Honeywell International Inc. (NASDAQ:HON) Receives Average Rating of “Hold” from Brokerages

Honeywell International Inc. (NASDAQ:HON) has earned a consensus rating of “Hold” from the seventeen ratings firms that are covering the firm, MarketBeat.com reports. Ten research analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $249.57.

HON has been the topic of several recent research reports. JPMorgan Chase & Co. cut 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 report on Friday, October 25th. Baird R W downgraded Honeywell International from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 25th. The Goldman Sachs Group raised their target price on Honeywell International from $227.00 to $256.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Jefferies Financial Group boosted their price target on Honeywell International from $220.00 to $260.00 and gave the stock a “hold” rating in a research report on Tuesday. Finally, StockNews.com raised Honeywell International from a “hold” rating to a “buy” rating in a report on Tuesday.

Honeywell International Trading Up 0.0 %

NASDAQ:HON opened at $226.88 on Friday. Honeywell International has a 12-month low of $189.66 and a 12-month high of $242.77. 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 business has a 50 day simple moving average of $222.76 and a 200 day simple moving average of $212.52. The firm has a market capitalization of $147.53 billion, a P/E ratio of 26.20, a P/E/G ratio of 2.85 and a beta of 1.05.

Honeywell International Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Friday, November 15th were issued a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a 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 (DPR) is presently 52.19%.

Hedge Funds Weigh In On Honeywell International

Hedge funds have recently modified their holdings of the stock. Teachers Insurance & Annuity Association of America acquired a new position in shares of Honeywell International in the 3rd quarter valued at $25,000. Reston Wealth Management LLC purchased a new stake in Honeywell International during the third quarter valued at about $29,000. Financial Avengers Inc. boosted its holdings in shares of Honeywell International by 48.1% in the third quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate’s stock worth $32,000 after buying an additional 50 shares during the period. Planning Capital Management Corp increased its position in shares of Honeywell International by 96.4% in the third quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock worth $34,000 after acquiring an additional 81 shares in the last quarter. Finally, Financial Connections Group Inc. acquired a new stake in shares of Honeywell International during the second quarter valued at approximately $38,000. 75.91% of the stock is currently owned by institutional investors and hedge funds.

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.