Honeywell International Inc. (NASDAQ:HON) Receives Consensus Recommendation of “Hold” from Analysts

Honeywell International Inc. (NASDAQ:HON) has received a consensus rating of “Hold” from the thirteen analysts that are covering the company, Marketbeat Ratings reports. Nine analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $241.45.

HON has been the subject of several research analyst reports. Citigroup reduced their price target on shares of Honeywell International from $248.00 to $244.00 and set a “buy” rating for the company in a research report on Friday, October 25th. Bank of America upped their price target on shares of Honeywell International from $220.00 to $240.00 and gave the company a “neutral” rating in a research report on Thursday, November 14th. Wolfe Research downgraded shares of Honeywell International from an “outperform” rating to a “peer perform” rating in a research report on Monday, October 28th. Royal Bank of Canada upped their price target on shares of Honeywell International from $213.00 to $253.00 and gave the company a “sector perform” rating in a research report on Wednesday, November 13th. Finally, Wells Fargo & Company upped their price target on shares of Honeywell International from $215.00 to $254.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 13th.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of HON. Teachers Insurance & Annuity Association of America acquired a new position in shares of Honeywell International during the 3rd quarter worth $25,000. Reston Wealth Management LLC acquired a new position in Honeywell International in the 3rd quarter valued at $29,000. Financial Avengers Inc. grew its stake in Honeywell International by 48.1% in the 3rd quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate’s stock valued at $32,000 after buying an additional 50 shares during the last quarter. Planning Capital Management Corp grew its stake in Honeywell International by 96.4% in the 3rd quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock valued at $34,000 after buying an additional 81 shares during the last quarter. Finally, Financial Connections Group Inc. acquired a new position in Honeywell International in the 2nd quarter valued at $38,000. Institutional investors and hedge funds own 75.91% of the company’s stock.

Honeywell International Stock Up 1.4 %

HON stock opened at $232.93 on Monday. 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 firm has a market cap of $151.46 billion, a PE ratio of 26.90, a P/E/G ratio of 2.77 and a beta of 1.03. Honeywell International has a 12 month low of $189.66 and a 12 month high of $242.77. The firm has a 50 day simple moving average of $216.57 and a 200 day simple moving average of $210.03.

Honeywell International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be paid a dividend of $1.13 per share. This is a positive change from Honeywell International’s previous quarterly dividend of $1.08. The ex-dividend date is Friday, November 15th. This represents a $4.52 annualized dividend and a dividend yield of 1.94%. Honeywell International’s dividend payout ratio is 52.19%.

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.