Honeywell International (NASDAQ:HON) Price Target Raised to $240.00

Honeywell International (NASDAQ:HON) had its price objective hoisted by Bank of America from $220.00 to $240.00 in a report released on Thursday morning,Benzinga reports. The firm currently has a neutral rating on the conglomerate’s stock.

Other analysts have also recently issued research reports about the company. StockNews.com upgraded Honeywell International from a “hold” rating to a “buy” rating in a report on Sunday, November 3rd. JPMorgan Chase & Co. dropped their price objective on shares of Honeywell International from $235.00 to $233.00 and set a “neutral” rating for the company in a research report on Friday, October 25th. Royal Bank of Canada lifted their target price on shares of Honeywell International from $213.00 to $253.00 and gave the company a “sector perform” rating in a report on Wednesday. Wolfe Research cut shares of Honeywell International from an “outperform” rating to a “peer perform” rating in a research report on Monday, October 28th. Finally, Barclays raised their price objective on Honeywell International from $229.00 to $252.00 and gave the company an “overweight” rating in a research report on Wednesday. Nine investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, Honeywell International currently has an average rating of “Hold” and an average target price of $241.45.

Honeywell International Price Performance

Shares of Honeywell International stock opened at $228.99 on Thursday. The stock has a market capitalization of $148.90 billion, a P/E ratio of 26.44, a PEG ratio of 2.77 and a beta of 1.03. The company has a current ratio of 1.44, a quick ratio of 1.12 and a debt-to-equity ratio of 1.44. The business’s fifty day moving average price is $211.39 and its 200 day moving average price is $207.85. Honeywell International has a twelve month low of $189.66 and a twelve month high of $242.77.

Honeywell International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be issued a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date is Friday, November 15th. This is an increase from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s payout ratio is currently 52.19%.

Institutional Trading of Honeywell International

Institutional investors and hedge funds have recently modified their holdings of the business. Teachers Insurance & Annuity Association of America bought a new stake in shares of Honeywell International in the 3rd quarter worth approximately $25,000. LGT Group Foundation bought a new stake in Honeywell International in the first quarter valued at $26,000. Reston Wealth Management LLC acquired a new position in shares of Honeywell International during the third quarter valued at $29,000. Planning Capital Management Corp grew its position in shares of Honeywell International by 96.4% during the third quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock worth $34,000 after acquiring an additional 81 shares during the last quarter. Finally, Financial Connections Group Inc. acquired a new stake in shares of Honeywell International in the 2nd quarter worth about $38,000. 75.91% of the stock is owned by institutional investors and hedge funds.

About Honeywell International

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.