Honeywell International (NASDAQ:HON) Price Target Raised to $260.00 at Jefferies Financial Group

Honeywell International (NASDAQ:HON) had its target price hoisted by Jefferies Financial Group from $220.00 to $260.00 in a research report sent to investors on Tuesday morning,Benzinga reports. The firm currently has a hold rating on the conglomerate’s stock.

Several other research firms have also commented on HON. Bank of America boosted their price objective on shares of Honeywell International from $220.00 to $240.00 and gave the stock a “neutral” rating in a research note on Thursday, November 14th. Baird R W cut Honeywell International from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 25th. UBS Group restated a “buy” rating and set a $298.00 price target (up from $215.00) on shares of Honeywell International in a report on Wednesday, November 13th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $253.00 price target on shares of Honeywell International in a research note on Tuesday, December 3rd. Finally, Wolfe Research lowered shares of Honeywell International from an “outperform” rating to a “peer perform” rating in a research note on Monday, October 28th. Ten investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $249.57.

Honeywell International Price Performance

Shares of HON stock opened at $233.13 on Tuesday. The business’s fifty day moving average is $222.23 and its 200 day moving average is $212.32. 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 stock has a market cap of $151.59 billion, a price-to-earnings ratio of 26.92, a PEG ratio of 2.85 and a beta of 1.05. Honeywell International has a twelve month low of $189.66 and a twelve month high of $242.77.

Honeywell International Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, November 15th were paid a $1.13 dividend. This represents a $4.52 annualized dividend and a dividend yield of 1.94%. The ex-dividend date was Friday, November 15th. This is a boost from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s dividend payout ratio is 52.19%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Teachers Insurance & Annuity Association of America purchased a new position in Honeywell International during the third quarter valued at $25,000. Reston Wealth Management LLC bought a new position in shares of Honeywell International in the third quarter worth about $29,000. Financial Avengers Inc. lifted its position in shares of Honeywell International by 48.1% during the 3rd quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate’s stock valued at $32,000 after buying an additional 50 shares in the last quarter. Planning Capital Management Corp grew its stake in shares of Honeywell International by 96.4% during the 3rd quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock valued at $34,000 after acquiring an additional 81 shares during the period. Finally, Financial Connections Group Inc. bought a new position in shares of Honeywell International during the 2nd quarter valued at approximately $38,000. Hedge funds and other institutional investors own 75.91% of the company’s stock.

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.