Honeywell International (NASDAQ:HON) Hits New 52-Week High – Should You Buy?

Honeywell International Inc. (NASDAQ:HON) reached a new 52-week high on Monday . The stock traded as high as $224.00 and last traded at $223.97, with a volume of 1516661 shares. The stock had previously closed at $219.49.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on HON shares. Citigroup reduced their target price on Honeywell International from $248.00 to $244.00 and set a “buy” rating on the stock in a report on Friday, October 25th. Robert W. Baird lowered Honeywell International from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $223.00 to $217.00 in a research note on Friday, October 25th. Baird R W downgraded shares of Honeywell International from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 25th. Barclays upped their target price on shares of Honeywell International from $229.00 to $252.00 and gave the stock an “overweight” rating in a research report on Wednesday. Finally, Morgan Stanley initiated coverage on Honeywell International in a research note on Friday, September 6th. They issued an “equal weight” rating and a $210.00 target price for the company. 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, the company has an average rating of “Hold” and an average target price of $240.55.

Honeywell International Stock Down 0.4 %

The company has a current ratio of 1.44, a quick ratio of 1.12 and a debt-to-equity ratio of 1.44. The firm’s 50 day moving average is $209.67 and its two-hundred day moving average is $207.16. The firm has a market cap of $151.55 billion, a P/E ratio of 27.02, a price-to-earnings-growth ratio of 2.78 and a beta of 1.03.

Honeywell International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be issued a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a dividend yield of 1.94%. The ex-dividend date is Friday, November 15th. This is a boost from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s payout ratio is 49.88%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. LGT Group Foundation acquired a new stake in Honeywell International in the 1st quarter valued at $26,000. Reston Wealth Management LLC acquired a new position in Honeywell International during the third quarter valued at approximately $29,000. Planning Capital Management Corp grew its stake in Honeywell International by 96.4% in the third quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock valued at $34,000 after purchasing an additional 81 shares in the last quarter. Financial Connections Group Inc. bought a new stake in shares of Honeywell International during the 2nd quarter worth approximately $38,000. Finally, Pathway Financial Advisers LLC acquired a new stake in shares of Honeywell International in the 1st quarter valued at approximately $39,000. 75.91% of the stock is currently owned by institutional investors.

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.