Wells Fargo & Company Cuts Honeywell International (NASDAQ:HON) Price Target to $215.00

Honeywell International (NASDAQ:HON) had its price target lowered by Wells Fargo & Company from $218.00 to $215.00 in a research report report published on Wednesday,Benzinga reports. The firm currently has an equal weight rating on the conglomerate’s stock.

HON has been the topic of a number of other reports. Robert W. Baird cut their price objective on Honeywell International from $250.00 to $220.00 and set a “neutral” rating on the stock in a research report on Monday, October 13th. Vertical Research cut shares of Honeywell International from a “buy” rating to a “hold” rating and set a $220.00 price target on the stock. in a report on Monday, January 5th. Morgan Stanley reduced their price objective on shares of Honeywell International from $245.00 to $235.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 28th. Jefferies Financial Group dropped their target price on shares of Honeywell International from $230.00 to $220.00 in a research report on Monday, November 3rd. Finally, Wall Street Zen raised shares of Honeywell International to a “hold” rating in a research note on Saturday, January 3rd. Nine investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Honeywell International currently has a consensus rating of “Hold” and a consensus target price of $234.15.

Honeywell International Stock Performance

Shares of HON stock opened at $207.38 on Wednesday. The company has a debt-to-equity ratio of 1.70, a quick ratio of 1.04 and a current ratio of 1.36. Honeywell International has a fifty-two week low of $169.21 and a fifty-two week high of $228.04. The company has a market capitalization of $131.66 billion, a P/E ratio of 21.85, a PEG ratio of 2.75 and a beta of 0.95. The stock has a 50 day moving average price of $195.62 and a two-hundred day moving average price of $210.74.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings results on Monday, December 11th. The conglomerate reported $2.25 EPS for the quarter. The company had revenue of $8.95 billion during the quarter. Honeywell International had a net margin of 15.07% and a return on equity of 38.11%. Honeywell International has set its FY 2025 guidance at 10.600-10.700 EPS and its Q4 2025 guidance at 2.520-2.620 EPS. Analysts expect that Honeywell International will post 10.34 earnings per share for the current year.

Institutional Trading of Honeywell International

A number of hedge funds have recently made changes to their positions in HON. Capital Asset Advisory Services LLC raised its stake in Honeywell International by 7.4% during the fourth quarter. Capital Asset Advisory Services LLC now owns 16,784 shares of the conglomerate’s stock valued at $3,440,000 after buying an additional 1,157 shares during the last quarter. Appleton Partners Inc. MA increased its holdings in shares of Honeywell International by 642.7% during the fourth quarter. Appleton Partners Inc. MA now owns 15,321 shares of the conglomerate’s stock valued at $2,989,000 after acquiring an additional 13,258 shares in the last quarter. Murphy Middleton Hinkle & Parker Inc. increased its holdings in shares of Honeywell International by 64.9% during the fourth quarter. Murphy Middleton Hinkle & Parker Inc. now owns 11,539 shares of the conglomerate’s stock valued at $2,251,000 after acquiring an additional 4,541 shares in the last quarter. SG Americas Securities LLC raised its position in shares of Honeywell International by 15,459.1% in the 4th quarter. SG Americas Securities LLC now owns 4,057,960 shares of the conglomerate’s stock worth $791,667,000 after purchasing an additional 4,031,879 shares during the last quarter. Finally, Park Place Capital Corp boosted its stake in Honeywell International by 5.5% in the 4th quarter. Park Place Capital Corp now owns 5,681 shares of the conglomerate’s stock worth $1,108,000 after purchasing an additional 298 shares in the last quarter. 75.91% of the stock is owned by institutional investors.

Honeywell International Company Profile

Honeywell International Inc is a diversified, publicly traded multinational conglomerate (NASDAQ: HON) that designs and manufactures a wide range of commercial and consumer products, engineering services and aerospace systems. The company operates through major business platforms that historically include Aerospace; Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. Its portfolio spans avionics and propulsion systems, building controls and HVAC equipment, process technologies and advanced materials, industrial automation software, and personal protective equipment and scanning solutions.

Honeywell’s aerospace business supplies aircraft manufacturers and operators with engines and auxiliary power units, avionics, flight safety systems and aftermarket services.