Danske Bank A S Purchases New Stake in Honeywell International Inc. $HON

Danske Bank A S purchased a new stake in shares of Honeywell International Inc. (NASDAQ:HONFree Report) in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 161,834 shares of the conglomerate’s stock, valued at approximately $34,066,000.

A number of other large investors have also recently made changes to their positions in the business. Barnes Dennig Private Wealth Management LLC grew its holdings in shares of Honeywell International by 491.7% during the third quarter. Barnes Dennig Private Wealth Management LLC now owns 142 shares of the conglomerate’s stock valued at $30,000 after buying an additional 118 shares during the last quarter. JPL Wealth Management LLC acquired a new stake in shares of Honeywell International in the 3rd quarter worth about $31,000. Howard Hughes Medical Institute bought a new position in Honeywell International in the 2nd quarter valued at about $33,000. Cedar Mountain Advisors LLC lifted its position in Honeywell International by 116.7% in the 3rd quarter. Cedar Mountain Advisors LLC now owns 156 shares of the conglomerate’s stock valued at $33,000 after acquiring an additional 84 shares in the last quarter. Finally, Strive Asset Management LLC acquired a new position in Honeywell International during the 3rd quarter valued at about $33,000. 75.91% of the stock is owned by institutional investors.

Honeywell International Trading Down 0.6%

Shares of Honeywell International stock opened at $229.92 on Thursday. The stock has a market capitalization of $146.16 billion, a P/E ratio of 28.78, a P/E/G ratio of 3.35 and a beta of 0.92. Honeywell International Inc. has a 52-week low of $169.21 and a 52-week high of $248.18. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.03 and a current ratio of 1.30. The stock’s 50-day simple moving average is $231.59 and its 200 day simple moving average is $212.57.

Honeywell International (NASDAQ:HONGet Free Report) last issued 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 firm had revenue of $10.07 billion during the quarter, compared to analyst estimates of $9.60 billion. Honeywell International had a net margin of 12.74% and a return on equity of 40.64%. The company’s quarterly revenue was up 6.4% on a year-over-year basis. During the same quarter last year, the business earned $2.47 earnings per share. As a group, research analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Friday, February 27th were paid a $1.19 dividend. This represents a $4.76 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date was Friday, February 27th. Honeywell International’s payout ratio is currently 59.57%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on HON. Barclays increased their price objective on Honeywell International from $259.00 to $275.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 3rd. Weiss Ratings reiterated a “hold (c+)” rating on shares of Honeywell International in a report on Monday, December 29th. Vertical Research lowered Honeywell International from a “buy” rating to a “hold” rating and set a $220.00 price target for the company. in a research report on Monday, January 5th. Rothschild & Co Redburn raised their price objective on Honeywell International from $222.00 to $235.00 and gave the company a “neutral” rating in a research note on Monday, February 2nd. Finally, Argus lifted their price objective on shares of Honeywell International from $250.00 to $290.00 and gave the stock a “buy” rating in a report on Wednesday, February 18th. Twelve analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $251.65.

View Our Latest Research Report on Honeywell International

Insider Buying and Selling

In other news, Director D Scott Davis sold 2,367 shares of the firm’s stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $240.00, for a total value of $568,080.00. Following the completion of the transaction, the director directly owned 31,081 shares of the company’s stock, valued at $7,459,440. This trade represents a 7.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Robert D. Mailloux sold 10,549 shares of Honeywell International stock in a transaction on Friday, January 30th. The shares were sold at an average price of $229.00, for a total value of $2,415,721.00. Following the completion of the transaction, the vice president owned 4,803 shares of the company’s stock, valued at approximately $1,099,887. This trade represents a 68.71% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 18,190 shares of company stock valued at $4,244,287 over the last quarter. 0.20% of the stock is owned by company insiders.

Key Stories Impacting Honeywell International

Here are the key news stories impacting Honeywell International this week:

Honeywell International Profile

(Free Report)

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.

Featured Articles

Institutional Ownership by Quarter for Honeywell International (NASDAQ:HON)

Receive News & Ratings for Honeywell International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Honeywell International and related companies with MarketBeat.com's FREE daily email newsletter.