Farmers & Merchants Investments Inc. Has $12.44 Million Holdings in Honeywell International Inc. (NASDAQ:HON)

Farmers & Merchants Investments Inc. cut its position in Honeywell International Inc. (NASDAQ:HON - Free Report) by 18.3% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 58,737 shares of the conglomerate's stock after selling 13,148 shares during the quarter. Farmers & Merchants Investments Inc.'s holdings in Honeywell International were worth $12,438,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Mainstream Capital Management LLC bought a new stake in Honeywell International in the 4th quarter valued at about $25,000. Avalon Trust Co raised its position in shares of Honeywell International by 166.7% during the 4th quarter. Avalon Trust Co now owns 120 shares of the conglomerate's stock worth $27,000 after buying an additional 75 shares in the last quarter. Mpwm Advisory Solutions LLC bought a new stake in shares of Honeywell International during the 4th quarter worth about $29,000. Accredited Wealth Management LLC bought a new stake in shares of Honeywell International during the 4th quarter worth about $34,000. Finally, Curio Wealth LLC bought a new stake in shares of Honeywell International during the 4th quarter worth about $35,000. 75.91% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have commented on the stock. Wells Fargo & Company boosted their price target on shares of Honeywell International from $205.00 to $225.00 and gave the stock an "equal weight" rating in a research report on Wednesday, April 30th. JPMorgan Chase & Co. boosted their target price on shares of Honeywell International from $182.00 to $217.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. Royal Bank of Canada boosted their target price on shares of Honeywell International from $211.00 to $226.00 and gave the stock a "sector perform" rating in a report on Wednesday, April 30th. Mizuho boosted their target price on shares of Honeywell International from $235.00 to $250.00 and gave the stock an "outperform" rating in a report on Friday, May 16th. Finally, Bank of America upgraded shares of Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 target price on the stock in a report on Wednesday, May 7th. Eight analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $248.14.

Honeywell International Stock Down 0.8%

HON traded down $1.76 on Friday, reaching $224.29. 2,497,010 shares of the company traded hands, compared to its average volume of 3,818,612. The stock's 50 day moving average price is $213.35 and its 200-day moving average price is $216.13. Honeywell International Inc. has a 52-week low of $179.36 and a 52-week high of $242.77. The company has a market cap of $144.15 billion, a price-to-earnings ratio of 25.75, a PEG ratio of 2.51 and a beta of 1.08. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.31 and a quick ratio of 1.01.

Honeywell International (NASDAQ:HON - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The conglomerate reported $2.51 EPS for the quarter, beating analysts' consensus estimates of $2.21 by $0.30. The firm had revenue of $9.82 billion for the quarter, compared to the consensus estimate of $9.59 billion. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. The firm's revenue was up 7.9% on a year-over-year basis. During the same period in the previous year, the firm posted $2.25 earnings per share. On average, sell-side analysts expect that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 16th were given a $1.13 dividend. This represents a $4.52 annualized dividend and a yield of 2.02%. The ex-dividend date of this dividend was Friday, May 16th. Honeywell International's payout ratio is presently 51.95%.

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.