Robeco Institutional Asset Management B.V. Boosts Position in Honeywell International Inc. $HON

Key Points

• Robeco Institutional Asset Management boosted its stake in Honeywell by 101.7% in Q4 to 36,594 shares (about $7.14M), contributing to a high institutional ownership level of roughly 75.9%.
• Company insiders have been net sellers recently — including VP Robert D. Mailloux and Director D. Scott Davis — with insiders disposing of 18,190 shares worth about $4.24M over the past 90 days (insiders now own ~0.20%).
• Honeywell topped Q4 estimates with $2.59 EPS and $10.07B revenue (revenue +6.4% YoY); analysts rate the stock a "Moderate Buy" on average with a $251.83 target, and the company pays a $1.19 quarterly dividend (2.1% yield).

Robeco Institutional Asset Management B.V. boosted its holdings in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 101.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 36,594 shares of the conglomerate's stock after buying an additional 18,447 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in Honeywell International were worth $7,139,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. Clear Creek Financial Management LLC raised its position in Honeywell International by 1.6% during the 4th quarter. Clear Creek Financial Management LLC now owns 6,614 shares of the conglomerate's stock worth $1,290,000 after buying an additional 105 shares during the last quarter. Aljian Capital Management LLC raised its position in Honeywell International by 14.2% during the 4th quarter. Aljian Capital Management LLC now owns 4,243 shares of the conglomerate's stock worth $828,000 after buying an additional 526 shares during the last quarter. Howard Capital Management Inc. raised its position in Honeywell International by 2.2% during the 4th quarter. Howard Capital Management Inc. now owns 19,705 shares of the conglomerate's stock worth $3,844,000 after buying an additional 426 shares during the last quarter. Bouvel Investment Partners LLC raised its position in Honeywell International by 1.5% during the 4th quarter. Bouvel Investment Partners LLC now owns 18,505 shares of the conglomerate's stock worth $3,610,000 after buying an additional 277 shares during the last quarter. Finally, Bar Harbor Wealth Management increased its holdings in shares of Honeywell International by 6.3% during the 4th quarter. Bar Harbor Wealth Management now owns 16,892 shares of the conglomerate's stock valued at $3,295,000 after purchasing an additional 1,004 shares in the last quarter. 75.91% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Honeywell International

In other Honeywell International news, VP Robert D. Mailloux sold 5,274 shares of Honeywell International stock in a transaction on Friday, February 6th. The shares were sold at an average price of $239.00, for a total transaction of $1,260,486.00. Following the sale, the vice president owned 4,803 shares of the company's stock, valued at $1,147,917. The trade was a 52.34% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available 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 sale, the director directly owned 31,081 shares in the company, valued at approximately $7,459,440. This trade represents a 7.08% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 18,190 shares of company stock worth $4,244,287. 0.20% of the stock is currently owned by corporate insiders.

Honeywell International Price Performance

Shares of NASDAQ HON opened at $232.19 on Thursday. The firm has a market cap of $147.13 billion, a PE ratio of 29.06, a PEG ratio of 3.38 and a beta of 0.93. The firm has a fifty day moving average of $235.12 and a 200 day moving average of $214.78. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.03 and a current ratio of 1.30. Honeywell International Inc. has a one year low of $181.25 and a one year high of $248.18.

Honeywell International (NASDAQ:HON - Get Free Report) last issued its quarterly 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. Honeywell International had a net margin of 12.74% and a return on equity of 40.64%. The company had revenue of $10.07 billion during the quarter, compared to analyst estimates of $9.60 billion. During the same quarter in the previous year, the firm earned $2.47 EPS. The firm's revenue was up 6.4% compared to the same quarter last year. As a group, research analysts predict that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, February 27th were paid a dividend of $1.19 per share. This represents a $4.76 annualized dividend 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%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on HON shares. Wall Street Zen raised shares of Honeywell International to a "hold" rating in a report on Saturday, January 3rd. JPMorgan Chase & Co. lifted their target price on shares of Honeywell International from $255.00 to $260.00 and gave the company an "overweight" rating in a report on Friday, January 30th. Daiwa Securities Group lifted their target price on shares of Honeywell International from $230.00 to $240.00 in a report on Tuesday, February 3rd. Mizuho cut their target price on shares of Honeywell International from $250.00 to $240.00 and set an "outperform" rating for the company in a report on Monday, January 5th. Finally, Royal Bank Of Canada lifted their target price on shares of Honeywell International from $249.00 to $268.00 and gave the company an "outperform" rating in a report on Friday, January 30th. Thirteen 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, the stock currently has an average rating of "Moderate Buy" and an average target price of $251.83.

Honeywell International Company 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.

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