Honeywell International Inc. $HON Shares Acquired by NEOS Investment Management LLC

NEOS Investment Management LLC grew its position in Honeywell International Inc. (NASDAQ:HON) by 57.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 281,827 shares of the conglomerate’s stock after buying an additional 103,107 shares during the quarter. NEOS Investment Management LLC’s holdings in Honeywell International were worth $59,325,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Heartland Advisors Inc. purchased a new position in shares of Honeywell International during the third quarter worth approximately $221,000. Cassaday & Co Wealth Management LLC raised its position in Honeywell International by 3.1% in the third quarter. Cassaday & Co Wealth Management LLC now owns 5,354 shares of the conglomerate’s stock worth $1,127,000 after acquiring an additional 162 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in shares of Honeywell International in the third quarter valued at about $463,000. Wealthcare Advisory Partners LLC increased its stake in Honeywell International by 7.7% in the 3rd quarter. Wealthcare Advisory Partners LLC now owns 10,732 shares of the conglomerate’s stock valued at $2,259,000 after purchasing an additional 766 shares in the last quarter. Finally, Bedel Financial Consulting Inc. increased its holdings in Honeywell International by 6.0% during the 3rd quarter. Bedel Financial Consulting Inc. now owns 6,460 shares of the conglomerate’s stock valued at $1,360,000 after acquiring an additional 368 shares in the last quarter. 75.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on HON shares. Wells Fargo & Company lifted their price target on shares of Honeywell International from $215.00 to $235.00 and gave the stock an “equal weight” rating in a report on Friday, January 30th. Mizuho decreased their target price on Honeywell International from $250.00 to $240.00 and set an “outperform” rating for the company in a research report on Monday, January 5th. Jefferies Financial Group increased their price objective on shares of Honeywell International from $220.00 to $240.00 in a research note on Tuesday, February 3rd. Weiss Ratings reiterated a “hold (c+)” rating on shares of Honeywell International in a research report on Monday, December 29th. Finally, Sanford C. Bernstein set a $255.00 price target on Honeywell International in a research report on Friday, January 16th. Eleven research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Honeywell International has an average rating of “Moderate Buy” and a consensus target price of $244.50.

Insider Buying and Selling

In other Honeywell International news, VP Robert D. Mailloux sold 5,274 shares of the stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $239.00, for a total value of $1,260,486.00. Following the completion of the sale, the vice president directly owned 4,803 shares in the company, valued at $1,147,917. This represents a 52.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.41% of the company’s stock.

Honeywell International Trading Up 0.6%

Shares of HON stock opened at $241.38 on Tuesday. The firm has a fifty day moving average of $212.69 and a 200-day moving average of $209.29. The stock has a market cap of $153.25 billion, a price-to-earnings ratio of 30.21, a P/E/G ratio of 3.50 and a beta of 0.94. Honeywell International Inc. has a 52-week low of $169.21 and a 52-week high of $245.63. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.05 and a current ratio of 1.32.

Honeywell International (NASDAQ:HON) last announced its earnings results on Thursday, January 29th. The conglomerate reported $2.59 EPS for the quarter, topping the consensus estimate of $2.54 by $0.05. The business had revenue of $10.07 billion for the quarter, compared to the consensus estimate of $9.60 billion. Honeywell International had a return on equity of 40.40% and a net margin of 12.74%.Honeywell International’s revenue was up 6.4% compared to the same quarter last year. During the same period in the previous year, the business earned $2.47 EPS. On average, equities research analysts forecast that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be given a dividend of $1.19 per share. This represents a $4.76 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Friday, February 27th. Honeywell International’s dividend payout ratio (DPR) is currently 59.57%.

Honeywell International Profile

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.