Honeywell International Inc. $HON Stock Position Raised by Choreo LLC

Choreo LLC lifted its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 11.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,744 shares of the conglomerate’s stock after acquiring an additional 3,152 shares during the quarter. Choreo LLC’s holdings in Honeywell International were worth $6,037,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of HON. Holos Integrated Wealth LLC purchased a new stake in shares of Honeywell International in the fourth quarter valued at $25,000. Barnes Dennig Private Wealth Management LLC lifted its holdings in shares of Honeywell International by 491.7% in the third quarter. Barnes Dennig Private Wealth Management LLC now owns 142 shares of the conglomerate’s stock valued at $30,000 after purchasing an additional 118 shares in the last quarter. JPL Wealth Management LLC purchased a new stake in shares of Honeywell International in the third quarter valued at $31,000. Cedar Mountain Advisors LLC lifted its holdings in shares of Honeywell International by 116.7% in the third quarter. Cedar Mountain Advisors LLC now owns 156 shares of the conglomerate’s stock valued at $33,000 after purchasing an additional 84 shares in the last quarter. Finally, Strive Asset Management LLC purchased a new stake in shares of Honeywell International in the third quarter valued at $33,000. 75.91% of the stock is owned by institutional investors.

Honeywell International Price Performance

HON opened at $235.11 on Monday. The stock has a market cap of $149.45 billion, a price-to-earnings ratio of 29.42, a PEG ratio of 3.40 and a beta of 0.93. Honeywell International Inc. has a 1 year low of $180.75 and a 1 year high of $248.18. The company has a current ratio of 1.30, a quick ratio of 1.03 and a debt-to-equity ratio of 1.81. The stock has a fifty day moving average price of $235.02 and a 200 day moving average price of $214.30.

Honeywell International (NASDAQ:HON) last released its quarterly earnings data on Thursday, January 29th. The conglomerate reported $2.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.54 by $0.05. The firm had revenue of $10.07 billion during the quarter, compared to analysts’ expectations of $9.60 billion. Honeywell International had a return on equity of 40.64% and a net margin of 12.74%.The business’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter last year, the firm earned $2.47 earnings per share. Analysts forecast that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Friday, February 27th were given a dividend of $1.19 per share. The ex-dividend date of this dividend was Friday, February 27th. This represents a $4.76 dividend on an annualized basis and a yield of 2.0%. Honeywell International’s dividend payout ratio (DPR) is presently 59.57%.

Analysts Set New Price Targets

HON has been the subject of a number of research analyst reports. Citigroup increased their target price on Honeywell International from $262.00 to $265.00 and gave the company a “buy” rating in a report on Friday, January 30th. Daiwa Securities Group increased their target price on Honeywell International from $230.00 to $240.00 in a report on Tuesday, February 3rd. Jefferies Financial Group increased their target price on Honeywell International from $240.00 to $245.00 and gave the company a “hold” rating in a report on Wednesday, March 4th. Sanford C. Bernstein set a $255.00 target price on Honeywell International in a report on Friday, January 16th. Finally, Royal Bank Of Canada increased their target price on Honeywell International from $249.00 to $268.00 and gave the company an “outperform” rating in a report on Friday, January 30th. Fourteen investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $251.83.

Insiders Place Their Bets

In other Honeywell International news, VP Robert D. Mailloux sold 5,274 shares of the stock in a transaction on Friday, February 6th. The shares were sold at an average price of $239.00, for a total transaction of $1,260,486.00. Following the transaction, the vice president directly owned 4,803 shares of the company’s stock, valued at $1,147,917. This represents a 52.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director D Scott Davis sold 2,367 shares of the stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $240.00, for a total transaction of $568,080.00. Following the transaction, the director directly owned 31,081 shares in the company, valued at $7,459,440. The trade was a 7.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 18,190 shares of company stock valued at $4,244,287. Insiders own 0.41% of the company’s stock.

Honeywell International Profile

Honeywell International Inc is a diversified, publicly traded multinational conglomerate (NASDAQ: HON) that designs and manufactures a wide range of commercial and consumer products, engineering services and aerospace systems. The company operates through major business platforms that historically include Aerospace; Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. Its portfolio spans avionics and propulsion systems, building controls and HVAC equipment, process technologies and advanced materials, industrial automation software, and personal protective equipment and scanning solutions.

Honeywell’s aerospace business supplies aircraft manufacturers and operators with engines and auxiliary power units, avionics, flight safety systems and aftermarket services.