Paradoxiom Capital L.P. purchased a new position in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 24,986 shares of the conglomerate's stock, valued at approximately $5,644,000. Honeywell International accounts for 2.3% of Paradoxiom Capital L.P.'s investment portfolio, making the stock its 23rd largest holding.
A number of other hedge funds also recently modified their holdings of HON. Mainstream Capital Management LLC acquired a new position in Honeywell International in the fourth quarter valued at $25,000. Avalon Trust Co increased its position in shares of Honeywell International by 166.7% during the fourth quarter. Avalon Trust Co now owns 120 shares of the conglomerate's stock worth $27,000 after acquiring an additional 75 shares in the last quarter. Hoese & Co LLP bought a new stake in shares of Honeywell International during the fourth quarter worth about $30,000. Accredited Wealth Management LLC bought a new stake in shares of Honeywell International during the fourth quarter worth about $34,000. Finally, Curio Wealth LLC purchased a new position in Honeywell International during the fourth quarter worth about $35,000. Institutional investors and hedge funds own 75.91% of the company's stock.
Honeywell International Trading Up 0.3%
Shares of NASDAQ:HON traded up $0.59 on Friday, hitting $222.88. The company had a trading volume of 2,895,038 shares, compared to its average volume of 3,764,659. The firm's 50-day simple moving average is $206.11 and its two-hundred day simple moving average is $215.68. Honeywell International Inc. has a 1 year low of $179.36 and a 1 year high of $242.77. The company has a quick ratio of 1.01, a current ratio of 1.31 and a debt-to-equity ratio of 1.33. The firm has a market capitalization of $143.24 billion, a price-to-earnings ratio of 25.59, a P/E/G ratio of 2.51 and a beta of 1.07.
Honeywell International (NASDAQ:HON - Get Free Report) last posted its earnings results on Tuesday, April 29th. The conglomerate reported $2.51 EPS for the quarter, topping the consensus estimate of $2.21 by $0.30. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. The firm had revenue of $9.82 billion during the quarter, compared to analysts' expectations of $9.59 billion. During the same period last year, the company posted $2.25 EPS. The company's quarterly revenue was up 7.9% compared to the same quarter last year. Equities analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.
Honeywell International Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 16th will be paid a $1.13 dividend. The ex-dividend date is Friday, May 16th. This represents a $4.52 annualized dividend and a dividend yield of 2.03%. Honeywell International's payout ratio is 51.95%.
Analyst Upgrades and Downgrades
Several research analysts recently weighed in on HON shares. Bank of America upgraded shares of Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 price target on the stock in a report on Wednesday, May 7th. StockNews.com upgraded shares of Honeywell International from a "hold" rating to a "buy" rating in a research note on Thursday. JPMorgan Chase & Co. upped their target price on shares of Honeywell International from $182.00 to $217.00 and gave the stock a "neutral" rating in a report on Friday. Citigroup decreased their price target on shares of Honeywell International from $253.00 to $229.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Honeywell International from a "hold" rating to a "buy" rating and increased their target price for the company from $236.00 to $260.00 in a report on Friday, February 7th. Eight equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Honeywell International presently has a consensus rating of "Moderate Buy" and an average price target of $245.23.
View Our Latest Report on HON
About Honeywell International
(
Free Report)
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.
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