Honeywell International (NASDAQ:HON - Free Report) had its price target hoisted by Bank of America from $220.00 to $240.00 in a research report released on Thursday,Benzinga reports. Bank of America currently has a neutral rating on the conglomerate's stock.
Several other equities research analysts also recently weighed in on HON. Wolfe Research downgraded Honeywell International from an "outperform" rating to a "peer perform" rating in a report on Monday, October 28th. UBS Group reissued a "buy" rating and issued a $298.00 price objective (up from $215.00) on shares of Honeywell International in a research report on Wednesday. Barclays lifted their price objective on Honeywell International from $229.00 to $252.00 and gave the stock an "overweight" rating in a research report on Wednesday. Morgan Stanley began coverage on Honeywell International in a research report on Friday, September 6th. They issued an "equal weight" rating and a $210.00 target price for the company. Finally, JPMorgan Chase & Co. decreased their target price on Honeywell International from $235.00 to $233.00 and set a "neutral" rating for the company in a research report on Friday, October 25th. Nine research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $241.45.
Read Our Latest Stock Report on Honeywell International
Honeywell International Price Performance
Shares of NASDAQ HON traded down $2.40 during mid-day trading on Thursday, hitting $230.67. 3,811,734 shares of the stock traded hands, compared to its average volume of 3,100,188. 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 twelve month low of $188.78 and a twelve month high of $242.77. The company has a market cap of $149.99 billion, a PE ratio of 26.91, a price-to-earnings-growth ratio of 2.78 and a beta of 1.03. The firm has a 50 day simple moving average of $210.22 and a two-hundred day simple moving average of $207.34.
Honeywell International Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be issued a dividend of $1.13 per share. 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 1.96%. The ex-dividend date is Friday, November 15th. Honeywell International's dividend payout ratio is currently 49.88%.
Institutional Trading of Honeywell International
Several institutional investors and hedge funds have recently bought and sold shares of HON. EP Wealth Advisors LLC increased its position in shares of Honeywell International by 4.4% during the second quarter. EP Wealth Advisors LLC now owns 337,380 shares of the conglomerate's stock valued at $72,044,000 after acquiring an additional 14,271 shares in the last quarter. SteelPeak Wealth LLC grew its position in Honeywell International by 255.2% in the 3rd quarter. SteelPeak Wealth LLC now owns 73,529 shares of the conglomerate's stock worth $15,199,000 after purchasing an additional 52,830 shares during the period. Los Angeles Capital Management LLC grew its position in Honeywell International by 24.5% in the 3rd quarter. Los Angeles Capital Management LLC now owns 29,213 shares of the conglomerate's stock worth $6,039,000 after purchasing an additional 5,750 shares during the period. Asset Management One Co. Ltd. boosted its stake in shares of Honeywell International by 2.6% during the 3rd quarter. Asset Management One Co. Ltd. now owns 346,469 shares of the conglomerate's stock worth $71,619,000 after acquiring an additional 8,687 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its stake in shares of Honeywell International by 3.7% during the 3rd quarter. Principal Financial Group Inc. now owns 797,426 shares of the conglomerate's stock worth $164,836,000 after acquiring an additional 28,812 shares during the last quarter. 75.91% of the stock is currently owned by hedge funds and other institutional investors.
Honeywell International Company Profile
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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.
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