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 note published on Wednesday morning,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 HON. Wolfe Research cut shares of Honeywell International from an “outperform” rating to a “peer perform” rating in a research note on Monday, October 28th. Bank of America restated a “neutral” rating and set a $230.00 target price (down previously from $250.00) on shares of Honeywell International in a research note on Thursday, October 24th. Royal Bank of Canada raised their target price on shares of Honeywell International from $213.00 to $253.00 and gave the stock a “sector perform” rating in a research note on Wednesday. Citigroup decreased their target price on shares of Honeywell International from $248.00 to $244.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. Finally, Robert W. Baird cut shares of Honeywell International from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $223.00 to $217.00 in a research note on Friday, October 25th. Nine research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Honeywell International currently has a consensus rating of “Hold” and an average price target of $241.45.

Honeywell International Price Performance

Shares of NASDAQ:HON opened at $228.99 on Wednesday. The firm’s 50 day moving average price is $211.39 and its 200-day moving average price is $207.74. Honeywell International has a twelve month low of $189.66 and a twelve month high of $242.77. The company has a quick ratio of 1.12, a current ratio of 1.44 and a debt-to-equity ratio of 1.44. The stock has a market capitalization of $148.90 billion, a PE ratio of 26.44, a price-to-earnings-growth ratio of 2.77 and a beta of 1.03.

Honeywell International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors 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 (DPR) is 49.88%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Quent Capital LLC boosted its stake in Honeywell International by 4.7% during the first 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 period. Kingsview Wealth Management LLC boosted its stake in Honeywell International by 2.0% during the first quarter. Kingsview Wealth Management LLC now owns 35,192 shares of the conglomerate’s stock worth $7,223,000 after buying an additional 678 shares during the period. HBK Sorce Advisory LLC boosted its stake in shares of Honeywell International by 1.0% during the first quarter. HBK Sorce Advisory LLC now owns 8,112 shares of the conglomerate’s stock valued at $1,665,000 after purchasing an additional 82 shares during the period. Leo Wealth LLC boosted its stake in shares of Honeywell International by 4.9% during the first quarter. Leo Wealth LLC now owns 4,438 shares of the conglomerate’s stock valued at $908,000 after purchasing an additional 208 shares during the period. Finally, GM Advisory Group LLC boosted its stake in shares of Honeywell International by 2.4% during the first quarter. GM Advisory Group LLC now owns 5,826 shares of the conglomerate’s stock valued at $1,196,000 after purchasing an additional 139 shares during the period. 75.91% of the stock is 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.