Farmers & Merchants Investments Inc. Has $14.41 Million Position in Honeywell International Inc. (NASDAQ:HON)

Farmers & Merchants Investments Inc. increased its position in Honeywell International Inc. (NASDAQ:HON) by 0.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 70,207 shares of the conglomerate’s stock after buying an additional 478 shares during the period. Farmers & Merchants Investments Inc.’s holdings in Honeywell International were worth $14,410,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in HON. Altshuler Shaham Ltd acquired a new position in Honeywell International during the fourth quarter valued at approximately $27,000. Scarborough Advisors LLC acquired a new stake in shares of Honeywell International in the fourth quarter worth $27,000. Cordant Inc. acquired a new stake in shares of Honeywell International in the fourth quarter worth $31,000. Rakuten Securities Inc. bought a new position in Honeywell International in the fourth quarter worth $31,000. Finally, Richardson Capital Management LLC bought a new position in Honeywell International in the first quarter worth $35,000. Institutional investors and hedge funds own 75.91% of the company’s stock.

Analyst Ratings Changes

HON has been the subject of several research reports. UBS Group raised Honeywell International from a “sell” rating to a “neutral” rating and raised their target price for the stock from $175.00 to $215.00 in a research report on Monday, June 10th. Citigroup lifted their price objective on Honeywell International from $243.00 to $244.00 and gave the company a “buy” rating in a report on Tuesday, June 4th. Daiwa America raised Honeywell International to a “moderate buy” rating in a report on Wednesday, June 5th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $215.00 target price (down from $227.00) on shares of Honeywell International in a research note on Tuesday, April 16th. Finally, StockNews.com upgraded Honeywell International from a “hold” rating to a “buy” rating in a research note on Wednesday, May 15th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $224.75.

Honeywell International Trading Up 0.5 %

Shares of Honeywell International stock traded up $1.14 during trading on Tuesday, hitting $212.09. 560,396 shares of the company were exchanged, compared to its average volume of 2,920,633. The firm has a market capitalization of $138.11 billion, a P/E ratio of 24.44, a price-to-earnings-growth ratio of 2.23 and a beta of 1.04. Honeywell International Inc. has a 1-year low of $174.88 and a 1-year high of $218.36. The firm’s fifty day moving average price is $203.84 and its 200 day moving average price is $201.42. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.66 and a quick ratio of 1.28.

Honeywell International (NASDAQ:HON) last released its quarterly earnings data on Thursday, April 25th. The conglomerate reported $2.25 earnings per share for the quarter, beating the consensus estimate of $2.17 by $0.08. Honeywell International had a return on equity of 35.88% and a net margin of 15.52%. The business had revenue of $9.11 billion for the quarter, compared to analysts’ expectations of $9.03 billion. During the same quarter in the previous year, the business posted $2.07 EPS. Honeywell International’s revenue for the quarter was up 2.7% on a year-over-year basis. As a group, sell-side analysts expect that Honeywell International Inc. will post 10.11 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 7th. Shareholders of record on Friday, May 17th were paid a $1.08 dividend. This represents a $4.32 annualized dividend and a yield of 2.04%. The ex-dividend date of this dividend was Thursday, May 16th. Honeywell International’s payout ratio is 50.06%.

Insider Buying and Selling at Honeywell International

In other news, Director Darius Adamczyk sold 28,500 shares of the company’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $203.96, for a total transaction of $5,812,860.00. Following the sale, the director now owns 203,510 shares in the company, valued at approximately $41,507,899.60. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CFO Gregory P. Lewis sold 25,209 shares of the company’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $193.06, for a total transaction of $4,866,849.54. Following the completion of the sale, the chief financial officer now directly owns 55,471 shares in the company, valued at approximately $10,709,231.26. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Darius Adamczyk sold 28,500 shares of the company’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $203.96, for a total value of $5,812,860.00. Following the sale, the director now owns 203,510 shares of the company’s stock, valued at $41,507,899.60. The disclosure for this sale can be found here. Company insiders own 0.41% of the company’s stock.

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.