Meeder Asset Management Inc. Decreases Stock Position in Honeywell International Inc. (NASDAQ:HON)

Meeder Asset Management Inc. lowered its stake in Honeywell International Inc. (NASDAQ:HON - Free Report) by 79.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,270 shares of the conglomerate's stock after selling 12,714 shares during the period. Meeder Asset Management Inc.'s holdings in Honeywell International were worth $686,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Signet Investment Advisory Group Inc. boosted its position in shares of Honeywell International by 3.4% during the fourth quarter. Signet Investment Advisory Group Inc. now owns 14,358 shares of the conglomerate's stock valued at $3,011,000 after buying an additional 478 shares during the period. Wallington Asset Management LLC boosted its position in shares of Honeywell International by 1.3% during the fourth quarter. Wallington Asset Management LLC now owns 79,873 shares of the conglomerate's stock valued at $16,750,000 after buying an additional 1,026 shares during the period. Nisa Investment Advisors LLC boosted its position in shares of Honeywell International by 2.9% during the fourth quarter. Nisa Investment Advisors LLC now owns 225,185 shares of the conglomerate's stock valued at $47,224,000 after buying an additional 6,253 shares during the period. Mainstay Capital Management LLC ADV boosted its position in shares of Honeywell International by 23.1% during the fourth quarter. Mainstay Capital Management LLC ADV now owns 8,173 shares of the conglomerate's stock valued at $1,714,000 after buying an additional 1,535 shares during the period. Finally, Spectrum Asset Management Inc. NB CA boosted its position in shares of Honeywell International by 0.3% during the fourth quarter. Spectrum Asset Management Inc. NB CA now owns 21,065 shares of the conglomerate's stock valued at $4,418,000 after buying an additional 55 shares during the period. Hedge funds and other institutional investors own 75.91% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on HON shares. Barclays lifted their price target on shares of Honeywell International from $230.00 to $232.00 and gave the company an "overweight" rating in a research note on Tuesday, April 2nd. Royal Bank of Canada decreased their price target on shares of Honeywell International from $210.00 to $209.00 and set a "sector perform" rating for the company in a research note on Friday, February 2nd. Berenberg Bank raised shares of Honeywell International from a "hold" rating to a "buy" rating and lifted their price target for the company from $195.00 to $240.00 in a research note on Wednesday, March 6th. Finally, Wells Fargo & Company lifted their price target on shares of Honeywell International from $190.00 to $213.00 and gave the company an "equal weight" rating in a research note on Tuesday, December 19th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $221.11.

Honeywell International Stock Up 0.3 %

NASDAQ:HON traded up $0.61 during trading hours on Monday, reaching $197.76. The company's stock had a trading volume of 2,384,680 shares, compared to its average volume of 3,035,179. The company has a market capitalization of $128.78 billion, a P/E ratio of 23.28, a price-to-earnings-growth ratio of 2.25 and a beta of 1.02. Honeywell International Inc. has a 12 month low of $174.88 and a 12 month high of $210.87. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.93 and a current ratio of 1.27. The stock has a 50 day moving average price of $198.91 and a two-hundred day moving average price of $195.51.

Honeywell International (NASDAQ:HON - Get Free Report) last issued its quarterly earnings results on Thursday, February 1st. The conglomerate reported $2.60 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.59 by $0.01. The business had revenue of $9.44 billion for the quarter, compared to the consensus estimate of $9.70 billion. Honeywell International had a return on equity of 35.17% and a net margin of 15.43%. The business's quarterly revenue was up 2.8% on a year-over-year basis. During the same period in the prior year, the firm posted $2.52 earnings per share. Equities analysts predict that Honeywell International Inc. will post 9.94 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were given a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a dividend yield of 2.18%. The ex-dividend date was Thursday, February 29th. Honeywell International's payout ratio is presently 51.00%.

Insider Transactions at Honeywell International

In other news, Director Darius Adamczyk sold 25,500 shares of the business's stock in a transaction on Monday, February 12th. The shares were sold at an average price of $197.19, for a total transaction of $5,028,345.00. Following the sale, the director now directly owns 183,400 shares of the company's stock, valued at $36,164,646. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.43% of the company's stock.

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.