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

Meeder Asset Management Inc. cut its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 88.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 381 shares of the conglomerate’s stock after selling 2,985 shares during the period. Meeder Asset Management Inc.’s holdings in Honeywell International were worth $81,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of HON. Price T Rowe Associates Inc. MD boosted its position in Honeywell International by 32.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 7,840,959 shares of the conglomerate’s stock worth $1,644,328,000 after purchasing an additional 1,899,373 shares during the last quarter. Natixis lifted its position in shares of Honeywell International by 184.8% during the 1st quarter. Natixis now owns 838,716 shares of the conglomerate’s stock valued at $172,146,000 after buying an additional 544,175 shares in the last quarter. Capital Research Global Investors lifted its position in shares of Honeywell International by 20.4% during the 4th quarter. Capital Research Global Investors now owns 3,189,925 shares of the conglomerate’s stock valued at $668,959,000 after buying an additional 539,644 shares in the last quarter. First Financial Bankshares Inc purchased a new position in shares of Honeywell International during the 4th quarter valued at about $72,580,000. Finally, Janus Henderson Group PLC lifted its position in shares of Honeywell International by 8.1% during the 1st quarter. Janus Henderson Group PLC now owns 2,698,596 shares of the conglomerate’s stock valued at $553,880,000 after buying an additional 202,358 shares in the last quarter. 75.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Citigroup lifted their price objective on Honeywell International from $243.00 to $244.00 and gave the company a “buy” rating in a research report on Tuesday, June 4th. StockNews.com cut Honeywell International from a “buy” rating to a “hold” rating in a research report on Friday, August 30th. Royal Bank of Canada lowered their price objective on Honeywell International from $218.00 to $214.00 and set a “sector perform” rating on the stock in a research report on Friday, July 26th. Daiwa America raised Honeywell International to a “moderate buy” rating in a research note on Wednesday, June 5th. Finally, UBS Group raised Honeywell International from a “sell” rating to a “neutral” rating and lifted their target price for the company from $175.00 to $215.00 in a research note on Monday, June 10th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Honeywell International currently has a consensus rating of “Hold” and a consensus price target of $223.13.

Honeywell International Stock Performance

NASDAQ:HON opened at $204.15 on Friday. 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 1 year low of $174.88 and a 1 year high of $220.79. The stock’s 50 day simple moving average is $205.48 and its two-hundred day simple moving average is $203.28. The company has a market cap of $132.63 billion, a price-to-earnings ratio of 23.66, a PEG ratio of 2.32 and a beta of 1.03.

Honeywell International (NASDAQ:HON) last released its quarterly earnings data on Thursday, July 25th. The conglomerate reported $2.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.42 by $0.07. Honeywell International had a return on equity of 36.87% and a net margin of 15.49%. The business had revenue of $9.58 billion for the quarter, compared to the consensus estimate of $9.41 billion. During the same quarter in the previous year, the company posted $2.23 EPS. The company’s revenue was up 4.7% compared to the same quarter last year. As a group, equities analysts anticipate that Honeywell International Inc. will post 10.11 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Friday, August 16th were issued a $1.08 dividend. The ex-dividend date was Friday, August 16th. This represents a $4.32 annualized dividend and a dividend yield of 2.12%. Honeywell International’s dividend payout ratio (DPR) is presently 50.06%.

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.