Honeywell International Inc. (NASDAQ:HON) Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC boosted its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 47.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,207 shares of the conglomerate’s stock after buying an additional 1,360 shares during the quarter. GAMMA Investing LLC’s holdings in Honeywell International were worth $898,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. River Street Advisors LLC grew its holdings in Honeywell International by 2.0% during the 4th quarter. River Street Advisors LLC now owns 2,599 shares of the conglomerate’s stock worth $545,000 after acquiring an additional 50 shares in the last quarter. Triton Wealth Management PLLC increased its position in shares of Honeywell International by 4.7% in the fourth quarter. Triton Wealth Management PLLC now owns 1,132 shares of the conglomerate’s stock worth $233,000 after acquiring an additional 51 shares in the last quarter. Legacy Trust increased its position in shares of Honeywell International by 2.1% in the first quarter. Legacy Trust now owns 2,527 shares of the conglomerate’s stock worth $519,000 after acquiring an additional 52 shares in the last quarter. Spectrum Asset Management Inc. NB CA increased its position in shares of Honeywell International by 0.3% in the fourth quarter. Spectrum Asset Management Inc. NB CA now owns 21,065 shares of the conglomerate’s stock worth $4,418,000 after acquiring an additional 55 shares in the last quarter. Finally, NTV Asset Management LLC grew its position in Honeywell International by 1.5% during the fourth quarter. NTV Asset Management LLC now owns 3,722 shares of the conglomerate’s stock valued at $781,000 after purchasing an additional 55 shares in the last quarter. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Honeywell International Trading Down 1.6 %

Shares of NASDAQ HON traded down $3.30 during midday trading on Monday, hitting $200.39. The company’s stock had a trading volume of 1,894,065 shares, compared to its average volume of 2,911,863. The company has a current ratio of 1.21, a quick ratio of 0.91 and a debt-to-equity ratio of 1.19. The business’s 50 day moving average is $210.09 and its two-hundred day moving average is $202.66. Honeywell International Inc. has a 12-month low of $174.88 and a 12-month high of $220.79. The firm has a market cap of $130.19 billion, a P/E ratio of 23.15, a price-to-earnings-growth ratio of 2.32 and a beta of 1.04.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings data on Thursday, July 25th. The conglomerate reported $2.49 earnings per share for the quarter, topping analysts’ consensus estimates of $2.42 by $0.07. Honeywell International had a return on equity of 36.87% and a net margin of 15.49%. The firm had revenue of $9.58 billion during the quarter, compared to analysts’ expectations of $9.41 billion. During the same quarter last year, the firm earned $2.23 EPS. The business’s quarterly revenue was up 4.7% on a year-over-year basis. As a group, equities research analysts expect that Honeywell International Inc. will post 10.14 EPS for the current year.

Honeywell International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Investors of record on Friday, August 16th will be issued a $1.08 dividend. This represents a $4.32 annualized dividend and a yield of 2.16%. The ex-dividend date is Friday, August 16th. Honeywell International’s dividend payout ratio (DPR) is presently 50.06%.

Insider Activity at Honeywell International

In other Honeywell International news, Director Darius Adamczyk sold 28,500 shares of Honeywell International stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $203.96, for a total value of $5,812,860.00. Following the sale, the director now owns 203,510 shares of the company’s stock, valued at approximately $41,507,899.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.41% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. UBS Group raised shares of Honeywell International from a “sell” rating to a “neutral” rating and boosted their price target for the company from $175.00 to $215.00 in a report on Monday, June 10th. Royal Bank of Canada cut their price target on shares of Honeywell International from $218.00 to $214.00 and set a “sector perform” rating on the stock in a research report on Friday, July 26th. Citigroup increased their target price on Honeywell International from $243.00 to $244.00 and gave the stock a “buy” rating in a research note on Tuesday, June 4th. Wells Fargo & Company decreased their target price on shares of Honeywell International from $220.00 to $215.00 and set an “equal weight” rating for the company in a research note on Friday, July 26th. Finally, Daiwa America raised Honeywell International to a “moderate buy” rating in a report on Wednesday, June 5th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Honeywell International presently has a consensus rating of “Hold” and an average price target of $225.00.

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.