7,500 Shares in Honeywell International Inc. (NASDAQ:HON) Acquired by Paragon Associates & Paragon Associates II Joint Venture

Paragon Associates & Paragon Associates II Joint Venture purchased a new position in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 7,500 shares of the conglomerate's stock, valued at approximately $1,694,000. Honeywell International makes up about 3.9% of Paragon Associates & Paragon Associates II Joint Venture's investment portfolio, making the stock its 8th largest position.

Other institutional investors have also recently made changes to their positions in the company. Mainstream Capital Management LLC purchased a new stake in Honeywell International during the 4th quarter worth approximately $25,000. Avalon Trust Co grew its holdings in shares of Honeywell International by 166.7% during the fourth quarter. Avalon Trust Co now owns 120 shares of the conglomerate's stock valued at $27,000 after buying an additional 75 shares during the last quarter. Hoese & Co LLP acquired a new position in shares of Honeywell International in the 4th quarter valued at $30,000. Financial Avengers Inc. raised its stake in Honeywell International by 48.1% in 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, Curio Wealth LLC acquired a new stake in Honeywell International during the 4th quarter worth about $35,000. Institutional investors and hedge funds own 75.91% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on HON. Royal Bank of Canada reduced their price objective on Honeywell International from $253.00 to $236.00 and set a "sector perform" rating for the company in a research note on Friday, February 7th. StockNews.com downgraded shares of Honeywell International from a "buy" rating to a "hold" rating in a report on Monday, December 23rd. Jefferies Financial Group lifted their price objective on shares of Honeywell International from $220.00 to $260.00 and gave the company a "hold" rating in a research note on Tuesday, December 17th. The Goldman Sachs Group increased their price objective on shares of Honeywell International from $227.00 to $256.00 and gave the stock a "buy" rating in a research note on Thursday, December 12th. Finally, Barclays decreased their target price on shares of Honeywell International from $251.00 to $247.00 and set an "overweight" rating for the company in a research report on Wednesday, March 26th. Ten investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $249.08.

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Honeywell International Price Performance

HON traded down $15.69 during trading on Friday, hitting $190.99. The company's stock had a trading volume of 8,445,242 shares, compared to its average volume of 3,536,397. 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 firm has a market capitalization of $124.13 billion, a price-to-earnings ratio of 21.93, a P/E/G ratio of 2.51 and a beta of 1.08. The business's fifty day simple moving average is $211.63 and its 200 day simple moving average is $217.10. Honeywell International Inc. has a twelve month low of $189.75 and a twelve month high of $242.77.

Honeywell International (NASDAQ:HON - Get Free Report) last issued its quarterly 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%. On average, equities research analysts forecast that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a dividend of $1.13 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $4.52 annualized dividend and a yield of 2.37%. Honeywell International's dividend payout ratio (DPR) is currently 51.89%.

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 directly 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 filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.41% of the company's stock.

Honeywell International 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.