ING Groep NV Acquires 1,574,376 Shares of Honeywell International Inc. (NASDAQ:HON)

ING Groep NV lifted its holdings in Honeywell International Inc. (NASDAQ:HON) by 884.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,752,472 shares of the conglomerate’s stock after acquiring an additional 1,574,376 shares during the quarter. Honeywell International accounts for 2.7% of ING Groep NV’s holdings, making the stock its 6th biggest position. ING Groep NV’s holdings in Honeywell International were worth $395,866,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. State Street Corp lifted its holdings in Honeywell International by 0.3% during the third quarter. State Street Corp now owns 31,026,897 shares of the conglomerate’s stock valued at $6,413,570,000 after purchasing an additional 92,112 shares in the last quarter. Wellington Management Group LLP lifted its holdings in Honeywell International by 8.4% during 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 purchasing an additional 1,376,479 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Honeywell International by 4.0% during the third quarter. Geode Capital Management LLC now owns 14,360,730 shares of the conglomerate’s stock valued at $2,959,535,000 after purchasing an additional 547,998 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in Honeywell International by 7.2% during the third quarter. Janus Henderson Group PLC now owns 3,978,872 shares of the conglomerate’s stock valued at $822,458,000 after purchasing an additional 265,789 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Honeywell International by 1.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,784,199 shares of the conglomerate’s stock valued at $782,232,000 after purchasing an additional 42,287 shares in the last quarter. Institutional investors and hedge funds own 75.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on HON shares. Jefferies Financial Group increased their price objective on shares of Honeywell International from $220.00 to $260.00 and gave the company a “hold” rating in a report on Tuesday, December 17th. Barclays reduced their target price on shares of Honeywell International from $260.00 to $251.00 and set an “overweight” rating for the company in a research report on Monday, February 10th. Hsbc Global Res upgraded shares of Honeywell International to a “strong-buy” rating in a research report on Wednesday, December 11th. UBS Group reiterated a “buy” rating and issued a $298.00 target price (up from $215.00) on shares of Honeywell International in a research report on Wednesday, November 13th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and increased their target price for the company from $236.00 to $260.00 in a research report on Friday, February 7th. Ten investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Honeywell International presently has an average rating of “Moderate Buy” and an average target price of $248.71.

Honeywell International Price Performance

NASDAQ:HON opened at $210.81 on Thursday. Honeywell International Inc. has a 12-month low of $189.75 and a 12-month high of $242.77. The company’s 50-day moving average is $221.07 and its two-hundred day moving average is $215.19. The company has a current ratio of 1.31, a quick ratio of 1.01 and a debt-to-equity ratio of 1.33. The firm has a market cap of $137.08 billion, a price-to-earnings ratio of 24.20, a price-to-earnings-growth ratio of 2.41 and a beta of 1.05.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings data on Thursday, February 6th. The conglomerate reported $2.47 EPS for the quarter, beating 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%. Research analysts expect that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be given a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a yield of 2.14%. The ex-dividend date of this dividend is Friday, February 28th. Honeywell International’s dividend payout ratio (DPR) is presently 51.89%.

Insider Buying and Selling

In other Honeywell International 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 sale, the vice president now owns 41,580 shares of the company’s stock, valued at $8,644,066.20. This trade represents a 40.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.41% of the company’s stock.

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.