3Chopt Investment Partners LLC Buys New Shares in Honeywell International Inc. (NASDAQ:HON)

3Chopt Investment Partners LLC bought a new stake in shares of Honeywell International Inc. (NASDAQ:HON) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,941 shares of the conglomerate’s stock, valued at approximately $628,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. LGT Group Foundation acquired a new position in Honeywell International in the 1st quarter worth approximately $26,000. Scarborough Advisors LLC acquired a new position in Honeywell International in the 4th quarter worth approximately $27,000. Richardson Capital Management LLC acquired a new position in Honeywell International in the 1st quarter worth approximately $35,000. Financial Connections Group Inc. acquired a new position in Honeywell International in the 2nd quarter worth approximately $38,000. Finally, Pathway Financial Advisers LLC acquired a new position in Honeywell International in the 1st quarter worth approximately $39,000. 75.91% of the stock is owned by institutional investors and hedge funds.

Honeywell International Stock Down 0.4 %

Honeywell International stock opened at $206.71 on Tuesday. The company has a market capitalization of $134.61 billion, a P/E ratio of 23.95, a P/E/G ratio of 2.32 and a beta of 1.03. The firm’s fifty day simple moving average is $203.17 and its 200-day simple moving average is $203.75. The company has a current ratio of 1.21, a quick ratio of 0.91 and a debt-to-equity ratio of 1.19. Honeywell International Inc. has a 1-year low of $174.88 and a 1-year high of $220.79.

Honeywell International (NASDAQ:HON) last posted its earnings results on Thursday, July 25th. The conglomerate reported $2.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.42 by $0.07. Honeywell International had a net margin of 15.49% and a return on equity of 36.87%. The business had revenue of $9.58 billion for the quarter, compared to analyst estimates of $9.41 billion. During the same period last year, the business posted $2.23 EPS. Honeywell International’s revenue was up 4.7% compared to the same quarter last year. Sell-side analysts forecast that Honeywell International Inc. will post 10.11 earnings per share for the current fiscal year.

Honeywell International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be paid a $1.13 dividend. The ex-dividend date is Friday, November 15th. This is a positive change from Honeywell International’s previous quarterly dividend of $1.08. This represents a $4.52 dividend on an annualized basis and a yield of 2.19%. Honeywell International’s dividend payout ratio (DPR) is presently 52.38%.

Analyst Ratings Changes

A number of research firms recently commented on HON. Daiwa America raised shares of Honeywell International to a “moderate buy” rating in a research note on Wednesday, June 5th. Citigroup increased their target price on shares of Honeywell International from $243.00 to $244.00 and gave the stock a “buy” rating in a research report on Tuesday, June 4th. UBS Group upgraded shares of Honeywell International from a “sell” rating to a “neutral” rating and increased their target price for the stock from $175.00 to $215.00 in a research report on Monday, June 10th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $214.00 target price on shares of Honeywell International in a research report on Thursday, September 26th. Finally, Morgan Stanley assumed coverage on shares of Honeywell International in a research report on Friday, September 6th. They issued an “equal weight” rating and a $210.00 target price for the company. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus 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.