ING Groep NV Increases Stake in Honeywell International Inc. (NASDAQ:HON)

ING Groep NV lifted its position in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 884.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,752,472 shares of the conglomerate's stock after purchasing an additional 1,574,376 shares during the quarter. Honeywell International accounts for 2.7% of ING Groep NV's investment portfolio, making the stock its 6th largest holding. ING Groep NV owned 0.27% of Honeywell International worth $395,866,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of HON. Wellington Management Group LLP raised its stake in shares of Honeywell International by 8.4% in the third quarter. Wellington Management Group LLP now owns 17,826,700 shares of the conglomerate's stock worth $3,684,957,000 after purchasing an additional 1,376,479 shares during the last quarter. International Assets Investment Management LLC grew its holdings in Honeywell International by 24,683.3% during the third quarter. International Assets Investment Management LLC now owns 948,704 shares of the conglomerate's stock worth $1,961,070,000 after buying an additional 944,876 shares in the last quarter. Cibc World Market Inc. raised its position in Honeywell International by 320.5% in the 4th quarter. Cibc World Market Inc. now owns 858,336 shares of the conglomerate's stock valued at $193,890,000 after buying an additional 654,207 shares during the last quarter. Mizuho Securities USA LLC lifted its stake in Honeywell International by 1,147.0% during the 3rd quarter. Mizuho Securities USA LLC now owns 626,071 shares of the conglomerate's stock valued at $129,415,000 after acquiring an additional 575,865 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Honeywell International by 4.0% during the 3rd quarter. Geode Capital Management LLC now owns 14,360,730 shares of the conglomerate's stock worth $2,959,535,000 after acquiring an additional 547,998 shares during the last quarter. 75.91% of the stock is currently owned by institutional investors.

Insider Activity

In other news, VP Anne T. Madden sold 28,885 shares of Honeywell International stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $207.89, for a total transaction of $6,004,902.65. Following the completion of the sale, the vice president now owns 41,580 shares in the company, valued at approximately $8,644,066.20. This trade represents a 40.99 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.41% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. JPMorgan Chase & Co. dropped their price target on shares of Honeywell International from $233.00 to $231.00 and set a "neutral" rating on the stock in a research report on Wednesday, January 15th. Citigroup decreased their price objective on shares of Honeywell International from $268.00 to $266.00 and set a "buy" rating for the company in a research note on Monday, January 13th. Barclays cut their target price on Honeywell International from $260.00 to $251.00 and set an "overweight" rating on the stock in a research note on Monday, February 10th. Robert W. Baird downgraded Honeywell International from an "outperform" rating to a "neutral" rating and decreased their price target for the company from $223.00 to $217.00 in a research report on Friday, October 25th. Finally, Jefferies Financial Group upped their price objective on Honeywell International from $220.00 to $260.00 and gave the company a "hold" rating in a research note on Tuesday, December 17th. Ten research 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 company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $248.71.

Honeywell International Stock Performance

NASDAQ:HON traded up $0.59 on Friday, reaching $211.94. 5,561,913 shares of the company's stock were exchanged, compared to its average volume of 4,068,463. The stock has a fifty day simple moving average of $220.74 and a 200-day simple moving average of $215.17. Honeywell International Inc. has a 52 week low of $189.75 and a 52 week high of $242.77. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.31 and a quick ratio of 1.01. The firm has a market cap of $137.74 billion, a price-to-earnings ratio of 24.33, a P/E/G ratio of 2.50 and a beta of 1.05.

Honeywell International (NASDAQ:HON - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The conglomerate reported $2.47 earnings per share 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%. As a group, sell-side analysts predict that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be paid a dividend of $1.13 per share. The ex-dividend date is Friday, February 28th. This represents a $4.52 annualized dividend and a yield of 2.13%. Honeywell International's dividend payout ratio is currently 51.89%.

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.