Honeywell International (NASDAQ:HON) Price Target Raised to $254.00

Honeywell International (NASDAQ:HON) had its target price raised by Wells Fargo & Company from $215.00 to $254.00 in a report published on Wednesday morning,Benzinga reports. The brokerage currently has an equal weight rating on the conglomerate’s stock.

HON has been the topic of several other reports. Bank of America restated a “neutral” rating and issued a $230.00 price objective (down from $250.00) on shares of Honeywell International in a research report on Thursday, October 24th. Baird R W cut shares of Honeywell International from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 25th. JPMorgan Chase & Co. decreased their price objective on shares of Honeywell International from $235.00 to $233.00 and set a “neutral” rating on the stock in a research report on Friday, October 25th. Royal Bank of Canada upped their price objective on shares of Honeywell International from $213.00 to $253.00 and gave the stock a “sector perform” rating in a research report on Wednesday. Finally, StockNews.com upgraded shares of Honeywell International from a “hold” rating to a “buy” rating in a research report on Sunday, November 3rd. Nine analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $241.45.

Honeywell International Trading Down 0.2 %

Shares of Honeywell International stock opened at $228.99 on Wednesday. Honeywell International has a 12-month low of $189.66 and a 12-month high of $242.77. The company has a market cap of $148.90 billion, a price-to-earnings ratio of 26.44, a PEG ratio of 2.77 and a beta of 1.03. The company has a current ratio of 1.44, a quick ratio of 1.12 and a debt-to-equity ratio of 1.44. The company’s 50-day moving average price is $211.39 and its 200-day moving average price is $207.74.

Honeywell International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be paid a $1.13 dividend. 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 dividend on an annualized basis and a yield of 1.97%. Honeywell International’s dividend payout ratio (DPR) is presently 52.19%.

Hedge Funds Weigh In On Honeywell International

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cypress Wealth Services LLC lifted its holdings in shares of Honeywell International by 2.5% in the 2nd quarter. Cypress Wealth Services LLC now owns 1,952 shares of the conglomerate’s stock worth $417,000 after buying an additional 47 shares during the period. Absher Wealth Management LLC lifted its holdings in shares of Honeywell International by 2.5% in the 3rd quarter. Absher Wealth Management LLC now owns 1,999 shares of the conglomerate’s stock worth $413,000 after buying an additional 49 shares during the period. Bard Financial Services Inc. lifted its holdings in shares of Honeywell International by 0.3% in the 2nd quarter. Bard Financial Services Inc. now owns 17,594 shares of the conglomerate’s stock worth $3,757,000 after buying an additional 50 shares during the period. ZRC Wealth Management LLC lifted its holdings in shares of Honeywell International by 11.6% in the 3rd quarter. ZRC Wealth Management LLC now owns 480 shares of the conglomerate’s stock worth $99,000 after buying an additional 50 shares during the period. Finally, CFM Wealth Partners LLC lifted its stake in shares of Honeywell International by 4.0% during the 3rd quarter. CFM Wealth Partners LLC now owns 1,288 shares of the conglomerate’s stock worth $264,000 after purchasing an additional 50 shares during the last quarter. Hedge funds and other 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.