Honeywell International (NASDAQ:HON) Given New $240.00 Price Target 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 note released on Tuesday morning,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the conglomerate’s stock.

HON has been the topic of a number of other research reports. Barclays lifted their price objective on Honeywell International from $252.00 to $260.00 and gave the stock an “overweight” rating in a research report on Thursday, December 5th. 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 report on Tuesday, December 17th. Citigroup upped their price objective on shares of Honeywell International from $244.00 to $268.00 and gave the company a “buy” rating in a report on Monday, December 9th. Hsbc Global Res raised shares of Honeywell International to a “strong-buy” rating in a research note on Wednesday, December 11th. Finally, The Goldman Sachs Group boosted their target price on shares of Honeywell International from $227.00 to $256.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Eleven research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $248.57.

Honeywell International Stock Down 0.5 %

HON stock opened at $220.63 on Tuesday. The company has a market cap 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 firm has a 50-day moving average of $225.61 and a two-hundred day moving average of $214.10. Honeywell International has a 12 month low of $189.66 and a 12 month high of $242.77. The company has a current ratio of 1.44, a quick ratio of 1.12 and a debt-to-equity ratio of 1.44.

Institutional Trading of Honeywell International

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Teachers Insurance & Annuity Association of America acquired a new position in shares of Honeywell International in the third quarter valued at approximately $25,000. Reston Wealth Management LLC purchased a new position in Honeywell International in the 3rd quarter valued at approximately $29,000. Financial Avengers Inc. grew its stake in shares of Honeywell International by 48.1% in the third quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate’s stock worth $32,000 after acquiring an additional 50 shares in the last quarter. Planning Capital Management Corp increased its position in shares of Honeywell International by 96.4% during the third quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock worth $34,000 after acquiring an additional 81 shares during the period. Finally, Western Pacific Wealth Management LP acquired a new stake in shares of Honeywell International in the third quarter valued at $41,000. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

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.