Wells Fargo & Company Has Lowered Expectations for Honeywell International (NASDAQ:HON) Stock Price

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

Several other equities research analysts have also recently commented on the company. The Goldman Sachs Group increased their price objective on Honeywell International from $227.00 to $256.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Barclays raised their price target on shares of Honeywell International from $252.00 to $260.00 and gave the company an “overweight” rating in a report on Thursday, December 5th. UBS Group restated a “buy” rating and set a $298.00 price objective (up previously from $215.00) on shares of Honeywell International in a research report on Wednesday, November 13th. Citigroup lifted their target price on shares of Honeywell International from $244.00 to $268.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Finally, Wolfe Research cut Honeywell International from an “outperform” rating to a “peer perform” rating in a report on Monday, October 28th. Eleven research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Honeywell International currently has a consensus rating of “Hold” and a consensus target price of $248.21.

Honeywell International Stock Performance

HON stock opened at $220.17 on Tuesday. The stock has a market capitalization of $143.16 billion, a PE ratio of 25.42, a price-to-earnings-growth ratio of 2.85 and a beta of 1.06. The stock’s 50 day simple moving average is $226.22 and its 200 day simple moving average is $214.18. Honeywell International has a 12-month low of $189.66 and a 12-month high of $242.77. The company has a current ratio of 1.44, a quick ratio of 1.12 and a debt-to-equity ratio of 1.44.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Teachers Insurance & Annuity Association of America bought a new position in Honeywell International during the third quarter valued at approximately $25,000. Reston Wealth Management LLC bought a new position in shares of Honeywell International during the 3rd quarter valued at approximately $29,000. Financial Avengers Inc. grew its holdings 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 purchasing an additional 50 shares in the last quarter. Planning Capital Management Corp increased its position in 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 purchasing an additional 81 shares during the last quarter. Finally, Western Pacific Wealth Management LP purchased a new stake in Honeywell International during the third quarter valued at $41,000. Hedge funds and other 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.