Meixler Investment Management Ltd. Boosts Stock Position in Honeywell International Inc. $HON

Meixler Investment Management Ltd. boosted its stake in Honeywell International Inc. (NASDAQ:HON) by 21.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,853 shares of the conglomerate’s stock after acquiring an additional 3,117 shares during the period. Honeywell International accounts for 2.3% of Meixler Investment Management Ltd.’s portfolio, making the stock its 11th largest position. Meixler Investment Management Ltd.’s holdings in Honeywell International were worth $3,758,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Roman Butler Fullerton & Co. increased its holdings in shares of Honeywell International by 4.3% in the 3rd quarter. Roman Butler Fullerton & Co. now owns 2,116 shares of the conglomerate’s stock valued at $451,000 after acquiring an additional 87 shares during the last quarter. Lantz Financial LLC acquired a new position in shares of Honeywell International during the third quarter valued at $312,000. AdvisorShares Investments LLC acquired a new position in Honeywell International during the 3rd quarter valued at about $493,000. German American Bancorp Inc. raised its holdings in shares of Honeywell International by 2.4% during the third quarter. German American Bancorp Inc. now owns 32,295 shares of the conglomerate’s stock valued at $6,798,000 after buying an additional 770 shares during the last quarter. Finally, SPC Financial Inc. raised its stake in Honeywell International by 24.2% during the 3rd quarter. SPC Financial Inc. now owns 1,643 shares of the conglomerate’s stock valued at $346,000 after acquiring an additional 320 shares in the last quarter. 75.91% of the stock is owned by institutional investors.

Insider Activity at Honeywell International

In related news, VP Robert D. Mailloux sold 10,549 shares of the stock in a transaction dated Friday, January 30th. The shares were sold at an average price of $229.00, for a total value of $2,415,721.00. Following the completion of the sale, the vice president owned 4,803 shares in the company, valued at approximately $1,099,887. This trade represents a 68.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.41% of the company’s stock.

Analyst Upgrades and Downgrades

HON has been the topic of a number of recent analyst reports. HSBC dropped their price target on shares of Honeywell International from $290.00 to $266.00 and set a “buy” rating on the stock in a research report on Tuesday, November 11th. Wells Fargo & Company lifted their target price on Honeywell International from $215.00 to $235.00 and gave the stock an “equal weight” rating in a report on Friday, January 30th. Robert W. Baird lifted their target price on shares of Honeywell International from $220.00 to $240.00 and gave the stock a “neutral” rating in a research report on Friday, January 30th. Royal Bank Of Canada increased their target price on Honeywell International from $249.00 to $268.00 and gave the company an “outperform” rating in a report on Friday, January 30th. Finally, Vertical Research lowered shares of Honeywell International from a “buy” rating to a “hold” rating and set a $220.00 price target for the company. in a research report on Monday, January 5th. Eleven investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Honeywell International presently has a consensus rating of “Moderate Buy” and an average target price of $244.50.

Honeywell International Stock Up 1.9%

Honeywell International stock opened at $238.38 on Monday. Honeywell International Inc. has a fifty-two week low of $169.21 and a fifty-two week high of $239.08. The company has a debt-to-equity ratio of 1.76, a current ratio of 1.32 and a quick ratio of 1.05. The firm has a market cap of $151.35 billion, a price-to-earnings ratio of 29.83, a P/E/G ratio of 3.46 and a beta of 0.94. The firm has a fifty day moving average price of $206.77 and a two-hundred day moving average price of $208.52.

Honeywell International (NASDAQ:HON) last released its earnings results on Thursday, January 29th. The conglomerate reported $2.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.54 by $0.05. Honeywell International had a return on equity of 40.40% and a net margin of 12.74%.The firm had revenue of $10.07 billion for the quarter, compared to analyst estimates of $9.60 billion. During the same quarter last year, the firm posted $2.47 EPS. The company’s revenue was up 6.4% on a year-over-year basis. As a group, analysts forecast that Honeywell International Inc. will post 10.34 earnings per share for the current year.

About Honeywell International

Honeywell International Inc is a diversified, publicly traded multinational conglomerate (NASDAQ: HON) that designs and manufactures a wide range of commercial and consumer products, engineering services and aerospace systems. The company operates through major business platforms that historically include Aerospace; Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. Its portfolio spans avionics and propulsion systems, building controls and HVAC equipment, process technologies and advanced materials, industrial automation software, and personal protective equipment and scanning solutions.

Honeywell’s aerospace business supplies aircraft manufacturers and operators with engines and auxiliary power units, avionics, flight safety systems and aftermarket services.