Baird R W Lowers Honeywell International (NASDAQ:HON) to Hold

Baird R W lowered shares of Honeywell International (NASDAQ:HON) from a strong-buy rating to a hold rating in a research note issued to investors on Friday morning, Zacks.com reports.

HON has been the topic of a number of other research reports. Bank of America restated a “neutral” rating and set a $230.00 price target (down previously from $250.00) on shares of Honeywell International in a report on Thursday. Wells Fargo & Company boosted 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. Royal Bank of Canada reduced their price target on Honeywell International from $214.00 to $213.00 and set a “sector perform” rating on the stock in a report on Friday. Morgan Stanley initiated coverage on Honeywell International in a report on Friday, September 6th. They set an “equal weight” rating and a $210.00 price target on the stock. Finally, JPMorgan Chase & Co. reduced their price target on Honeywell International from $235.00 to $233.00 and set a “neutral” rating on the stock in a report on Friday. Ten investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $223.73.

Honeywell International Stock Performance

NASDAQ:HON 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 business has a fifty day simple moving average of $207.39 and a two-hundred day simple moving average of $205.51. Honeywell International has a 1 year low of $174.88 and a 1 year high of $222.98. The company has a market capitalization of $135.45 billion, a P/E ratio of 24.10, a P/E/G ratio of 2.45 and a beta of 1.03.

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

Honeywell International Increases Dividend

The company also recently declared 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. This represents a $4.52 annualized dividend and a dividend yield of 2.17%. This is a boost from Honeywell International’s previous quarterly dividend of $1.08. The ex-dividend date is Friday, November 15th. Honeywell International’s dividend payout ratio is presently 52.38%.

Hedge Funds Weigh In On Honeywell International

A number of institutional investors have recently bought and sold shares of the stock. Cornerstone Wealth Group LLC raised its holdings in Honeywell International by 2.8% in the 3rd quarter. Cornerstone Wealth Group LLC now owns 23,495 shares of the conglomerate’s stock worth $4,857,000 after purchasing an additional 644 shares during the period. Oak Harvest Investment Services raised its holdings in Honeywell International by 29.5% during the third quarter. Oak Harvest Investment Services now owns 45,198 shares of the conglomerate’s stock valued at $9,343,000 after acquiring an additional 10,300 shares during the period. JFS Wealth Advisors LLC raised its holdings in Honeywell International by 40.6% during the third quarter. JFS Wealth Advisors LLC now owns 9,533 shares of the conglomerate’s stock valued at $1,971,000 after acquiring an additional 2,753 shares during the period. SteelPeak Wealth LLC raised its holdings in Honeywell International by 255.2% during the third quarter. SteelPeak Wealth LLC now owns 73,529 shares of the conglomerate’s stock valued at $15,199,000 after acquiring an additional 52,830 shares during the period. Finally, Diversify Wealth Management LLC raised its holdings in Honeywell International by 1.6% during the third quarter. Diversify Wealth Management LLC now owns 11,817 shares of the conglomerate’s stock valued at $2,604,000 after acquiring an additional 187 shares during the period. 75.91% of the stock is 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.