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

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

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Royal Bank of Canada raised their price target on Honeywell International from $213.00 to $253.00 and gave the company a “sector perform” rating in a research report on Wednesday. Wells Fargo & Company upped their target price on shares of Honeywell International from $215.00 to $254.00 and gave the company an “equal weight” rating in a report on Wednesday. Robert W. Baird downgraded shares of Honeywell International from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from $223.00 to $217.00 in a report on Friday, October 25th. Barclays raised 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, StockNews.com raised Honeywell International from a “hold” rating to a “buy” rating in a research note on Sunday, November 3rd. Nine research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Honeywell International presently has an average rating of “Hold” and an average price target of $240.55.

Honeywell International Stock Down 0.4 %

The company has a market capitalization of $151.55 billion, a price-to-earnings ratio of 27.02, a P/E/G ratio of 2.78 and a beta of 1.03. The stock’s fifty day simple moving average is $209.67 and its two-hundred day simple moving average is $207.16. 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 Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be given a $1.13 dividend. This is a positive change from Honeywell International’s previous quarterly dividend of $1.08. The ex-dividend date is Friday, November 15th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 1.94%. Honeywell International’s dividend payout ratio (DPR) is currently 49.88%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of HON. LGT Group Foundation acquired a new stake in Honeywell International during the first quarter worth $26,000. Reston Wealth Management LLC acquired a new stake in shares of Honeywell International during the 3rd quarter valued at about $29,000. Planning Capital Management Corp increased 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 acquiring an additional 81 shares during the period. Financial Connections Group Inc. acquired a new position in Honeywell International in the second quarter worth about $38,000. Finally, Pathway Financial Advisers LLC acquired a new stake in Honeywell International during the first quarter valued at approximately $39,000. Institutional investors and hedge funds 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.