Paradoxiom Capital L.P. Purchases Shares of 24,986 Honeywell International Inc. (NASDAQ:HON)

Paradoxiom Capital L.P. acquired a new stake in shares of Honeywell International Inc. (NASDAQ:HON) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 24,986 shares of the conglomerate’s stock, valued at approximately $5,644,000. Honeywell International comprises about 2.3% of Paradoxiom Capital L.P.’s portfolio, making the stock its 23rd largest holding.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in Honeywell International by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 61,761,711 shares of the conglomerate’s stock worth $13,951,353,000 after buying an additional 380,299 shares in the last quarter. Geode Capital Management LLC raised its stake in Honeywell International by 4.4% in the fourth quarter. Geode Capital Management LLC now owns 14,988,152 shares of the conglomerate’s stock worth $3,379,568,000 after buying an additional 627,422 shares in the last quarter. Capital World Investors bought a new position in Honeywell International in the fourth quarter worth about $1,594,216,000. Bank of New York Mellon Corp raised its stake in Honeywell International by 10.3% in the fourth quarter. Bank of New York Mellon Corp now owns 6,763,764 shares of the conglomerate’s stock worth $1,527,867,000 after buying an additional 631,761 shares in the last quarter. Finally, Capital Research Global Investors raised its stake in Honeywell International by 5.5% in the fourth quarter. Capital Research Global Investors now owns 6,641,017 shares of the conglomerate’s stock worth $1,500,141,000 after buying an additional 346,190 shares in the last quarter. 75.91% of the stock is owned by institutional investors.

Honeywell International Price Performance

HON stock opened at $218.22 on Wednesday. Honeywell International Inc. has a 12 month low of $179.36 and a 12 month high of $242.77. The company has a current ratio of 1.31, a quick ratio of 1.01 and a debt-to-equity ratio of 1.33. The company has a 50-day moving average price of $205.60 and a 200 day moving average price of $215.44. The stock has a market cap of $140.25 billion, a PE ratio of 25.05, a P/E/G ratio of 2.51 and a beta of 1.07.

Honeywell International (NASDAQ:HON) last released its quarterly earnings results on Tuesday, April 29th. The conglomerate reported $2.51 EPS for the quarter, topping analysts’ consensus estimates 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 in the previous year, the company earned $2.25 EPS. The firm’s revenue for the quarter was up 7.9% compared to the same quarter last year. Equities research analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 16th will be paid a dividend of $1.13 per share. The ex-dividend date is Friday, May 16th. This represents a $4.52 annualized dividend and a dividend yield of 2.07%. Honeywell International’s dividend payout ratio (DPR) is presently 51.95%.

Analysts Set New Price Targets

HON has been the topic of a number of recent research reports. Morgan Stanley upped their price objective on shares of Honeywell International from $210.00 to $217.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 11th. Barclays cut their price objective on shares of Honeywell International from $247.00 to $243.00 and set an “overweight” rating on the stock in a report on Wednesday, April 30th. Bank of America upgraded shares of Honeywell International from a “neutral” rating to a “buy” rating and set a $250.00 price objective on the stock in a report on Wednesday, May 7th. Deutsche Bank Aktiengesellschaft upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and increased their price target for the company from $236.00 to $260.00 in a report on Friday, February 7th. Finally, Royal Bank of Canada increased their price target on shares of Honeywell International from $211.00 to $226.00 and gave the company a “sector perform” rating in a report on Wednesday, April 30th. Nine equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Honeywell International has a consensus rating of “Moderate Buy” and a consensus price target of $242.23.

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.