, January 17th. Ten research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Honeywell International presently has a consensus rating of “Moderate Buy” and a consensus target price of $248.86.

Honeywell International Stock Performance

HON stock opened at $205.52 on Friday. The company has a 50 day moving average price of $224.52 and a 200 day moving average price of $215.10. The stock has a market capitalization of $133.64 billion, a PE ratio of 23.60, a price-to-earnings-growth ratio of 2.55 and a beta of 1.05. Honeywell International has a fifty-two week low of $189.75 and a fifty-two week high of $242.77. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.31 and a quick ratio of 1.12.

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 net margin of 14.82% and a return on equity of 35.78%. Analysts forecast that Honeywell International will post 10.3 EPS for the current year.

Institutional Investors Weigh In On Honeywell International

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