Honeywell International Inc. (NASDAQ:HON) is included among the 10 Innovative Dividend Stocks to Buy Right Now.
Photo by Vitaly Taranov on Unsplash
On April 26, Jefferies lowered its price recommendation on Honeywell International Inc. (NASDAQ:HON) to $240 from $245. It reiterated a Hold rating on the shares. The firm said the Middle East war hurt the company’s sales in Q1.
On April 24, Barclays lowered its price goal on Honeywell to $243 from $255. It maintained an Overweight rating following the Q1 report. The firm said the company’s aerospace unit “has some work to do to win over the investment community.”
One of the company’s key innovations is the thermostatic expansion valve (TXV). This component is used in air conditioning and refrigeration systems. It regulates the flow of refrigerant and helps maintain proper temperature and pressure. That improves the overall efficiency of cooling systems.
Honeywell International Inc. (NASDAQ:HON) operates as an integrated company serving a wide range of industries and regions. Its portfolio is supported by the Honeywell Accelerator operating system and the Honeywell Forge platform.
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