Honeywell International Inc. (NYSE:HON) Shares Acquired by Meridian Management Co.
Meridian Management Co. grew its holdings in Honeywell International Inc. (NYSE:HON) by 0.8% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 16,075 shares of the conglomerate’s stock after buying an additional 125 shares during the period. Honeywell International accounts for about 1.2% of Meridian Management Co.’s holdings, making the stock its 27th biggest holding. Meridian Management Co.’s holdings in Honeywell International were worth $2,807,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Cordasco Financial Network acquired a new stake in Honeywell International during the first quarter worth about $25,000. Joseph P. Lucia & Associates LLC acquired a new stake in Honeywell International during the first quarter worth about $25,000. Lenox Wealth Advisors LLC increased its position in Honeywell International by 453.8% during the second quarter. Lenox Wealth Advisors LLC now owns 144 shares of the conglomerate’s stock worth $25,000 after purchasing an additional 118 shares during the last quarter. Mackey Komara & Dankovich LLC acquired a new stake in Honeywell International during the first quarter worth about $29,000. Finally, Mcmillion Capital Management Inc. acquired a new stake in Honeywell International during the second quarter worth about $31,000. Institutional investors and hedge funds own 77.48% of the company’s stock.
HON stock traded down $0.25 during mid-day trading on Wednesday, hitting $163.22. 62,339 shares of the company were exchanged, compared to its average volume of 2,260,079. The company has a quick ratio of 0.96, a current ratio of 1.19 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $118.74 billion, a P/E ratio of 20.40, a PEG ratio of 2.20 and a beta of 1.09. The business has a fifty day simple moving average of $171.22 and a 200-day simple moving average of $164.98. Honeywell International Inc. has a 12-month low of $123.48 and a 12-month high of $178.47.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Friday, August 16th will be paid a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a yield of 2.01%. The ex-dividend date of this dividend is Thursday, August 15th. Honeywell International’s dividend payout ratio (DPR) is presently 40.95%.
In other news, Chairman Darius Adamczyk sold 7,149 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $165.08, for a total value of $1,180,156.92. Following the completion of the transaction, the chairman now owns 75,521 shares of the company’s stock, valued at $12,467,006.68. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Jaime Chico Pardo sold 7,000 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $165.92, for a total transaction of $1,161,440.00. Following the completion of the transaction, the director now directly owns 7,103 shares of the company’s stock, valued at approximately $1,178,529.76. The disclosure for this sale can be found here. Company insiders own 0.73% of the company’s stock.
Several equities research analysts recently issued reports on the stock. Credit Suisse Group raised their price objective on shares of Honeywell International from $185.00 to $187.00 and gave the stock an “outperform” rating in a research report on Friday, July 19th. Barclays raised their price objective on shares of Honeywell International from $186.00 to $187.00 and gave the stock an “overweight” rating in a research report on Friday, July 19th. Cowen restated a “buy” rating and set a $180.00 price objective on shares of Honeywell International in a research report on Friday, August 2nd. ValuEngine cut shares of Honeywell International from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Finally, Citigroup set a $197.00 price objective on shares of Honeywell International and gave the stock a “buy” rating in a research report on Friday, July 19th. Four equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $184.08.
About Honeywell International
Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. Its Aerospace segment supplies products, software, and services for aircrafts and vehicles. This 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 connected solutions and data services for the aftermarket, as well as provides wireless connectivity and management and technical services.
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