Honeywell International (NASDAQ:HON) Raised to Buy at HSBC

HSBC upgraded shares of Honeywell International (NASDAQ:HON - Free Report) from a hold rating to a buy rating in a research report report published on Wednesday, MarketBeat reports. They currently have $290.00 target price on the conglomerate's stock.

Other equities analysts also recently issued research reports about the stock. Morgan Stanley began coverage on shares of Honeywell International in a research report on Friday, September 6th. They set an "equal weight" rating and a $210.00 price objective for the company. Baird R W downgraded shares of Honeywell International from a "strong-buy" rating to a "hold" rating in a report on Friday, October 25th. Royal Bank of Canada restated a "sector perform" rating and set a $253.00 target price on shares of Honeywell International in a report on Tuesday, December 3rd. StockNews.com downgraded Honeywell International from a "buy" rating to a "hold" rating in a research report on Monday. Finally, Barclays upped their price objective on shares of Honeywell International from $252.00 to $260.00 and gave the company an "overweight" rating in a research note on Thursday, December 5th. Ten analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $248.17.

Honeywell International Stock Performance

Shares of Honeywell International stock traded down $0.02 on Wednesday, hitting $229.06. The stock had a trading volume of 4,380,828 shares, compared to its average volume of 3,145,113. The company has a current ratio of 1.44, a quick ratio of 1.12 and a debt-to-equity ratio of 1.44. The stock has a market cap of $148.95 billion, a price-to-earnings ratio of 26.37, a P/E/G ratio of 2.82 and a beta of 1.05. The company's 50 day moving average price is $219.58 and its 200 day moving average price is $211.23. Honeywell International has a 52-week low of $189.66 and a 52-week high of $242.77.

Honeywell International Increases Dividend

The firm also recently declared 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. This is a positive change from Honeywell International's previous quarterly dividend of $1.08. The ex-dividend date of this dividend was Friday, November 15th. This represents a $4.52 annualized dividend and a dividend yield of 1.97%. Honeywell International's dividend payout ratio is 52.19%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Fiduciary Financial Group LLC acquired a new stake in shares of Honeywell International in the second quarter valued at $248,000. Silver Lake Advisory LLC acquired a new position in Honeywell International in the second quarter valued at about $198,000. Triad Wealth Partners LLC grew its position in shares of Honeywell International by 12.2% in the 2nd quarter. Triad Wealth Partners LLC now owns 1,818 shares of the conglomerate's stock valued at $388,000 after purchasing an additional 197 shares during the period. Ellsworth Advisors LLC raised its holdings in Honeywell International by 3.1% during the 2nd quarter. Ellsworth Advisors LLC now owns 9,543 shares of the conglomerate's stock worth $2,038,000 after buying an additional 284 shares during the period. Finally, Cordatus Wealth Management LLC bought a new stake in Honeywell International in the 2nd quarter valued at $1,374,000. 75.91% of the stock is owned by institutional investors.

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.