Honeywell International (NASDAQ:HON) Given New $252.00 Price Target at Barclays

Honeywell International (NASDAQ:HON) had its target price increased by Barclays from $229.00 to $252.00 in a research note issued to investors on Wednesday morning,Benzinga reports. They currently have an overweight rating on the conglomerate’s stock.

A number of other equities research analysts have also recently commented on the company. Royal Bank of Canada lifted their target price on Honeywell International from $213.00 to $253.00 and gave the stock a “sector perform” rating in a research note on Wednesday. JPMorgan Chase & Co. lowered 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. Morgan Stanley assumed coverage on shares of Honeywell International in a research report on Friday, September 6th. They set an “equal weight” rating and a $210.00 target price for the company. Wolfe Research cut shares of Honeywell International from an “outperform” rating to a “peer perform” rating in a report on Monday, October 28th. Finally, StockNews.com raised Honeywell International from a “hold” rating to a “buy” rating in a report on Sunday, November 3rd. Nine investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, Honeywell International presently has a consensus rating of “Hold” and a consensus price target of $241.45.

Honeywell International Stock Performance

Shares of Honeywell International stock opened at $228.99 on Wednesday. The business’s fifty day simple moving average is $211.39 and its 200 day simple moving average is $207.85. The company has a current ratio of 1.44, a quick ratio of 1.12 and a debt-to-equity ratio of 1.44. Honeywell International has a 12 month low of $189.66 and a 12 month high of $242.77. The firm has a market capitalization of $148.90 billion, a P/E ratio of 26.44, a price-to-earnings-growth ratio of 2.77 and a beta of 1.03.

Honeywell International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be issued 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 is Friday, November 15th. This represents a $4.52 dividend on an annualized basis and a yield of 1.97%. Honeywell International’s dividend payout ratio is 52.19%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Quent Capital LLC boosted its holdings in Honeywell International by 4.7% in the 1st quarter. Quent Capital LLC now owns 1,722 shares of the conglomerate’s stock valued at $353,000 after purchasing an additional 77 shares during the period. Kingsview Wealth Management LLC boosted its stake in Honeywell International by 2.0% during the first quarter. Kingsview Wealth Management LLC now owns 35,192 shares of the conglomerate’s stock valued at $7,223,000 after buying an additional 678 shares during the period. HBK Sorce Advisory LLC grew its position in Honeywell International by 1.0% during the first quarter. HBK Sorce Advisory LLC now owns 8,112 shares of the conglomerate’s stock worth $1,665,000 after buying an additional 82 shares in the last quarter. Leo Wealth LLC increased its stake in Honeywell International by 4.9% in the 1st quarter. Leo Wealth LLC now owns 4,438 shares of the conglomerate’s stock worth $908,000 after acquiring an additional 208 shares during the last quarter. Finally, GM Advisory Group LLC raised its holdings 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. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Honeywell International Company Profile

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.