Honeywell International (NASDAQ:HON) Upgraded by StockNews.com to “Buy” Rating

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

A number of other research firms also recently weighed in on HON. Citigroup upped 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. 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 note on Wednesday, November 13th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $253.00 price objective on shares of Honeywell International in a research note on Tuesday, December 3rd. Bank of America raised their target price on shares of Honeywell International from $220.00 to $240.00 and gave the stock a “neutral” rating in a research note on Thursday, November 14th. Finally, HSBC raised shares of Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 price objective for the company in a report on Wednesday, December 11th. Ten research 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 stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $249.57.

Honeywell International Price Performance

HON opened at $233.13 on Tuesday. The firm has a 50-day moving average price of $222.23 and a 200-day moving average price of $212.32. The company has a market capitalization of $151.59 billion, a price-to-earnings ratio of 26.92, a PEG ratio of 2.85 and a beta of 1.05. Honeywell International has a twelve month low of $189.66 and a twelve month high of $242.77. The company has a quick ratio of 1.12, a current ratio of 1.44 and a debt-to-equity ratio of 1.44.

Honeywell International Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Friday, November 15th were given 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 was Friday, November 15th. This represents a $4.52 dividend on an annualized basis and a yield of 1.94%. Honeywell International’s payout ratio is 52.19%.

Institutional Trading of Honeywell International

A number of large investors have recently made changes to their positions in HON. Summit Global Investments purchased a new stake in Honeywell International in the second quarter worth about $997,000. Vicus Capital increased its holdings in Honeywell International by 4.1% in the 2nd quarter. Vicus Capital now owns 1,991 shares of the conglomerate’s stock worth $425,000 after buying an additional 79 shares during the period. 1620 Investment Advisors Inc. acquired a new position in Honeywell International in the 2nd quarter worth approximately $51,000. LaFleur & Godfrey LLC increased its holdings in Honeywell International by 1.9% in the 2nd quarter. LaFleur & Godfrey LLC now owns 32,834 shares of the conglomerate’s stock worth $7,011,000 after buying an additional 605 shares during the period. Finally, Jacobsen Capital Management purchased a new stake in Honeywell International in the 2nd quarter worth approximately $205,000. 75.91% of the stock is owned by hedge funds and other institutional investors.

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.