Honeywell International (NASDAQ:HON) Price Target Cut to $240.00 by Analysts at Wells Fargo & Company

Honeywell International (NASDAQ:HON) had its price objective cut by analysts at Wells Fargo & Company from $254.00 to $240.00 in a note issued to investors on Tuesday,Benzinga reports. The firm presently has an “equal weight” rating on the conglomerate’s stock. Wells Fargo & Company‘s price objective would indicate a potential upside of 9.01% from the stock’s previous close.

HON has been the topic of a number of other research reports. Citigroup raised their price objective on Honeywell International from $244.00 to $268.00 and gave the company a “buy” rating in a research report on Monday, December 9th. The Goldman Sachs Group lifted their price objective on shares of Honeywell International from $227.00 to $256.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Robert W. Baird cut shares of Honeywell International from an “outperform” rating to a “neutral” rating and decreased their target price for the company from $223.00 to $217.00 in a research report on Friday, October 25th. Wolfe Research lowered shares of Honeywell International from an “outperform” rating to a “peer perform” rating in a report on Monday, October 28th. Finally, HSBC raised Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 price target on the stock in a research report on Wednesday, December 11th. Eleven research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $248.21.

Honeywell International Stock Down 0.2 %

Honeywell International stock opened at $220.17 on Tuesday. The company has a quick ratio of 1.12, a current ratio of 1.44 and a debt-to-equity ratio of 1.44. The firm has a market cap of $143.16 billion, a P/E ratio of 25.42, a P/E/G ratio of 2.85 and a beta of 1.06. The business has a fifty day moving average of $225.93 and a two-hundred day moving average of $214.14. Honeywell International has a twelve month low of $189.66 and a twelve month high of $242.77.

Hedge Funds Weigh In On Honeywell International

A number of institutional investors have recently bought and sold shares of the business. Los Angeles Capital Management LLC raised its stake in shares of Honeywell International by 13.9% during the 2nd quarter. Los Angeles Capital Management LLC now owns 23,463 shares of the conglomerate’s stock valued at $5,010,000 after buying an additional 2,869 shares during the last quarter. Strategic Financial Concepts LLC acquired a new position in Honeywell International in the second quarter valued at approximately $330,000. Acadian Asset Management LLC boosted its position in Honeywell International by 36.7% in the 2nd quarter. Acadian Asset Management LLC now owns 5,870 shares of the conglomerate’s stock worth $1,252,000 after purchasing an additional 1,575 shares in the last quarter. Choreo LLC grew its stake in shares of Honeywell International by 255.3% during the 2nd quarter. Choreo LLC now owns 28,989 shares of the conglomerate’s stock worth $6,124,000 after purchasing an additional 20,830 shares during the period. Finally, LGT Fund Management Co Ltd. purchased a new position in shares of Honeywell International during the 2nd quarter valued at approximately $562,000. 75.91% of the stock is owned by hedge funds and other 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.