Barclays Issues Positive Forecast for Honeywell International (NASDAQ:HON) Stock Price

Honeywell International (NASDAQ:HON) had its target price raised by Barclays from $229.00 to $252.00 in a report released on Wednesday morning,Benzinga reports. They currently have an overweight rating on the conglomerate’s stock.

Several other research analysts have also recently issued reports on HON. Baird R W cut shares of Honeywell International from a “strong-buy” rating to a “hold” rating in a report on Friday, October 25th. Citigroup dropped their price objective on Honeywell International from $248.00 to $244.00 and set a “buy” rating on the stock in a report on Friday, October 25th. Royal Bank of Canada raised their price target on Honeywell International from $213.00 to $253.00 and gave the stock a “sector perform” rating in a research note on Wednesday. Bank of America reiterated a “neutral” rating and issued a $230.00 price objective (down previously from $250.00) on shares of Honeywell International in a research note on Thursday, October 24th. Finally, Wolfe Research cut shares of Honeywell International from an “outperform” rating to a “peer perform” rating in a report on Monday, October 28th. Nine research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $241.45.

Honeywell International Stock Up 0.2 %

Shares of NASDAQ:HON traded up $0.38 on Wednesday, hitting $233.45. 268,006 shares of the company’s stock were exchanged, compared to its average volume of 3,084,016. Honeywell International has a 1-year low of $188.78 and a 1-year high of $242.77. The company has a market capitalization of $151.80 billion, a PE ratio of 26.91, a P/E/G ratio of 2.78 and a beta of 1.03. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.12 and a current ratio of 1.44. The firm’s 50-day moving average is $210.22 and its 200 day moving average is $207.34.

Honeywell International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be given a $1.13 dividend. The ex-dividend date of this dividend is Friday, November 15th. This is a positive change from Honeywell International’s previous quarterly dividend of $1.08. This represents a $4.52 annualized dividend and a dividend yield of 1.94%. Honeywell International’s payout ratio is currently 49.88%.

Institutional Trading of Honeywell International

Large investors have recently modified their holdings of the business. Teachers Insurance & Annuity Association of America acquired a new position in shares of Honeywell International in the third quarter worth $25,000. LGT Group Foundation purchased a new position in Honeywell International in the 1st quarter valued at about $26,000. Reston Wealth Management LLC acquired a new stake in shares of Honeywell International during the 3rd quarter worth about $29,000. Planning Capital Management Corp grew its holdings in shares of Honeywell International by 96.4% during the third quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock worth $34,000 after buying an additional 81 shares in the last quarter. Finally, Financial Connections Group Inc. acquired a new position in shares of Honeywell International in the second quarter valued at approximately $38,000. 75.91% of the stock is currently owned by institutional investors and hedge funds.

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.