StockNews.com Upgrades Honeywell International (NASDAQ:HON) to "Buy"

StockNews.com upgraded shares of Honeywell International (NASDAQ:HON - Free Report) from a hold rating to a buy rating in a research note published on Tuesday morning.

Several other research firms also recently weighed in on HON. Royal Bank of Canada reiterated a "sector perform" rating and issued a $253.00 target price on shares of Honeywell International in a report on Tuesday, December 3rd. Robert W. Baird lowered Honeywell International from an "outperform" rating to a "neutral" rating and lowered their price target for the stock from $223.00 to $217.00 in a research report on Friday, October 25th. Barclays boosted their price objective on Honeywell International from $252.00 to $260.00 and gave the company an "overweight" rating in a report on Thursday, December 5th. 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. Finally, Citigroup boosted their price target on shares of Honeywell International from $244.00 to $268.00 and gave the stock a "buy" rating in a research note on Monday, December 9th. Ten research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Honeywell International has an average rating of "Moderate Buy" and a consensus target price of $249.57.

Honeywell International Trading Down 1.2 %

HON stock traded down $2.87 during mid-day trading on Tuesday, hitting $233.13. 5,381,929 shares of the company were exchanged, compared to its average volume of 3,170,410. Honeywell International has a 12-month low of $189.66 and a 12-month high of $242.77. The firm has a market capitalization of $151.59 billion, a P/E ratio of 26.92, a PEG ratio of 2.85 and a beta of 1.05. The business has a fifty day simple moving average of $222.23 and a 200-day simple moving average of $212.32. The company has a quick ratio of 1.12, a current ratio of 1.44 and a debt-to-equity ratio of 1.44.

Honeywell International Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Friday, November 15th were issued a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a yield of 1.94%. This is an increase from Honeywell International's previous quarterly dividend of $1.08. The ex-dividend date of this dividend was Friday, November 15th. Honeywell International's payout ratio is 52.19%.

Hedge Funds Weigh In On Honeywell International

Hedge funds have recently added to or reduced their stakes in the stock. Teachers Insurance & Annuity Association of America purchased a new stake in shares of Honeywell International in the 3rd quarter valued at about $25,000. Reston Wealth Management LLC acquired a new position in Honeywell International during the third quarter worth approximately $29,000. Financial Avengers Inc. lifted its stake in 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 during the last quarter. Planning Capital Management Corp boosted its holdings in shares of Honeywell International by 96.4% in the third quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate's stock valued at $34,000 after acquiring an additional 81 shares during the period. Finally, Financial Connections Group Inc. purchased a new position in shares of Honeywell International during the second quarter worth approximately $38,000. 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.