Honeywell International’s (HON) Sector Perform Rating Reiterated at Royal Bank of Canada

Royal Bank of Canada reiterated their sector perform rating on shares of Honeywell International (NASDAQ:HON) in a report issued on Tuesday morning,Benzinga reports. Royal Bank of Canada currently has a $253.00 price target on the conglomerate’s stock.

A number of other equities analysts have also issued reports on the stock. Wells Fargo & Company boosted their target price on shares of Honeywell International from $215.00 to $254.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 13th. Wolfe Research lowered shares of Honeywell International from an “outperform” rating to a “peer perform” rating in a research report on Monday, October 28th. Morgan Stanley started 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. JPMorgan Chase & Co. dropped their target price 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. Finally, Citigroup dropped 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 analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $242.18.

Honeywell International Trading Down 1.5 %

Shares of HON stock opened at $226.29 on Tuesday. Honeywell International has a 1 year low of $189.66 and a 1 year high of $242.77. The firm’s fifty day simple moving average is $218.38 and its 200 day simple moving average is $210.59. The firm has a market capitalization of $147.15 billion, a P/E ratio of 26.13, a price-to-earnings-growth ratio of 2.83 and a beta of 1.05. 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 company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be paid a $1.13 dividend. This represents a $4.52 annualized dividend and a dividend yield of 2.00%. 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 payout ratio is currently 52.19%.

Institutional Investors Weigh In On Honeywell International

Several institutional investors and hedge funds have recently made changes to their positions in the company. State Street Corp boosted its stake in shares of Honeywell International by 0.3% in the 3rd quarter. State Street Corp now owns 31,026,897 shares of the conglomerate’s stock valued at $6,413,570,000 after purchasing an additional 92,112 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of Honeywell International by 8.4% in the 3rd quarter. Wellington Management Group LLP now owns 17,826,700 shares of the conglomerate’s stock valued at $3,684,957,000 after purchasing an additional 1,376,479 shares in the last quarter. Geode Capital Management LLC boosted 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 valued at $2,959,535,000 after purchasing an additional 547,998 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Honeywell International by 3.9% in the 2nd quarter. Ameriprise Financial Inc. now owns 8,365,840 shares of the conglomerate’s stock valued at $1,786,449,000 after purchasing an additional 310,807 shares in the last quarter. Finally, Legal & General Group Plc lifted its position in Honeywell International by 0.9% during the 2nd quarter. Legal & General Group Plc now owns 4,910,551 shares of the conglomerate’s stock worth $1,048,600,000 after buying an additional 42,305 shares in the last quarter. 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.