Triad Wealth Partners LLC Invests $549,000 in Honeywell International Inc. (NASDAQ:HON)

Triad Wealth Partners LLC purchased a new stake in shares of Honeywell International Inc. (NASDAQ:HON) during the 4th quarter, Holdings Channel reports. The fund purchased 2,430 shares of the conglomerate’s stock, valued at approximately $549,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. Teachers Insurance & Annuity Association of America acquired a new stake in shares of Honeywell International during the third quarter valued at about $25,000. Mainstream Capital Management LLC bought a new position in Honeywell International in the 4th quarter valued at approximately $25,000. Hoese & Co LLP acquired a new stake in Honeywell International during the 4th quarter worth approximately $30,000. Financial Avengers Inc. grew its holdings in Honeywell International by 48.1% during the 3rd quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate’s stock worth $32,000 after acquiring an additional 50 shares during the last quarter. Finally, Planning Capital Management Corp increased its position in Honeywell International by 96.4% in the 3rd quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock valued at $34,000 after acquiring an additional 81 shares during the period. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Honeywell International Stock Performance

NASDAQ HON opened at $208.00 on Wednesday. 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 fifty day simple moving average of $217.85 and a 200 day simple moving average of $216.14. Honeywell International Inc. has a 12-month low of $189.75 and a 12-month high of $242.77. The company has a market cap of $135.18 billion, a P/E ratio of 23.88, a PEG ratio of 2.51 and a beta of 1.05.

Honeywell International (NASDAQ:HON) last posted its earnings results on Thursday, February 6th. The conglomerate reported $2.47 EPS for the quarter, topping the consensus estimate of $2.37 by $0.10. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. Sell-side analysts predict that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be given a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date is Friday, February 28th. Honeywell International’s payout ratio is currently 51.89%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on HON shares. Hsbc Global Res raised shares of Honeywell International to a “strong-buy” rating in a research note on Wednesday, December 11th. Wells Fargo & Company decreased their price target on Honeywell International from $240.00 to $220.00 and set an “equal weight” rating for the company in a research note on Friday, February 7th. Barclays reduced their target price on Honeywell International from $260.00 to $251.00 and set an “overweight” rating on the stock in a report on Monday, February 10th. Deutsche Bank Aktiengesellschaft upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and boosted their price target for the stock from $236.00 to $260.00 in a research report on Friday, February 7th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Honeywell International from $233.00 to $231.00 and set a “neutral” rating for the company in a research report on Wednesday, January 15th. Ten investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Honeywell International presently has a consensus rating of “Moderate Buy” and a consensus target price of $248.71.

Insider Buying and Selling at Honeywell International

In other news, VP Anne T. Madden sold 28,885 shares of the stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $207.89, for a total value of $6,004,902.65. Following the completion of the sale, the vice president now owns 41,580 shares in the company, valued at $8,644,066.20. This represents a 40.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.41% of the company’s stock.

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.