Van ECK Associates Corp Purchases 36,018 Shares of Honeywell International Inc. $HON

Van ECK Associates Corp grew its position in shares of Honeywell International Inc. (NASDAQ:HON) by 32.9% in the third quarter, HoldingsChannel reports. The fund owned 145,455 shares of the conglomerate’s stock after acquiring an additional 36,018 shares during the period. Van ECK Associates Corp’s holdings in Honeywell International were worth $30,618,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Barnes Dennig Private Wealth Management LLC boosted its stake in shares of Honeywell International by 491.7% during the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 142 shares of the conglomerate’s stock worth $30,000 after buying an additional 118 shares during the last quarter. Howard Hughes Medical Institute bought a new position in Honeywell International in the second quarter valued at approximately $33,000. Cedar Mountain Advisors LLC raised its stake in shares of Honeywell International by 116.7% during the 3rd quarter. Cedar Mountain Advisors LLC now owns 156 shares of the conglomerate’s stock worth $33,000 after purchasing an additional 84 shares in the last quarter. SJS Investment Consulting Inc. increased its holdings in Honeywell International by 833.3% during the third quarter. SJS Investment Consulting Inc. now owns 168 shares of the conglomerate’s stock worth $35,000 after buying an additional 150 shares during the last quarter. Finally, Cloud Capital Management LLC acquired a new stake in Honeywell International in the third quarter valued at $35,000. Institutional investors and hedge funds own 75.91% of the company’s stock.

Analyst Ratings Changes

HON has been the topic of a number of research analyst reports. Wells Fargo & Company upped their target price on shares of Honeywell International from $215.00 to $235.00 and gave the company an “equal weight” rating in a report on Friday, January 30th. Jefferies Financial Group raised their price objective on Honeywell International from $240.00 to $245.00 and gave the company a “hold” rating in a research report on Wednesday, March 4th. Wolfe Research raised Honeywell International from a “peer perform” rating to an “outperform” rating and set a $293.00 target price on the stock in a report on Friday, February 27th. Barclays increased their price target on Honeywell International from $259.00 to $275.00 and gave the company an “overweight” rating in a research note on Tuesday, March 3rd. Finally, Argus raised their price target on Honeywell International from $250.00 to $290.00 and gave the company a “buy” rating in a report on Wednesday, February 18th. Twelve research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $251.65.

Insider Activity

In other Honeywell International news, Director D Scott Davis sold 2,367 shares of the business’s stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $240.00, for a total value of $568,080.00. Following the completion of the sale, the director owned 31,081 shares of the company’s stock, valued at $7,459,440. The trade was a 7.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Robert D. Mailloux sold 5,274 shares of the stock in a transaction that occurred on 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 transaction, the vice president owned 4,803 shares in the company, valued at approximately $1,147,917. The trade was a 52.34% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 18,190 shares of company stock valued at $4,244,287 in the last quarter. Corporate insiders own 0.20% of the company’s stock.

Honeywell International Stock Performance

HON opened at $239.44 on Thursday. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.30 and a quick ratio of 1.03. The business has a fifty day simple moving average of $228.24 and a 200 day simple moving average of $212.16. Honeywell International Inc. has a 1 year low of $169.21 and a 1 year high of $248.18. The company has a market capitalization of $152.21 billion, a PE ratio of 29.97, a price-to-earnings-growth ratio of 3.49 and a beta of 0.92.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings data on Thursday, January 29th. The conglomerate reported $2.59 earnings per share for the quarter, topping the consensus estimate of $2.54 by $0.05. The firm had revenue of $10.07 billion for the quarter, compared to analysts’ expectations of $9.60 billion. Honeywell International had a return on equity of 40.64% and a net margin of 12.74%.The company’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter last year, the business earned $2.47 EPS. Research analysts expect that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 27th will be paid a $1.19 dividend. The ex-dividend date is Friday, February 27th. This represents a $4.76 annualized dividend and a yield of 2.0%. Honeywell International’s payout ratio is 59.57%.

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.