Gabelli Funds LLC raised its holdings in Honeywell International Inc. (NYSE:HON) by 0.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,119,476 shares of the conglomerate’s stock after buying an additional 7,500 shares during the quarter. Honeywell International makes up approximately 1.1% of Gabelli Funds LLC’s holdings, making the stock its 3rd largest holding. Gabelli Funds LLC owned 0.15% of Honeywell International worth $186,281,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also bought and sold shares of the company. Principal Financial Group Inc. grew its holdings in shares of Honeywell International by 10.6% during the 1st quarter. Principal Financial Group Inc. now owns 2,012,595 shares of the conglomerate’s stock worth $290,840,000 after purchasing an additional 192,133 shares during the period. Daiwa SB Investments Ltd. purchased a new stake in shares of Honeywell International during the 2nd quarter worth about $886,000. CX Institutional purchased a new stake in shares of Honeywell International during the 2nd quarter worth about $100,000. Confluence Investment Management LLC purchased a new stake in shares of Honeywell International during the 2nd quarter worth about $368,000. Finally, Addenda Capital Inc. purchased a new stake in shares of Honeywell International during the 2nd quarter worth about $14,698,000. Institutional investors own 71.42% of the company’s stock.
HON has been the subject of a number of research reports. Barclays boosted their target price on Honeywell International from $172.00 to $176.00 and gave the stock a “$153.70” rating in a report on Monday, July 23rd. JPMorgan Chase & Co. boosted their target price on Honeywell International from $168.00 to $170.00 and gave the stock a “$153.70” rating in a report on Monday, July 23rd. Citigroup boosted their target price on Honeywell International from $191.00 to $196.00 and gave the stock a “$153.70” rating in a report on Monday, July 23rd. Zacks Investment Research cut Honeywell International from a “buy” rating to a “hold” rating in a report on Monday, July 30th. Finally, ValuEngine upgraded Honeywell International from a “hold” rating to a “buy” rating in a report on Tuesday, July 31st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and eighteen have assigned a buy rating to the company. Honeywell International presently has an average rating of “Buy” and an average target price of $172.90.
Honeywell International stock opened at $150.32 on Friday. The company has a market cap of $111.19 billion, a P/E ratio of 18.89, a P/E/G ratio of 1.92 and a beta of 1.04. The company has a current ratio of 1.49, a quick ratio of 1.20 and a debt-to-equity ratio of 0.76. Honeywell International Inc. has a one year low of $139.30 and a one year high of $167.72.
Honeywell International (NYSE:HON) last released its quarterly earnings results on Friday, October 19th. The conglomerate reported $2.03 EPS for the quarter, topping the consensus estimate of $1.99 by $0.04. The firm had revenue of $10.76 billion for the quarter, compared to analyst estimates of $10.75 billion. Honeywell International had a return on equity of 33.69% and a net margin of 6.13%. Honeywell International’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.75 EPS. Sell-side analysts expect that Honeywell International Inc. will post 7.98 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 7th. Shareholders of record on Friday, November 16th will be given a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a dividend yield of 2.18%. This is a positive change from Honeywell International’s previous quarterly dividend of $0.75. The ex-dividend date is Thursday, November 15th. Honeywell International’s dividend payout ratio is presently 41.91%.
Honeywell International Profile
Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. It operates through four segments: Aerospace; Home and Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. The Aerospace segment supplies products, software, and services for aircraft and vehicles that it sells to original equipment manufacturers and other customers in various markets, including air transport, regional, business and general aviation aircraft, airlines, aircraft operators, defense and space contractors, and automotive and truck manufacturers.
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