Baader Bank Aktiengesellschaft Acquires New Shares in Honeywell International Inc. $HON

Baader Bank Aktiengesellschaft bought a new position in shares of Honeywell International Inc. (NASDAQ:HON) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 10,400 shares of the conglomerate’s stock, valued at approximately $2,189,000.

Several other institutional investors also recently bought and sold shares of HON. Summit Wealth Group LLC raised its stake in shares of Honeywell International by 4.3% in the 2nd quarter. Summit Wealth Group LLC now owns 1,115 shares of the conglomerate’s stock valued at $260,000 after acquiring an additional 46 shares in the last quarter. Nova R Wealth Inc. grew its holdings in Honeywell International by 3.0% during the third quarter. Nova R Wealth Inc. now owns 1,594 shares of the conglomerate’s stock valued at $335,000 after purchasing an additional 47 shares during the last quarter. Fielder Capital Group LLC raised its position in shares of Honeywell International by 2.1% in the second quarter. Fielder Capital Group LLC now owns 2,373 shares of the conglomerate’s stock valued at $553,000 after purchasing an additional 48 shares during the period. Revolve Wealth Partners LLC lifted its stake in shares of Honeywell International by 2.1% in the second quarter. Revolve Wealth Partners LLC now owns 2,437 shares of the conglomerate’s stock worth $568,000 after buying an additional 51 shares during the last quarter. Finally, Wealth Management Associates Inc. lifted its stake in shares of Honeywell International by 4.2% in the second quarter. Wealth Management Associates Inc. now owns 1,268 shares of the conglomerate’s stock worth $295,000 after buying an additional 51 shares during the last quarter. 75.91% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on HON. Wall Street Zen upgraded shares of Honeywell International to a “hold” rating in a research note on Saturday, January 3rd. Citigroup upped their price target on shares of Honeywell International from $262.00 to $265.00 and gave the company a “buy” rating in a report on Friday, January 30th. Rothschild & Co Redburn lifted their price objective on Honeywell International from $222.00 to $235.00 and gave the stock a “neutral” rating in a research note on Monday, February 2nd. HSBC cut their price objective on Honeywell International from $290.00 to $266.00 and set a “buy” rating for the company in a research report on Tuesday, November 11th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on Honeywell International from $259.00 to $273.00 and gave the company a “buy” rating in a report on Friday, January 30th. Eleven analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $244.50.

Honeywell International Price Performance

Shares of HON stock opened at $243.35 on Wednesday. Honeywell International Inc. has a 12 month low of $169.21 and a 12 month high of $244.78. The company has a market capitalization 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. The stock has a 50 day moving average of $208.77 and a two-hundred day moving average of $208.76. The company has a current ratio of 1.32, a quick ratio of 1.05 and a debt-to-equity ratio of 1.76.

Honeywell International (NASDAQ:HON) last issued its earnings results on Thursday, January 29th. The conglomerate reported $2.59 EPS for the quarter, beating analysts’ consensus estimates of $2.54 by $0.05. The business had revenue of $10.07 billion during the quarter, compared to analyst estimates of $9.60 billion. Honeywell International had a return on equity of 40.40% and a net margin of 12.74%.Honeywell International’s revenue was up 6.4% on a year-over-year basis. During the same period in the prior year, the company posted $2.47 earnings per share. As a group, equities analysts expect that Honeywell International Inc. will post 10.34 EPS for the current year.

Insider Activity

In other news, VP Robert D. Mailloux sold 10,549 shares of the firm’s stock in a transaction dated Friday, January 30th. The shares were sold at an average price of $229.00, for a total transaction of $2,415,721.00. Following the completion of the transaction, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.41% of the company’s stock.

Honeywell International Profile

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.