Analysts Set Honeywell International Inc. (NASDAQ:HON) Price Target at $249.57

Honeywell International Inc. (NASDAQ:HON) has earned an average recommendation of “Hold” from the seventeen research firms that are currently covering the company, MarketBeat Ratings reports. Ten equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $249.57.

Several research analysts have weighed in on the stock. Hsbc Global Res raised shares of Honeywell International to a “strong-buy” rating in a research note on Wednesday, December 11th. Morgan Stanley initiated coverage on Honeywell International in a research report on Friday, September 6th. They issued an “equal weight” rating and a $210.00 target price on the stock. HSBC upgraded Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 price target for the company in a research report on Wednesday, December 11th. Baird R W downgraded Honeywell International from a “strong-buy” rating to a “hold” rating in a report on Friday, October 25th. Finally, UBS Group restated a “buy” rating and set a $298.00 target price (up from $215.00) on shares of Honeywell International in a report on Wednesday, November 13th.

Hedge Funds Weigh In On Honeywell International

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

Honeywell International Stock Performance

Honeywell International stock opened at $228.90 on Friday. The firm has a 50 day simple moving average of $223.20 and a 200-day simple moving average of $212.90. The stock has a market cap of $148.84 billion, a price-to-earnings ratio of 26.43, a price-to-earnings-growth ratio of 2.85 and a beta of 1.05. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.44 and a quick ratio of 1.12. 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 disclosed a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Friday, November 15th were paid a dividend of $1.13 per share. The ex-dividend date was Friday, November 15th. This is an increase from Honeywell International’s previous quarterly dividend of $1.08. This represents a $4.52 annualized dividend and a yield of 1.97%. Honeywell International’s dividend payout ratio is currently 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.