Meeder Asset Management Inc. Has $78,000 Stake in Honeywell International Inc. (NASDAQ:HON)

Meeder Asset Management Inc. lifted its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 221.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 347 shares of the conglomerate’s stock after acquiring an additional 239 shares during the period. Meeder Asset Management Inc.’s holdings in Honeywell International were worth $78,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of HON. Raymond James Financial Inc. acquired a new position in shares of Honeywell International during the fourth quarter worth approximately $435,786,000. ING Groep NV increased its stake in Honeywell International by 884.0% during the 4th quarter. ING Groep NV now owns 1,752,472 shares of the conglomerate’s stock valued at $395,866,000 after purchasing an additional 1,574,376 shares in the last quarter. Wellington Management Group LLP raised its holdings in Honeywell International by 8.4% during the third quarter. Wellington Management Group LLP now owns 17,826,700 shares of the conglomerate’s stock worth $3,684,957,000 after buying an additional 1,376,479 shares during the last quarter. Cibc World Markets Corp lifted its stake in shares of Honeywell International by 411.8% in the fourth quarter. Cibc World Markets Corp now owns 1,265,358 shares of the conglomerate’s stock valued at $285,832,000 after buying an additional 1,018,099 shares in the last quarter. Finally, Boston Partners grew its holdings in shares of Honeywell International by 29.2% during the fourth quarter. Boston Partners now owns 2,994,634 shares of the conglomerate’s stock valued at $675,986,000 after buying an additional 677,213 shares during the last quarter. Institutional investors and hedge funds own 75.91% of the company’s stock.

Insider Activity at Honeywell International

In related news, VP Anne T. Madden sold 28,885 shares of Honeywell International stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $207.89, for a total value of $6,004,902.65. Following the completion of the transaction, the vice president now directly owns 41,580 shares in the company, valued at approximately $8,644,066.20. The trade was a 40.99 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.41% of the stock is currently owned by company insiders.

Honeywell International Stock Performance

Shares of HON stock opened at $213.45 on Wednesday. Honeywell International Inc. has a 52 week low of $189.75 and a 52 week high of $242.77. The firm’s 50-day simple moving average is $212.76 and its two-hundred day simple moving average is $217.19. The firm has a market cap of $138.73 billion, a price-to-earnings ratio of 24.51, a P/E/G ratio of 2.51 and a beta of 1.08. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.01 and a current ratio of 1.31.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings data on Thursday, February 6th. The conglomerate reported $2.47 EPS for the quarter, beating the consensus estimate of $2.37 by $0.10. Honeywell International had a return on equity of 35.78% and a net margin of 14.82%. As a group, equities analysts forecast that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a $1.13 dividend. This represents a $4.52 annualized dividend and a yield of 2.12%. The ex-dividend date was Friday, February 28th. Honeywell International’s dividend payout ratio (DPR) is currently 51.89%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on HON shares. Hsbc Global Res upgraded shares of Honeywell International to a “strong-buy” rating in a report on Wednesday, December 11th. Barclays lowered their price objective on Honeywell International from $251.00 to $247.00 and set an “overweight” rating for the company in a research note on Wednesday, March 26th. Royal Bank of Canada cut their target price on Honeywell International from $253.00 to $236.00 and set a “sector perform” rating on the stock in a research report on Friday, February 7th. Jefferies Financial Group increased their price target on Honeywell International from $220.00 to $260.00 and gave the company a “hold” rating in a research report on Tuesday, December 17th. Finally, HSBC raised shares of Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 price objective on the stock in a report on Wednesday, December 11th. Ten analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $249.08.

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.