ING Groep NV increased its holdings in shares of Honeywell International Inc. (NYSE:HON) by 204.9% in the third quarter, HoldingsChannel.com reports. The firm owned 486,625 shares of the conglomerate’s stock after buying an additional 327,028 shares during the quarter. Honeywell International accounts for 1.3% of ING Groep NV’s investment portfolio, making the stock its 15th biggest holding. ING Groep NV’s holdings in Honeywell International were worth $68,974,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Hudock Capital Group LLC lifted its stake in shares of Honeywell International by 0.3% in the 2nd quarter. Hudock Capital Group LLC now owns 4,041 shares of the conglomerate’s stock worth $538,000 after acquiring an additional 14 shares during the period. Rowland & Co. Investment Counsel ADV lifted its stake in shares of Honeywell International by 0.4% in the 2nd quarter. Rowland & Co. Investment Counsel ADV now owns 3,735 shares of the conglomerate’s stock worth $499,000 after acquiring an additional 14 shares during the period. Jacobi Capital Management LLC lifted its stake in shares of Honeywell International by 0.6% in the 2nd quarter. Jacobi Capital Management LLC now owns 2,800 shares of the conglomerate’s stock worth $377,000 after acquiring an additional 16 shares during the period. Oliver Luxxe Assets LLC lifted its stake in shares of Honeywell International by 0.5% in the 2nd quarter. Oliver Luxxe Assets LLC now owns 4,664 shares of the conglomerate’s stock worth $622,000 after acquiring an additional 21 shares during the period. Finally, Barrett Asset Management LLC lifted its stake in shares of Honeywell International by 0.9% in the 2nd quarter. Barrett Asset Management LLC now owns 2,522 shares of the conglomerate’s stock worth $336,000 after acquiring an additional 22 shares during the period. Hedge funds and other institutional investors own 76.36% of the company’s stock.

Honeywell International Inc. (HON) opened at $158.69 on Friday. The company has a quick ratio of 1.09, a current ratio of 1.35 and a debt-to-equity ratio of 0.54. The stock has a market cap of $120,100.00, a PE ratio of 24.04, a PEG ratio of 2.41 and a beta of 0.99. Honeywell International Inc. has a twelve month low of $116.98 and a twelve month high of $159.85.

Honeywell International (NYSE:HON) last announced its quarterly earnings results on Friday, October 20th. The conglomerate reported $1.75 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.75. The business had revenue of $10.12 billion during the quarter, compared to the consensus estimate of $10.05 billion. Honeywell International had a net margin of 12.85% and a return on equity of 26.26%. The business’s revenue was up 3.2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.60 EPS. analysts forecast that Honeywell International Inc. will post 7.1 earnings per share for the current fiscal year.

Honeywell International declared that its board has authorized a stock buyback plan on Friday, December 8th that allows the company to buyback $6.50 billion in shares. This buyback authorization allows the conglomerate to repurchase shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.

In other Honeywell International news, Director Bradley T. Sheares sold 1,328 shares of the firm’s stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $146.41, for a total transaction of $194,432.48. Following the completion of the transaction, the director now directly owns 4,002 shares in the company, valued at approximately $585,932.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Krishna Mikkilineni sold 13,074 shares of the firm’s stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $145.12, for a total transaction of $1,897,298.88. Following the transaction, the vice president now owns 104,998 shares of the company’s stock, valued at $15,237,309.76. The disclosure for this sale can be found here. Company insiders own 1.56% of the company’s stock.

Several analysts have recently commented on the stock. Cowen restated a “buy” rating and issued a $150.00 target price on shares of Honeywell International in a research note on Tuesday, October 10th. Vertical Research restated a “buy” rating on shares of Honeywell International in a research note on Friday, October 20th. Citigroup raised their target price on shares of Honeywell International from $155.00 to $170.00 and gave the stock a “buy” rating in a research note on Monday, October 9th. Oppenheimer raised their target price on shares of Honeywell International from $155.00 to $168.00 and gave the stock an “outperform” rating in a research note on Thursday, December 14th. Finally, Morgan Stanley increased their price target on shares of Honeywell International from $145.00 to $149.00 and gave the company an “overweight” rating in a report on Friday, September 22nd. Three analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Honeywell International presently has an average rating of “Buy” and an average target price of $160.14.

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About Honeywell International

Honeywell International Inc is a technology and manufacturing company. The Company operates through four segments: Aerospace, Home and Building Technologies, Performance Materials and Technologies, and Safety and Productivity Solutions. The Company’s Aerospace segment supplies products, software and services for aircraft and vehicles that it sells to original equipment manufacturers (OEMs) and other customers.

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

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