Paradigm Asset Management Co. LLC Buys 3,200 Shares of Honeywell International Inc. $HON

Paradigm Asset Management Co. LLC grew its position in shares of Honeywell International Inc. (NASDAQ:HON) by 148.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,357 shares of the conglomerate’s stock after acquiring an additional 3,200 shares during the quarter. Paradigm Asset Management Co. LLC’s holdings in Honeywell International were worth $1,248,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in HON. Chung Wu Investment Group LLC purchased a new position in Honeywell International during the second quarter worth about $26,000. Pandora Wealth Inc. purchased a new position in shares of Honeywell International in the 1st quarter worth approximately $33,000. RMG Wealth Management LLC purchased a new position in shares of Honeywell International in the 2nd quarter worth approximately $33,000. Activest Wealth Management grew its holdings in shares of Honeywell International by 425.9% in the second quarter. Activest Wealth Management now owns 142 shares of the conglomerate’s stock valued at $33,000 after acquiring an additional 115 shares in the last quarter. Finally, 1248 Management LLC purchased a new stake in shares of Honeywell International during the first quarter valued at approximately $38,000. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Insider Buying and Selling

In other Honeywell International news, CEO Lucian Boldea sold 42,149 shares of the business’s stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $221.58, for a total value of $9,339,375.42. Following the completion of the transaction, the chief executive officer owned 10,334 shares of the company’s stock, valued at $2,289,807.72. The trade was a 80.31% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.20% of the stock is currently owned by corporate insiders.

Honeywell International Trading Down 0.9%

Shares of HON opened at $194.07 on Friday. The business’s 50-day moving average price is $208.63 and its 200-day moving average price is $218.04. The company has a quick ratio of 1.04, a current ratio of 1.36 and a debt-to-equity ratio of 1.70. Honeywell International Inc. has a twelve month low of $179.36 and a twelve month high of $242.77. The stock has a market cap of $123.21 billion, a PE ratio of 20.45, a P/E/G ratio of 2.73 and a beta of 1.07.

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

Honeywell International Increases Dividend

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

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Barclays upped their price objective on Honeywell International from $265.00 to $270.00 and gave the company an “overweight” rating in a research note on Friday, October 24th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Honeywell International from $271.00 to $265.00 and set a “buy” rating on the stock in a report on Friday, October 24th. Royal Bank Of Canada upgraded shares of Honeywell International from a “sector perform” rating to an “outperform” rating and lifted their target price for the stock from $235.00 to $253.00 in a research note on Monday, October 27th. Citigroup boosted their price target on shares of Honeywell International from $251.56 to $267.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, Rothschild & Co Redburn cut their price objective on shares of Honeywell International from $240.00 to $222.00 and set a “neutral” rating for the company in a report on Monday, October 27th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $249.63.

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.