Honeywell International (NASDAQ:HON) Given New $256.00 Price Target at The Goldman Sachs Group

Honeywell International (NASDAQ:HON) had its price target upped by The Goldman Sachs Group from $227.00 to $256.00 in a research note published on Thursday,Benzinga reports. They currently have a buy rating on the conglomerate’s stock.

HON has been the topic of a number of other research reports. Citigroup increased their price target on Honeywell International from $244.00 to $268.00 and gave the company a “buy” rating in a research note on Monday. Wolfe Research cut shares of Honeywell International from an “outperform” rating to a “peer perform” rating in a research note on Monday, October 28th. Robert W. Baird lowered shares of 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 note on Friday, October 25th. HSBC raised Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 target price on the stock in a research report on Wednesday. Finally, StockNews.com cut Honeywell International from a “buy” rating to a “hold” rating in a report on Monday. Ten investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Honeywell International currently has a consensus rating of “Hold” and a consensus price target of $248.77.

Honeywell International Trading Down 0.6 %

Honeywell International stock opened at $227.69 on Thursday. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.12 and a current ratio of 1.44. The stock has a 50-day simple moving average of $220.58 and a 200 day simple moving average of $211.47. The stock has a market capitalization of $148.06 billion, a P/E ratio of 26.29, a PEG ratio of 2.85 and a beta of 1.05. Honeywell International has a 52 week low of $189.66 and a 52 week high of $242.77.

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 issued a $1.13 dividend. This is a positive change from Honeywell International’s previous quarterly dividend of $1.08. This represents a $4.52 annualized dividend and a yield of 1.99%. The ex-dividend date of this dividend was Friday, November 15th. Honeywell International’s dividend payout ratio (DPR) is currently 52.19%.

Institutional Investors Weigh In On Honeywell International

Several institutional investors and hedge funds have recently added to or reduced their stakes in HON. Copley Financial Group Inc. bought a new position in Honeywell International in the third quarter valued at about $454,000. Tidal Investments LLC boosted its stake in shares of Honeywell International by 46.3% in the 3rd quarter. Tidal Investments LLC now owns 48,572 shares of the conglomerate’s stock valued at $10,040,000 after purchasing an additional 15,370 shares in the last quarter. Blankinship & Foster LLC acquired a new position in Honeywell International during the 3rd quarter worth approximately $3,464,000. Destination Wealth Management lifted its stake in Honeywell International by 21.8% in the 3rd quarter. Destination Wealth Management now owns 1,234 shares of the conglomerate’s stock valued at $255,000 after purchasing an additional 221 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB boosted its position in Honeywell International by 17.5% in the third quarter. Wilmington Savings Fund Society FSB now owns 119,378 shares of the conglomerate’s stock valued at $24,677,000 after buying an additional 17,785 shares in the last quarter. 75.91% of the stock is currently owned by institutional investors.

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.