Honeywell International (NASDAQ:HON) Price Target Raised to $260.00

Honeywell International (NASDAQ:HON) had its price objective upped by Jefferies Financial Group from $220.00 to $260.00 in a report published on Tuesday morning,Benzinga reports. The brokerage currently has a hold rating on the conglomerate’s stock.

Other equities research analysts have also issued research reports about the company. Wells Fargo & Company boosted their price target on Honeywell International from $215.00 to $254.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 13th. Wolfe Research lowered Honeywell International from an “outperform” rating to a “peer perform” rating in a report on Monday, October 28th. StockNews.com raised Honeywell International from a “hold” rating to a “buy” rating in a research note on Tuesday. JPMorgan Chase & Co. lowered their price objective on shares of Honeywell International from $235.00 to $233.00 and set a “neutral” rating on the stock in a research note on Friday, October 25th. Finally, Citigroup lifted their target price on shares of Honeywell International from $244.00 to $268.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Ten analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $249.57.

Honeywell International Stock Up 0.0 %

HON stock opened at $226.88 on Tuesday. 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 company’s 50-day moving average price is $222.76 and its 200 day moving average price is $212.52. Honeywell International has a 52 week low of $189.66 and a 52 week high of $242.77. The company has a market cap of $147.53 billion, a P/E ratio of 26.20, a P/E/G ratio of 2.85 and a beta of 1.05.

Honeywell International Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Friday, November 15th were 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 was Friday, November 15th. This represents a $4.52 annualized dividend and a yield of 1.99%. Honeywell International’s payout ratio is 52.19%.

Hedge Funds Weigh In On Honeywell International

A number of large investors have recently bought and sold shares of the stock. Teachers Insurance & Annuity Association of America acquired a new stake in shares of Honeywell International in the third quarter worth $25,000. Reston Wealth Management LLC purchased a new stake in shares of Honeywell International during the third quarter worth about $29,000. Financial Avengers Inc. raised its position in shares of Honeywell International by 48.1% in the 3rd quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate’s stock valued at $32,000 after purchasing an additional 50 shares in the last quarter. Planning Capital Management Corp raised its holdings in Honeywell International by 96.4% in the third quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock valued at $34,000 after acquiring an additional 81 shares in the last quarter. Finally, Financial Connections Group Inc. acquired a new position in Honeywell International during the 2nd 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.