Honeywell International (NASDAQ:HON) Price Target Raised to $260.00 at Jefferies Financial Group

Honeywell International (NASDAQ:HON - Free Report) had its price target lifted by Jefferies Financial Group from $220.00 to $260.00 in a research report report published on Tuesday morning,Benzinga reports. The brokerage currently has a hold rating on the conglomerate's stock.

A number of other equities research analysts also recently weighed in on HON. JPMorgan Chase & Co. decreased their target price on Honeywell International from $235.00 to $233.00 and set a "neutral" rating on the stock in a research report on Friday, October 25th. Royal Bank of Canada reiterated a "sector perform" rating and set a $253.00 price target on shares of Honeywell International in a research note on Tuesday, December 3rd. The Goldman Sachs Group increased their price objective on shares of Honeywell International from $227.00 to $256.00 and gave the company a "buy" rating in a research note on Thursday, December 12th. Citigroup lifted their target price on shares of Honeywell International from $244.00 to $268.00 and gave the company a "buy" rating in a research report on Monday, December 9th. Finally, Morgan Stanley started coverage on shares of Honeywell International in a research report on Friday, September 6th. They issued an "equal weight" rating and a $210.00 price target for the company. Ten analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Honeywell International presently has a consensus rating of "Moderate Buy" and an average price target of $249.57.

Honeywell International Stock Down 1.2 %

NASDAQ HON traded down $2.87 during trading on Tuesday, reaching $233.13. The company's stock had a trading volume of 5,380,001 shares, compared to its average volume of 3,170,410. Honeywell International has a 1-year low of $189.66 and a 1-year high of $242.77. The business has a 50-day moving average price of $221.71 and a 200-day moving average price of $212.10. 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 capitalization of $151.59 billion, a PE ratio of 27.07, a PEG ratio of 2.85 and a beta of 1.05.

Honeywell International Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Friday, November 15th were paid a $1.13 dividend. This is a boost from Honeywell International's previous quarterly dividend of $1.08. The ex-dividend date was Friday, November 15th. This represents a $4.52 annualized dividend and a yield of 1.94%. Honeywell International's payout ratio is presently 52.19%.

Institutional Investors Weigh In On Honeywell International

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. RIA Advisory Group LLC bought a new stake in Honeywell International during the third quarter worth $6,124,000. Copley Financial Group Inc. acquired a new position in shares of Honeywell International during the 3rd quarter worth about $454,000. EP Wealth Advisors LLC raised its holdings in shares of Honeywell International by 4.4% in the 2nd quarter. EP Wealth Advisors LLC now owns 337,380 shares of the conglomerate's stock valued at $72,044,000 after purchasing an additional 14,271 shares during the period. Rockefeller Capital Management L.P. lifted its stake in Honeywell International by 2.0% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 639,341 shares of the conglomerate's stock valued at $132,155,000 after purchasing an additional 12,755 shares during the last quarter. Finally, SteelPeak Wealth LLC grew its holdings in Honeywell International by 255.2% during the third 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. 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.