Honeywell International (NASDAQ:HON) Price Target Cut to $220.00 by Analysts at Wells Fargo & Company

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

A number of other analysts have also recently weighed in on HON. Baird R W cut shares of Honeywell International from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 25th. Barclays upped their target price on Honeywell International from $255.00 to $260.00 and gave the stock an “overweight” rating in a research report on Friday, January 17th. HSBC upgraded Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 target price on the stock in a report on Wednesday, December 11th. Bank of America increased their price objective on shares of Honeywell International from $220.00 to $240.00 and gave the company a “neutral” rating in a research report on Thursday, November 14th. Finally, The Goldman Sachs Group boosted their target price on shares of Honeywell International from $227.00 to $256.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Ten equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $248.86.

Honeywell International Price Performance

HON stock opened at $205.52 on Friday. The company has a market cap of $133.64 billion, a PE ratio of 23.73, a price-to-earnings-growth ratio of 2.57 and a beta of 1.05. The company has a current ratio of 1.44, a quick ratio of 1.12 and a debt-to-equity ratio of 1.44. The stock has a 50-day moving average price of $224.52 and a two-hundred day moving average price of $215.11. Honeywell International has a 12-month low of $189.75 and a 12-month high of $242.77.

Honeywell International (NASDAQ:HON) last posted its earnings results on Thursday, February 6th. The conglomerate reported $2.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.37 by $0.10. Honeywell International had a net margin of 15.02% and a return on equity of 37.77%. As a group, research analysts predict that Honeywell International will post 9.78 EPS for the current year.

Hedge Funds Weigh In On Honeywell International

Several large investors have recently modified their holdings of the stock. Mainstream Capital Management LLC acquired a new stake in shares of Honeywell International during the fourth quarter worth $25,000. Teachers Insurance & Annuity Association of America bought a new position in Honeywell International in the third quarter worth about $25,000. Hoese & Co LLP acquired a new position in Honeywell International in the fourth quarter valued at approximately $30,000. Reston Wealth Management LLC bought a new position in shares of Honeywell International during the third quarter valued at approximately $29,000. Finally, Financial Avengers Inc. raised its position in shares of Honeywell International by 48.1% during the 3rd 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. 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.