Baader Bank Aktiengesellschaft Invests $2.19 Million in Honeywell International Inc. $HON

Baader Bank Aktiengesellschaft purchased a new stake in Honeywell International Inc. (NASDAQ:HON) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 10,400 shares of the conglomerate’s stock, valued at approximately $2,189,000.

A number of other large investors have also recently bought and sold shares of the stock. Lockheed Martin Investment Management Co. bought a new stake in Honeywell International during the 3rd quarter worth approximately $4,147,000. Triton Financial Group Inc acquired a new position in Honeywell International in the second quarter worth $1,001,000. Managed Asset Portfolios LLC grew its holdings in shares of Honeywell International by 2.3% during the second quarter. Managed Asset Portfolios LLC now owns 95,833 shares of the conglomerate’s stock worth $22,317,000 after purchasing an additional 2,154 shares during the last quarter. Federated Hermes Inc. grew its holdings in shares of Honeywell International by 72.5% during the third quarter. Federated Hermes Inc. now owns 9,663 shares of the conglomerate’s stock worth $2,034,000 after purchasing an additional 4,061 shares during the last quarter. Finally, First National Trust Co increased its stake in shares of Honeywell International by 9.4% in the third quarter. First National Trust Co now owns 79,086 shares of the conglomerate’s stock valued at $16,648,000 after buying an additional 6,803 shares in the last quarter. 75.91% of the stock is currently owned by institutional investors.

Insider Activity at Honeywell International

In related news, VP Robert D. Mailloux sold 5,274 shares of the stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $239.00, for a total value of $1,260,486.00. Following the sale, the vice president directly owned 4,803 shares in the company, valued at $1,147,917. This trade represents a 52.34% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.41% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Jefferies Financial Group upped their price target on shares of Honeywell International from $220.00 to $240.00 in a research report on Tuesday, February 3rd. The Goldman Sachs Group lowered their price target on shares of Honeywell International from $245.00 to $236.00 and set a “buy” rating for the company in a report on Tuesday, December 16th. DZ Bank reduced their price objective on Honeywell International from $248.00 to $237.00 in a report on Tuesday, December 23rd. BNP Paribas Exane increased their price objective on Honeywell International from $195.00 to $215.00 and gave the company a “neutral” rating in a research report on Monday, February 2nd. Finally, Wall Street Zen upgraded Honeywell International to a “hold” rating in a research report on Saturday, January 3rd. Eleven investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $244.50.

Honeywell International Price Performance

HON opened at $243.35 on Wednesday. The company has a fifty day moving average price of $208.77 and a two-hundred day moving average price of $208.76. The firm has a market capitalization of $154.50 billion, a PE ratio of 30.46, a P/E/G ratio of 3.48 and a beta of 0.94. Honeywell International Inc. has a 52 week low of $169.21 and a 52 week high of $244.78. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.05 and a current ratio of 1.32.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings data on Thursday, January 29th. The conglomerate reported $2.59 EPS for the quarter, topping 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 business had revenue of $10.07 billion during the quarter, compared to analysts’ expectations of $9.60 billion. During the same period in the previous year, the firm earned $2.47 earnings per share. The firm’s quarterly revenue was up 6.4% compared to the same quarter last year. As a group, analysts anticipate 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.