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

Key Points

• Wells Fargo has raised its price target for Honeywell International from $220.00 to $230.00, indicating a potential upside of 4.71% from its previous close.
• Other analysts have provided mixed signals, with Morgan Stanley increasing its target to $245.00 and Barclays raising it to $265.00, while others have lowered their targets.
• Honeywell's latest earnings report showed a revenue of $8.95 billion with earnings per share at $2.25, and the company provided Q4 guidance between 2.530-2.630 EPS.

Honeywell International (NASDAQ:HON - Get Free Report) had its target price hoisted by stock analysts at Wells Fargo & Company from $220.00 to $230.00 in a note issued to investors on Friday,MarketScreener reports. Wells Fargo & Company's target price points to a potential upside of 4.71% from the company's previous close.

Other equities analysts also recently issued reports about the company. Morgan Stanley increased their target price on Honeywell International from $225.00 to $245.00 and gave the stock an "equal weight" rating in a research note on Monday, July 28th. Jefferies Financial Group cut their price target on shares of Honeywell International from $240.00 to $230.00 and set a "hold" rating for the company in a report on Tuesday, October 7th. JPMorgan Chase & Co. increased their target price on shares of Honeywell International from $212.00 to $218.00 and gave the company a "neutral" rating in a report on Friday. Barclays increased their target price on shares of Honeywell International from $258.00 to $265.00 and gave the company an "overweight" rating in a report on Wednesday, July 9th. Finally, Royal Bank Of Canada dropped their price objective on shares of Honeywell International from $254.00 to $253.00 and set a "sector perform" rating for the company in a research note on Friday, July 25th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and eight have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Honeywell International has a consensus rating of "Moderate Buy" and a consensus price target of $251.27.

Honeywell International Stock Down 0.5%

Shares of NASDAQ:HON opened at $219.65 on Friday. Honeywell International has a twelve month low of $179.36 and a twelve month high of $242.77. The company has a market capitalization of $139.46 billion, a PE ratio of 24.94, a P/E/G ratio of 2.56 and a beta of 1.06. 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 firm has a 50 day simple moving average of $212.05 and a 200-day simple moving average of $217.19.

Honeywell International (NASDAQ:HON - Get Free Report) last posted its earnings results on Monday, December 11th. The conglomerate reported $2.25 earnings per share for the quarter. Honeywell International had a return on equity of 37.37% and a net margin of 14.30%.The business had revenue of $8.95 billion during the quarter. Honeywell International has set its Q4 2023 guidance at 2.530-2.630 EPS. FY 2023 guidance at 9.100-9.200 EPS. On average, equities analysts predict that Honeywell International will post 10.34 EPS for the current fiscal year.

Insider Transactions at Honeywell International

In other news, CEO Lucian Boldea sold 42,149 shares of the business's stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $221.58, for a total transaction of $9,339,375.42. Following the completion of the sale, the chief executive officer owned 10,334 shares in the company, valued at approximately $2,289,807.72. The trade was a 80.31% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.20% of the company's stock.

Institutional Trading of Honeywell International

A number of institutional investors have recently added to or reduced their stakes in HON. BankPlus Wealth Management LLC boosted its stake in shares of Honeywell International by 2.2% during the 2nd quarter. BankPlus Wealth Management LLC now owns 1,986 shares of the conglomerate's stock valued at $463,000 after buying an additional 43 shares during the last quarter. Summit Wealth Group LLC lifted its holdings in Honeywell International by 4.3% during the 2nd quarter. Summit Wealth Group LLC now owns 1,115 shares of the conglomerate's stock worth $260,000 after buying an additional 46 shares during the last quarter. Maia Wealth LLC raised its holdings in shares of Honeywell International by 4.1% during the first quarter. Maia Wealth LLC now owns 1,189 shares of the conglomerate's stock valued at $238,000 after buying an additional 47 shares during the last quarter. Capital Advisors Ltd. LLC raised its stake in Honeywell International by 1.8% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 2,696 shares of the conglomerate's stock valued at $628,000 after acquiring an additional 47 shares in the last quarter. Finally, Bar Harbor Wealth Management raised its stake in shares of Honeywell International by 0.3% during the second quarter. Bar Harbor Wealth Management now owns 15,192 shares of the conglomerate's stock valued at $3,538,000 after purchasing an additional 47 shares in the last quarter. 75.91% of the stock is 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.

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