Brokerages Set Honeywell International Inc. (NASDAQ:HON) Price Target at $236.71

Shares of Honeywell International Inc. (NASDAQ:HON) have earned an average recommendation of “Hold” from the nineteen research firms that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $236.7059.

Several equities analysts recently weighed in on HON shares. Citigroup boosted their target price on shares of Honeywell International from $251.56 to $267.00 and gave the stock a “buy” rating in a research report on Tuesday, November 4th. Jefferies Financial Group dropped their price objective on shares of Honeywell International from $230.00 to $220.00 in a report on Monday, November 3rd. JPMorgan Chase & Co. increased their target price on shares of Honeywell International from $212.00 to $218.00 and gave the company a “neutral” rating in a research note on Friday, October 24th. Wells Fargo & Company decreased their target price on Honeywell International from $230.00 to $218.00 and set an “equal weight” rating on the stock in a research report on Friday, November 14th. Finally, Robert W. Baird lowered their price target on Honeywell International from $250.00 to $220.00 and set a “neutral” rating on the stock in a research note on Monday, October 13th.

Honeywell International Trading Down 0.5%

NASDAQ:HON opened at $191.33 on Friday. The stock has a fifty day simple moving average of $201.03 and a 200 day simple moving average of $215.37. The company has a quick ratio of 1.04, a current ratio of 1.36 and a debt-to-equity ratio of 1.70. The firm has a market capitalization of $121.47 billion, a price-to-earnings ratio of 20.16, a price-to-earnings-growth ratio of 2.59 and a beta of 0.96. Honeywell International has a 1-year low of $169.21 and a 1-year high of $228.04.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings data on Monday, December 11th. The conglomerate reported $2.25 EPS for the quarter. Honeywell International had a return on equity of 38.11% and a net margin of 15.07%.The firm had revenue of $8.95 billion during the quarter. Honeywell International has set its Q4 2023 guidance at 2.530-2.630 EPS and its FY 2023 guidance at 9.100-9.200 EPS. Sell-side analysts forecast that Honeywell International will post 10.34 earnings per share for the current year.

Honeywell International Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 5th. Stockholders of record on Friday, November 14th were given a dividend of $1.19 per share. This is an increase from Honeywell International’s previous quarterly dividend of $1.13. The ex-dividend date was Friday, November 14th. This represents a $4.76 annualized dividend and a dividend yield of 2.5%. Honeywell International’s dividend payout ratio (DPR) is presently 50.16%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Triton Financial Group Inc acquired a new stake in shares of Honeywell International during the second quarter worth $1,001,000. Amundi raised its stake in shares of Honeywell International by 30.2% in the 1st quarter. Amundi now owns 519,882 shares of the conglomerate’s stock valued at $107,450,000 after purchasing an additional 120,706 shares during the period. Managed Asset Portfolios LLC lifted its holdings in shares of Honeywell International by 2.3% in the second quarter. Managed Asset Portfolios LLC now owns 95,833 shares of the conglomerate’s stock valued at $22,317,000 after purchasing an additional 2,154 shares in the last quarter. Baxter Bros Inc. boosted its position in shares of Honeywell International by 14.6% during the second quarter. Baxter Bros Inc. now owns 35,733 shares of the conglomerate’s stock worth $8,321,000 after buying an additional 4,543 shares during the period. Finally, Integrated Wealth Concepts LLC grew its holdings in shares of Honeywell International by 11.4% during the first quarter. Integrated Wealth Concepts LLC now owns 28,502 shares of the conglomerate’s stock worth $6,035,000 after buying an additional 2,915 shares in the last quarter. 75.91% of the stock is 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.