Brokerages Set Honeywell International Inc. (NASDAQ:HON) Price Target at $241.45

Honeywell International Inc. (NASDAQ:HON) has been given a consensus rating of “Hold” by the thirteen analysts that are covering the company, Marketbeat Ratings reports. Nine research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $241.45.

Several research firms have commented on HON. Citigroup cut their price target on Honeywell International from $248.00 to $244.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. Baird R W cut shares of Honeywell International from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 25th. Wells Fargo & Company lifted their price objective on shares of Honeywell International from $215.00 to $254.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 13th. StockNews.com raised shares of Honeywell International from a “hold” rating to a “buy” rating in a report on Sunday, November 3rd. Finally, JPMorgan Chase & Co. lowered their price target on Honeywell International from $235.00 to $233.00 and set a “neutral” rating on the stock in a report on Friday, October 25th.

Honeywell International Trading Down 0.3 %

NASDAQ HON opened at $229.64 on Monday. The firm’s fifty day moving average price is $215.46 and its 200 day moving average price is $209.61. Honeywell International has a 12 month low of $189.66 and a 12 month high of $242.77. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.44 and a quick ratio of 1.12. The company has a market capitalization of $149.32 billion, a price-to-earnings ratio of 26.52, a price-to-earnings-growth ratio of 2.74 and a beta of 1.03.

Honeywell International Increases Dividend

The business also recently announced 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. This represents a $4.52 annualized dividend and a dividend yield of 1.97%. The ex-dividend date is Friday, November 15th. Honeywell International’s payout ratio is presently 52.19%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Tidal Investments LLC raised its holdings in Honeywell International by 46.3% during the third quarter. Tidal Investments LLC now owns 48,572 shares of the conglomerate’s stock worth $10,040,000 after purchasing an additional 15,370 shares during the last quarter. Blankinship & Foster LLC acquired a new position in shares of Honeywell International during the 3rd quarter worth $3,464,000. Destination Wealth Management boosted its position in shares of Honeywell International by 21.8% in the 3rd quarter. Destination Wealth Management now owns 1,234 shares of the conglomerate’s stock worth $255,000 after buying an additional 221 shares in the last quarter. Wilmington Savings Fund Society FSB grew its stake in Honeywell International by 17.5% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 119,378 shares of the conglomerate’s stock valued at $24,677,000 after acquiring an additional 17,785 shares during the last quarter. Finally, Arvest Bank Trust Division purchased a new position in Honeywell International during the 3rd quarter valued at about $12,815,000. 75.91% of the stock is currently owned by institutional investors and hedge funds.

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.