Honeywell International (NASDAQ:HON) Price Target Increased to $215.00 by Analysts at Wells Fargo & Company

Honeywell International (NASDAQ:HON) had its price objective hoisted by equities research analysts at Wells Fargo & Company from $207.00 to $215.00 in a research note issued on Friday, Benzinga reports. The brokerage currently has an “equal weight” rating on the conglomerate’s stock. Wells Fargo & Company‘s price target would suggest a potential upside of 3.37% from the stock’s current price.

A number of other equities analysts have also commented on the company. StockNews.com lowered Honeywell International from a “buy” rating to a “hold” rating in a research note on Friday, August 30th. Royal Bank of Canada reissued a “sector perform” rating and issued a $214.00 target price on shares of Honeywell International in a report on Thursday, September 26th. Robert W. Baird downgraded shares of Honeywell International from an “outperform” rating to a “neutral” rating and decreased their price target for the company from $223.00 to $217.00 in a research note on Friday. JPMorgan Chase & Co. cut shares of Honeywell International from an “overweight” rating to a “neutral” rating and lifted their price objective for the stock from $225.00 to $235.00 in a research note on Thursday, October 10th. Finally, Morgan Stanley started coverage on shares of Honeywell International in a research report on Friday, September 6th. They set an “equal weight” rating and a $210.00 target price on the stock. Ten research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $223.73.

Honeywell International Trading Down 0.5 %

Honeywell International stock opened at $208.00 on Friday. Honeywell International has a 1 year low of $174.88 and a 1 year high of $222.98. The firm’s 50 day moving average price is $207.39 and its 200-day moving average price is $205.44. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.21 and a quick ratio of 0.91. The stock has a market cap of $135.45 billion, a P/E ratio of 24.10, a PEG ratio of 2.45 and a beta of 1.03.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings results on Thursday, October 24th. The conglomerate reported $2.58 earnings per share (EPS) for the quarter, beating 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 company had revenue of $9.73 billion for the quarter, compared to the consensus estimate of $9.90 billion. On average, equities analysts predict that Honeywell International will post 10.1 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Honeywell International

A number of large investors have recently bought and sold shares of HON. Cornerstone Wealth Group LLC increased its stake in Honeywell International by 2.8% in the third quarter. Cornerstone Wealth Group LLC now owns 23,495 shares of the conglomerate’s stock worth $4,857,000 after purchasing an additional 644 shares during the period. Oak Harvest Investment Services grew its holdings in shares of Honeywell International by 29.5% in the third quarter. Oak Harvest Investment Services now owns 45,198 shares of the conglomerate’s stock worth $9,343,000 after purchasing an additional 10,300 shares during the last quarter. JFS Wealth Advisors LLC increased its stake in Honeywell International by 40.6% in the 3rd quarter. JFS Wealth Advisors LLC now owns 9,533 shares of the conglomerate’s stock worth $1,971,000 after buying an additional 2,753 shares during the period. SteelPeak Wealth LLC lifted its holdings in Honeywell International by 255.2% during the 3rd quarter. SteelPeak Wealth LLC now owns 73,529 shares of the conglomerate’s stock valued at $15,199,000 after buying an additional 52,830 shares in the last quarter. Finally, Diversify Wealth Management LLC boosted its position in Honeywell International by 1.6% in the 3rd quarter. Diversify Wealth Management LLC now owns 11,817 shares of the conglomerate’s stock valued at $2,604,000 after buying an additional 187 shares during the period. Hedge funds and other institutional investors own 75.91% of the company’s stock.

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.