Honeywell International (NASDAQ:HON) Upgraded at StockNews.com

StockNews.com upgraded shares of Honeywell International (NASDAQ:HON) from a hold rating to a buy rating in a report published on Monday.

Several other analysts have also issued reports on HON. JPMorgan Chase & Co. reduced their target price on shares of Honeywell International from $235.00 to $233.00 and set a “neutral” rating for the company in a research note on Friday, October 25th. Robert W. Baird downgraded Honeywell International from an “outperform” rating to a “neutral” rating and decreased their price target for the company from $223.00 to $217.00 in a research report on Friday, October 25th. Wells Fargo & Company raised their target price on Honeywell International from $207.00 to $215.00 and gave the company an “equal weight” rating in a research report on Friday, October 25th. Royal Bank of Canada cut their price target on shares of Honeywell International from $214.00 to $213.00 and set a “sector perform” rating on the stock in a report on Friday, October 25th. Finally, Barclays lowered their target price on Honeywell International from $232.00 to $229.00 and set an “overweight” rating on the stock in a research note on Friday, October 25th. Ten equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $223.73.

Honeywell International Stock Down 0.9 %

HON stock opened at $204.20 on Monday. The firm has a market capitalization of $132.97 billion, a PE ratio of 23.66, a P/E/G ratio of 2.45 and a beta of 1.03. The company has a quick ratio of 0.91, a current ratio of 1.21 and a debt-to-equity ratio of 1.19. Honeywell International has a twelve month low of $179.18 and a twelve month high of $222.98. The stock’s 50 day moving average is $207.71 and its 200-day moving average is $205.64.

Honeywell International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be given a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a yield of 2.21%. 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. Honeywell International’s dividend payout ratio (DPR) is presently 52.38%.

Institutional Investors Weigh In On Honeywell International

A number of large investors have recently added to or reduced their stakes in the company. LGT Group Foundation bought a new stake in shares of Honeywell International in the 1st quarter worth approximately $26,000. Reston Wealth Management LLC purchased a new stake in Honeywell International in the third quarter worth about $29,000. Financial Connections Group Inc. bought a new stake in Honeywell International during the 2nd quarter valued at approximately $38,000. Pathway Financial Advisers LLC purchased a new position in shares of Honeywell International during the 1st quarter worth approximately $39,000. Finally, TruNorth Capital Management LLC bought a new position in shares of Honeywell International in the 2nd quarter worth approximately $43,000. Institutional investors own 75.91% of the company’s stock.

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.