Choreo LLC Has $6.12 Million Stock Position in Honeywell International Inc. (NASDAQ:HON)

Choreo LLC lifted its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 255.3% during the second quarter, Holdings Channel.com reports. The firm owned 28,989 shares of the conglomerate’s stock after acquiring an additional 20,830 shares during the quarter. Choreo LLC’s holdings in Honeywell International were worth $6,124,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of HON. LGT Group Foundation bought a new position in Honeywell International during the 1st quarter worth approximately $26,000. Scarborough Advisors LLC bought a new position in Honeywell International during the fourth quarter worth $27,000. Richardson Capital Management LLC acquired a new position in Honeywell International in the first quarter valued at $35,000. Financial Connections Group Inc. bought a new stake in Honeywell International during the second quarter valued at $38,000. Finally, Pathway Financial Advisers LLC acquired a new stake in Honeywell International during the 1st quarter worth about $39,000. Institutional investors own 75.91% of the company’s stock.

Honeywell International Stock Up 1.5 %

HON opened at $201.16 on Tuesday. Honeywell International Inc. has a fifty-two week low of $174.88 and a fifty-two week 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 company’s 50-day moving average is $206.21 and its 200 day moving average is $203.19. The firm has a market capitalization of $130.69 billion, a P/E ratio of 23.31, a PEG ratio of 2.25 and a beta of 1.03.

Honeywell International (NASDAQ:HON) last posted its earnings results on Thursday, July 25th. The conglomerate reported $2.49 EPS for the quarter, topping the consensus estimate of $2.42 by $0.07. The firm had revenue of $9.58 billion for the quarter, compared to analysts’ expectations of $9.41 billion. Honeywell International had a net margin of 15.49% and a return on equity of 36.87%. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter last year, the firm earned $2.23 EPS. Research analysts expect that Honeywell International Inc. will post 10.12 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Friday, August 16th were paid a $1.08 dividend. The ex-dividend date of this dividend was Friday, August 16th. This represents a $4.32 dividend on an annualized basis and a yield of 2.15%. Honeywell International’s dividend payout ratio (DPR) is presently 50.06%.

Analysts Set New Price Targets

HON has been the topic of several recent analyst reports. Citigroup boosted their price target on Honeywell International from $243.00 to $244.00 and gave the company a “buy” rating in a research note on Tuesday, June 4th. Royal Bank of Canada cut 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 note on Friday, July 26th. UBS Group raised shares of Honeywell International from a “sell” rating to a “neutral” rating and lifted their price target for the company from $175.00 to $215.00 in a research note on Monday, June 10th. StockNews.com cut shares of Honeywell International from a “buy” rating to a “hold” rating in a research report on Friday, August 30th. Finally, Wells Fargo & Company decreased their target price on Honeywell International from $220.00 to $215.00 and set an “equal weight” rating for the company in a research report on Friday, July 26th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Honeywell International presently has an average rating of “Hold” and an average target price of $223.13.

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.