Honeywell International (NASDAQ:HON) Given New $215.00 Price Target at Wells Fargo & Company

Honeywell International (NASDAQ:HON) had its target price hoisted by Wells Fargo & Company from $207.00 to $215.00 in a research note issued to investors on Friday morning, Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the conglomerate’s stock.

Other equities analysts have also recently issued reports about the stock. Royal Bank of Canada reiterated a “sector perform” rating and issued a $214.00 target price on shares of Honeywell International in a research note on Thursday, September 26th. JPMorgan Chase & Co. lowered shares of Honeywell International from an “overweight” rating to a “neutral” rating and upped their target price for the stock from $225.00 to $235.00 in a report on Thursday, October 10th. Bank of America reaffirmed a “neutral” rating and set a $230.00 target price (down previously from $250.00) on shares of Honeywell International in a report on Thursday. Robert W. Baird cut shares of Honeywell International from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $223.00 to $217.00 in a research report on Friday. Finally, StockNews.com cut shares of Honeywell International from a “buy” rating to a “hold” rating in a research report on Friday, August 30th. Ten analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $223.73.

Honeywell International Trading Down 0.5 %

HON stock opened at $208.00 on Friday. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.21 and a quick ratio of 0.91. The company has a market capitalization of $135.45 billion, a PE ratio of 24.10, a P/E/G ratio of 2.45 and a beta of 1.03. The firm’s 50-day moving average is $207.39 and its 200 day moving average is $205.51. Honeywell International has a 12 month low of $174.88 and a 12 month high of $222.98.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings data on Thursday, October 24th. The conglomerate reported $2.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.50 by $0.08. The firm had revenue of $9.73 billion for the quarter, compared to the consensus estimate of $9.90 billion. Honeywell International had a net margin of 15.49% and a return on equity of 36.87%. On average, research analysts anticipate that Honeywell International will post 10.1 EPS for the current year.

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. The ex-dividend date is Friday, November 15th. 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 2.17%. Honeywell International’s payout ratio is 52.38%.

Institutional Investors Weigh In On Honeywell International

Institutional investors have recently made changes to their positions in the company. Cypress Wealth Services LLC raised its stake in shares of Honeywell International by 2.5% in the 2nd quarter. Cypress Wealth Services LLC now owns 1,952 shares of the conglomerate’s stock valued at $417,000 after acquiring an additional 47 shares in the last quarter. Bard Financial Services Inc. grew its holdings in Honeywell International by 0.3% in the 2nd quarter. Bard Financial Services Inc. now owns 17,594 shares of the conglomerate’s stock valued at $3,757,000 after buying an additional 50 shares during the last quarter. ZRC Wealth Management LLC grew its holdings in shares of Honeywell International by 11.6% during the 3rd quarter. ZRC Wealth Management LLC now owns 480 shares of the conglomerate’s stock worth $99,000 after purchasing an additional 50 shares in the last quarter. CFM Wealth Partners LLC grew its holdings in shares of Honeywell International by 4.0% during the 3rd quarter. CFM Wealth Partners LLC now owns 1,288 shares of the conglomerate’s stock worth $264,000 after purchasing an additional 50 shares in the last quarter. Finally, Jacobsen Capital Management grew its holdings in shares of Honeywell International by 5.2% during the 3rd quarter. Jacobsen Capital Management now owns 1,010 shares of the conglomerate’s stock worth $209,000 after purchasing an additional 50 shares in the last quarter. 75.91% of the stock is currently owned by institutional investors.

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.