Honeywell International (NASDAQ:HON) Rating Lowered to “Peer Perform” at Wolfe Research

Wolfe Research downgraded shares of Honeywell International (NASDAQ:HON) from an outperform rating to a peer perform rating in a research note issued to investors on Monday morning, MarketBeat reports.

Several other equities analysts have also recently issued reports on the stock. JPMorgan Chase & Co. dropped their price objective on shares of Honeywell International from $235.00 to $233.00 and set a “neutral” rating on the stock in a research note on Friday, October 25th. Bank of America reiterated a “neutral” rating and set a $230.00 target price (down previously from $250.00) on shares of Honeywell International in a research report on Thursday, October 24th. Wells Fargo & Company raised their price target on Honeywell International from $207.00 to $215.00 and gave the company an “equal weight” rating in a report on Friday, October 25th. Robert W. Baird downgraded Honeywell International from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $223.00 to $217.00 in a report on Friday, October 25th. Finally, StockNews.com cut shares of Honeywell International from a “buy” rating to a “hold” rating in a research note on Friday, August 30th. Ten equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $223.73.

Honeywell International Stock Performance

Shares of HON stock opened at $204.20 on Monday. The stock’s 50-day moving average price is $207.71 and its 200 day moving average price is $205.64. Honeywell International has a 52-week low of $179.18 and a 52-week high of $222.98. The stock has a market capitalization of $132.97 billion, a PE ratio of 23.66, a price-to-earnings-growth 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 Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be issued a dividend of $1.13 per share. The ex-dividend date is Friday, November 15th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.21%. This is a boost from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s payout ratio is presently 52.38%.

Institutional Investors Weigh In On Honeywell International

Several institutional investors have recently bought and sold shares of HON. Centennial Wealth Advisory LLC boosted its holdings in Honeywell International by 6.1% in the third quarter. Centennial Wealth Advisory LLC now owns 1,133 shares of the conglomerate’s stock valued at $234,000 after purchasing an additional 65 shares during the last quarter. Maia Wealth LLC grew its holdings in Honeywell International by 6.2% during the 3rd quarter. Maia Wealth LLC now owns 1,132 shares of the conglomerate’s stock worth $237,000 after acquiring an additional 66 shares in the last quarter. Umpqua Bank bought a new stake in shares of Honeywell International in the 3rd quarter worth about $204,000. Radnor Capital Management LLC acquired a new stake in shares of Honeywell International in the 3rd quarter valued at about $883,000. Finally, Leslie Global Wealth LLC grew its stake in Honeywell International by 7.8% in the third quarter. Leslie Global Wealth LLC now owns 2,003 shares of the conglomerate’s stock worth $414,000 after purchasing an additional 145 shares in the last quarter. 75.91% of the stock is currently owned by hedge funds and other 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.