Honeywell International’s (HON) Buy Rating Reaffirmed at UBS Group

UBS Group reissued their buy rating on shares of Honeywell International (NASDAQ:HON) in a research report report published on Wednesday morning,Benzinga reports. UBS Group currently has a $298.00 target price on the conglomerate’s stock, up from their previous target price of $215.00.

A number of other equities research analysts also recently weighed in on HON. Morgan Stanley initiated coverage on shares of Honeywell International in a research note on Friday, September 6th. They issued an “equal weight” rating and a $210.00 price target on the stock. Robert W. Baird cut 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 note on Friday, October 25th. JPMorgan Chase & Co. dropped their price target on Honeywell International from $235.00 to $233.00 and set a “neutral” rating for the company in a research note on Friday, October 25th. Wells Fargo & Company upped their price objective on Honeywell International from $215.00 to $254.00 and gave the company an “equal weight” rating in a research note on Wednesday. Finally, Citigroup cut their target price on shares of Honeywell International from $248.00 to $244.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. Nine investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, Honeywell International has an average rating of “Hold” and an average target price of $241.45.

Honeywell International Price Performance

Honeywell International stock opened at $233.40 on Wednesday. The stock has a fifty day moving average of $210.22 and a 200-day moving average of $207.34. The stock has a market capitalization of $151.77 billion, a P/E ratio of 26.91, a price-to-earnings-growth ratio of 2.78 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 has a 52 week low of $188.78 and a 52 week high of $242.77.

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 represents a $4.52 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date is Friday, November 15th. This is an increase from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s dividend payout ratio (DPR) is 49.88%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. EP Wealth Advisors LLC raised its position in Honeywell International by 4.4% during the second quarter. EP Wealth Advisors LLC now owns 337,380 shares of the conglomerate’s stock valued at $72,044,000 after purchasing an additional 14,271 shares in the last quarter. SteelPeak Wealth LLC lifted its position in Honeywell International by 255.2% in the 3rd quarter. SteelPeak Wealth LLC now owns 73,529 shares of the conglomerate’s stock worth $15,199,000 after buying an additional 52,830 shares during the last quarter. Los Angeles Capital Management LLC lifted its position in Honeywell International by 24.5% in the 3rd quarter. Los Angeles Capital Management LLC now owns 29,213 shares of the conglomerate’s stock worth $6,039,000 after buying an additional 5,750 shares during the last quarter. Asset Management One Co. Ltd. grew its position in Honeywell International by 2.6% during the third quarter. Asset Management One Co. Ltd. now owns 346,469 shares of the conglomerate’s stock valued at $71,619,000 after acquiring an additional 8,687 shares during the last quarter. Finally, Principal Financial Group Inc. raised its stake in shares of Honeywell International by 3.7% during the third quarter. Principal Financial Group Inc. now owns 797,426 shares of the conglomerate’s stock worth $164,836,000 after acquiring an additional 28,812 shares in the last quarter. Institutional investors 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.