Paladin Wealth LLC Invests $150,000 in Honeywell International Inc. (NASDAQ:HON)

Paladin Wealth LLC purchased a new stake in Honeywell International Inc. (NASDAQ:HON) during the third quarter, Holdings Channel.com reports. The firm purchased 724 shares of the conglomerate’s stock, valued at approximately $150,000.

Several other hedge funds have also modified their holdings of HON. LGT Group Foundation purchased a new position in shares of Honeywell International during the 1st quarter valued at approximately $26,000. Scarborough Advisors LLC purchased a new stake in shares of Honeywell International during the fourth quarter worth approximately $27,000. Richardson Capital Management LLC acquired a new stake in shares of Honeywell International in the 1st quarter valued at $35,000. Financial Connections Group Inc. acquired a new position in Honeywell International in the second quarter valued at approximately $38,000. Finally, Pathway Financial Advisers LLC purchased a new position in shares of Honeywell International in the 1st quarter valued at $39,000. 75.91% of the stock is owned by hedge funds and other institutional investors.

Honeywell International Stock Performance

Shares of NASDAQ:HON opened at $217.60 on Tuesday. The firm has a market capitalization of $141.70 billion, a PE ratio of 25.21, a P/E/G ratio of 2.45 and a beta of 1.03. Honeywell International Inc. has a 12 month low of $174.88 and a 12 month high of $220.79. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.21 and a quick ratio of 0.91. The business has a 50-day moving average of $203.87 and a two-hundred day moving average of $204.32.

Honeywell International (NASDAQ:HON) last released its quarterly earnings data on Thursday, July 25th. The conglomerate reported $2.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.42 by $0.07. Honeywell International had a net margin of 15.49% and a return on equity of 36.87%. The company had revenue of $9.58 billion during the quarter, compared to the consensus estimate of $9.41 billion. During the same period in the previous year, the firm earned $2.23 earnings per share. Honeywell International’s revenue for the quarter was up 4.7% on a year-over-year basis. As a group, research analysts forecast that Honeywell International Inc. will post 10.1 earnings per share for the current year.

Honeywell International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be given a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.08%. This is a positive change from Honeywell International’s previous quarterly dividend of $1.08. The ex-dividend date is Friday, November 15th. Honeywell International’s dividend payout ratio is presently 52.38%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. JPMorgan Chase & Co. cut Honeywell International from an “overweight” rating to a “neutral” rating and boosted their price objective for the company from $225.00 to $235.00 in a research note on Thursday, October 10th. StockNews.com cut Honeywell International from a “buy” rating to a “hold” rating in a research report on Friday, August 30th. Wells Fargo & Company decreased their price target on Honeywell International from $215.00 to $207.00 and set an “equal weight” rating on the stock in a research note on Monday, October 7th. Morgan Stanley began coverage on shares of Honeywell International in a report on Friday, September 6th. They set an “equal weight” rating and a $210.00 target price for the company. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $214.00 price objective on shares of Honeywell International in a research report on Thursday, September 26th. Seven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Honeywell International presently has an average rating of “Hold” and a consensus target price of $223.56.

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.