Honeywell International (NASDAQ:HON) Stock Rated Equal Weight in New Coverage at Wells Fargo & Company

Investment analysts at Wells Fargo & Company began coverage on shares of Honeywell International (NASDAQ:HON) in a research report issued to clients and investors on Friday, Briefing.com reports. The firm set an “equal weight” rating and a $231.00 price target on the conglomerate’s stock. Wells Fargo & Company‘s price objective would indicate a potential upside of 9.07% from the company’s current price.

HON has been the topic of a number of other reports. JPMorgan Chase & Co. decreased their price objective on Honeywell International from $262.00 to $255.00 and set an “overweight” rating on the stock in a research report on Friday, August 14th. Zacks Research upgraded Honeywell International from a “strong sell” rating to a “hold” rating in a research report on Friday, September 4th. Daiwa Securities Group upgraded shares of Honeywell International from a “neutral” rating to an “outperform” rating and set a $255.00 target price on the stock in a research report on Tuesday, June 30th. Wolfe Research raised shares of Honeywell International to a “hold” rating in a research note on Monday, June 29th. Finally, Bank of America upgraded shares of Honeywell International from an “underperform” rating to a “neutral” rating and lifted their price target for the stock from $205.00 to $265.00 in a research report on Tuesday, July 28th. Thirteen investment analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company. According to data from MarketBeat.com, Honeywell International currently has a consensus rating of “Moderate Buy” and an average target price of $251.52.

Honeywell International Trading Down 0.4%

Shares of NASDAQ HON opened at $211.79 on Friday. Honeywell International has a 1-year low of $196.59 and a 1-year high of $261.24. The company has a market cap of $67.12 billion, a PE ratio of 8.19, a P/E/G ratio of 3.55 and a beta of 0.87. The company has a current ratio of 1.21, a quick ratio of 0.93 and a debt-to-equity ratio of 1.39. The company has a 50-day moving average of $223.47 and a two-hundred day moving average of $224.46.

Honeywell International (NASDAQ:HON) last released its quarterly earnings results on Thursday, July 23rd. The conglomerate reported $1.95 EPS for the quarter, beating the consensus estimate of $1.80 by $0.15. The business had revenue of $9.72 billion for the quarter, compared to analysts’ expectations of $5.03 billion. Honeywell International had a net margin of 23.90% and a return on equity of 34.00%. Honeywell International’s revenue was up 3.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.77 earnings per share. Honeywell International has set its Q3 2026 guidance at 2.050-2.200 EPS and its Q4 2026 guidance at 2.280-2.430 EPS. As a group, equities analysts expect that Honeywell International will post 8.29 earnings per share for the current fiscal year.

Insider Transactions at Honeywell International

In other news, CEO Kenneth West sold 17,032 shares of the business’s stock in a transaction dated Monday, July 27th. The stock was sold at an average price of $243.77, for a total transaction of $4,151,890.64. Following the completion of the transaction, the chief executive officer directly owned 2,132 shares in the company, valued at approximately $519,717.64. The trade was a 88.87% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.15% of the company’s stock.

Institutional Trading of Honeywell International

A number of hedge funds have recently modified their holdings of HON. Hilton Head Capital Partners LLC acquired a new stake in Honeywell International in the fourth quarter worth $28,000. Scarborough Advisors LLC acquired a new position in shares of Honeywell International in the 1st quarter valued at $34,000. Evolution Wealth Management Inc. lifted its holdings in Honeywell International by 7,550.0% during the first quarter. Evolution Wealth Management Inc. now owns 153 shares of the conglomerate’s stock worth $35,000 after acquiring an additional 151 shares in the last quarter. Titan Wealth CI Ltd bought a new position in Honeywell International during the fourth quarter worth about $31,000. Finally, Motiv8 Investments LLC acquired a new position in Honeywell International in the fourth quarter valued at about $32,000. 75.91% of the stock is currently owned by institutional investors and hedge funds.

About Honeywell International

Honeywell International Inc (NASDAQ:HON) is a diversified technology and manufacturing company that develops products and software for the aerospace, building, industrial and energy markets. Its offerings include aircraft engines and auxiliary power systems, avionics, safety and control systems, building automation technologies, industrial process controls, warehouse and supply-chain automation solutions, and environmental and energy-management systems.

The company serves commercial and defense aerospace customers, building owners and operators, manufacturers, logistics providers, and energy companies worldwide.