Meeder Asset Management Inc. boosted its position in shares of Honeywell International Inc. (NYSE:HON) by 30.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,886 shares of the conglomerate’s stock after acquiring an additional 909 shares during the period. Meeder Asset Management Inc.’s holdings in Honeywell International were worth $678,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Cordasco Financial Network bought a new position in shares of Honeywell International during the 1st quarter worth about $25,000. Joseph P. Lucia & Associates LLC bought a new position in shares of Honeywell International during the 1st quarter worth about $25,000. Lenox Wealth Advisors LLC increased its holdings in shares of Honeywell International by 453.8% during the 2nd 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 period. Mackey Komara & Dankovich LLC bought a new position in shares of Honeywell International during the 1st quarter worth about $29,000. Finally, Mcmillion Capital Management Inc. bought a new position in shares of Honeywell International during the 2nd quarter worth about $31,000. 77.48% of the stock is owned by hedge funds and other institutional investors.

NYSE HON opened at $163.79 on Thursday. The stock has a market cap of $119.34 billion, a P/E ratio of 20.45, a PEG ratio of 2.21 and a beta of 1.09. The company’s 50-day simple moving average is $170.95 and its 200 day simple moving average is $165.07. Honeywell International Inc. has a twelve month low of $123.48 and a twelve month high of $178.47. The company has a quick ratio of 0.96, a current ratio of 1.19 and a debt-to-equity ratio of 0.48.

Honeywell International (NYSE:HON) last posted its earnings results on Thursday, July 18th. The conglomerate reported $2.10 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.08 by $0.02. The business had revenue of $9.24 billion for the quarter, compared to analysts’ expectations of $9.37 billion. Honeywell International had a net margin of 18.17% and a return on equity of 32.02%. The firm’s revenue for the quarter was down 15.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.12 earnings per share. Research analysts anticipate that Honeywell International Inc. will post 8.1 earnings per share for the current year.

The company also recently disclosed 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. The ex-dividend date is Thursday, August 15th. This represents a $3.28 annualized dividend and a yield of 2.00%. Honeywell International’s dividend payout ratio is 40.95%.

Several research firms have recently issued reports on HON. Jefferies Financial Group boosted their price objective on shares of Honeywell International from $190.00 to $195.00 and gave the stock a “buy” rating in a report on Friday, July 19th. Zacks Investment Research upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and set a $182.00 price objective on the stock in a report on Monday, July 22nd. Citigroup set a $197.00 target price on shares of Honeywell International and gave the company a “buy” rating in a research note on Friday, July 19th. ValuEngine cut shares of Honeywell International from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Finally, Morgan Stanley upped their target price on shares of Honeywell International from $183.00 to $188.00 and gave the company an “overweight” rating in a research note on Friday, July 19th. Four investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $184.08.

In other Honeywell International news, Director Jaime Chico Pardo sold 7,000 shares of the company’s stock in a transaction dated 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 sale, the director now directly owns 7,103 shares of the company’s stock, valued at $1,178,529.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Rajeev Gautam sold 10,984 shares of the company’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $163.88, for a total transaction of $1,800,057.92. Following the sale, the chief executive officer now directly owns 28,920 shares in the company, valued at $4,739,409.60. The disclosure for this sale can be found here. Insiders have sold 25,133 shares of company stock worth $4,141,655 over the last ninety days. Insiders own 0.73% of the company’s stock.

Honeywell International Profile

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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Institutional Ownership by Quarter for Honeywell International (NYSE:HON)

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