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 research report sent to investors on Monday.

Several other brokerages have also recently weighed in on HON. Citigroup reduced their price target on shares of Honeywell International from $248.00 to $244.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. Barclays reduced their target price on shares of Honeywell International from $232.00 to $229.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. Baird R W downgraded shares of Honeywell International from a “strong-buy” rating to a “hold” rating in a report on Friday, October 25th. JPMorgan Chase & Co. reduced their price objective on Honeywell International from $235.00 to $233.00 and set a “neutral” rating on the stock in a research note on Friday, October 25th. Finally, Wells Fargo & Company upped their price objective on Honeywell International from $207.00 to $215.00 and gave the company an “equal weight” rating in a research report on Friday, October 25th. Ten equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Honeywell International currently has a consensus rating of “Hold” and a consensus target price of $223.73.

Honeywell International Stock Performance

NASDAQ:HON opened at $205.68 on Monday. The company has a market cap of $133.74 billion, a price-to-earnings ratio of 23.75, a PEG ratio of 2.45 and a beta of 1.03. Honeywell International has a 1 year low of $179.18 and a 1 year high of $222.98. The stock’s 50 day simple moving average is $207.82 and its two-hundred day simple moving average is $205.64. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.21 and a quick ratio of 0.91.

Honeywell International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be given a $1.13 dividend. This represents a $4.52 annualized dividend and a yield of 2.20%. The ex-dividend date is Friday, November 15th. This is an increase from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s dividend payout ratio is 52.19%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. LGT Group Foundation bought a new position in shares of Honeywell International during the 1st quarter worth $26,000. Reston Wealth Management LLC bought a new position in Honeywell International during the 3rd quarter worth about $29,000. Financial Connections Group Inc. purchased a new position in Honeywell International during the 2nd quarter valued at about $38,000. Pathway Financial Advisers LLC bought a new stake in shares of Honeywell International in the 1st quarter valued at about $39,000. Finally, TruNorth Capital Management LLC purchased a new stake in shares of Honeywell International in the 2nd quarter worth approximately $43,000. Hedge funds and other institutional investors own 75.91% of the company’s stock.

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.