Honeywell International Inc. $HON is Meyer Handelman Co.’s 10th Largest Position

Meyer Handelman Co. lessened its position in Honeywell International Inc. (NASDAQ:HON) by 1.3% during the 4th quarter, HoldingsChannel.com reports. The fund owned 396,092 shares of the conglomerate’s stock after selling 5,173 shares during the quarter. Honeywell International makes up about 2.4% of Meyer Handelman Co.’s portfolio, making the stock its 10th largest holding. Meyer Handelman Co.’s holdings in Honeywell International were worth $77,274,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. SG Americas Securities LLC increased its position in shares of Honeywell International by 15,459.1% during the fourth quarter. SG Americas Securities LLC now owns 4,057,960 shares of the conglomerate’s stock worth $791,667,000 after purchasing an additional 4,031,879 shares in the last quarter. Franklin Resources Inc. lifted its holdings in Honeywell International by 28.8% in the 3rd quarter. Franklin Resources Inc. now owns 10,196,543 shares of the conglomerate’s stock valued at $2,146,372,000 after purchasing an additional 2,277,234 shares in the last quarter. Marshall Wace LLP boosted its stake in Honeywell International by 130.0% during the 3rd quarter. Marshall Wace LLP now owns 1,845,032 shares of the conglomerate’s stock worth $388,379,000 after purchasing an additional 1,042,972 shares during the last quarter. Two Sigma Investments LP boosted its stake in Honeywell International by 424.3% during the 3rd quarter. Two Sigma Investments LP now owns 1,153,754 shares of the conglomerate’s stock worth $242,865,000 after purchasing an additional 933,694 shares during the last quarter. Finally, Boston Partners grew its holdings in shares of Honeywell International by 21.6% during the third quarter. Boston Partners now owns 3,535,270 shares of the conglomerate’s stock worth $744,054,000 after buying an additional 626,960 shares in the last quarter. 75.91% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

HON has been the topic of several research reports. Morgan Stanley raised their price target on shares of Honeywell International from $235.00 to $245.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 12th. Mizuho dropped their price objective on shares of Honeywell International from $250.00 to $240.00 and set an “outperform” rating for the company in a research note on Monday, January 5th. Citigroup increased their price objective on shares of Honeywell International from $262.00 to $265.00 and gave the company a “buy” rating in a report on Friday, January 30th. Rothschild & Co Redburn raised their target price on shares of Honeywell International from $222.00 to $235.00 and gave the stock a “neutral” rating in a research note on Monday, February 2nd. Finally, Sanford C. Bernstein set a $255.00 target price on Honeywell International in a report on Friday, January 16th. Fourteen research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Honeywell International presently has an average rating of “Moderate Buy” and an average target price of $252.54.

Insider Activity at Honeywell International

In other Honeywell International news, Director D Scott Davis sold 2,367 shares of the firm’s stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $240.00, for a total transaction of $568,080.00. Following the completion of the sale, the director owned 31,081 shares of the company’s stock, valued at $7,459,440. This trade represents a 7.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Robert D. Mailloux sold 5,274 shares of Honeywell International stock in a transaction on Friday, February 6th. The shares were sold at an average price of $239.00, for a total value of $1,260,486.00. Following the completion of the sale, the vice president owned 4,803 shares in the company, valued at $1,147,917. This represents a 52.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 18,190 shares of company stock worth $4,244,287. Corporate insiders own 0.41% of the company’s stock.

Honeywell International Trading Up 1.1%

Shares of HON opened at $226.03 on Wednesday. The company has a current ratio of 1.30, a quick ratio of 1.03 and a debt-to-equity ratio of 1.81. Honeywell International Inc. has a 12-month low of $169.21 and a 12-month high of $248.18. The firm has a 50-day moving average price of $233.69 and a 200 day moving average price of $213.16. The firm has a market capitalization of $143.68 billion, a P/E ratio of 28.29, a P/E/G ratio of 3.23 and a beta of 0.92.

Honeywell International (NASDAQ:HON) last issued its earnings results on Thursday, January 29th. The conglomerate reported $2.59 EPS for the quarter, topping analysts’ consensus estimates of $2.54 by $0.05. The company had revenue of $10.07 billion for the quarter, compared to the consensus estimate of $9.60 billion. Honeywell International had a net margin of 12.74% and a return on equity of 40.64%. Honeywell International’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.47 earnings per share. Sell-side analysts forecast that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Friday, February 27th were given a dividend of $1.19 per share. This represents a $4.76 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend was Friday, February 27th. Honeywell International’s payout ratio is presently 59.57%.

Honeywell International Company Profile

Honeywell International Inc is a diversified, publicly traded multinational conglomerate (NASDAQ: HON) that designs and manufactures a wide range of commercial and consumer products, engineering services and aerospace systems. The company operates through major business platforms that historically include Aerospace; Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. Its portfolio spans avionics and propulsion systems, building controls and HVAC equipment, process technologies and advanced materials, industrial automation software, and personal protective equipment and scanning solutions.

Honeywell’s aerospace business supplies aircraft manufacturers and operators with engines and auxiliary power units, avionics, flight safety systems and aftermarket services.