Meiji Yasuda Asset Management Co Ltd. Grows Stock Holdings in Honeywell International Inc. (NASDAQ:HON)

Meiji Yasuda Asset Management Co Ltd. grew its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 2.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 22,284 shares of the conglomerate’s stock after acquiring an additional 589 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in Honeywell International were worth $4,759,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. LGT Group Foundation bought a new stake in Honeywell International during the 1st quarter worth approximately $26,000. Scarborough Advisors LLC purchased a new position in shares of Honeywell International during the 4th quarter valued at $27,000. Richardson Capital Management LLC bought a new position in shares of Honeywell International in the first quarter worth $35,000. Financial Connections Group Inc. purchased a new stake in shares of Honeywell International in the second quarter worth $38,000. Finally, Pathway Financial Advisers LLC bought a new stake in Honeywell International during the first quarter valued at $39,000. 75.91% of the stock is owned by institutional investors.

Honeywell International Stock Down 1.3 %

Shares of NASDAQ:HON opened at $201.64 on Thursday. The stock has a market capitalization of $131.31 billion, a P/E ratio of 23.37, a price-to-earnings-growth ratio of 2.32 and a beta of 1.03. The stock’s 50-day moving average price is $204.96 and its 200-day moving average price is $203.39. The company has a current ratio of 1.21, a quick ratio of 0.91 and a debt-to-equity ratio of 1.19. Honeywell International Inc. has a 12-month low of $174.88 and a 12-month high of $220.79.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings results on Thursday, July 25th. The conglomerate reported $2.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.42 by $0.07. The business had revenue of $9.58 billion for the quarter, compared to analyst estimates of $9.41 billion. Honeywell International had a return on equity of 36.87% and a net margin of 15.49%. Honeywell International’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period last year, the company earned $2.23 EPS. On average, equities analysts anticipate that Honeywell International Inc. will post 10.11 earnings per share for the current year.

Honeywell International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Friday, August 16th were issued a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a yield of 2.14%. The ex-dividend date was Friday, August 16th. Honeywell International’s dividend payout ratio (DPR) is presently 50.06%.

Wall Street Analyst Weigh In

HON has been the topic of several recent analyst reports. Citigroup raised their price target on Honeywell International from $243.00 to $244.00 and gave the company a “buy” rating in a report on Tuesday, June 4th. UBS Group raised shares of Honeywell International from a “sell” rating to a “neutral” rating and raised their target price for the company from $175.00 to $215.00 in a research note on Monday, June 10th. Wells Fargo & Company cut their price target on shares of Honeywell International from $220.00 to $215.00 and set an “equal weight” rating for the company in a research note on Friday, July 26th. StockNews.com cut shares of Honeywell International from a “buy” rating to a “hold” rating in a research report on Friday, August 30th. Finally, Daiwa America upgraded shares of Honeywell International to a “moderate buy” rating in a research report on Wednesday, June 5th. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Honeywell International currently has a consensus rating of “Hold” and an average price target of $223.13.

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.