Van ECK Associates Corp Buys 36,018 Shares of Honeywell International Inc. $HON

Van ECK Associates Corp lifted its stake in Honeywell International Inc. (NASDAQ:HON) by 32.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 145,455 shares of the conglomerate’s stock after buying an additional 36,018 shares during the period. Van ECK Associates Corp’s holdings in Honeywell International were worth $30,618,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Barnes Dennig Private Wealth Management LLC lifted 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 acquiring an additional 118 shares during the period. Howard Hughes Medical Institute bought a new stake in shares of Honeywell International in the 2nd quarter worth about $33,000. Cedar Mountain Advisors LLC increased its position in shares of Honeywell International by 116.7% during the 3rd quarter. Cedar Mountain Advisors LLC now owns 156 shares of the conglomerate’s stock worth $33,000 after purchasing an additional 84 shares in the last quarter. SJS Investment Consulting Inc. lifted its holdings in Honeywell International by 833.3% during the 3rd quarter. SJS Investment Consulting Inc. now owns 168 shares of the conglomerate’s stock valued at $35,000 after purchasing an additional 150 shares during the last quarter. Finally, Cloud Capital Management LLC acquired a new position in Honeywell International in the third quarter valued at about $35,000. Institutional investors own 75.91% of the company’s stock.

Honeywell International Price Performance

Honeywell International stock opened at $239.44 on Thursday. The business’s 50-day simple moving average is $228.24 and its 200 day simple moving average is $212.16. The stock has a market cap of $152.21 billion, a price-to-earnings ratio of 29.97, a P/E/G ratio of 3.49 and a beta of 0.92. Honeywell International Inc. has a 12-month low of $169.21 and a 12-month high of $248.18. The company has a quick ratio of 1.03, a current ratio of 1.30 and a debt-to-equity ratio of 1.81.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings data on Thursday, January 29th. The conglomerate reported $2.59 earnings per share for the quarter, topping the consensus estimate of $2.54 by $0.05. Honeywell International had a return on equity of 40.64% and a net margin of 12.74%.The firm had revenue of $10.07 billion during the quarter, compared to analysts’ expectations of $9.60 billion. During the same period in the previous year, the business posted $2.47 EPS. The company’s quarterly revenue was up 6.4% compared to the same quarter last year. As a group, research analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 27th will be given a dividend of $1.19 per share. The ex-dividend date is Friday, February 27th. This represents a $4.76 annualized dividend and a dividend yield of 2.0%. Honeywell International’s payout ratio is presently 59.57%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Morgan Stanley raised their price objective on shares of Honeywell International from $235.00 to $245.00 and gave the stock an “equal weight” rating in a report on Thursday. Wolfe Research upgraded Honeywell International from a “peer perform” rating to an “outperform” rating and set a $293.00 price target on the stock in a research report on Friday, February 27th. Bank of America reiterated an “underperform” rating and issued a $205.00 price objective (down from $265.00) on shares of Honeywell International in a research report on Tuesday, November 18th. Barclays boosted 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. Finally, Mizuho decreased their target price on Honeywell International from $250.00 to $240.00 and set an “outperform” rating on the stock in a report on Monday, January 5th. Twelve investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Honeywell International currently has a consensus rating of “Moderate Buy” and a consensus price target of $251.65.

Insiders Place Their Bets

In related news, VP Robert D. Mailloux sold 10,549 shares of the company’s stock in a transaction dated Friday, January 30th. The stock was sold at an average price of $229.00, for a total value of $2,415,721.00. Following the completion of the sale, the vice president owned 4,803 shares in the company, valued at approximately $1,099,887. This represents a 68.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director D Scott Davis sold 2,367 shares of the stock in a transaction dated Thursday, February 19th. The shares were 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 in the company, valued at $7,459,440. The trade was a 7.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 18,190 shares of company stock worth $4,244,287. 0.20% of the stock is currently owned by company insiders.

About Honeywell International

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.