Honeywell International (NASDAQ:HON) Stock Price Expected to Rise, Bank of America Analyst Says

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

Several other equities analysts have also weighed in on HON. UBS Group restated a “buy” rating and issued a $298.00 price target (up previously from $215.00) on shares of Honeywell International in a research note on Wednesday, November 13th. Royal Bank of Canada boosted their price objective on Honeywell International from $213.00 to $253.00 and gave the company a “sector perform” rating in a research report on Wednesday, November 13th. StockNews.com upgraded Honeywell International from a “hold” rating to a “buy” rating in a research report on Sunday, November 3rd. JPMorgan Chase & Co. cut their price target on shares of Honeywell International from $235.00 to $233.00 and set a “neutral” rating for the company in a report on Friday, October 25th. Finally, Morgan Stanley assumed coverage on shares of Honeywell International in a report on Friday, September 6th. They set an “equal weight” rating and a $210.00 price objective on the stock. Nine analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $241.45.

Honeywell International Stock Performance

Shares of NASDAQ HON opened at $228.99 on Thursday. The company has a market capitalization of $148.90 billion, a PE ratio of 26.44, a price-to-earnings-growth ratio of 2.72 and a beta of 1.03. 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 company’s fifty day moving average price is $211.39 and its 200 day moving average price is $207.94. Honeywell International has a 1 year low of $189.66 and a 1 year high of $242.77.

Honeywell International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be paid a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a yield of 1.97%. This is a positive change from Honeywell International’s previous quarterly dividend of $1.08. The ex-dividend date of this dividend is Friday, November 15th. Honeywell International’s dividend payout ratio (DPR) is 49.88%.

Institutional Investors Weigh In On Honeywell International

Large investors have recently made changes to their positions in the stock. Quent Capital LLC increased its holdings in shares of Honeywell International by 4.7% during the 1st quarter. Quent Capital LLC now owns 1,722 shares of the conglomerate’s stock worth $353,000 after buying an additional 77 shares during the last quarter. Banco Santander S.A. increased its stake in Honeywell International by 1.9% during the first quarter. Banco Santander S.A. now owns 7,002 shares of the conglomerate’s stock worth $1,437,000 after acquiring an additional 131 shares during the last quarter. M&G Plc purchased a new stake in Honeywell International in the first quarter valued at $1,993,000. Jupiter Asset Management Ltd. purchased a new position in shares of Honeywell International during the 1st quarter worth $1,398,000. Finally, Hoey Investments Inc. increased its position in shares of Honeywell International by 16.6% during the 1st quarter. Hoey Investments Inc. now owns 3,515 shares of the conglomerate’s stock worth $721,000 after purchasing an additional 500 shares during the last quarter. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

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.