Hsbc Global Res Upgrades Honeywell International (NASDAQ:HON) to Strong-Buy

Hsbc Global Res upgraded shares of Honeywell International (NASDAQ:HON - Free Report) to a strong-buy rating in a report issued on Wednesday morning,Zacks.com reports.

Several other equities analysts also recently weighed in on HON. Barclays increased their target price on Honeywell International from $252.00 to $260.00 and gave the stock an "overweight" rating in a research report on Thursday, December 5th. Citigroup boosted their target price on shares of Honeywell International from $244.00 to $268.00 and gave the company a "buy" rating in a report on Monday. Morgan Stanley started coverage on shares of Honeywell International in a report on Friday, September 6th. They issued an "equal weight" rating and a $210.00 price target on the stock. Bank of America upped their price objective on Honeywell International from $220.00 to $240.00 and gave the stock a "neutral" rating in a report on Thursday, November 14th. Finally, JPMorgan Chase & Co. reduced their target price on Honeywell International from $235.00 to $233.00 and set a "neutral" rating on the stock in a report on Friday, October 25th. 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. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $248.77.

Honeywell International Price Performance

NASDAQ:HON traded down $0.07 during trading hours on Wednesday, reaching $227.62. 2,431,647 shares of the company traded hands, compared to its average volume of 3,140,381. Honeywell International has a 1-year low of $189.66 and a 1-year high of $242.77. The stock has a market cap of $148.01 billion, a P/E ratio of 26.29, a P/E/G ratio of 2.85 and a beta of 1.05. The firm's 50-day moving average is $220.58 and its 200-day moving average is $211.47. 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 Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, November 15th were paid a dividend of $1.13 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 1.99%. This is a positive change from Honeywell International's previous quarterly dividend of $1.08. Honeywell International's dividend payout ratio (DPR) is currently 52.19%.

Institutional Trading of Honeywell International

Several large investors have recently modified their holdings of the business. Teachers Insurance & Annuity Association of America bought a new stake in shares of Honeywell International in the third quarter worth $25,000. Reston Wealth Management LLC bought a new stake in shares of Honeywell International in the 3rd quarter worth about $29,000. Financial Avengers Inc. raised its stake in shares of Honeywell International by 48.1% in the 3rd quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate's stock valued at $32,000 after purchasing an additional 50 shares in the last quarter. Planning Capital Management Corp lifted its position in shares of 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 purchasing an additional 81 shares during the last quarter. Finally, Financial Connections Group Inc. acquired a new position in Honeywell International in the second quarter worth about $38,000. 75.91% of the stock is currently owned by institutional investors and hedge funds.

About Honeywell International

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.