ING Groep NV Sells 82,880 Shares of Honeywell International Inc. (NASDAQ:HON)

by · The Cerbat Gem

ING Groep NV trimmed its position in Honeywell International Inc. (NASDAQ:HON – Free Report) by 31.8% during the third quarter, HoldingsChannel.com reports. The fund 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 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. LGT Group Foundation bought a new stake in shares of Honeywell International in the 1st quarter valued at $26,000. Reston Wealth Management LLC acquired a new position in Honeywell International in the third quarter valued at about $29,000. Planning Capital Management Corp increased its holdings in shares of Honeywell International by 96.4% in the third quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock worth $34,000 after acquiring an additional 81 shares in the last quarter. Financial Connections Group Inc. acquired a new stake in shares of Honeywell International during the second quarter worth about $38,000. Finally, Pathway Financial Advisers LLC bought a new position in shares of Honeywell International during the 1st quarter valued at about $39,000. Institutional investors and hedge funds own 75.91% of the company’s stock.

Honeywell International Stock Down 0.2 %

HON stock traded down $0.39 during mid-day trading on Thursday, reaching $232.68. The company had a trading volume of 1,033,560 shares, compared to its average volume of 3,087,617. The company has a market capitalization of $151.30 billion, a price-to-earnings ratio of 26.91, a PEG ratio of 2.78 and a beta of 1.03. Honeywell International Inc. has a 52 week low of $188.78 and a 52 week high of $242.77. The stock has a 50 day simple moving average of $210.22 and a two-hundred day simple moving average of $207.34. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.44 and a quick ratio of 1.12.

Honeywell International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be paid a $1.13 dividend. The ex-dividend date of this dividend is Friday, November 15th. This is a boost from Honeywell International’s previous quarterly dividend of $1.08. This represents a $4.52 annualized dividend and a dividend yield of 1.94%. Honeywell International’s dividend payout ratio (DPR) is currently 49.88%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on HON shares. Wells Fargo & Company increased their target price on Honeywell International from $215.00 to $254.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Wolfe Research lowered shares of Honeywell International from an “outperform” rating to a “peer perform” rating in a report on Monday, October 28th. Royal Bank of Canada upped their target price on shares of Honeywell International from $213.00 to $253.00 and gave the stock a “sector perform” rating in a research note on Wednesday. Morgan Stanley started coverage on Honeywell International in a research note on Friday, September 6th. They issued an “equal weight” rating and a $210.00 price target on the stock. Finally, Barclays upped their price objective on Honeywell International from $229.00 to $252.00 and gave the stock an “overweight” rating in a research report on Wednesday. Nine equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $241.45.

Get Our Latest Stock Analysis on Honeywell International

Honeywell International Company Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding HON? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Honeywell International Inc. (NASDAQ:HON – Free Report).