Meridian Investment Counsel Inc. Grows Stock Position in Honeywell International Inc. (NASDAQ:HON)

Meridian Investment Counsel Inc. raised its position in Honeywell International Inc. (NASDAQ:HON) by 17.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm 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 SEC filing.

Several other institutional investors have also modified their holdings of the business. Torray Investment Partners LLC grew its position in Honeywell International by 0.3% during the fourth quarter. Torray Investment Partners LLC now owns 58,708 shares of the conglomerate’s stock worth $12,312,000 after buying an additional 190 shares during the period. Boyd Watterson Asset Management LLC OH grew its position in shares of Honeywell International by 0.3% in the fourth quarter. Boyd Watterson Asset Management LLC OH now owns 26,817 shares of the conglomerate’s stock valued at $5,624,000 after purchasing an additional 89 shares during the last quarter. Adell Harriman & Carpenter Inc. grew its position in shares of Honeywell International by 2.1% in the fourth quarter. Adell Harriman & Carpenter Inc. now owns 57,231 shares of the conglomerate’s stock valued at $12,002,000 after purchasing an additional 1,189 shares during the last quarter. Connectus Wealth LLC grew its position in shares of Honeywell International by 2.2% in the fourth quarter. Connectus Wealth LLC now owns 224,661 shares of the conglomerate’s stock valued at $47,128,000 after purchasing an additional 4,789 shares during the last quarter. Finally, HTLF Bank acquired a new stake in shares of Honeywell International in the fourth quarter valued at approximately $1,166,000. Institutional investors and hedge funds own 75.91% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on HON shares. UBS Group upgraded shares of Honeywell International from a “sell” rating to a “neutral” rating and increased their price target for the company from $175.00 to $215.00 in a research report on Monday, June 10th. StockNews.com upgraded Honeywell International from a “hold” rating to a “buy” rating in a research note on Friday. Daiwa America upgraded Honeywell International to a “moderate buy” rating in a research report on Wednesday, June 5th. Citigroup raised their price objective on Honeywell International from $243.00 to $244.00 and gave the stock a “buy” rating in a research note on Tuesday, June 4th. Finally, Royal Bank of Canada lowered 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. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $225.00.

Honeywell International Stock Performance

HON stock traded up $0.54 on Monday, reaching $199.04. The company’s stock had a trading volume of 2,043,715 shares, compared to its average volume of 2,925,777. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.21 and a quick ratio of 0.91. Honeywell International Inc. has a 52 week low of $174.88 and a 52 week high of $220.79. The firm has a fifty day moving average of $209.04 and a two-hundred day moving average of $202.39. The company has a market capitalization of $129.61 billion, a P/E ratio of 22.96, a price-to-earnings-growth ratio of 2.32 and a beta of 1.04.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings data on Thursday, July 25th. The conglomerate reported $2.49 earnings per share for the quarter, beating analysts’ consensus estimates of $2.42 by $0.07. The business had revenue of $9.58 billion for 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 company’s revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the business earned $2.23 earnings per share. As a group, analysts predict that Honeywell International Inc. will post 10.14 EPS for the current fiscal year.

Honeywell International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 6th. Stockholders of record on Friday, August 16th will be given a dividend of $1.08 per share. The ex-dividend date of this dividend is Friday, August 16th. This represents a $4.32 annualized dividend and a dividend yield of 2.17%. Honeywell International’s dividend payout ratio (DPR) is 50.06%.

Honeywell International Company 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.