Honeywell International Inc. (NASDAQ:HON) Shares Bought by NEOS Investment Management LLC

NEOS Investment Management LLC lifted its position in shares of Honeywell International Inc. (NASDAQ:HON) by 24.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 80,642 shares of the conglomerate’s stock after buying an additional 15,904 shares during the period. NEOS Investment Management LLC’s holdings in Honeywell International were worth $18,216,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Raymond James Financial Inc. acquired a new stake in Honeywell International during the fourth quarter worth about $435,786,000. ING Groep NV increased its position in Honeywell International by 884.0% during the 4th quarter. ING Groep NV now owns 1,752,472 shares of the conglomerate’s stock worth $395,866,000 after purchasing an additional 1,574,376 shares in the last quarter. Wellington Management Group LLP raised its holdings in Honeywell International by 8.4% in the third quarter. Wellington Management Group LLP now owns 17,826,700 shares of the conglomerate’s stock valued at $3,684,957,000 after buying an additional 1,376,479 shares during the period. Cibc World Markets Corp lifted its position in Honeywell International by 411.8% during the fourth quarter. Cibc World Markets Corp now owns 1,265,358 shares of the conglomerate’s stock valued at $285,832,000 after buying an additional 1,018,099 shares in the last quarter. Finally, Boston Partners grew its stake in Honeywell International by 29.2% during the fourth quarter. Boston Partners now owns 2,994,634 shares of the conglomerate’s stock worth $675,986,000 after buying an additional 677,213 shares during the period. 75.91% of the stock is owned by hedge funds and other institutional investors.

Honeywell International Price Performance

Shares of HON stock opened at $213.12 on Thursday. The firm has a market cap of $138.51 billion, a P/E ratio of 24.47, a P/E/G ratio of 2.51 and a beta of 1.08. Honeywell International Inc. has a 1-year low of $189.75 and a 1-year high of $242.77. The firm has a fifty day moving average of $213.62 and a two-hundred day moving average of $216.83. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.31 and a quick ratio of 1.01.

Honeywell International (NASDAQ:HON) last issued its earnings results on Thursday, February 6th. The conglomerate reported $2.47 earnings per share for the quarter, topping analysts’ consensus estimates of $2.37 by $0.10. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. As a group, research analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date of this dividend was Friday, February 28th. Honeywell International’s payout ratio is 51.89%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Hsbc Global Res raised shares of Honeywell International to a “strong-buy” rating in a research note on Wednesday, December 11th. Jefferies Financial Group raised their price objective on Honeywell International from $220.00 to $260.00 and gave the company a “hold” rating in a research report on Tuesday, December 17th. Morgan Stanley upped their target price on Honeywell International from $210.00 to $217.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 11th. JPMorgan Chase & Co. dropped their target price on Honeywell International from $233.00 to $231.00 and set a “neutral” rating on the stock in a report on Wednesday, January 15th. Finally, Deutsche Bank Aktiengesellschaft upgraded Honeywell International from a “hold” rating to a “buy” rating and upped their price target for the stock from $236.00 to $260.00 in a report on Friday, February 7th. Ten investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $249.08.

Insider Activity at Honeywell International

In other news, VP Anne T. Madden sold 28,885 shares of the stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $207.89, for a total value of $6,004,902.65. Following the completion of the transaction, the vice president now directly owns 41,580 shares in the company, valued at $8,644,066.20. This trade represents a 40.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.41% of the stock is currently owned by insiders.

About Honeywell International

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.