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

Honeywell International (NASDAQ:HON) had its price target cut by equities researchers at Wells Fargo & Company from $218.00 to $215.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has an “equal weight” rating on the conglomerate’s stock. Wells Fargo & Company‘s target price points to a potential upside of 4.76% from the stock’s current price.

Other equities analysts have also recently issued research reports about the stock. Mizuho lowered their price objective on shares of Honeywell International from $250.00 to $240.00 and set an “outperform” rating for the company in a research report on Monday. Jefferies Financial Group decreased their price target on Honeywell International from $230.00 to $220.00 in a research note on Monday, November 3rd. The Goldman Sachs Group dropped their price objective on Honeywell International from $245.00 to $236.00 and set a “buy” rating for the company in a research note on Tuesday, December 16th. Morgan Stanley cut their price objective on Honeywell International from $245.00 to $235.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 28th. Finally, DZ Bank lowered their target price on Honeywell International from $248.00 to $237.00 in a report on Tuesday, December 23rd. Nine analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $234.15.

Honeywell International Stock Performance

NASDAQ HON opened at $205.24 on Wednesday. The stock has a fifty day simple moving average of $195.50 and a 200-day simple moving average of $210.86. The company has a current ratio of 1.36, a quick ratio of 1.04 and a debt-to-equity ratio of 1.70. The stock has a market cap of $130.30 billion, a PE ratio of 21.63, a P/E/G ratio of 2.67 and a beta of 0.95. Honeywell International has a twelve month low of $169.21 and a twelve month high of $228.04.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings data on Monday, December 11th. The conglomerate reported $2.25 earnings per share (EPS) for the quarter. The firm had revenue of $8.95 billion for 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. Equities analysts anticipate that Honeywell International will post 10.34 earnings per share for the current year.

Institutional Investors Weigh In On Honeywell International

A number of large investors have recently modified their holdings of HON. Holos Integrated Wealth LLC purchased a new position in Honeywell International in the fourth quarter valued at $25,000. Chung Wu Investment Group LLC acquired a new position in shares of Honeywell International during the 2nd quarter worth about $26,000. Barnes Dennig Private Wealth Management LLC increased its holdings in shares of Honeywell International by 491.7% in the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 142 shares of the conglomerate’s stock valued at $30,000 after acquiring an additional 118 shares during the last quarter. JPL Wealth Management LLC acquired a new stake in shares of Honeywell International during the 3rd quarter worth about $31,000. Finally, RMG Wealth Management LLC purchased a new stake in Honeywell International during the second quarter worth approximately $33,000. 75.91% of the stock is owned by hedge funds and other institutional investors.

About Honeywell International

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.