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

Choreo LLC lifted its stake in Honeywell International Inc. (NASDAQ:HON) by 255.3% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 28,989 shares of the conglomerate’s stock after purchasing an additional 20,830 shares during the period. Choreo LLC’s holdings in Honeywell International were worth $6,124,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in HON. Cypress Wealth Services LLC increased its position in Honeywell International by 2.5% during the 2nd quarter. Cypress Wealth Services LLC now owns 1,952 shares of the conglomerate’s stock worth $417,000 after buying an additional 47 shares during the period. Bard Financial Services Inc. raised its stake in Honeywell International by 0.3% in the 2nd quarter. Bard Financial Services Inc. now owns 17,594 shares of the conglomerate’s stock worth $3,757,000 after purchasing an additional 50 shares in the last quarter. Quent Capital LLC raised its stake in Honeywell International by 3.0% in the 2nd quarter. Quent Capital LLC now owns 1,773 shares of the conglomerate’s stock worth $379,000 after purchasing an additional 51 shares in the last quarter. Sivia Capital Partners LLC grew its position in shares of Honeywell International by 3.9% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,430 shares of the conglomerate’s stock worth $305,000 after purchasing an additional 54 shares in the last quarter. Finally, Analyst IMS Investment Management Services Ltd. increased its holdings in shares of Honeywell International by 3.7% during the fourth quarter. Analyst IMS Investment Management Services Ltd. now owns 1,535 shares of the conglomerate’s stock worth $322,000 after purchasing an additional 55 shares during the period. 75.91% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently issued reports on HON. StockNews.com cut Honeywell International from a “buy” rating to a “hold” rating in a research note on Friday, August 30th. Wells Fargo & Company reduced their target price on Honeywell International from $220.00 to $215.00 and set an “equal weight” rating on the stock in a report on Friday, July 26th. 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. Daiwa America upgraded shares of Honeywell International to a “moderate buy” rating in a research note on Wednesday, June 5th. Finally, Morgan Stanley initiated coverage on shares of Honeywell International in a research report on Friday. They issued an “equal weight” rating and a $210.00 target price for the company. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $223.13.

Honeywell International Stock Up 1.5 %

HON stock opened at $201.16 on Tuesday. The stock has a market capitalization of $130.69 billion, a P/E ratio of 23.31, a price-to-earnings-growth ratio of 2.25 and a beta of 1.03. The company has a current ratio of 1.21, a quick ratio of 0.91 and a debt-to-equity ratio of 1.19. The firm has a 50-day moving average price of $206.21 and a 200-day moving average price of $203.19. Honeywell International Inc. has a 12 month low of $174.88 and a 12 month high of $220.79.

Honeywell International (NASDAQ:HON) last issued its earnings results on Thursday, July 25th. The conglomerate reported $2.49 earnings per share for the quarter, beating 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 company’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter last year, the business posted $2.23 earnings per share. As a group, equities research analysts anticipate that Honeywell International Inc. will post 10.12 EPS for the current fiscal year.

Honeywell International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Friday, August 16th were issued 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 payout ratio is presently 50.06%.

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.