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

3Chopt Investment Partners LLC bought a new position in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 5,217 shares of the conglomerate's stock, valued at approximately $1,105,000.

Several other hedge funds also recently bought and sold shares of HON. Claris Advisors LLC MO lifted its position in shares of Honeywell International by 4.8% during the fourth quarter. Claris Advisors LLC MO now owns 1,069 shares of the conglomerate's stock worth $241,000 after purchasing an additional 49 shares in the last quarter. Avantax Planning Partners Inc. lifted its position in shares of Honeywell International by 1.4% during the fourth quarter. Avantax Planning Partners Inc. now owns 3,441 shares of the conglomerate's stock worth $777,000 after purchasing an additional 49 shares in the last quarter. Zions Bancorporation N.A. lifted its position in shares of Honeywell International by 7.4% during the fourth quarter. Zions Bancorporation N.A. now owns 726 shares of the conglomerate's stock worth $164,000 after purchasing an additional 50 shares in the last quarter. Cetera Trust Company N.A lifted its position in shares of Honeywell International by 0.5% during the first quarter. Cetera Trust Company N.A now owns 10,475 shares of the conglomerate's stock worth $2,218,000 after purchasing an additional 50 shares in the last quarter. Finally, Kennedy Investment Group lifted its position in shares of Honeywell International by 1.7% during the first quarter. Kennedy Investment Group now owns 3,019 shares of the conglomerate's stock worth $639,000 after purchasing an additional 51 shares in the last quarter. Hedge funds and other institutional investors own 75.91% of the company's stock.

Honeywell International Stock Up 1.1%

HON stock opened at $228.85 on Friday. The company has a current ratio of 1.25, a quick ratio of 0.95 and a debt-to-equity ratio of 1.43. Honeywell International Inc. has a twelve month low of $179.36 and a twelve month high of $242.77. The company's 50 day moving average is $218.94 and its two-hundred day moving average is $215.80. The stock has a market cap of $147.08 billion, a P/E ratio of 26.30, a PEG ratio of 2.64 and a beta of 1.08.

Honeywell International (NASDAQ:HON - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share for the quarter, topping analysts' consensus estimates of $2.21 by $0.30. Honeywell International had a net margin of 14.51% and a return on equity of 36.19%. The company had revenue of $9.82 billion for the quarter, compared to analysts' expectations of $9.59 billion. During the same quarter last year, the company earned $2.25 earnings per share. The firm's revenue for the quarter was up 7.9% on a year-over-year basis. Research analysts expect that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 16th were given a dividend of $1.13 per share. The ex-dividend date was Friday, May 16th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 1.98%. Honeywell International's dividend payout ratio (DPR) is presently 51.95%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on HON shares. Wall Street Zen raised shares of Honeywell International from a "hold" rating to a "buy" rating in a research report on Thursday, May 15th. Mizuho increased their price target on shares of Honeywell International from $235.00 to $250.00 and gave the stock an "outperform" rating in a research report on Friday, May 16th. Barclays raised their target price on shares of Honeywell International from $243.00 to $258.00 and gave the company an "overweight" rating in a report on Wednesday, June 18th. JPMorgan Chase & Co. raised their target price on shares of Honeywell International from $182.00 to $217.00 and gave the company a "neutral" rating in a report on Friday, May 16th. Finally, Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a $226.00 target price on shares of Honeywell International in a report on Wednesday. Eight equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $249.21.

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.

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