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

Honeywell International (NASDAQ:HON) had its price target lowered by research analysts at Wells Fargo & Company from $240.00 to $220.00 in a report released on Friday,Benzinga reports. The firm presently has an “equal weight” rating on the conglomerate’s stock. Wells Fargo & Company‘s price target would indicate a potential upside of 4.36% from the company’s current price.

A number of other analysts also recently issued reports on HON. Wolfe Research downgraded shares of Honeywell International from an “outperform” rating to a “peer perform” rating in a research report on Monday, October 28th. Hsbc Global Res raised shares of Honeywell International to a “strong-buy” rating in a research note on Wednesday, December 11th. StockNews.com cut shares of Honeywell International from a “buy” rating to a “hold” rating in a research report on Monday, December 23rd. Barclays upped their price target on shares of Honeywell International from $255.00 to $260.00 and gave the company an “overweight” rating in a report on Friday, January 17th. Finally, JPMorgan Chase & Co. decreased their price target on Honeywell International from $233.00 to $231.00 and set a “neutral” rating for the company in a research note on Wednesday, January 15th. Ten investment 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 data from MarketBeat.com, Honeywell International currently has a consensus rating of “Moderate Buy” and an average price target of $250.07.

Honeywell International Stock Performance

Shares of HON opened at $210.80 on Friday. The company has a market capitalization of $137.07 billion, a price-to-earnings ratio of 24.34, a PEG ratio of 2.57 and a beta of 1.05. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.12 and a current ratio of 1.44. Honeywell International has a 1 year low of $189.75 and a 1 year high of $242.77. The company’s 50 day simple moving average is $225.07 and its 200 day simple moving average is $215.19.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings data on Thursday, February 6th. The conglomerate reported $2.47 EPS for the quarter, beating analysts’ consensus estimates of $2.37 by $0.10. Honeywell International had a return on equity of 37.77% and a net margin of 15.02%. On average, sell-side analysts predict that Honeywell International will post 9.78 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in HON. Teachers Insurance & Annuity Association of America acquired a new position in Honeywell International in the third quarter worth approximately $25,000. Mainstream Capital Management LLC acquired a new stake in Honeywell International during the 4th quarter worth about $25,000. Reston Wealth Management LLC purchased a new stake in Honeywell International during the third quarter valued at about $29,000. Hoese & Co LLP acquired a new position in shares of Honeywell International in the fourth quarter worth about $30,000. Finally, Financial Avengers Inc. raised its holdings in shares of Honeywell International by 48.1% during the third quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate’s stock valued at $32,000 after acquiring an additional 50 shares during the period. 75.91% of the stock is currently owned by institutional investors.

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.