Honeywell International Inc. $HON Shares Acquired by Choreo LLC

Choreo LLC increased its holdings in Honeywell International Inc. (NASDAQ:HON) by 9.7% during the second quarter, HoldingsChannel.com reports. The fund owned 27,489 shares of the conglomerate’s stock after buying an additional 2,431 shares during the period. Choreo LLC’s holdings in Honeywell International were worth $6,401,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of HON. Russell Investments Group Ltd. increased its stake in Honeywell International by 16.6% in the second quarter. Russell Investments Group Ltd. now owns 396,504 shares of the conglomerate’s stock valued at $92,315,000 after purchasing an additional 56,496 shares during the period. Boston Partners grew its holdings in shares of Honeywell International by 0.6% during the second quarter. Boston Partners now owns 2,908,310 shares of the conglomerate’s stock worth $675,394,000 after buying an additional 16,433 shares during the last quarter. J.W. Cole Advisors Inc. increased its position in Honeywell International by 42.8% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 36,251 shares of the conglomerate’s stock valued at $8,442,000 after acquiring an additional 10,870 shares during the period. Farmers National Bank raised its stake in Honeywell International by 0.9% during the 2nd quarter. Farmers National Bank now owns 32,465 shares of the conglomerate’s stock valued at $7,560,000 after acquiring an additional 280 shares during the last quarter. Finally, Manchester Capital Management LLC raised its stake in Honeywell International by 2.8% during the 2nd quarter. Manchester Capital Management LLC now owns 7,015 shares of the conglomerate’s stock valued at $1,634,000 after acquiring an additional 191 shares during the last quarter. Institutional investors and hedge funds own 75.91% of the company’s stock.

Honeywell International Stock Performance

NASDAQ:HON opened at $189.99 on Thursday. The firm’s fifty day simple moving average is $203.44 and its 200-day simple moving average is $216.87. The company has a quick ratio of 1.04, a current ratio of 1.36 and a debt-to-equity ratio of 1.70. The stock has a market cap of $120.62 billion, a PE ratio of 20.02, a price-to-earnings-growth ratio of 2.73 and a beta of 1.07. Honeywell International Inc. has a fifty-two week low of $169.21 and a fifty-two week high of $228.04.

Honeywell International (NASDAQ:HON) last released its quarterly earnings data on Monday, December 11th. The conglomerate reported $2.25 EPS for the quarter. Honeywell International had a net margin of 15.07% and a return on equity of 38.11%. The firm had revenue of $8.95 billion for the quarter. Honeywell International has set its Q4 2023 guidance at 2.530-2.630 EPS. FY 2023 guidance at 9.100-9.200 EPS. Analysts expect that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Friday, November 14th will be paid a $1.19 dividend. This represents a $4.76 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Friday, November 14th. This is an increase from Honeywell International’s previous quarterly dividend of $1.13. Honeywell International’s dividend payout ratio (DPR) is 50.16%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on HON shares. Argus dropped their target price on Honeywell International from $250.00 to $225.00 in a report on Friday, November 14th. Barclays boosted their price objective on shares of Honeywell International from $265.00 to $270.00 and gave the company an “overweight” rating in a research note on Friday, October 24th. Weiss Ratings restated a “hold (c+)” rating on shares of Honeywell International in a research note on Tuesday. Jefferies Financial Group lowered their target price on shares of Honeywell International from $230.00 to $220.00 in a report on Monday, November 3rd. Finally, Citigroup increased their price target on shares of Honeywell International from $251.56 to $267.00 and gave the stock a “buy” rating in a report on Tuesday, November 4th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $239.38.

About Honeywell International

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.