Honeywell International (NASDAQ:HON) Given New $253.00 Price Target at Royal Bank of Canada

Honeywell International (NASDAQ:HON) had its price target hoisted by Royal Bank of Canada from $213.00 to $253.00 in a research note issued to investors on Wednesday,Benzinga reports. Royal Bank of Canada currently has a sector perform rating on the conglomerate’s stock.

A number of other research analysts also recently issued reports on the stock. JPMorgan Chase & Co. reduced their price target 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. Barclays decreased their target price on Honeywell International from $232.00 to $229.00 and set an “overweight” rating for the company in a research note on Friday, October 25th. Wells Fargo & Company increased their price target on Honeywell International from $207.00 to $215.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th. Morgan Stanley started coverage on Honeywell International in a report on Friday, September 6th. They issued an “equal weight” rating and a $210.00 price target on the stock. Finally, Bank of America restated a “neutral” rating and set a $230.00 price objective (down from $250.00) on shares of Honeywell International in a research note on Thursday, October 24th. Nine analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, Honeywell International presently has a consensus rating of “Hold” and an average price target of $241.45.

Honeywell International Stock Performance

HON stock opened at $228.99 on Wednesday. The stock’s 50 day simple moving average is $211.39 and its 200 day simple moving average is $207.85. Honeywell International has a 12-month low of $189.66 and a 12-month high of $242.77. The firm has a market cap of $148.90 billion, a P/E ratio of 26.44, a P/E/G ratio of 2.77 and a beta of 1.03. 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 Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be paid 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 annualized dividend and a yield of 1.97%. Honeywell International’s dividend payout ratio (DPR) is presently 52.19%.

Institutional Investors Weigh In On Honeywell International

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HON. Geode Capital Management LLC raised its stake in shares of Honeywell International by 4.0% in the 3rd quarter. Geode Capital Management LLC now owns 14,360,730 shares of the conglomerate’s stock worth $2,959,535,000 after buying an additional 547,998 shares in the last quarter. M&T Bank Corp grew its holdings in Honeywell International by 1.1% during the third quarter. M&T Bank Corp now owns 298,210 shares of the conglomerate’s stock worth $61,643,000 after acquiring an additional 3,143 shares during the period. Executive Wealth Management LLC bought a new stake in Honeywell International in the third quarter worth about $234,000. Continuum Advisory LLC lifted its holdings in Honeywell International by 402.0% in the 3rd quarter. Continuum Advisory LLC now owns 502 shares of the conglomerate’s stock valued at $104,000 after acquiring an additional 402 shares during the last quarter. Finally, LRI Investments LLC boosted its position in shares of Honeywell International by 22.4% during the 3rd quarter. LRI Investments LLC now owns 8,644 shares of the conglomerate’s stock valued at $1,787,000 after purchasing an additional 1,584 shares in the last quarter. 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.