Honeywell International (NASDAQ:HON) Given New $253.00 Price Target at Royal Bank of Canada

Honeywell International (NASDAQ:HON) had its price objective increased by Royal Bank of Canada from $213.00 to $253.00 in a report issued on Wednesday,Benzinga reports. They currently have a sector perform rating on the conglomerate’s stock.

Other equities research analysts have also issued research reports about the stock. Bank of America reaffirmed 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. Citigroup decreased their price target on Honeywell International from $248.00 to $244.00 and set a “buy” rating for the company in a research note on Friday, October 25th. Baird R W downgraded Honeywell International from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 25th. Robert W. Baird lowered Honeywell International from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from $223.00 to $217.00 in a report on Friday, October 25th. Finally, Morgan Stanley began coverage on Honeywell International in a report on Friday, September 6th. They set an “equal weight” rating and a $210.00 price target on the stock. Nine equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, Honeywell International currently has an average rating of “Hold” and an average target price of $241.45.

Honeywell International Stock Up 0.2 %

NASDAQ HON traded up $0.41 during trading on Wednesday, reaching $233.48. The company’s stock had a trading volume of 273,891 shares, compared to its average volume of 3,084,180. 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 stock has a market capitalization of $151.82 billion, a PE ratio of 26.91, a PEG ratio of 2.78 and a beta of 1.03. Honeywell International has a 1-year low of $188.78 and a 1-year high of $242.77. The business has a 50-day moving average price of $210.22 and a 200-day moving average price of $207.34.

Honeywell International Increases Dividend

The company also recently declared 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. The ex-dividend date of this dividend is Friday, November 15th. This represents a $4.52 annualized dividend and a yield of 1.94%. Honeywell International’s dividend payout ratio is 49.88%.

Institutional Trading of Honeywell International

Several institutional investors have recently modified their holdings of the company. Hantz Financial Services Inc. lifted its holdings in shares of Honeywell International by 62.7% during the 3rd quarter. Hantz Financial Services Inc. now owns 771 shares of the conglomerate’s stock worth $159,000 after acquiring an additional 297 shares during the period. Teachers Insurance & Annuity Association of America bought a new position in Honeywell International during the third quarter worth about $25,000. Vinva Investment Management Ltd boosted its holdings in Honeywell International by 29.9% during the third quarter. Vinva Investment Management Ltd now owns 3,750 shares of the conglomerate’s stock valued at $779,000 after purchasing an additional 863 shares in the last quarter. Financial Counselors Inc. grew its stake in shares of Honeywell International by 5.6% in the 3rd quarter. Financial Counselors Inc. now owns 180,078 shares of the conglomerate’s stock valued at $37,224,000 after purchasing an additional 9,522 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Honeywell International by 3.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,061,639 shares of the conglomerate’s stock worth $632,871,000 after buying an additional 108,160 shares in the last quarter. Institutional investors and hedge funds 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.