Honeywell International Inc. (HON) Shares Bought by First Merchants Corp

First Merchants Corp raised its position in Honeywell International Inc. (NYSE:HON) by 5.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 27,503 shares of the conglomerate’s stock after buying an additional 1,512 shares during the period. First Merchants Corp’s holdings in Honeywell International were worth $3,634,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in Honeywell International by 0.9% in the 3rd quarter. Vanguard Group Inc. now owns 52,084,819 shares of the conglomerate’s stock valued at $8,666,914,000 after buying an additional 456,410 shares during the last quarter. Vanguard Group Inc boosted its position in Honeywell International by 0.9% in the 3rd quarter. Vanguard Group Inc now owns 52,084,819 shares of the conglomerate’s stock valued at $8,666,914,000 after buying an additional 456,410 shares during the last quarter. Franklin Resources Inc. boosted its position in Honeywell International by 0.5% in the 3rd quarter. Franklin Resources Inc. now owns 6,638,377 shares of the conglomerate’s stock valued at $1,104,622,000 after buying an additional 32,372 shares during the last quarter. Clearbridge Investments LLC boosted its position in Honeywell International by 2.3% in the 3rd quarter. Clearbridge Investments LLC now owns 6,249,508 shares of the conglomerate’s stock valued at $1,039,918,000 after buying an additional 139,901 shares during the last quarter. Finally, FMR LLC boosted its position in Honeywell International by 1.9% in the 3rd quarter. FMR LLC now owns 5,829,234 shares of the conglomerate’s stock valued at $969,984,000 after buying an additional 110,894 shares during the last quarter. Hedge funds and other institutional investors own 74.04% of the company’s stock.

A number of research analysts have recently weighed in on the company. Cowen reissued a “buy” rating and issued a $168.00 price target on shares of Honeywell International in a research note on Friday, October 19th. Royal Bank of Canada cut their price target on Honeywell International to $156.00 and set a “positive” rating on the stock in a research note on Monday, October 22nd. Argus reissued a “buy” rating on shares of Honeywell International in a research note on Monday, October 22nd. Morgan Stanley set a $170.00 price target on Honeywell International and gave the company a “buy” rating in a research note on Monday, October 22nd. Finally, ValuEngine downgraded Honeywell International from a “buy” rating to a “hold” rating in a research note on Monday, October 22nd. Five research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $168.88.

In related news, Director Linnet F. Deily sold 4,234 shares of the firm’s stock in a transaction on Wednesday, February 6th. The stock was sold at an average price of $148.75, for a total transaction of $629,807.50. Following the sale, the director now owns 11,369 shares of the company’s stock, valued at approximately $1,691,138.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Krishna Mikkilineni sold 28,281 shares of the firm’s stock in a transaction on Friday, November 23rd. The stock was sold at an average price of $143.61, for a total value of $4,061,434.41. Following the sale, the vice president now directly owns 91,829 shares in the company, valued at approximately $13,187,562.69. The disclosure for this sale can be found here. Insiders have sold a total of 45,915 shares of company stock worth $6,635,984 in the last ninety days. 1.33% of the stock is currently owned by company insiders.

Shares of Honeywell International stock opened at $151.48 on Thursday. The firm has a market cap of $111.98 billion, a P/E ratio of 18.91, a price-to-earnings-growth ratio of 2.09 and a beta of 1.08. Honeywell International Inc. has a 12 month low of $123.48 and a 12 month high of $167.72. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.06 and a current ratio of 1.29.

Honeywell International (NYSE:HON) last issued its quarterly earnings data on Friday, February 1st. The conglomerate reported $1.91 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.88 by $0.03. The business had revenue of $9.73 billion for the quarter, compared to the consensus estimate of $9.72 billion. Honeywell International had a return on equity of 33.36% and a net margin of 16.18%. The firm’s revenue was down 10.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.85 EPS. On average, analysts expect that Honeywell International Inc. will post 7.95 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 8th. Investors of record on Friday, February 22nd will be paid a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a yield of 2.17%. The ex-dividend date is Thursday, February 21st. Honeywell International’s payout ratio is presently 40.95%.

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Honeywell International Profile

Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. It operates through four segments: Aerospace; Home and Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. The Aerospace segment supplies products, software, and services for aircraft and vehicles that it sells to original equipment manufacturers and other customers in various markets, including air transport, regional, business and general aviation aircraft, airlines, aircraft operators, defense and space contractors, and automotive and truck manufacturers.

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

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