Barclays Issues Positive Forecast for Honeywell International (NASDAQ:HON) Stock Price

Honeywell International (NASDAQ:HON) had its price objective upped by Barclays from $229.00 to $252.00 in a report published on Wednesday,Benzinga reports. They currently have an overweight rating on the conglomerate’s stock.

Several other research analysts have also recently weighed in on the stock. Wolfe Research cut shares of Honeywell International from an “outperform” rating to a “peer perform” rating in a report on Monday, October 28th. Bank of America restated a “neutral” rating and set a $230.00 target price (down previously from $250.00) on shares of Honeywell International in a report on Thursday, October 24th. Citigroup cut their price target on shares of Honeywell International from $248.00 to $244.00 and set a “buy” rating for the company in a research note on Friday, October 25th. JPMorgan Chase & Co. dropped their price objective on shares of Honeywell International from $235.00 to $233.00 and set a “neutral” rating on the stock in a research report on Friday, October 25th. Finally, Morgan Stanley began coverage on shares of Honeywell International in a research report on Friday, September 6th. They issued an “equal weight” rating and a $210.00 price objective on the stock. Nine research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $241.45.

Honeywell International Stock Down 0.2 %

Shares of NASDAQ:HON opened at $228.99 on Wednesday. Honeywell International has a 52 week low of $189.66 and a 52 week high of $242.77. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.12 and a current ratio of 1.44. The company has a market capitalization of $148.90 billion, a PE ratio of 26.44, a PEG ratio of 2.77 and a beta of 1.03. The company has a 50 day moving average price of $211.39 and a two-hundred day moving average price of $207.74.

Honeywell International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be paid a $1.13 dividend. This is an increase from Honeywell International’s previous quarterly dividend of $1.08. This represents a $4.52 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date is Friday, November 15th. Honeywell International’s dividend payout ratio (DPR) is presently 49.88%.

Institutional Investors Weigh In On Honeywell International

A number of hedge funds have recently made changes to their positions in the stock. Quent Capital LLC boosted its position in Honeywell International by 4.7% during the 1st quarter. Quent Capital LLC now owns 1,722 shares of the conglomerate’s stock worth $353,000 after buying an additional 77 shares during the period. Kingsview Wealth Management LLC raised its holdings in Honeywell International by 2.0% during the 1st quarter. Kingsview Wealth Management LLC now owns 35,192 shares of the conglomerate’s stock worth $7,223,000 after purchasing an additional 678 shares during the last quarter. HBK Sorce Advisory LLC increased its stake in shares of Honeywell International by 1.0% in the 1st quarter. HBK Sorce Advisory LLC now owns 8,112 shares of the conglomerate’s stock valued at $1,665,000 after acquiring an additional 82 shares in the last quarter. Leo Wealth LLC increased its stake in shares of Honeywell International by 4.9% in the 1st quarter. Leo Wealth LLC now owns 4,438 shares of the conglomerate’s stock valued at $908,000 after acquiring an additional 208 shares in the last quarter. Finally, GM Advisory Group LLC increased its stake in shares of Honeywell International by 2.4% in the 1st quarter. GM Advisory Group LLC now owns 5,826 shares of the conglomerate’s stock valued at $1,196,000 after acquiring an additional 139 shares in 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.