Danske Bank A S Invests $34.07 Million in Honeywell International Inc. $HON

Danske Bank A S acquired a new stake in Honeywell International Inc. (NASDAQ:HONFree Report) in the third quarter, Holdings Channel.com reports. The firm acquired 161,834 shares of the conglomerate’s stock, valued at approximately $34,066,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Laurel Wealth Advisors LLC lifted its stake in Honeywell International by 23,503.0% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 3,716,532 shares of the conglomerate’s stock worth $865,506,000 after purchasing an additional 3,700,786 shares in the last quarter. Franklin Resources Inc. grew its position in shares of Honeywell International by 28.8% during the 3rd quarter. Franklin Resources Inc. now owns 10,196,543 shares of the conglomerate’s stock valued at $2,146,372,000 after purchasing an additional 2,277,234 shares in the last quarter. Marshall Wace LLP grew its position in shares of Honeywell International by 130.0% during the 3rd quarter. Marshall Wace LLP now owns 1,845,032 shares of the conglomerate’s stock valued at $388,379,000 after purchasing an additional 1,042,972 shares in the last quarter. Two Sigma Investments LP increased its holdings in shares of Honeywell International by 424.3% in the third quarter. Two Sigma Investments LP now owns 1,153,754 shares of the conglomerate’s stock worth $242,865,000 after purchasing an additional 933,694 shares during the period. Finally, Boston Partners raised its position in shares of Honeywell International by 21.6% in the third quarter. Boston Partners now owns 3,535,270 shares of the conglomerate’s stock worth $744,054,000 after buying an additional 626,960 shares in the last quarter. Institutional investors own 75.91% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on HON shares. Royal Bank Of Canada boosted their target price on Honeywell International from $249.00 to $268.00 and gave the stock an “outperform” rating in a research report on Friday, January 30th. Wolfe Research raised Honeywell International from a “peer perform” rating to an “outperform” rating and set a $293.00 price target on the stock in a report on Friday, February 27th. Sanford C. Bernstein set a $255.00 price target on Honeywell International in a research report on Friday, January 16th. Daiwa Securities Group boosted their price objective on Honeywell International from $230.00 to $240.00 in a report on Tuesday, February 3rd. Finally, BNP Paribas Exane upped their price objective on shares of Honeywell International from $195.00 to $215.00 and gave the stock a “neutral” rating in a research report on Monday, February 2nd. Twelve research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $251.65.

Read Our Latest Stock Analysis on Honeywell International

Insider Buying and Selling

In other news, VP Robert D. Mailloux sold 10,549 shares of the firm’s stock in a transaction that occurred 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 transaction, the vice president owned 4,803 shares in the company, valued at approximately $1,099,887. This trade represents a 68.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director D Scott Davis sold 2,367 shares of Honeywell International stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $240.00, for a total transaction of $568,080.00. Following the completion of the transaction, the director directly owned 31,081 shares in the company, valued at approximately $7,459,440. The trade was a 7.08% 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 worth $4,244,287 over the last ninety days. Insiders own 0.20% of the company’s stock.

Honeywell International Stock Performance

Honeywell International stock opened at $229.92 on Thursday. The firm has a fifty day simple moving average of $231.59 and a two-hundred day simple moving average of $212.57. 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 Inc. has a twelve month low of $169.21 and a twelve month high of $248.18. The company has a market capitalization of $146.16 billion, a PE ratio of 28.78, a P/E/G ratio of 3.35 and a beta of 0.92.

Honeywell International (NASDAQ:HONGet Free Report) last announced its quarterly earnings data on Thursday, January 29th. The conglomerate reported $2.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.54 by $0.05. The firm had revenue of $10.07 billion for the quarter, compared to analysts’ expectations of $9.60 billion. Honeywell International had a return on equity of 40.64% and a net margin of 12.74%.The company’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period last year, the firm earned $2.47 earnings per share. Research analysts expect that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 13th. Shareholders 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 of this dividend was Friday, February 27th. Honeywell International’s payout ratio is 59.57%.

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Honeywell International Company 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.

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

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