Honeywell International Inc. (NASDAQ:HON) is Meyer Handelman Co.’s 3rd Largest Position

Meyer Handelman Co. decreased its position in Honeywell International Inc. (NASDAQ:HONGet Rating) by 1.1% during the 2nd quarter, Holdings Channel reports. The firm owned 459,605 shares of the conglomerate’s stock after selling 5,157 shares during the quarter. Honeywell International comprises about 3.4% of Meyer Handelman Co.’s holdings, making the stock its 3rd biggest position. Meyer Handelman Co.’s holdings in Honeywell International were worth $79,884,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in HON. Gilman Hill Asset Management LLC raised its holdings in shares of Honeywell International by 14.1% in the 2nd quarter. Gilman Hill Asset Management LLC now owns 1,216 shares of the conglomerate’s stock worth $211,000 after purchasing an additional 150 shares during the period. Ritholtz Wealth Management raised its stake in Honeywell International by 29.8% during the 2nd quarter. Ritholtz Wealth Management now owns 6,433 shares of the conglomerate’s stock valued at $1,118,000 after acquiring an additional 1,477 shares in the last quarter. Capital City Trust Co. FL raised its stake in shares of Honeywell International by 8.8% in the 2nd quarter. Capital City Trust Co. FL now owns 2,044 shares of the conglomerate’s stock worth $356,000 after buying an additional 165 shares in the last quarter. TKG Advisors LLC raised its position in shares of Honeywell International by 24.7% during the second quarter. TKG Advisors LLC now owns 5,661 shares of the conglomerate’s stock worth $984,000 after purchasing an additional 1,120 shares during the period. Finally, IFM Investors Pty Ltd grew its holdings in shares of Honeywell International by 5.3% during the second quarter. IFM Investors Pty Ltd now owns 60,642 shares of the conglomerate’s stock valued at $10,540,000 after buying an additional 3,053 shares in the last quarter. Institutional investors and hedge funds own 74.74% of the company’s stock.

Insider Buying and Selling at Honeywell International

In other news, CFO Gregory P. Lewis sold 5,011 shares of the company’s stock in a transaction dated Thursday, July 28th. The shares were sold at an average price of $190.00, for a total transaction of $952,090.00. Following the transaction, the chief financial officer now owns 43,625 shares in the company, valued at $8,288,750. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.45% of the company’s stock.

Honeywell International Price Performance

HON traded down $0.89 during trading on Friday, hitting $172.36. 53,994 shares of the stock traded hands, compared to its average volume of 2,878,215. The business has a 50 day moving average price of $191.18 and a 200 day moving average price of $188.65. The company has a market cap of $116.12 billion, a price-to-earnings ratio of 23.64, a PEG ratio of 2.10 and a beta of 1.06. Honeywell International Inc. has a twelve month low of $167.35 and a twelve month high of $228.26. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.20 and a quick ratio of 0.92.

Honeywell International (NASDAQ:HONGet Rating) last issued its quarterly earnings data on Thursday, July 28th. The conglomerate reported $2.10 earnings per share for the quarter, topping the consensus estimate of $2.03 by $0.07. Honeywell International had a net margin of 14.74% and a return on equity of 30.17%. The company had revenue of $8.95 billion for the quarter, compared to analysts’ expectations of $8.67 billion. During the same quarter in the previous year, the firm posted $2.02 earnings per share. Honeywell International’s revenue for the quarter was up 1.6% on a year-over-year basis. Equities research analysts forecast that Honeywell International Inc. will post 8.68 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 2nd. Shareholders of record on Friday, August 12th were given a dividend of $0.98 per share. The ex-dividend date of this dividend was Thursday, August 11th. This represents a $3.92 dividend on an annualized basis and a yield of 2.27%. Honeywell International’s dividend payout ratio (DPR) is currently 53.48%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on HON. Citigroup upped their price target on Honeywell International from $211.00 to $222.00 in a research note on Friday, July 29th. StockNews.com upgraded Honeywell International from a “hold” rating to a “buy” rating in a research report on Wednesday, August 31st. Bank of America upgraded Honeywell International from a “neutral” rating to a “buy” rating and set a $210.00 price objective on the stock in a research report on Monday, July 11th. Deutsche Bank Aktiengesellschaft cut their price target on Honeywell International from $230.00 to $211.00 and set a “buy” rating on the stock in a research note on Wednesday, July 13th. Finally, Credit Suisse Group set a $195.00 price target on Honeywell International in a research note on Tuesday, July 19th. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, Honeywell International currently has an average rating of “Moderate Buy” and an average price target of $210.08.

Honeywell International Company Profile

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Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. Its 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; thermal systems, as well as wireless connectivity and management services.

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

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