Wells Fargo & Company Issues Pessimistic Forecast for Honeywell International (NASDAQ:HON) Stock Price

Key Points

• Wells Fargo & Company has lowered its price target for Honeywell International from $230.00 to $220.00, maintaining an "equal weight" rating on the stock.
• Barclays and Deutsche Bank both increased their price targets for Honeywell International, with Barclays setting it at $265.00 and Deutsche Bank at $271.00, reflecting mixed analyst sentiments on the stock.
• Honeywell International reported earnings of $2.75 per share, exceeding analysts' expectations, with revenues showing an 8.1% increase year-over-year, while predicting earnings guidance for FY 2025 in the range of 10.450-10.650 EPS.

Honeywell International (NASDAQ:HON - Get Free Report) had its price target decreased by equities researchers at Wells Fargo & Company from $230.00 to $220.00 in a research note issued to investors on Monday,MarketScreener reports. The brokerage presently has an "equal weight" rating on the conglomerate's stock. Wells Fargo & Company's price objective would indicate a potential upside of 4.68% from the stock's previous close.

Other equities research analysts have also issued reports about the stock. Barclays raised their price objective on shares of Honeywell International from $258.00 to $265.00 and gave the stock an "overweight" rating in a report on Wednesday, July 9th. Weiss Ratings restated a "buy (b-)" rating on shares of Honeywell International in a report on Saturday, September 27th. Deutsche Bank Aktiengesellschaft increased their price objective on Honeywell International from $268.00 to $271.00 and gave the stock a "buy" rating in a report on Thursday. Royal Bank Of Canada reduced their price target on Honeywell International from $254.00 to $253.00 and set a "sector perform" rating for the company in a research report on Friday, July 25th. Finally, Morgan Stanley raised their price target on shares of Honeywell International from $225.00 to $245.00 and gave the stock an "equal weight" rating in a research note on Monday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and eight have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $254.07.

Honeywell International Stock Performance

Shares of Honeywell International stock opened at $210.17 on Monday. The stock's fifty day simple moving average is $215.63 and its 200 day simple moving average is $217.45. The company has a current ratio of 1.29, a quick ratio of 0.97 and a debt-to-equity ratio of 1.81. The company has a market capitalization of $133.44 billion, a PE ratio of 23.90, a PEG ratio of 2.34 and a beta of 1.06. Honeywell International has a 12 month low of $179.36 and a 12 month high of $242.77.

Honeywell International (NASDAQ:HON - Get Free Report) last posted its earnings results on Thursday, July 24th. The conglomerate reported $2.75 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.66 by $0.09. Honeywell International had a return on equity of 37.37% and a net margin of 14.30%.The firm had revenue of $10.35 billion during the quarter, compared to analysts' expectations of $10.01 billion. During the same period in the previous year, the firm earned $2.49 earnings per share. The company's revenue was up 8.1% on a year-over-year basis. Honeywell International has set its FY 2025 guidance at 10.450-10.650 EPS. Q3 2025 guidance at 2.500-2.600 EPS. On average, research analysts predict that Honeywell International will post 10.34 EPS for the current year.

Insider Buying and Selling

In other Honeywell International news, CEO Lucian Boldea sold 42,149 shares of the company's stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $221.58, for a total value of $9,339,375.42. Following the transaction, the chief executive officer directly owned 10,334 shares in the company, valued at $2,289,807.72. The trade was a 80.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of HON. Chung Wu Investment Group LLC bought a new position in shares of Honeywell International during the second quarter worth approximately $26,000. RMG Wealth Management LLC bought a new position in Honeywell International during the 2nd quarter worth $33,000. Howard Hughes Medical Institute acquired a new stake in shares of Honeywell International during the second quarter worth $33,000. Activest Wealth Management boosted its position in shares of Honeywell International by 425.9% in the second quarter. Activest Wealth Management now owns 142 shares of the conglomerate's stock valued at $33,000 after acquiring an additional 115 shares during the period. Finally, Pandora Wealth Inc. bought a new position in Honeywell International during the first quarter worth about $33,000. 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.

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