ING Groep NV Cuts Holdings in Honeywell International Inc. (NASDAQ:HON)

ING Groep NV reduced its position in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 31.8% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 178,096 shares of the conglomerate's stock after selling 82,880 shares during the period. ING Groep NV's holdings in Honeywell International were worth $36,814,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. EP Wealth Advisors LLC lifted its holdings in shares of Honeywell International by 4.4% in the 2nd quarter. EP Wealth Advisors LLC now owns 337,380 shares of the conglomerate's stock valued at $72,044,000 after buying an additional 14,271 shares during the period. SteelPeak Wealth LLC lifted its holdings in Honeywell International by 255.2% in the third quarter. SteelPeak Wealth LLC now owns 73,529 shares of the conglomerate's stock valued at $15,199,000 after acquiring an additional 52,830 shares during the period. Los Angeles Capital Management LLC boosted its position in shares of Honeywell International by 24.5% during the 3rd quarter. Los Angeles Capital Management LLC now owns 29,213 shares of the conglomerate's stock worth $6,039,000 after purchasing an additional 5,750 shares in the last quarter. Asset Management One Co. Ltd. grew its stake in shares of Honeywell International by 2.6% during the 3rd quarter. Asset Management One Co. Ltd. now owns 346,469 shares of the conglomerate's stock worth $71,619,000 after purchasing an additional 8,687 shares during the period. Finally, Principal Financial Group Inc. grew its stake in shares of Honeywell International by 3.7% during the 3rd quarter. Principal Financial Group Inc. now owns 797,426 shares of the conglomerate's stock worth $164,836,000 after purchasing an additional 28,812 shares during the period. Institutional investors and hedge funds own 75.91% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Wells Fargo & Company boosted their price objective on shares of Honeywell International from $215.00 to $254.00 and gave the stock an "equal weight" rating in a report on Wednesday. Baird R W downgraded Honeywell International from a "strong-buy" rating to a "hold" rating in a research note on Friday, October 25th. StockNews.com upgraded Honeywell International from a "hold" rating to a "buy" rating in a research report on Sunday, November 3rd. Citigroup dropped their price target on Honeywell International from $248.00 to $244.00 and set a "buy" rating for the company in a research report on Friday, October 25th. Finally, Morgan Stanley started coverage on shares of Honeywell International in a research note on Friday, September 6th. They issued an "equal weight" rating and a $210.00 price objective on the stock. Nine equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $241.45.

Honeywell International Price Performance

HON stock traded down $2.40 on Thursday, reaching $230.67. The company had a trading volume of 3,836,966 shares, compared to its average volume of 3,100,299. Honeywell International Inc. has a 1 year low of $188.78 and a 1 year high of $242.77. The company has a market cap of $149.99 billion, a P/E ratio of 26.91, a PEG ratio of 2.78 and a beta of 1.03. The company's fifty day moving average is $210.22 and its 200 day moving average is $207.34. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.12 and a current ratio of 1.44.

Honeywell International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be paid a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date of this dividend is Friday, November 15th. This is a positive change from Honeywell International's previous quarterly dividend of $1.08. Honeywell International's dividend payout ratio is currently 49.88%.

Honeywell International Company Profile

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.