Honeywell International (NASDAQ:HON) Cut to “Hold” at StockNews.com

StockNews.com downgraded shares of Honeywell International (NASDAQ:HON) from a buy rating to a hold rating in a research note issued to investors on Monday.

Other equities analysts have also issued reports about the stock. Robert W. Baird lowered shares of Honeywell International from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $223.00 to $217.00 in a research report on Friday, October 25th. Wells Fargo & Company lifted their price objective on Honeywell International from $215.00 to $254.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 13th. Hsbc Global Res raised shares of Honeywell International to a “strong-buy” rating in a research report on Wednesday, December 11th. Baird R W cut Honeywell International from a “strong-buy” rating to a “hold” rating in a report on Friday, October 25th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $253.00 target price on shares of Honeywell International in a research note on Tuesday, December 3rd. Eleven analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $249.57.

Honeywell International Stock Performance

Shares of Honeywell International stock opened at $228.90 on Monday. The firm’s 50 day moving average is $223.43 and its two-hundred day moving average is $213.04. Honeywell International has a 52 week low of $189.66 and a 52 week 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. The firm has a market capitalization of $148.84 billion, a P/E ratio of 26.43, a P/E/G ratio of 2.85 and a beta of 1.05.

Honeywell International Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Stockholders 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. This represents a $4.52 annualized dividend and a dividend yield of 1.97%. The ex-dividend date of this dividend was Friday, November 15th. Honeywell International’s dividend payout ratio is currently 52.19%.

Hedge Funds Weigh In On Honeywell International

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. RIA Advisory Group LLC acquired a new stake in shares of Honeywell International in the third quarter valued at approximately $6,124,000. Copley Financial Group Inc. acquired a new stake in Honeywell International during the 3rd quarter valued at approximately $454,000. EP Wealth Advisors LLC boosted its position in Honeywell International by 4.4% during the second quarter. EP Wealth Advisors LLC now owns 337,380 shares of the conglomerate’s stock valued at $72,044,000 after acquiring an additional 14,271 shares during the last quarter. Rockefeller Capital Management L.P. increased its stake in shares of Honeywell International by 2.0% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 639,341 shares of the conglomerate’s stock valued at $132,155,000 after acquiring an additional 12,755 shares in the last quarter. Finally, SteelPeak Wealth LLC raised its stake in Honeywell International by 255.2% during the 3rd quarter. SteelPeak Wealth LLC now owns 73,529 shares of the conglomerate’s stock worth $15,199,000 after buying an additional 52,830 shares during the period. 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.