Honeywell International Inc. (NASDAQ:HON) Given Average Recommendation of “Hold” by Analysts

Honeywell International Inc. (NASDAQ:HON) has earned an average rating of “Hold” from the seventeen brokerages that are currently covering the company, Marketbeat Ratings reports. Ten investment analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $249.57.

Several brokerages have commented on HON. StockNews.com upgraded Honeywell International from a “hold” rating to a “buy” rating in a research note on Tuesday. Morgan Stanley assumed coverage on shares of Honeywell International in a research report on Friday, September 6th. They set an “equal weight” rating and a $210.00 price target on the stock. Wells Fargo & Company increased their price objective on shares of Honeywell International from $215.00 to $254.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 13th. Jefferies Financial Group lifted their target price on shares of Honeywell International from $220.00 to $260.00 and gave the company a “hold” rating in a report on Tuesday. Finally, Hsbc Global Res upgraded Honeywell International to a “strong-buy” rating in a report on Wednesday, December 11th.

Honeywell International Trading Up 0.0 %

HON stock opened at $226.88 on Friday. The company has a quick ratio of 1.12, a current ratio of 1.44 and a debt-to-equity ratio of 1.44. The company has a market cap of $147.53 billion, a price-to-earnings ratio of 26.20, a PEG ratio of 2.85 and a beta of 1.05. The business has a fifty day simple moving average of $222.76 and a 200-day simple moving average of $212.52. Honeywell International has a 52 week low of $189.66 and a 52 week high of $242.77.

Honeywell International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, November 15th were given a dividend of $1.13 per share. The ex-dividend date was Friday, November 15th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 1.99%. This is an increase from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s dividend payout ratio (DPR) is presently 52.19%.

Institutional Investors Weigh In On Honeywell International

A number of institutional investors have recently modified their holdings of the stock. Teachers Insurance & Annuity Association of America bought a new stake in Honeywell International in the third quarter valued at about $25,000. Reston Wealth Management LLC acquired a new stake in shares of Honeywell International during the 3rd quarter valued at approximately $29,000. Financial Avengers Inc. lifted its stake in Honeywell International by 48.1% during the third quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate’s stock worth $32,000 after purchasing an additional 50 shares during the last quarter. Planning Capital Management Corp boosted its holdings in Honeywell International by 96.4% in the third quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock worth $34,000 after purchasing an additional 81 shares during the period. Finally, Financial Connections Group Inc. bought a new stake in Honeywell International during the second quarter valued at $38,000. Institutional investors and hedge funds 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.