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

ING Groep NV grew its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 6.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,433,014 shares of the conglomerate’s stock after acquiring an additional 83,762 shares during the quarter. Honeywell International accounts for approximately 1.6% of ING Groep NV’s investment portfolio, making the stock its 12th largest position. ING Groep NV owned 0.23% of Honeywell International worth $301,821,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Bank of New York Mellon Corp lifted its stake in Honeywell International by 0.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 6,777,498 shares of the conglomerate’s stock valued at $1,578,344,000 after purchasing an additional 48,968 shares during the last quarter. Unisphere Establishment increased its holdings in shares of Honeywell International by 8.1% during the second quarter. Unisphere Establishment now owns 4,000,000 shares of the conglomerate’s stock worth $931,520,000 after buying an additional 300,000 shares in the last quarter. Legal & General Group Plc lifted its stake in shares of Honeywell International by 3.9% in the 2nd quarter. Legal & General Group Plc now owns 3,725,789 shares of the conglomerate’s stock valued at $867,663,000 after acquiring an additional 138,235 shares during the last quarter. Laurel Wealth Advisors LLC boosted its holdings in shares of Honeywell International by 23,503.0% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 3,716,532 shares of the conglomerate’s stock valued at $865,506,000 after acquiring an additional 3,700,786 shares in the last quarter. Finally, Alliancebernstein L.P. grew its position in Honeywell International by 9.9% during the 2nd quarter. Alliancebernstein L.P. now owns 2,915,387 shares of the conglomerate’s stock worth $678,935,000 after acquiring an additional 263,043 shares during the last quarter. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have commented on HON. Evercore increased their target price on Honeywell International from $255.00 to $265.00 and gave the company an “outperform” rating in a research report on Friday, January 30th. Royal Bank Of Canada upped their price objective on Honeywell International from $249.00 to $268.00 and gave the company an “outperform” rating in a research note on Friday, January 30th. Barclays raised their price objective on shares of Honeywell International from $250.00 to $259.00 and gave the company an “overweight” rating in a report on Friday, January 30th. Citigroup boosted their target price on shares of Honeywell International from $262.00 to $265.00 and gave the stock a “buy” rating in a report on Friday, January 30th. Finally, JPMorgan Chase & Co. raised their price target on shares of Honeywell International from $255.00 to $260.00 and gave the company an “overweight” rating in a research note on Friday, January 30th. Eleven analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $244.50.

Insider Activity at Honeywell International

In related news, VP Robert D. Mailloux sold 5,274 shares of the company’s stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $239.00, for a total transaction of $1,260,486.00. Following the sale, the vice president owned 4,803 shares in the company, valued at $1,147,917. This represents a 52.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.41% of the stock is currently owned by insiders.

Honeywell International Stock Up 1.5%

Shares of NASDAQ HON opened at $243.35 on Wednesday. The company’s 50 day moving average price is $208.77 and its 200-day moving average price is $208.76. 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 Inc. has a 52-week low of $169.21 and a 52-week high of $244.78. The company has a market capitalization of $154.50 billion, a P/E ratio of 30.46, a price-to-earnings-growth ratio of 3.48 and a beta of 0.94.

Honeywell International (NASDAQ:HON) last announced its earnings results on Thursday, January 29th. The conglomerate reported $2.59 earnings per share 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%. Honeywell International’s quarterly revenue was up 6.4% on a year-over-year basis. During the same quarter last year, the firm earned $2.47 earnings per share. Equities analysts forecast 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.