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

Honeywell International Inc. (NASDAQ:HON) has been assigned an average rating of “Hold” from the thirteen ratings firms that are currently covering the stock, MarketBeat reports. Ten equities research analysts have rated the stock with a hold recommendation and three have given a 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 $223.73.

HON has been the subject of several recent analyst reports. Wells Fargo & Company increased their price objective on shares of Honeywell International from $207.00 to $215.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th. Bank of America reiterated a “neutral” rating and set a $230.00 price objective (down from $250.00) on shares of Honeywell International in a research report on Thursday, October 24th. Citigroup decreased their price objective 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. Wolfe Research cut shares of Honeywell International from an “outperform” rating to a “peer perform” rating in a research report on Monday. Finally, Robert W. Baird cut shares of Honeywell International from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $223.00 to $217.00 in a report on Friday, October 25th.

Honeywell International Price Performance

HON stock opened at $204.20 on Thursday. The company has a fifty day moving average price of $207.71 and a 200-day moving average price of $205.64. The company has a market capitalization of $132.97 billion, a P/E ratio of 23.66, a PEG ratio of 2.45 and a beta of 1.03. Honeywell International has a 52-week low of $179.18 and a 52-week high of $222.98. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.91 and a current ratio of 1.21.

Honeywell International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be given a dividend of $1.13 per share. This is a positive change from Honeywell International’s previous quarterly dividend of $1.08. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date of this dividend is Friday, November 15th. Honeywell International’s dividend payout ratio (DPR) is presently 52.38%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. LGT Group Foundation bought a new stake in Honeywell International in the first quarter worth about $26,000. Reston Wealth Management LLC bought a new stake in Honeywell International in the third quarter worth about $29,000. Financial Connections Group Inc. bought a new stake in Honeywell International in the second quarter worth about $38,000. Pathway Financial Advisers LLC bought a new stake in Honeywell International in the first quarter worth about $39,000. Finally, New Covenant Trust Company N.A. bought a new stake in Honeywell International in the first quarter worth about $42,000. 75.91% of the stock is owned by 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.