Mesirow Financial Investment Management Inc. Increases Stock Holdings in Honeywell International Inc. (NASDAQ:HON)

Key Points

• Mesirow Financial Investment Management Inc. increased its stake in Honeywell International by 2.5%, owning now 47,437 shares valued at approximately $10 million.
• Honeywell reported an earnings per share (EPS) of $2.75, exceeding analysts' expectations and reflecting an 8.1% year-over-year revenue increase.
• The company declared a quarterly dividend of $1.13, with a dividend yield of 2.04% and a payout ratio of 51.42%.

Mesirow Financial Investment Management Inc. raised its holdings in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 2.5% during the first quarter, according to its most recent filing with the SEC. The firm owned 47,437 shares of the conglomerate's stock after purchasing an additional 1,175 shares during the period. Mesirow Financial Investment Management Inc.'s holdings in Honeywell International were worth $10,046,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Geode Capital Management LLC increased its holdings in shares of Honeywell International by 4.4% during the fourth quarter. Geode Capital Management LLC now owns 14,988,152 shares of the conglomerate's stock valued at $3,379,568,000 after acquiring an additional 627,422 shares in the last quarter. Capital World Investors purchased a new position in Honeywell International during the fourth quarter valued at approximately $1,594,216,000. Capital Research Global Investors lifted its stake in shares of Honeywell International by 5.5% in the 4th quarter. Capital Research Global Investors now owns 6,641,017 shares of the conglomerate's stock valued at $1,500,141,000 after purchasing an additional 346,190 shares during the period. Northern Trust Corp raised its position in shares of Honeywell International by 5.7% in the fourth quarter. Northern Trust Corp now owns 6,253,570 shares of the conglomerate's stock worth $1,412,619,000 after acquiring an additional 337,199 shares during the period. Finally, Invesco Ltd. boosted its position in Honeywell International by 5.2% during the fourth quarter. Invesco Ltd. now owns 5,285,417 shares of the conglomerate's stock worth $1,193,923,000 after purchasing an additional 263,188 shares in the last quarter. Hedge funds and other institutional investors own 75.91% of the company's stock.

Honeywell International Stock Down 1.9%

HON traded down $4.14 during trading hours on Friday, hitting $218.21. 637,762 shares of the company's stock were exchanged, compared to its average volume of 4,123,803. The firm has a market cap of $138.54 billion, a P/E ratio of 24.83, a price-to-earnings-growth ratio of 2.51 and a beta of 1.07. Honeywell International Inc. has a 12-month low of $179.36 and a 12-month high of $242.77. The company has a current ratio of 1.29, a quick ratio of 0.97 and a debt-to-equity ratio of 1.81. The firm has a 50 day moving average of $229.33 and a 200 day moving average of $217.08.

Honeywell International (NASDAQ:HON - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The conglomerate reported $2.75 EPS for the quarter, topping the consensus estimate of $2.66 by $0.09. The business had revenue of $10.35 billion during the quarter, compared to the consensus estimate of $10.01 billion. Honeywell International had a net margin of 14.30% and a return on equity of 37.37%. The company's quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.49 earnings per share. Analysts predict that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 5th. Investors of record on Friday, August 15th will be paid a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Friday, August 15th. Honeywell International's dividend payout ratio is presently 51.42%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on HON. Wall Street Zen raised Honeywell International from a "hold" rating to a "buy" rating in a report on Thursday, May 15th. Citigroup raised their price target on shares of Honeywell International from $242.00 to $265.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Mizuho upped their price objective on shares of Honeywell International from $235.00 to $250.00 and gave the company an "outperform" rating in a research note on Friday, May 16th. Royal Bank Of Canada decreased their target price on shares of Honeywell International from $254.00 to $253.00 and set a "sector perform" rating on the stock in a research note on Friday, July 25th. Finally, Wells Fargo & Company cut their price target on Honeywell International from $240.00 to $230.00 and set an "equal weight" rating for the company in a report on Friday, July 25th. Eight research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $254.00.

Honeywell International 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.