Van ECK Associates Corp Has $192.47 Million Stock Position in Honeywell International Inc. (NASDAQ:HON)

Van ECK Associates Corp raised its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 3.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 917,812 shares of the conglomerate’s stock after purchasing an additional 30,183 shares during the quarter. Van ECK Associates Corp owned 0.14% of Honeywell International worth $192,474,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Barclays PLC boosted its holdings in shares of Honeywell International by 57.3% in the 3rd quarter. Barclays PLC now owns 3,190,755 shares of the conglomerate’s stock worth $589,462,000 after acquiring an additional 1,162,518 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in shares of Honeywell International by 6,557.2% in the 4th quarter. International Assets Investment Management LLC now owns 940,661 shares of the conglomerate’s stock worth $197,266,000 after acquiring an additional 926,531 shares in the last quarter. Adage Capital Partners GP L.L.C. raised its position in Honeywell International by 51.3% in the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 1,874,877 shares of the conglomerate’s stock worth $346,365,000 after purchasing an additional 636,104 shares during the last quarter. California Public Employees Retirement System raised its position in Honeywell International by 27.5% in the 4th quarter. California Public Employees Retirement System now owns 1,739,695 shares of the conglomerate’s stock worth $364,831,000 after purchasing an additional 375,158 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its position in Honeywell International by 5.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 6,995,897 shares of the conglomerate’s stock worth $1,292,307,000 after purchasing an additional 347,808 shares during the last quarter. 75.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

HON has been the subject of several research analyst reports. Berenberg Bank upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $195.00 to $240.00 in a research report on Wednesday, March 6th. StockNews.com cut shares of Honeywell International from a “buy” rating to a “hold” rating in a research report on Friday. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $215.00 price objective (down previously from $227.00) on shares of Honeywell International in a research report on Tuesday, April 16th. Royal Bank of Canada dropped their price objective on shares of Honeywell International from $210.00 to $209.00 and set a “sector perform” rating for the company in a research report on Friday, February 2nd. Finally, Barclays upped their target price on shares of Honeywell International from $230.00 to $232.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $215.71.

Honeywell International Trading Up 0.2 %

Shares of Honeywell International stock traded up $0.32 on Monday, hitting $193.77. 2,593,461 shares of the company’s stock traded hands, compared to its average volume of 3,013,757. The firm’s 50-day moving average price is $198.18 and its two-hundred day moving average price is $196.40. The stock has a market capitalization of $126.18 billion, a PE ratio of 22.45, a price-to-earnings-growth ratio of 2.21 and a beta of 1.02. Honeywell International Inc. has a one year low of $174.88 and a one year high of $210.87. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.66 and a quick ratio of 1.28.

Honeywell International (NASDAQ:HON) last released its quarterly earnings data on Thursday, April 25th. The conglomerate reported $2.25 EPS for the quarter, beating analysts’ consensus estimates of $2.17 by $0.08. Honeywell International had a net margin of 15.52% and a return on equity of 35.88%. The business had revenue of $9.11 billion during the quarter, compared to analysts’ expectations of $9.03 billion. During the same quarter in the prior year, the company earned $2.07 EPS. The firm’s quarterly revenue was up 2.7% on a year-over-year basis. On average, research analysts expect that Honeywell International Inc. will post 9.96 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Friday, May 17th will be given a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a dividend yield of 2.23%. Honeywell International’s dividend payout ratio is currently 50.06%.

Insider Activity at Honeywell International

In related news, Director Darius Adamczyk sold 25,500 shares of the company’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $197.19, for a total value of $5,028,345.00. Following the completion of the sale, the director now owns 183,400 shares in the company, valued at approximately $36,164,646. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.41% of the stock is owned by corporate insiders.

Honeywell International Company Profile

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.