Honeywell International (NASDAQ:HON) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Honeywell International (NASDAQ:HON) had its target price increased by Wells Fargo & Company from $215.00 to $254.00 in a research report sent to investors on Wednesday morning,Benzinga reports. They currently have an equal weight rating on the conglomerate’s stock.

HON has been the subject of several other reports. Morgan Stanley assumed coverage on shares of Honeywell International in a research report on Friday, September 6th. They issued an “equal weight” rating and a $210.00 target price for the company. Royal Bank of Canada upped their price objective on shares of Honeywell International from $213.00 to $253.00 and gave the stock a “sector perform” rating in a report on Wednesday. StockNews.com upgraded Honeywell International from a “hold” rating to a “buy” rating in a report on Sunday, November 3rd. JPMorgan Chase & Co. decreased their price target on Honeywell International from $235.00 to $233.00 and set a “neutral” rating for the company in a research note on Friday, October 25th. Finally, Robert W. Baird downgraded Honeywell International from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $223.00 to $217.00 in a research note on Friday, October 25th. Nine equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $240.55.

Honeywell International Stock Down 0.4 %

HON opened at $233.07 on Wednesday. The company has a market capitalization of $151.55 billion, a PE ratio of 26.91, a price-to-earnings-growth ratio of 2.78 and a beta of 1.03. The business has a 50-day moving average of $209.67 and a 200-day moving average of $207.16. Honeywell International has a fifty-two week low of $188.65 and a fifty-two week high of $242.77. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.44 and a quick ratio of 1.12.

Honeywell International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be given a dividend of $1.13 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $4.52 dividend on an annualized basis and a yield of 1.94%. This is a positive change from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s payout ratio is 49.88%.

Institutional Trading of Honeywell International

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Quent Capital LLC grew its position in Honeywell International by 4.7% during the first quarter. Quent Capital LLC now owns 1,722 shares of the conglomerate’s stock worth $353,000 after buying an additional 77 shares in the last quarter. Kingsview Wealth Management LLC lifted its position in shares of Honeywell International by 2.0% in the 1st quarter. Kingsview Wealth Management LLC now owns 35,192 shares of the conglomerate’s stock worth $7,223,000 after acquiring an additional 678 shares during the period. HBK Sorce Advisory LLC grew its holdings in shares of Honeywell International by 1.0% during the 1st quarter. HBK Sorce Advisory LLC now owns 8,112 shares of the conglomerate’s stock worth $1,665,000 after purchasing an additional 82 shares in the last quarter. Leo Wealth LLC increased its position in shares of Honeywell International by 4.9% during the first quarter. Leo Wealth LLC now owns 4,438 shares of the conglomerate’s stock valued at $908,000 after purchasing an additional 208 shares during the period. Finally, GM Advisory Group LLC raised its stake in shares of Honeywell International by 2.4% in the first quarter. GM Advisory Group LLC now owns 5,826 shares of the conglomerate’s stock valued at $1,196,000 after purchasing an additional 139 shares in the last quarter. 75.91% of the stock is currently 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.