Honeywell International (NASDAQ:HON) Price Target Raised to $254.00 at Wells Fargo & Company

Honeywell International (NASDAQ:HON) had its target price increased by Wells Fargo & Company from $215.00 to $254.00 in a report issued on Wednesday,Benzinga reports. The firm currently has an “equal weight” rating on the conglomerate’s stock. Wells Fargo & Company‘s target price indicates a potential upside of 8.90% from the stock’s current price.

HON has been the subject of a number of other reports. Wolfe Research downgraded Honeywell International from an “outperform” rating to a “peer perform” rating in a report on Monday, October 28th. Barclays lifted their price objective on shares of Honeywell International from $229.00 to $252.00 and gave the company an “overweight” rating in a report on Wednesday. Morgan Stanley initiated coverage on shares of Honeywell International in a report on Friday, September 6th. They set an “equal weight” rating and a $210.00 target price for the company. Robert W. Baird cut shares of Honeywell International from an “outperform” rating to a “neutral” rating and cut their price target for the stock from $223.00 to $217.00 in a research report on Friday, October 25th. Finally, Baird R W cut Honeywell International from a “strong-buy” rating to a “hold” rating in a report on Friday, October 25th. Ten equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $233.00.

Honeywell International Stock Down 0.3 %

Shares of HON stock traded down $0.66 during trading hours on Wednesday, hitting $233.25. 2,143,792 shares of the company were exchanged, compared to its average volume of 3,081,557. The company has a market capitalization of $151.67 billion, a PE ratio of 26.97, a PEG ratio of 2.68 and a beta of 1.03. Honeywell International has a 52 week low of $188.65 and a 52 week high of $242.77. The business has a 50 day moving average of $209.67 and a two-hundred day moving average of $207.16. 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 Inflows and Outflows

Large investors have recently bought and sold shares of the stock. EP Wealth Advisors LLC boosted its position in shares of Honeywell International by 4.4% in the second quarter. EP Wealth Advisors LLC now owns 337,380 shares of the conglomerate’s stock valued at $72,044,000 after acquiring an additional 14,271 shares during the period. SteelPeak Wealth LLC grew its position in shares of Honeywell International by 255.2% during the 3rd quarter. SteelPeak Wealth LLC now owns 73,529 shares of the conglomerate’s stock worth $15,199,000 after purchasing an additional 52,830 shares in the last quarter. Los Angeles Capital Management LLC increased its holdings in shares of Honeywell International by 24.5% during the third quarter. Los Angeles Capital Management LLC now owns 29,213 shares of the conglomerate’s stock worth $6,039,000 after purchasing an additional 5,750 shares during the period. Asset Management One Co. Ltd. raised its position in shares of Honeywell International by 2.6% in the third quarter. Asset Management One Co. Ltd. now owns 346,469 shares of the conglomerate’s stock valued at $71,619,000 after buying an additional 8,687 shares in the last quarter. Finally, Catalyst Capital Advisors LLC boosted its stake in shares of Honeywell International by 413.2% in the third quarter. Catalyst Capital Advisors LLC now owns 3,228 shares of the conglomerate’s stock valued at $667,000 after buying an additional 2,599 shares during the period. 75.91% of the stock is owned by 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.