Gamco Investors INC. ET AL reduced its position in Honeywell International Inc. (NYSE:HON) by 1.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,354,935 shares of the conglomerate’s stock after selling 26,020 shares during the quarter. Honeywell International accounts for about 1.5% of Gamco Investors INC. ET AL’s holdings, making the stock its 4th largest holding. Gamco Investors INC. ET AL owned approximately 0.18% of Honeywell International worth $225,461,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of HON. Bank of Montreal Can purchased a new position in shares of Honeywell International in the 2nd quarter worth about $104,007,000. Chevy Chase Trust Holdings Inc. purchased a new stake in Honeywell International during the 2nd quarter valued at about $91,840,000. Calamos Advisors LLC purchased a new stake in Honeywell International during the 2nd quarter valued at about $56,167,000. Renaissance Technologies LLC boosted its holdings in Honeywell International by 64.0% during the 2nd quarter. Renaissance Technologies LLC now owns 990,300 shares of the conglomerate’s stock valued at $142,653,000 after acquiring an additional 386,300 shares during the period. Finally, Ferguson Wellman Capital Management Inc. purchased a new stake in Honeywell International during the 2nd quarter valued at about $55,056,000. Hedge funds and other institutional investors own 71.42% of the company’s stock.
NYSE HON opened at $150.32 on Friday. Honeywell International Inc. has a fifty-two week low of $139.30 and a fifty-two week high of $167.72. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.49 and a quick ratio of 1.20. The company has a market capitalization of $111.19 billion, a price-to-earnings ratio of 18.89, a price-to-earnings-growth ratio of 1.92 and a beta of 1.04.
Honeywell International (NYSE:HON) last released its quarterly earnings data on Friday, October 19th. The conglomerate reported $2.03 earnings per share for the quarter, topping the consensus estimate of $1.99 by $0.04. Honeywell International had a return on equity of 33.69% and a net margin of 6.13%. The business had revenue of $10.76 billion during the quarter, compared to analysts’ expectations of $10.75 billion. During the same quarter last year, the business posted $1.75 EPS. The business’s revenue was up 6.3% on a year-over-year basis. As a group, research analysts expect that Honeywell International Inc. will post 7.98 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 7th. Shareholders of record on Friday, November 16th will be issued a $0.82 dividend. The ex-dividend date of this dividend is Thursday, November 15th. This represents a $3.28 annualized dividend and a yield of 2.18%. This is a boost from Honeywell International’s previous quarterly dividend of $0.75. Honeywell International’s dividend payout ratio (DPR) is 41.91%.
Several equities research analysts recently weighed in on the company. JPMorgan Chase & Co. increased their target price on Honeywell International from $168.00 to $170.00 and gave the company a “$153.70” rating in a report on Monday, July 23rd. Zacks Investment Research cut Honeywell International from a “hold” rating to a “strong sell” rating in a report on Thursday, October 25th. Citigroup set a $186.00 target price on Honeywell International and gave the company a “buy” rating in a report on Tuesday, October 30th. ValuEngine upgraded Honeywell International from a “hold” rating to a “buy” rating in a report on Tuesday, July 31st. Finally, Credit Suisse Group dropped their target price on Honeywell International from $170.00 to $165.00 and set a “neutral” rating for the company in a report on Tuesday, October 23rd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eighteen have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $172.90.
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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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