Honeywell International (NASDAQ:HON) Price Target Raised to $256.00

Honeywell International (NASDAQ:HON) had its price objective lifted by The Goldman Sachs Group from $227.00 to $256.00 in a research note released on Thursday,Benzinga reports. The firm currently has a buy rating on the conglomerate’s stock.

A number of other research firms also recently weighed in on HON. Wolfe Research downgraded Honeywell International from an “outperform” rating to a “peer perform” rating in a research report on Monday, October 28th. Wells Fargo & Company upped their target price on shares of Honeywell International from $215.00 to $254.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 13th. StockNews.com cut shares of Honeywell International from a “buy” rating to a “hold” rating in a research report on Monday, December 9th. Citigroup increased their price objective on shares of Honeywell International from $244.00 to $268.00 and gave the company a “buy” rating in a report on Monday, December 9th. Finally, Robert W. Baird lowered Honeywell International from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $223.00 to $217.00 in a research report on Friday, October 25th. Ten investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Honeywell International has an average rating of “Hold” and an average target price of $248.77.

Honeywell International Trading Down 0.0 %

Shares of NASDAQ HON opened at $227.62 on Thursday. Honeywell International has a 1-year low of $189.66 and a 1-year high of $242.77. 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 50-day moving average of $221.06 and a two-hundred day moving average of $211.75. The company has a market cap of $148.01 billion, a PE ratio of 26.28, a P/E/G ratio of 2.85 and a beta of 1.05.

Honeywell International Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, November 15th were given a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date of this dividend was Friday, November 15th. This is a positive change from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s payout ratio is currently 52.19%.

Institutional Investors Weigh In On Honeywell International

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HON. Fiduciary Financial Group LLC bought a new position in Honeywell International in the second quarter valued at about $248,000. Silver Lake Advisory LLC acquired a new stake in shares of Honeywell International in the 2nd quarter worth about $198,000. Blue Trust Inc. boosted its stake in Honeywell International by 29.8% during the 2nd quarter. Blue Trust Inc. now owns 5,448 shares of the conglomerate’s stock valued at $1,118,000 after purchasing an additional 1,252 shares during the last quarter. Stanley Laman Group Ltd. increased its holdings in Honeywell International by 2.3% during the 2nd quarter. Stanley Laman Group Ltd. now owns 22,948 shares of the conglomerate’s stock worth $4,900,000 after purchasing an additional 520 shares in the last quarter. Finally, Rovin Capital UT ADV raised its stake in shares of Honeywell International by 12.7% in the second quarter. Rovin Capital UT ADV now owns 1,560 shares of the conglomerate’s stock worth $333,000 after purchasing an additional 176 shares during the last quarter. 75.91% of the stock is currently owned by institutional investors and hedge funds.

About Honeywell International

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.