Honeywell International (NASDAQ:HON) Price Target Lowered to $240.00 at Wells Fargo & Company

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

Other research analysts have also issued research reports about the stock. Robert W. Baird lowered shares of Honeywell International from an “outperform” rating to a “neutral” rating and cut their price target for the company from $223.00 to $217.00 in a research note on Friday, October 25th. Hsbc Global Res upgraded Honeywell International to a “strong-buy” rating in a research note on Wednesday, December 11th. Jefferies Financial Group lifted their price target on Honeywell International from $220.00 to $260.00 and gave the stock a “hold” rating in a research report on Tuesday, December 17th. Barclays increased their price objective on Honeywell International from $252.00 to $260.00 and gave the company an “overweight” rating in a report on Thursday, December 5th. Finally, HSBC raised Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 target price for the company in a report on Wednesday, December 11th. Eleven 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 stock. According to MarketBeat, Honeywell International currently has a consensus rating of “Hold” and an average price target of $248.57.

Honeywell International Price Performance

Shares of HON stock opened at $220.63 on Tuesday. Honeywell International has a fifty-two week low of $189.66 and a fifty-two week high of $242.77. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.12 and a current ratio of 1.44. The firm has a market capitalization of $143.46 billion, a price-to-earnings ratio of 25.48, a PEG ratio of 2.85 and a beta of 1.06. The stock’s 50-day simple moving average is $225.61 and its 200-day simple moving average is $214.10.

Institutional Investors Weigh In On Honeywell International

A number of institutional investors have recently added to or reduced their stakes in the stock. Teachers Insurance & Annuity Association of America acquired a new stake in shares of Honeywell International in the third quarter valued at about $25,000. Reston Wealth Management LLC purchased a new position in Honeywell International in the 3rd quarter valued at about $29,000. Financial Avengers Inc. boosted its holdings in Honeywell International by 48.1% in the 3rd quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate’s stock worth $32,000 after buying an additional 50 shares during the last quarter. Planning Capital Management Corp increased its stake in Honeywell International by 96.4% during the 3rd quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock worth $34,000 after buying an additional 81 shares in the last quarter. Finally, Western Pacific Wealth Management LP acquired a new position in shares of Honeywell International during the third quarter valued at approximately $41,000. Institutional investors and hedge funds 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.