Honeywell International (NASDAQ:HON) Upgraded at StockNews.com

StockNews.com upgraded shares of Honeywell International (NASDAQ:HON) from a hold rating to a buy rating in a report issued on Tuesday morning.

Other research analysts have also recently issued reports about the stock. Citigroup raised their price objective on shares of Honeywell International from $244.00 to $268.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Hsbc Global Res raised Honeywell International to a “strong-buy” rating in a research report on Wednesday, December 11th. Bank of America upped their price objective on Honeywell International from $220.00 to $240.00 and gave the company a “neutral” rating in a research report on Thursday, November 14th. Wells Fargo & Company lifted their price objective on Honeywell International from $215.00 to $254.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 13th. Finally, HSBC upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 target price on the stock in a report on Wednesday, December 11th. Ten investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $249.57.

Honeywell International Stock Performance

NASDAQ:HON 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 has a market capitalization of $147.53 billion, a P/E ratio of 26.20, a price-to-earnings-growth ratio of 2.85 and a beta of 1.05. The firm has a 50-day moving average price of $222.76 and a two-hundred day moving average price of $212.52. Honeywell International has a twelve month low of $189.66 and a twelve month high of $242.77.

Honeywell International Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Friday, November 15th were given a $1.13 dividend. 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 1.99%. The ex-dividend date was Friday, November 15th. Honeywell International’s dividend payout ratio (DPR) is 52.19%.

Institutional Trading of Honeywell International

A number of institutional investors have recently modified their holdings of HON. RIA Advisory Group LLC acquired a new position in Honeywell International during the third quarter valued at approximately $6,124,000. Copley Financial Group Inc. acquired a new position in shares of Honeywell International during the 3rd quarter valued at $454,000. EP Wealth Advisors LLC lifted its holdings in shares of Honeywell International by 4.4% during the 2nd quarter. EP Wealth Advisors LLC now owns 337,380 shares of the conglomerate’s stock valued at $72,044,000 after acquiring an additional 14,271 shares in the last quarter. Rockefeller Capital Management L.P. boosted its position in Honeywell International by 2.0% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 639,341 shares of the conglomerate’s stock worth $132,155,000 after purchasing an additional 12,755 shares during the period. Finally, SteelPeak Wealth LLC increased its holdings in Honeywell International by 255.2% in the 3rd quarter. SteelPeak Wealth LLC now owns 73,529 shares of the conglomerate’s stock valued at $15,199,000 after purchasing an additional 52,830 shares in the last quarter. 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.