Honeywell International’s (HON) Buy Rating Reiterated at UBS Group

UBS Group reiterated their buy rating on shares of Honeywell International (NASDAQ:HON) in a research note published on Wednesday, Marketbeat reports. UBS Group currently has a $298.00 price target on the conglomerate’s stock, up from their prior price target of $215.00.

Several other research analysts have also issued reports on the company. Robert W. Baird lowered Honeywell International from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $223.00 to $217.00 in a research report on Friday, October 25th. Royal Bank of Canada lifted their price objective on Honeywell International from $213.00 to $253.00 and gave the company a “sector perform” rating in a research note on Wednesday. Barclays increased their price target on shares of Honeywell International from $229.00 to $252.00 and gave the stock an “overweight” rating in a report on Wednesday. Morgan Stanley began coverage on Honeywell International in a research report on Friday, September 6th. They issued an “equal weight” rating and a $210.00 price objective for the company. Finally, Baird R W downgraded shares of Honeywell International from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 25th. Nine research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Honeywell International has a consensus rating of “Hold” and an average price target of $241.45.

Honeywell International Stock Performance

Shares of Honeywell International stock opened at $228.99 on Wednesday. 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 company has a market capitalization of $148.90 billion, a PE ratio of 26.44, a P/E/G ratio of 2.77 and a beta of 1.03. The company has a 50-day simple moving average of $211.39 and a two-hundred day simple moving average of $207.74. Honeywell International has a one year low of $189.66 and a one year high of $242.77.

Honeywell International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be issued a $1.13 dividend. This is a boost from Honeywell International’s previous quarterly dividend of $1.08. This represents a $4.52 annualized dividend and a yield of 1.97%. The ex-dividend date of this dividend is Friday, November 15th. Honeywell International’s dividend payout ratio is presently 49.88%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Teachers Insurance & Annuity Association of America purchased a new position in Honeywell International during the third quarter worth about $25,000. LGT Group Foundation purchased a new stake in shares of Honeywell International during the 1st quarter valued at approximately $26,000. Reston Wealth Management LLC acquired a new position in Honeywell International in the third quarter valued at approximately $29,000. Planning Capital Management Corp grew its position 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 acquiring an additional 81 shares during the period. Finally, Financial Connections Group Inc. acquired a new stake in Honeywell International during the second quarter worth $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.