Meixler Investment Management Ltd. Acquires New Shares in Honeywell International Inc. (NASDAQ:HON)

Meixler Investment Management Ltd. acquired a new position in Honeywell International Inc. (NASDAQ:HON - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 5,392 shares of the conglomerate's stock, valued at approximately $1,218,000. Honeywell International accounts for 0.9% of Meixler Investment Management Ltd.'s investment portfolio, making the stock its 23rd largest position.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Creative Planning raised its holdings in shares of Honeywell International by 6.2% during the third quarter. Creative Planning now owns 230,532 shares of the conglomerate's stock worth $47,653,000 after acquiring an additional 13,420 shares in the last quarter. Vontobel Holding Ltd. lifted its holdings in shares of Honeywell International by 15.6% during the 3rd quarter. Vontobel Holding Ltd. now owns 20,313 shares of the conglomerate's stock valued at $4,199,000 after buying an additional 2,742 shares during the last quarter. Cornerstone Wealth Management LLC increased its holdings in Honeywell International by 8.4% in the third quarter. Cornerstone Wealth Management LLC now owns 2,978 shares of the conglomerate's stock worth $616,000 after buying an additional 231 shares during the last quarter. Secure Asset Management LLC bought a new position in Honeywell International during the third quarter valued at approximately $304,000. Finally, Howard Capital Management Group LLC lifted its stake in Honeywell International by 6.7% in the third quarter. Howard Capital Management Group LLC now owns 2,760 shares of the conglomerate's stock valued at $571,000 after acquiring an additional 174 shares during the last quarter. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Honeywell International Stock Performance

Shares of HON stock traded up $2.77 during mid-day trading on Wednesday, reaching $210.81. The stock had a trading volume of 5,063,313 shares, compared to its average volume of 4,124,301. Honeywell International Inc. has a one year low of $189.75 and a one year high of $242.77. The firm has a market cap of $137.08 billion, a PE ratio of 24.20, a P/E/G ratio of 2.41 and a beta of 1.05. The firm's 50 day simple moving average is $221.07 and its 200 day simple moving average is $215.19. The company has a quick ratio of 1.01, a current ratio of 1.31 and a debt-to-equity ratio of 1.33.

Honeywell International (NASDAQ:HON - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The conglomerate reported $2.47 earnings per share for the quarter, topping analysts' consensus estimates of $2.37 by $0.10. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. On average, analysts forecast that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be issued a $1.13 dividend. The ex-dividend date is Friday, February 28th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.14%. Honeywell International's payout ratio is presently 51.89%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on HON. Deutsche Bank Aktiengesellschaft upgraded shares of Honeywell International from a "hold" rating to a "buy" rating and raised their price target for the company from $236.00 to $260.00 in a report on Friday, February 7th. Wolfe Research cut Honeywell International from an "outperform" rating to a "peer perform" rating in a research report on Monday, October 28th. StockNews.com downgraded Honeywell International from a "buy" rating to a "hold" rating in a research note on Monday, December 23rd. The Goldman Sachs Group upped their target price on Honeywell International from $227.00 to $256.00 and gave the stock a "buy" rating in a research report on Thursday, December 12th. Finally, Robert W. Baird lowered shares of Honeywell International from an "outperform" rating to a "neutral" rating and dropped their price target for the company from $223.00 to $217.00 in a research report on Friday, October 25th. Ten research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Honeywell International currently has an average rating of "Moderate Buy" and an average price target of $248.71.

Insider Buying and Selling

In related news, VP Anne T. Madden sold 28,885 shares of the company's stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $207.89, for a total transaction of $6,004,902.65. Following the transaction, the vice president now owns 41,580 shares in the company, valued at $8,644,066.20. This represents a 40.99 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.41% of the stock is owned by corporate insiders.

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.