Honeywell International (NASDAQ:HON) Upgraded to Buy at StockNews.com

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

HON has been the subject of several other reports. Royal Bank of Canada lowered their target price on Honeywell International from $214.00 to $213.00 and set a “sector perform” rating for the company in a research note on Friday, October 25th. Wells Fargo & Company lifted their price target on shares of Honeywell International from $207.00 to $215.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th. Wolfe Research cut Honeywell International from an “outperform” rating to a “peer perform” rating in a research note on Monday, October 28th. JPMorgan Chase & Co. decreased their price objective on Honeywell International from $235.00 to $233.00 and set a “neutral” rating for the company in a report on Friday, October 25th. Finally, Citigroup lowered their price target on shares of Honeywell International from $248.00 to $244.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. Ten 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, Honeywell International presently has a consensus rating of “Hold” and a consensus price target of $223.73.

Honeywell International Price Performance

Shares of HON stock opened at $208.78 on Friday. The firm has a market cap of $135.76 billion, a price-to-earnings ratio of 24.11, a P/E/G ratio of 2.49 and a beta of 1.03. 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 stock’s fifty day simple moving average is $208.08 and its 200 day simple moving average is $206.17. Honeywell International has a one year low of $183.20 and a one year high of $222.98.

Honeywell International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be paid a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.16%. This is a positive change from Honeywell International’s previous quarterly dividend of $1.08. The ex-dividend date is Friday, November 15th. Honeywell International’s dividend payout ratio (DPR) is 49.88%.

Hedge Funds Weigh In On Honeywell International

Several institutional investors have recently modified their holdings of HON. Capital Wealth Planning LLC bought a new position in shares of Honeywell International during the 2nd quarter valued at approximately $392,478,000. Price T Rowe Associates Inc. MD lifted its holdings in Honeywell International by 22.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,587,718 shares of the conglomerate’s stock worth $1,967,880,000 after purchasing an additional 1,746,759 shares in the last quarter. International Assets Investment Management LLC boosted its position in shares of Honeywell International by 24,683.3% in the third quarter. International Assets Investment Management LLC now owns 948,704 shares of the conglomerate’s stock valued at $1,961,070,000 after acquiring an additional 944,876 shares during the period. Natixis boosted its holdings in Honeywell International by 184.8% in the 1st quarter. Natixis now owns 838,716 shares of the conglomerate’s stock valued at $172,146,000 after purchasing an additional 544,175 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in Honeywell International by 12.4% during the second quarter. Dimensional Fund Advisors LP now owns 2,950,562 shares of the conglomerate’s stock worth $630,086,000 after buying an additional 325,272 shares in the last quarter. 75.91% of the stock is 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.