Bank of America Forecasts Strong Price Appreciation for Honeywell International (NASDAQ:HON) Stock

Honeywell International (NASDAQ:HON) had its target price hoisted by Bank of America from $220.00 to $240.00 in a research report sent to investors on Thursday,Benzinga reports. They currently have a neutral rating on the conglomerate’s stock.

A number of other equities research analysts also recently issued reports on HON. UBS Group restated a “buy” rating and issued a $298.00 target price (up from $215.00) on shares of Honeywell International in a report on Wednesday. Royal Bank of Canada boosted 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 note on Wednesday. Citigroup decreased their price objective on shares of Honeywell International from $248.00 to $244.00 and set a “buy” rating for the company in a research note on Friday, October 25th. StockNews.com upgraded shares of Honeywell International from a “hold” rating to a “buy” rating in a research note on Sunday, November 3rd. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Honeywell International from $235.00 to $233.00 and set a “neutral” rating for the company in a research note on Friday, October 25th. Nine analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $241.45.

Honeywell International Trading Down 0.2 %

Honeywell International stock traded down $0.55 during trading on Thursday, reaching $228.99. The company had a trading volume of 3,669,506 shares, compared to its average volume of 3,097,093. Honeywell International has a 12-month low of $189.66 and a 12-month high of $242.77. The stock’s 50 day moving average price is $210.77 and its two-hundred day moving average price is $207.50. The firm has a market capitalization of $148.90 billion, a price-to-earnings ratio of 26.62, a PEG ratio of 2.77 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.

Honeywell International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be issued a $1.13 dividend. The ex-dividend date is Friday, November 15th. 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%. Honeywell International’s dividend payout ratio is currently 49.88%.

Institutional Trading of Honeywell International

Several institutional investors have recently added to or reduced their stakes in HON. Teachers Insurance & Annuity Association of America acquired a new stake in Honeywell International in the third quarter valued at $25,000. LGT Group Foundation acquired a new stake in shares of Honeywell International during the first quarter worth $26,000. Reston Wealth Management LLC acquired a new stake in shares of Honeywell International during the third quarter worth $29,000. Planning Capital Management Corp raised 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 purchasing an additional 81 shares during the period. Finally, Financial Connections Group Inc. acquired a new stake in shares of Honeywell International during the second quarter worth $38,000. 75.91% of the stock is 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.