Wells Fargo & Company Initiates Coverage on Honeywell International (NASDAQ:HON)

Stock analysts at Wells Fargo & Company initiated coverage on shares of Honeywell International (NASDAQ:HON) in a report issued on Friday, Briefing.com reports. The brokerage set an “equal weight” rating and a $231.00 price target on the conglomerate’s stock. Wells Fargo & Company‘s price objective would indicate a potential upside of 9.07% from the company’s previous close.

A number of other brokerages have also commented on HON. Citigroup increased their price objective on Honeywell International from $260.00 to $279.00 and gave the company a “buy” rating in a report on Friday, July 24th. The Goldman Sachs Group boosted their target price on Honeywell International from $258.00 to $276.00 and gave the stock a “buy” rating in a report on Wednesday, June 3rd. Barclays decreased their target price on Honeywell International from $251.00 to $239.00 and set an “overweight” rating for the company in a research report on Wednesday, June 10th. Weiss Ratings lowered shares of Honeywell International from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, August 4th. Finally, Royal Bank Of Canada reduced their price objective on shares of Honeywell International from $298.00 to $293.00 and set an “outperform” rating for the company in a research note on Tuesday, August 18th. Thirteen research analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the stock. Based on data from MarketBeat, Honeywell International presently has an average rating of “Moderate Buy” and an average price target of $251.52.

Honeywell International Price Performance

NASDAQ HON opened at $211.79 on Friday. The company has a 50 day moving average price of $223.47 and a two-hundred day moving average price of $224.46. Honeywell International has a 12-month low of $196.59 and a 12-month high of $261.24. The stock has a market capitalization of $67.12 billion, a PE ratio of 8.19, a price-to-earnings-growth ratio of 3.55 and a beta of 0.87. The company has a quick ratio of 0.93, a current ratio of 1.21 and a debt-to-equity ratio of 1.39.

Honeywell International (NASDAQ:HON) last released its quarterly earnings data on Thursday, July 23rd. The conglomerate reported $1.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.80 by $0.15. The business had revenue of $9.72 billion during the quarter, compared to analyst estimates of $5.03 billion. Honeywell International had a net margin of 23.90% and a return on equity of 34.00%. Honeywell International’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.77 EPS. Honeywell International has set its Q3 2026 guidance at 2.050-2.200 EPS and its Q4 2026 guidance at 2.280-2.430 EPS. As a group, equities analysts predict that Honeywell International will post 8.29 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO Kenneth West sold 17,032 shares of the company’s stock in a transaction that occurred on Monday, July 27th. The stock was sold at an average price of $243.77, for a total transaction of $4,151,890.64. Following the completion of the transaction, the chief executive officer directly owned 2,132 shares in the company, valued at $519,717.64. The trade was a 88.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.15% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. J. Stern & Co. LLP boosted its position in Honeywell International by 22,704.6% in the fourth quarter. J. Stern & Co. LLP now owns 53,209,042 shares of the conglomerate’s stock valued at $10,380,552,000 after buying an additional 52,975,716 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of Honeywell International during the second quarter worth approximately $732,869,000. Diamant Asset Management Inc. acquired a new stake in shares of Honeywell International during the first quarter worth approximately $496,693,000. Eurizon Capital SGR S.p.A. bought a new position in shares of Honeywell International in the fourth quarter valued at approximately $248,040,000. Finally, Nuveen LLC raised its stake in shares of Honeywell International by 21.5% in the fourth quarter. Nuveen LLC now owns 6,512,470 shares of the conglomerate’s stock valued at $1,270,518,000 after acquiring an additional 1,153,931 shares during the last quarter. Institutional investors own 75.91% of the company’s stock.

About Honeywell International

Honeywell International Inc (NASDAQ:HON) is a diversified technology and manufacturing company that develops products and software for the aerospace, building, industrial and energy markets. Its offerings include aircraft engines and auxiliary power systems, avionics, safety and control systems, building automation technologies, industrial process controls, warehouse and supply-chain automation solutions, and environmental and energy-management systems.

The company serves commercial and defense aerospace customers, building owners and operators, manufacturers, logistics providers, and energy companies worldwide.