Meyer Handelman Co. lowered its stake in shares of Honeywell International Inc. (NYSE:HON) by 3.5% during the second quarter, Holdings Channel reports. The fund owned 653,575 shares of the conglomerate’s stock after selling 24,044 shares during the period. Honeywell International comprises about 3.7% of Meyer Handelman Co.’s investment portfolio, making the stock its largest position. Meyer Handelman Co.’s holdings in Honeywell International were worth $87,115,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of HON. Hanson McClain Inc. raised its position in shares of Honeywell International by 0.4% in the first quarter. Hanson McClain Inc. now owns 810 shares of the conglomerate’s stock valued at $101,000 after buying an additional 3 shares during the last quarter. Addison Capital Co raised its position in shares of Honeywell International by 0.3% in the second quarter. Addison Capital Co now owns 2,643 shares of the conglomerate’s stock valued at $352,000 after buying an additional 7 shares during the last quarter. Weatherly Asset Management L. P. raised its position in shares of Honeywell International by 0.3% in the first quarter. Weatherly Asset Management L. P. now owns 2,496 shares of the conglomerate’s stock valued at $312,000 after buying an additional 8 shares during the last quarter. Keel Point LLC raised its position in shares of Honeywell International by 0.3% in the first quarter. Keel Point LLC now owns 3,487 shares of the conglomerate’s stock valued at $435,000 after buying an additional 10 shares during the last quarter. Finally, Hudock Capital Group LLC raised its position in shares of Honeywell International by 0.3% in the first quarter. Hudock Capital Group LLC now owns 4,027 shares of the conglomerate’s stock valued at $502,000 after buying an additional 14 shares during the last quarter. 76.43% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Honeywell International Inc. (NYSE:HON) traded down 0.47% during mid-day trading on Friday, reaching $136.59. The company had a trading volume of 2,347,107 shares. Honeywell International Inc. has a 12 month low of $105.25 and a 12 month high of $140.21. The firm’s 50-day moving average is $135.93 and its 200 day moving average is $129.42. The company has a market capitalization of $103.89 billion, a price-to-earnings ratio of 21.18 and a beta of 0.94.

Honeywell International (NYSE:HON) last released its earnings results on Friday, July 21st. The conglomerate reported $1.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.78 by $0.02. The business had revenue of $10.08 billion for the quarter, compared to the consensus estimate of $9.89 billion. Honeywell International had a return on equity of 26.60% and a net margin of 12.68%. Honeywell International’s quarterly revenue was up .9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.70 earnings per share. On average, equities research analysts predict that Honeywell International Inc. will post $7.10 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 8th. Shareholders of record on Friday, August 18th will be given a dividend of $0.665 per share. This represents a $2.66 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date is Wednesday, August 16th. Honeywell International’s dividend payout ratio (DPR) is presently 41.24%.

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HON has been the topic of several research reports. Zacks Investment Research lowered Honeywell International from a “hold” rating to a “sell” rating in a research report on Wednesday, April 19th. Credit Suisse Group reaffirmed a “hold” rating and issued a $122.00 target price on shares of Honeywell International in a research report on Friday, April 21st. Royal Bank Of Canada upped their target price on Honeywell International from $144.00 to $145.00 and gave the stock an “outperform” rating in a research report on Monday, April 24th. Cowen and Company reaffirmed a “buy” rating on shares of Honeywell International in a research report on Monday, April 24th. Finally, Barclays PLC upped their target price on Honeywell International from $139.00 to $140.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 25th. One analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. Honeywell International presently has a consensus rating of “Buy” and an average target price of $139.17.

In other Honeywell International news, Director Bradley T. Sheares sold 3,430 shares of the business’s stock in a transaction that occurred on Friday, May 19th. The stock was sold at an average price of $131.71, for a total transaction of $451,765.30. Following the transaction, the director now owns 8,731 shares of the company’s stock, valued at $1,149,960.01. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, VP Jennifer H. Mak sold 5,510 shares of the business’s stock in a transaction that occurred on Tuesday, May 23rd. The stock was sold at an average price of $131.88, for a total value of $726,658.80. Following the transaction, the vice president now directly owns 3,141 shares in the company, valued at approximately $414,235.08. The disclosure for this sale can be found here. In the last three months, insiders have sold 473,229 shares of company stock worth $64,546,642. Company insiders own 1.56% of the company’s stock.

About Honeywell International

Honeywell International Inc is a technology and manufacturing company. The Company operates through four segments: Aerospace, Home and Building Technologies, Performance Materials and Technologies, and Safety and Productivity Solutions. The Company’s Aerospace segment supplies products, software and services for aircraft and vehicles that it sells to original equipment manufacturers (OEMs) and other customers.

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Institutional Ownership by Quarter for Honeywell International (NYSE:HON)

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