Honeywell International (NASDAQ:HON) Price Target Raised to $254.00

Honeywell International (NASDAQ:HON) had its target price increased by Wells Fargo & Company from $215.00 to $254.00 in a research report released on Wednesday,Benzinga reports. The firm currently has an equal weight rating on the conglomerate’s stock.

A number of other equities research analysts have also recently commented on the company. JPMorgan Chase & Co. decreased their price target on Honeywell International from $235.00 to $233.00 and set a “neutral” rating for the company in a research note on Friday, October 25th. Bank of America reiterated a “neutral” rating and issued a $230.00 price target (down from $250.00) on shares of Honeywell International in a research note on Thursday, October 24th. Baird R W cut Honeywell International from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 25th. Royal Bank of Canada increased their price target on Honeywell International from $213.00 to $253.00 and gave the company a “sector perform” rating in a research note on Wednesday. Finally, Morgan Stanley assumed coverage on Honeywell International in a research note on Friday, September 6th. They issued an “equal weight” rating and a $210.00 price target for the company. Nine analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $241.45.

Honeywell International Trading Down 0.2 %

Shares of NASDAQ HON opened at $228.99 on Wednesday. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.44 and a quick ratio of 1.12. The stock has a market capitalization of $148.90 billion, a P/E ratio of 26.44, a price-to-earnings-growth ratio of 2.77 and a beta of 1.03. Honeywell International has a 1-year low of $189.66 and a 1-year high of $242.77. The business has a fifty day moving average price of $211.39 and a 200 day moving average price of $207.74.

Honeywell International Increases Dividend

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

Institutional Trading of Honeywell International

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Geode Capital Management LLC grew its holdings in Honeywell International by 4.0% during the third quarter. Geode Capital Management LLC now owns 14,360,730 shares of the conglomerate’s stock worth $2,959,535,000 after acquiring an additional 547,998 shares during the period. M&T Bank Corp grew its holdings in Honeywell International by 1.1% during the third quarter. M&T Bank Corp now owns 298,210 shares of the conglomerate’s stock worth $61,643,000 after acquiring an additional 3,143 shares during the period. Executive Wealth Management LLC acquired a new stake in Honeywell International during the third quarter worth about $234,000. Continuum Advisory LLC grew its holdings in Honeywell International by 402.0% during the third quarter. Continuum Advisory LLC now owns 502 shares of the conglomerate’s stock worth $104,000 after acquiring an additional 402 shares during the period. Finally, LRI Investments LLC grew its holdings in Honeywell International by 22.4% during the third quarter. LRI Investments LLC now owns 8,644 shares of the conglomerate’s stock worth $1,787,000 after acquiring an additional 1,584 shares during the period. 75.91% of the stock is owned by institutional investors and hedge funds.

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.