Meeder Advisory Services Inc. Has $2.74 Million Holdings in Honeywell International Inc. (NASDAQ:HON)

Meeder Advisory Services Inc. raised its position in Honeywell International Inc. (NASDAQ:HON) by 44.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,806 shares of the conglomerate’s stock after purchasing an additional 3,952 shares during the quarter. Meeder Advisory Services Inc.’s holdings in Honeywell International were worth $2,735,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. LGT Group Foundation bought a new stake in Honeywell International in the 1st quarter valued at approximately $26,000. Scarborough Advisors LLC bought a new stake in shares of Honeywell International in the fourth quarter worth $27,000. Richardson Capital Management LLC acquired a new position in Honeywell International during the first quarter worth $35,000. Financial Connections Group Inc. bought a new position in Honeywell International in the second quarter valued at $38,000. Finally, Pathway Financial Advisers LLC acquired a new stake in Honeywell International in the 1st quarter valued at $39,000. 75.91% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Morgan Stanley assumed coverage on shares of Honeywell International in a research note on Friday, September 6th. They set an “equal weight” rating and a $210.00 price objective for the company. StockNews.com downgraded Honeywell International from a “buy” rating to a “hold” rating in a research note on Friday, August 30th. Daiwa America upgraded Honeywell International to a “moderate buy” rating in a research note on Wednesday, June 5th. Royal Bank of Canada decreased their target price on shares of Honeywell International from $218.00 to $214.00 and set a “sector perform” rating for the company in a research note on Friday, July 26th. Finally, UBS Group raised shares of Honeywell International from a “sell” rating to a “neutral” rating and upped their price target for the stock from $175.00 to $215.00 in a research report on Monday, June 10th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $223.13.

Honeywell International Trading Up 0.3 %

Shares of Honeywell International stock opened at $204.67 on Friday. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.21 and a quick ratio of 0.91. The business has a fifty day simple moving average of $205.64 and a two-hundred day simple moving average of $203.21. Honeywell International Inc. has a 1 year low of $174.88 and a 1 year high of $220.79. The company has a market capitalization of $133.28 billion, a price-to-earnings ratio of 23.72, a P/E/G ratio of 2.25 and a beta of 1.03.

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, topping analysts’ consensus estimates of $2.42 by $0.07. The company had revenue of $9.58 billion during the quarter, compared to analysts’ expectations of $9.41 billion. Honeywell International had a net margin of 15.49% and a return on equity of 36.87%. Honeywell International’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter last year, the company posted $2.23 EPS. Research analysts forecast that Honeywell International Inc. will post 10.12 EPS for the current year.

Honeywell International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Friday, August 16th were issued a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date of this dividend was Friday, August 16th. Honeywell International’s dividend payout ratio is presently 50.06%.

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.