Honeywell International (NASDAQ:HON) Price Target Raised to $252.00

Honeywell International (NASDAQ:HON) had its price objective lifted by Barclays from $229.00 to $252.00 in a report published on Wednesday morning,Benzinga reports. Barclays currently has an overweight rating on the conglomerate’s stock.

Other equities analysts have also recently issued research reports about the stock. Baird R W cut shares of Honeywell International from a “strong-buy” rating to a “hold” rating in a report on Friday, October 25th. Citigroup cut their target price on shares of Honeywell International from $248.00 to $244.00 and set a “buy” rating on the stock in a report on Friday, October 25th. Bank of America reissued a “neutral” rating and issued a $230.00 target price (down previously from $250.00) on shares of Honeywell International in a report on Thursday, October 24th. JPMorgan Chase & Co. dropped their price target on shares of Honeywell International from $235.00 to $233.00 and set a “neutral” rating on the stock in a research note on Friday, October 25th. Finally, Robert W. Baird lowered shares of Honeywell International from an “outperform” rating to a “neutral” rating and dropped their price target for the company from $223.00 to $217.00 in a research note on Friday, October 25th. Nine investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $241.45.

Honeywell International Stock Performance

Shares of HON stock opened at $228.99 on Wednesday. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.12 and a current ratio of 1.44. Honeywell International has a one year low of $189.66 and a one year high of $242.77. The company’s 50-day simple moving average is $211.39 and its 200-day simple moving average is $207.74. The stock has a market capitalization of $148.90 billion, a price-to-earnings ratio of 26.44, a PEG ratio of 2.77 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. Stockholders of record on Friday, November 15th will be issued a dividend of $1.13 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 1.97%. This is an increase from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s dividend payout ratio (DPR) is currently 49.88%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of HON. Quent Capital LLC raised its holdings in Honeywell International by 4.7% in the 1st quarter. Quent Capital LLC now owns 1,722 shares of the conglomerate’s stock worth $353,000 after acquiring an additional 77 shares during the period. Kingsview Wealth Management LLC boosted its position in shares of Honeywell International by 2.0% during the 1st quarter. Kingsview Wealth Management LLC now owns 35,192 shares of the conglomerate’s stock valued at $7,223,000 after acquiring an additional 678 shares in the last quarter. HBK Sorce Advisory LLC boosted its position in Honeywell International by 1.0% in the first quarter. HBK Sorce Advisory LLC now owns 8,112 shares of the conglomerate’s stock valued at $1,665,000 after buying an additional 82 shares in the last quarter. Leo Wealth LLC boosted its position in Honeywell International by 4.9% in the first quarter. Leo Wealth LLC now owns 4,438 shares of the conglomerate’s stock valued at $908,000 after buying an additional 208 shares in the last quarter. Finally, GM Advisory Group LLC boosted its position in Honeywell International by 2.4% in the first quarter. GM Advisory Group LLC now owns 5,826 shares of the conglomerate’s stock valued at $1,196,000 after buying an additional 139 shares in the last quarter. Institutional investors own 75.91% of the company’s stock.

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.