Honeywell International Inc. (NASDAQ:HON) Shares Bought by Meridian Investment Counsel Inc.

Meridian Investment Counsel Inc. grew its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 17.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,274 shares of the conglomerate’s stock after purchasing an additional 1,200 shares during the quarter. Meridian Investment Counsel Inc.’s holdings in Honeywell International were worth $1,767,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD lifted its holdings in shares of Honeywell International by 32.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 7,840,959 shares of the conglomerate’s stock valued at $1,644,328,000 after acquiring an additional 1,899,373 shares in the last quarter. Natixis boosted its position in Honeywell International by 184.8% in the 1st quarter. Natixis now owns 838,716 shares of the conglomerate’s stock valued at $172,146,000 after buying an additional 544,175 shares during the last quarter. Capital Research Global Investors increased its position in shares of Honeywell International by 20.4% during the fourth quarter. Capital Research Global Investors now owns 3,189,925 shares of the conglomerate’s stock worth $668,959,000 after acquiring an additional 539,644 shares during the last quarter. California Public Employees Retirement System boosted its holdings in Honeywell International by 27.5% in the fourth quarter. California Public Employees Retirement System now owns 1,739,695 shares of the conglomerate’s stock valued at $364,831,000 after purchasing an additional 375,158 shares during the last quarter. Finally, First Financial Bankshares Inc bought a new stake in shares of Honeywell International in the 4th quarter worth about $72,580,000. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Honeywell International Stock Up 0.3 %

Shares of NASDAQ HON traded up $0.54 during mid-day trading on Monday, reaching $199.04. 2,043,715 shares of the company traded hands, compared to its average volume of 2,925,777. The company’s fifty day moving average is $209.04 and its two-hundred day moving average is $202.39. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.91 and a current ratio of 1.21. Honeywell International Inc. has a fifty-two week low of $174.88 and a fifty-two week high of $220.79. The stock has a market cap of $129.61 billion, a PE ratio of 22.96, a price-to-earnings-growth ratio of 2.32 and a beta of 1.04.

Honeywell International (NASDAQ:HON) last released its earnings results on Thursday, July 25th. The conglomerate reported $2.49 EPS for the quarter, beating the consensus estimate of $2.42 by $0.07. The firm 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%. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the company earned $2.23 EPS. On average, analysts expect that Honeywell International Inc. will post 10.14 earnings per share for the current year.

Honeywell International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Stockholders of record on Friday, August 16th will be issued a $1.08 dividend. The ex-dividend date is Friday, August 16th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 2.17%. Honeywell International’s payout ratio is presently 50.06%.

Analysts Set New Price Targets

HON has been the subject of several research reports. UBS Group raised shares of Honeywell International from a “sell” rating to a “neutral” rating and lifted their price target for the company from $175.00 to $215.00 in a report on Monday, June 10th. Royal Bank of Canada decreased their price objective on shares of Honeywell International from $218.00 to $214.00 and set a “sector perform” rating for the company in a report on Friday, July 26th. StockNews.com raised shares of Honeywell International from a “hold” rating to a “buy” rating in a research note on Friday. Wells Fargo & Company dropped their price target on Honeywell International from $220.00 to $215.00 and set an “equal weight” rating on the stock in a research note on Friday, July 26th. Finally, Daiwa America upgraded shares of Honeywell International to a “moderate buy” rating in a report on Wednesday, June 5th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Honeywell International has a consensus rating of “Moderate Buy” and an average price target of $225.00.

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.