Honeywell International (NASDAQ:HON) Price Target Raised to $240.00

Honeywell International (NASDAQ:HON) had its price objective boosted by Bank of America from $220.00 to $240.00 in a report issued on Thursday morning,Benzinga reports. Bank of America currently has a neutral rating on the conglomerate’s stock.

HON has been the subject of several other research reports. Citigroup lowered their price objective on shares of Honeywell International from $248.00 to $244.00 and set a “buy” rating for the company in a research note on Friday, October 25th. JPMorgan Chase & Co. decreased their price target on shares of Honeywell International from $235.00 to $233.00 and set a “neutral” rating for the company in a research report on Friday, October 25th. Baird R W lowered Honeywell International from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 25th. Wolfe Research lowered Honeywell International from an “outperform” rating to a “peer perform” rating in a report on Monday, October 28th. Finally, Royal Bank of Canada upped their price target on Honeywell International from $213.00 to $253.00 and gave the stock a “sector perform” rating in a report on Wednesday, November 13th. Nine research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $241.45.

Honeywell International Price Performance

HON opened at $228.99 on Thursday. The firm has a market cap of $148.90 billion, a price-to-earnings ratio of 26.44, a PEG ratio of 2.72 and a beta of 1.03. 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’s 50-day moving average price is $211.39 and its 200 day moving average price is $207.94. Honeywell International has a 12-month low of $189.66 and a 12-month high of $242.77.

Honeywell International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be given 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 is Friday, November 15th. This represents a $4.52 annualized dividend and a yield of 1.97%. Honeywell International’s payout ratio is 49.88%.

Institutional Investors Weigh In On Honeywell International

Several large investors have recently modified their holdings of the company. Teachers Insurance & Annuity Association of America purchased a new position in Honeywell International during the 3rd quarter worth $25,000. LGT Group Foundation acquired a new stake in shares of Honeywell International during the first quarter worth about $26,000. Reston Wealth Management LLC purchased a new position in shares of Honeywell International during the third quarter worth about $29,000. Planning Capital Management Corp raised its stake in Honeywell International by 96.4% during the 3rd 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 last quarter. Finally, Financial Connections Group Inc. acquired a new stake in Honeywell International during the 2nd quarter worth approximately $38,000. 75.91% of the stock is 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.