Honeywell International (NASDAQ:HON) Upgraded by StockNews.com to “Buy” Rating

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

Other equities analysts have also recently issued reports about the stock. Bank of America upped their price objective on shares of Honeywell International from $220.00 to $240.00 and gave the company a “neutral” rating in a research report on Thursday, November 14th. Wolfe Research downgraded Honeywell International from an “outperform” rating to a “peer perform” rating in a report on Monday, October 28th. JPMorgan Chase & Co. lowered their price objective on Honeywell International from $235.00 to $233.00 and set a “neutral” rating for the company in a research note on Friday, October 25th. UBS Group reaffirmed a “buy” rating and issued a $298.00 target price (up from $215.00) on shares of Honeywell International in a research report on Wednesday, November 13th. Finally, The Goldman Sachs Group raised their price target on shares of Honeywell International from $227.00 to $256.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Ten equities research 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. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $249.57.

Honeywell International Trading Up 0.0 %

NASDAQ HON opened at $226.88 on Tuesday. The stock has a market cap of $147.53 billion, a P/E ratio of 26.20, a PEG ratio of 2.85 and a beta of 1.05. The company’s fifty day simple moving average is $222.76 and its 200-day simple moving average is $212.52. The company has a current ratio of 1.44, a quick ratio of 1.12 and a debt-to-equity ratio of 1.44. Honeywell International has a 52 week low of $189.66 and a 52 week high of $242.77.

Honeywell International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, November 15th were given a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a dividend yield of 1.99%. This is a boost from Honeywell International’s previous quarterly dividend of $1.08. The ex-dividend date of this dividend was Friday, November 15th. Honeywell International’s dividend payout ratio is presently 52.19%.

Hedge Funds Weigh In On Honeywell International

Several institutional investors have recently modified their holdings of HON. Summit Global Investments acquired a new stake in Honeywell International in the 2nd quarter valued at approximately $997,000. Vicus Capital increased its holdings in shares of Honeywell International by 4.1% during the second quarter. Vicus Capital now owns 1,991 shares of the conglomerate’s stock valued at $425,000 after purchasing an additional 79 shares during the period. 1620 Investment Advisors Inc. bought a new stake in shares of Honeywell International during the second quarter valued at about $51,000. LaFleur & Godfrey LLC lifted its holdings in Honeywell International by 1.9% in the second quarter. LaFleur & Godfrey LLC now owns 32,834 shares of the conglomerate’s stock worth $7,011,000 after purchasing an additional 605 shares during the period. Finally, Jacobsen Capital Management bought a new position in Honeywell International in the 2nd quarter valued at about $205,000. 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.