Triad Wealth Partners LLC Acquires 197 Shares of Honeywell International Inc. (NASDAQ:HON)

Triad Wealth Partners LLC increased its holdings in Honeywell International Inc. (NASDAQ:HON) by 12.2% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,818 shares of the conglomerate’s stock after buying an additional 197 shares during the period. Triad Wealth Partners LLC’s holdings in Honeywell International were worth $388,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. Torray Investment Partners LLC grew its position in shares of Honeywell International by 0.3% in the 4th quarter. Torray Investment Partners LLC now owns 58,708 shares of the conglomerate’s stock worth $12,312,000 after buying an additional 190 shares during the last quarter. Boyd Watterson Asset Management LLC OH boosted its stake in Honeywell International by 0.3% in the fourth quarter. Boyd Watterson Asset Management LLC OH now owns 26,817 shares of the conglomerate’s stock valued at $5,624,000 after acquiring an additional 89 shares in the last quarter. Adell Harriman & Carpenter Inc. grew its holdings in Honeywell International by 2.1% in the fourth quarter. Adell Harriman & Carpenter Inc. now owns 57,231 shares of the conglomerate’s stock worth $12,002,000 after purchasing an additional 1,189 shares during the last quarter. Connectus Wealth LLC increased its position in shares of Honeywell International by 2.2% during the fourth quarter. Connectus Wealth LLC now owns 224,661 shares of the conglomerate’s stock worth $47,128,000 after purchasing an additional 4,789 shares in the last quarter. Finally, HTLF Bank purchased a new stake in shares of Honeywell International during the 4th quarter valued at $1,166,000. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Honeywell International Stock Performance

HON traded up $0.04 during trading on Friday, reaching $198.50. 2,810,798 shares of the company’s stock were exchanged, compared to its average volume of 2,931,357. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.21 and a quick ratio of 0.91. Honeywell International Inc. has a 1 year low of $174.88 and a 1 year high of $220.79. The company’s fifty day simple moving average is $209.04 and its 200-day simple moving average is $202.41. The stock has a market capitalization of $129.26 billion, a P/E ratio of 23.00, a price-to-earnings-growth ratio of 2.32 and a beta of 1.04.

Honeywell International (NASDAQ:HON) last released its quarterly earnings data on Thursday, July 25th. The conglomerate reported $2.49 earnings per share for the quarter, topping analysts’ consensus estimates of $2.42 by $0.07. The firm had revenue of $9.58 billion for the quarter, compared to analyst estimates of $9.41 billion. Honeywell International had a net margin of 15.49% and a return on equity of 36.87%. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.23 earnings per share. As a group, research analysts predict that Honeywell International Inc. will post 10.14 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Stockholders of record on Friday, August 16th will be paid a $1.08 dividend. The ex-dividend date is Friday, August 16th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 2.18%. Honeywell International’s payout ratio is 50.06%.

Analyst Ratings Changes

Several research analysts recently weighed in on HON shares. Wells Fargo & Company dropped their target price on Honeywell International from $220.00 to $215.00 and set an “equal weight” rating on the stock in a research note on Friday, July 26th. StockNews.com upgraded Honeywell International from a “hold” rating to a “buy” rating in a research note on Friday. Citigroup increased their price objective on shares of Honeywell International from $243.00 to $244.00 and gave the company a “buy” rating in a research report on Tuesday, June 4th. Royal Bank of Canada dropped their target price on shares of Honeywell International from $218.00 to $214.00 and set a “sector perform” rating on the stock in a research report on Friday, July 26th. Finally, Daiwa America raised shares of Honeywell International to a “moderate buy” rating in a report on Wednesday, June 5th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $225.00.

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.