Wells Fargo & Company Raises Honeywell International (NASDAQ:HON) Price Target to $215.00

Honeywell International (NASDAQ:HON) had its target price increased by Wells Fargo & Company from $207.00 to $215.00 in a research report sent to investors on Friday, Benzinga reports. They currently have an equal weight rating on the conglomerate’s stock.

Several other analysts also recently weighed in on the stock. Bank of America reissued a “neutral” rating and set a $230.00 target price (down previously from $250.00) on shares of Honeywell International in a research report on Thursday, October 24th. Morgan Stanley started coverage on shares of Honeywell International in a report on Friday, September 6th. They set an “equal weight” rating and a $210.00 price objective on the stock. StockNews.com lowered Honeywell International from a “buy” rating to a “hold” rating in a research note on Friday, August 30th. JPMorgan Chase & Co. downgraded Honeywell International from an “overweight” rating to a “neutral” rating and boosted their price target for the company from $225.00 to $235.00 in a research note on Thursday, October 10th. Finally, Robert W. Baird cut Honeywell International from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $223.00 to $217.00 in a research note on Friday. Ten investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $223.73.

Honeywell International Price Performance

Shares of NASDAQ HON opened at $206.10 on Friday. Honeywell International has a fifty-two week low of $176.60 and a fifty-two week high of $222.98. The company has a market cap of $134.21 billion, a PE ratio of 23.88, a P/E/G ratio of 2.45 and a beta of 1.03. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.91 and a current ratio of 1.21. The business has a 50-day simple moving average of $207.53 and a two-hundred day simple moving average of $205.58.

Honeywell International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be paid a dividend of $1.13 per share. 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 dividend on an annualized basis and a dividend yield of 2.19%. Honeywell International’s dividend payout ratio (DPR) is presently 52.38%.

Hedge Funds Weigh In On Honeywell International

Several large investors have recently made changes to their positions in the company. Gladstone Institutional Advisory LLC raised its holdings in Honeywell International by 8.1% in the 3rd quarter. Gladstone Institutional Advisory LLC now owns 7,593 shares of the conglomerate’s stock worth $1,570,000 after purchasing an additional 572 shares during the period. Shepherd Financial Partners LLC raised its stake in shares of Honeywell International by 3.5% during the 3rd quarter. Shepherd Financial Partners LLC now owns 17,828 shares of the conglomerate’s stock worth $3,685,000 after buying an additional 595 shares during the period. Absher Wealth Management LLC lifted its position in shares of Honeywell International by 2.5% during the 3rd quarter. Absher Wealth Management LLC now owns 1,999 shares of the conglomerate’s stock valued at $413,000 after buying an additional 49 shares in the last quarter. Creative Financial Designs Inc. ADV grew its stake in Honeywell International by 1.6% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 9,778 shares of the conglomerate’s stock valued at $2,021,000 after acquiring an additional 151 shares during the period. Finally, Principal Securities Inc. increased its holdings in Honeywell International by 14.1% in the 3rd quarter. Principal Securities Inc. now owns 12,500 shares of the conglomerate’s stock worth $2,584,000 after acquiring an additional 1,541 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.