ING Groep NV Buys 83,762 Shares of Honeywell International Inc. $HON

ING Groep NV boosted its stake in Honeywell International Inc. (NASDAQ:HON) by 6.2% in the third quarter, HoldingsChannel reports. The firm owned 1,433,014 shares of the conglomerate’s stock after buying an additional 83,762 shares during the period. Honeywell International makes up about 1.6% of ING Groep NV’s portfolio, making the stock its 12th largest position. ING Groep NV’s holdings in Honeywell International were worth $301,821,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Barnes Dennig Private Wealth Management LLC grew its stake in shares of Honeywell International by 491.7% in the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 142 shares of the conglomerate’s stock valued at $30,000 after buying an additional 118 shares during the period. Activest Wealth Management boosted its holdings in Honeywell International by 425.9% in the second quarter. Activest Wealth Management now owns 142 shares of the conglomerate’s stock worth $33,000 after acquiring an additional 115 shares in the last quarter. Howard Hughes Medical Institute bought a new position in Honeywell International in the second quarter worth approximately $33,000. Cedar Mountain Advisors LLC grew its stake in Honeywell International by 116.7% in the third quarter. Cedar Mountain Advisors LLC now owns 156 shares of the conglomerate’s stock valued at $33,000 after acquiring an additional 84 shares during the period. Finally, SJS Investment Consulting Inc. increased its holdings in shares of Honeywell International by 833.3% during the third quarter. SJS Investment Consulting Inc. now owns 168 shares of the conglomerate’s stock valued at $35,000 after acquiring an additional 150 shares in the last quarter. Institutional investors and hedge funds own 75.91% of the company’s stock.

Wall Street Analyst Weigh In

HON has been the topic of a number of recent research reports. TD Cowen cut their target price on Honeywell International from $250.00 to $240.00 and set a “buy” rating on the stock in a report on Monday, November 10th. Daiwa Securities Group upped their price objective on shares of Honeywell International from $230.00 to $240.00 in a report on Tuesday, February 3rd. BNP Paribas Exane lifted their price objective on shares of Honeywell International from $195.00 to $215.00 and gave the company a “neutral” rating in a report on Monday, February 2nd. Weiss Ratings reissued a “hold (c+)” rating on shares of Honeywell International in a research report on Monday, December 29th. Finally, DZ Bank dropped their price target on shares of Honeywell International from $248.00 to $237.00 in a research report on Tuesday, December 23rd. Eleven research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $244.50.

Honeywell International Stock Performance

Shares of HON stock opened at $243.35 on Wednesday. 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 50-day moving average of $208.77 and a 200-day moving average of $208.76. Honeywell International Inc. has a one year low of $169.21 and a one year high of $244.78. The company has a market cap of $154.50 billion, a P/E ratio of 30.46, a P/E/G ratio of 3.48 and a beta of 0.94.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings data on Thursday, January 29th. The conglomerate reported $2.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.54 by $0.05. The business had revenue of $10.07 billion during the quarter, compared to the consensus estimate of $9.60 billion. Honeywell International had a net margin of 12.74% and a return on equity of 40.40%. The firm’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.47 EPS. Equities research analysts forecast that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Insider Activity

In related news, VP Robert D. Mailloux sold 10,549 shares of the stock in a transaction that occurred on Friday, January 30th. The stock was sold at an average price of $229.00, for a total transaction of $2,415,721.00. Following the completion of the sale, the vice president directly owned 4,803 shares of the company’s stock, valued at approximately $1,099,887. This trade represents a 68.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.41% of the stock is currently owned by corporate insiders.

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.