Honeywell International Inc. (NASDAQ:HON) Given Average Rating of “Hold” by Brokerages

Honeywell International Inc. (NASDAQ:HON) has received a consensus rating of “Hold” from the seventeen ratings firms that are covering the firm, MarketBeat reports. Ten equities research analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $249.57.

Several brokerages have issued reports on HON. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $253.00 price target on shares of Honeywell International in a report on Tuesday, December 3rd. StockNews.com lowered Honeywell International from a “buy” rating to a “hold” rating in a research note on Monday. HSBC raised Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 price target for the company in a report on Wednesday, December 11th. Robert W. Baird lowered Honeywell International from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from $223.00 to $217.00 in a research note on Friday, October 25th. Finally, Wells Fargo & Company boosted their target price on shares of Honeywell International from $215.00 to $254.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 13th.

Institutional Trading of Honeywell International

Institutional investors and hedge funds have recently bought and sold shares of the company. Teachers Insurance & Annuity Association of America bought a new stake in shares of Honeywell International in the 3rd quarter valued at approximately $25,000. Reston Wealth Management LLC bought a new stake in Honeywell International during the third quarter valued at $29,000. Financial Avengers Inc. raised its holdings in shares of Honeywell International by 48.1% during the third quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate’s stock worth $32,000 after purchasing an additional 50 shares during the period. Planning Capital Management Corp lifted its position in shares of Honeywell International by 96.4% in the 3rd quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock worth $34,000 after buying an additional 81 shares during the last quarter. Finally, Financial Connections Group Inc. acquired a new position in shares of Honeywell International in the 2nd quarter valued at about $38,000. Institutional investors and hedge funds own 75.91% of the company’s stock.

Honeywell International Stock Performance

Shares of HON stock opened at $228.90 on Friday. The stock has a fifty day moving average price of $223.20 and a 200 day moving average price of $212.90. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.12 and a current ratio of 1.44. The stock has a market cap of $148.84 billion, a PE ratio of 26.43, a P/E/G ratio of 2.85 and a beta of 1.05. Honeywell International has a 1 year low of $189.66 and a 1 year high of $242.77.

Honeywell International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, November 15th were given a dividend of $1.13 per share. This is a boost from Honeywell International’s previous quarterly dividend of $1.08. The ex-dividend date was Friday, November 15th. This represents a $4.52 annualized dividend and a dividend yield of 1.97%. Honeywell International’s dividend payout ratio (DPR) is presently 52.19%.

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.