Honeywell International (NASDAQ:HON) Receives Buy Rating from UBS Group

UBS Group reissued their buy rating on shares of Honeywell International (NASDAQ:HON) in a research report sent to investors on Wednesday,Benzinga reports. They currently have a $298.00 price target on the conglomerate’s stock, up from their previous price target of $215.00.

Other research analysts also recently issued reports about the stock. Wells Fargo & Company lifted their target price on shares of Honeywell International from $215.00 to $254.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Barclays upped their price objective on shares of Honeywell International from $229.00 to $252.00 and gave the company an “overweight” rating in a research note on Wednesday. Bank of America reissued a “neutral” rating and issued a $230.00 target price (down from $250.00) on shares of Honeywell International in a research note on Thursday, October 24th. Robert W. Baird lowered Honeywell International from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $223.00 to $217.00 in a research report on Friday, October 25th. Finally, Baird R W lowered Honeywell International from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 25th. Nine analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Honeywell International presently has a consensus rating of “Hold” and a consensus target price of $241.45.

Honeywell International Price Performance

HON opened at $233.40 on Wednesday. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.44 and a quick ratio of 1.12. Honeywell International has a 1 year low of $188.78 and a 1 year high of $242.77. The stock’s 50 day simple moving average is $210.22 and its 200 day simple moving average is $207.34. The firm has a market cap of $151.77 billion, a price-to-earnings ratio of 26.91, a PEG ratio of 2.78 and a beta of 1.03.

Honeywell International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be given a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date is Friday, November 15th. This is an increase from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s payout ratio is 49.88%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Hantz Financial Services Inc. grew its holdings in Honeywell International by 62.7% during the third quarter. Hantz Financial Services Inc. now owns 771 shares of the conglomerate’s stock valued at $159,000 after purchasing an additional 297 shares during the period. Teachers Insurance & Annuity Association of America bought a new stake in Honeywell International during the 3rd quarter worth approximately $25,000. Vinva Investment Management Ltd lifted its holdings in Honeywell International by 29.9% during the third quarter. Vinva Investment Management Ltd now owns 3,750 shares of the conglomerate’s stock valued at $779,000 after purchasing an additional 863 shares in the last quarter. Financial Counselors Inc. increased its stake in shares of Honeywell International by 5.6% in the third quarter. Financial Counselors Inc. now owns 180,078 shares of the conglomerate’s stock worth $37,224,000 after purchasing an additional 9,522 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Honeywell International by 3.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,061,639 shares of the conglomerate’s stock valued at $632,871,000 after purchasing an additional 108,160 shares during the period. 75.91% of the stock is owned by hedge funds and other 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.