Honeywell International (NASDAQ:HON) Price Target Raised to $240.00 at Bank of America

Honeywell International (NASDAQ:HON) had its price target upped by Bank of America from $220.00 to $240.00 in a research note issued to investors on Thursday morning,Benzinga reports. Bank of America currently has a neutral rating on the conglomerate’s stock.

HON has been the topic of a number of other reports. JPMorgan Chase & Co. decreased their price target 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. StockNews.com upgraded shares of Honeywell International from a “hold” rating to a “buy” rating in a research report on Sunday, November 3rd. UBS Group restated a “buy” rating and set a $298.00 target price (up from $215.00) on shares of Honeywell International in a research report on Wednesday. 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 on the stock. Finally, Robert W. Baird lowered shares of Honeywell International from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $223.00 to $217.00 in a research report on Friday, October 25th. Nine investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $241.45.

Honeywell International Stock Performance

NASDAQ:HON traded down $0.55 during mid-day trading on Thursday, reaching $228.99. The stock had a trading volume of 3,669,506 shares, compared to its average volume of 3,097,093. Honeywell International has a twelve month low of $189.66 and a twelve month high of $242.77. The business has a 50 day simple moving average of $210.77 and a 200 day simple moving average of $207.50. The firm has a market capitalization of $148.90 billion, a price-to-earnings ratio of 26.62, a PEG ratio of 2.77 and a beta of 1.03. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.12 and a current ratio of 1.44.

Honeywell International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be given a $1.13 dividend. The ex-dividend date is Friday, November 15th. This is a positive change from Honeywell International’s previous quarterly dividend of $1.08. This represents a $4.52 annualized dividend and a dividend yield of 1.97%. Honeywell International’s payout ratio is currently 49.88%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Teachers Insurance & Annuity Association of America acquired a new position in Honeywell International in the 3rd quarter valued at about $25,000. LGT Group Foundation acquired a new position in Honeywell International in the 1st quarter valued at about $26,000. Reston Wealth Management LLC acquired a new position in Honeywell International in the 3rd quarter valued at about $29,000. Planning Capital Management Corp raised its stake in Honeywell International by 96.4% in the 3rd quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock valued at $34,000 after purchasing an additional 81 shares during the last quarter. Finally, Financial Connections Group Inc. acquired a new position in Honeywell International in the 2nd quarter valued at about $38,000. Institutional investors and hedge funds 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.