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

Honeywell International (NASDAQ:HON) had its price objective lowered by equities research analysts at Wells Fargo & Company from $220.00 to $215.00 in a research report issued on Friday, Benzinga reports. The brokerage currently has an “equal weight” rating on the conglomerate’s stock. Wells Fargo & Company‘s price target would indicate a potential upside of 6.20% from the stock’s previous close.

Several other research analysts also recently commented on HON. StockNews.com raised Honeywell International from a “hold” rating to a “buy” rating in a research note on Wednesday, May 15th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $215.00 price target (down previously from $227.00) on shares of Honeywell International in a research note on Tuesday, April 16th. UBS Group upgraded Honeywell International from a “sell” rating to a “neutral” rating and increased their target price for the company from $175.00 to $215.00 in a research report on Monday, June 10th. Royal Bank of Canada dropped their price target on Honeywell International from $222.00 to $218.00 and set a “sector perform” rating for the company in a research report on Tuesday, June 4th. Finally, Citigroup lifted their price objective on shares of Honeywell International from $243.00 to $244.00 and gave the stock a “buy” rating in a research note on Tuesday, June 4th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $225.00.

Honeywell International Stock Performance

Shares of NASDAQ HON opened at $202.45 on Friday. The company has a quick ratio of 1.28, a current ratio of 1.66 and a debt-to-equity ratio of 1.30. The firm’s 50-day moving average price is $210.02 and its 200-day moving average price is $202.53. Honeywell International has a 52-week low of $174.88 and a 52-week high of $220.79. The company has a market cap of $131.83 billion, a PE ratio of 23.46, a PEG ratio of 2.21 and a beta of 1.04.

Honeywell International (NASDAQ:HON) last posted its earnings results on Thursday, July 25th. The conglomerate reported $2.49 earnings per share for the quarter, beating analysts’ consensus estimates of $2.42 by $0.07. The company had revenue of $9.58 billion for the quarter, compared to the consensus estimate of $9.41 billion. Honeywell International had a return on equity of 35.88% and a net margin of 15.52%. Honeywell International’s revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.23 earnings per share. As a group, analysts anticipate that Honeywell International will post 10.27 EPS for the current year.

Insider Transactions at Honeywell International

In related news, Director Darius Adamczyk sold 28,500 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $203.96, for a total value of $5,812,860.00. Following the transaction, the director now directly owns 203,510 shares of the company’s stock, valued at approximately $41,507,899.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Honeywell International news, CFO Gregory P. Lewis sold 25,209 shares of the business’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $193.06, for a total value of $4,866,849.54. Following the transaction, the chief financial officer now directly owns 55,471 shares in the company, valued at approximately $10,709,231.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Darius Adamczyk sold 28,500 shares of the stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $203.96, for a total value of $5,812,860.00. Following the completion of the transaction, the director now owns 203,510 shares of the company’s stock, valued at $41,507,899.60. The disclosure for this sale can be found here. Corporate insiders own 0.41% of the company’s stock.

Institutional Trading of Honeywell International

Several institutional investors and hedge funds have recently bought and sold shares of the stock. LGT Group Foundation acquired a new position in Honeywell International in the 1st quarter valued at about $26,000. Altshuler Shaham Ltd purchased a new position in shares of Honeywell International during the fourth quarter worth approximately $27,000. Scarborough Advisors LLC acquired a new position in Honeywell International in the 4th quarter valued at about $27,000. Cordant Inc. acquired a new position in Honeywell International in the 4th quarter valued at $31,000. Finally, Rakuten Securities Inc. purchased a new position in shares of Honeywell International during the 4th quarter worth approximately $31,000. 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.