Brokerages Set Honeywell International Inc. (NASDAQ:HON) Target Price at $223.73

Shares of Honeywell International Inc. (NASDAQ:HON) have received a consensus recommendation of “Hold” from the thirteen research firms that are covering the stock, Marketbeat Ratings reports. Ten investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $223.73.

Several equities analysts have recently weighed in on HON shares. Baird R W cut shares of Honeywell International from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 25th. Royal Bank of Canada decreased their price target on shares of 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. Bank of America reaffirmed a “neutral” rating and set a $230.00 price target (down from $250.00) on shares of Honeywell International in a research note on Thursday, October 24th. Morgan Stanley started coverage on shares of Honeywell International in a research note on Friday, September 6th. They set an “equal weight” rating and a $210.00 price target for the company. Finally, Wells Fargo & Company raised 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 note on Friday, October 25th.

Institutional Investors Weigh In On Honeywell International

Several hedge funds have recently added to or reduced their stakes in the business. Capital Wealth Planning LLC acquired a new stake in shares of Honeywell International during the second quarter worth $392,478,000. Price T Rowe Associates Inc. MD lifted its holdings in shares of Honeywell International by 22.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 9,587,718 shares of the conglomerate’s stock worth $1,967,880,000 after buying an additional 1,746,759 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in shares of Honeywell International by 24,683.3% during the third quarter. International Assets Investment Management LLC now owns 948,704 shares of the conglomerate’s stock worth $1,961,070,000 after buying an additional 944,876 shares in the last quarter. Natixis lifted its holdings in shares of Honeywell International by 184.8% during the first quarter. Natixis now owns 838,716 shares of the conglomerate’s stock worth $172,146,000 after buying an additional 544,175 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of 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. Institutional investors and hedge funds own 75.91% of the company’s stock.

Honeywell International Price Performance

NASDAQ HON opened at $209.19 on Thursday. The business has a 50 day simple moving average of $207.95 and a 200 day simple moving average of $205.85. Honeywell International has a 52-week low of $183.20 and a 52-week high of $222.98. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.12 and a current ratio of 1.44. The stock has a market cap of $136.03 billion, a price-to-earnings ratio of 24.16, a PEG ratio of 2.43 and a beta of 1.03.

Honeywell International Increases Dividend

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

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.