Honeywell International (NASDAQ:HON) Price Target Raised to $258.00

Honeywell International (NASDAQ:HON) had its price objective upped by Barclays from $243.00 to $258.00 in a research report report published on Wednesday morning,Benzinga reports. They currently have an overweight rating on the conglomerate’s stock.

Several other research firms have also recently weighed in on HON. Citigroup increased their price target on shares of Honeywell International from $242.00 to $265.00 and gave the company a “buy” rating in a research note on Wednesday, June 4th. Mizuho increased their price target on shares of Honeywell International from $235.00 to $250.00 and gave the company an “outperform” rating in a research note on Friday, May 16th. Wall Street Zen upgraded shares of Honeywell International from a “hold” rating to a “buy” rating in a report on Thursday, May 15th. JPMorgan Chase & Co. upped their price objective on shares of Honeywell International from $182.00 to $217.00 and gave the stock a “neutral” rating in a report on Friday, May 16th. Finally, Bank of America upgraded shares of Honeywell International from a “neutral” rating to a “buy” rating and set a $250.00 price objective on the stock in a report on Wednesday, May 7th. Eight analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $249.21.

Honeywell International Stock Down 0.0%

Shares of NASDAQ HON opened at $221.80 on Wednesday. Honeywell International has a 12-month low of $179.36 and a 12-month high of $242.77. The stock has a market cap of $142.55 billion, a PE ratio of 25.49, a P/E/G ratio of 2.59 and a beta of 1.08. The company has a current ratio of 1.25, a quick ratio of 0.95 and a debt-to-equity ratio of 1.43. The company has a 50-day moving average of $216.12 and a 200 day moving average of $215.87.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings data on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.21 by $0.30. Honeywell International had a net margin of 14.51% and a return on equity of 36.19%. The company had revenue of $9.82 billion during the quarter, compared to analysts’ expectations of $9.59 billion. During the same quarter in the prior year, the company earned $2.25 EPS. Honeywell International’s revenue was up 7.9% compared to the same quarter last year. As a group, sell-side analysts predict that Honeywell International will post 10.34 EPS for the current fiscal year.

Honeywell International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 16th were issued a dividend of $1.13 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a $4.52 dividend on an annualized basis and a yield of 2.04%. Honeywell International’s dividend payout ratio (DPR) is presently 51.95%.

Institutional Investors Weigh In On Honeywell International

A number of hedge funds have recently added to or reduced their stakes in HON. Mainstream Capital Management LLC acquired a new stake in shares of Honeywell International in the 4th quarter valued at $25,000. Avalon Trust Co raised its holdings in shares of Honeywell International by 166.7% in the 4th quarter. Avalon Trust Co now owns 120 shares of the conglomerate’s stock valued at $27,000 after purchasing an additional 75 shares in the last quarter. Mpwm Advisory Solutions LLC acquired a new stake in shares of Honeywell International in the 4th quarter valued at $29,000. Pandora Wealth Inc. acquired a new stake in shares of Honeywell International in the 1st quarter valued at $33,000. Finally, Accredited Wealth Management LLC acquired a new stake in shares of Honeywell International in the 4th quarter valued at $34,000. 75.91% of the stock is currently owned by institutional investors and hedge funds.

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.