Honeywell International Inc. (NASDAQ:HON) Shares Sold by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL decreased its holdings in shares of Honeywell International Inc. (NASDAQ:HONFree Report) by 5.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 257,974 shares of the conglomerate’s stock after selling 15,355 shares during the period. Gamco Investors INC. ET AL’s holdings in Honeywell International were worth $54,100,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Altshuler Shaham Ltd acquired a new stake in shares of Honeywell International during the fourth quarter worth $27,000. Cordant Inc. acquired a new stake in Honeywell International in the 4th quarter worth about $31,000. Rakuten Securities Inc. purchased a new stake in Honeywell International in the 4th quarter valued at about $31,000. Financial Connections Group Inc. acquired a new position in shares of Honeywell International during the 4th quarter valued at about $37,000. Finally, True Wealth Design LLC lifted its holdings in shares of Honeywell International by 44.1% during the 4th quarter. True Wealth Design LLC now owns 206 shares of the conglomerate’s stock worth $43,000 after acquiring an additional 63 shares during the period. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Honeywell International Price Performance

NASDAQ HON traded down $0.13 on Thursday, reaching $208.37. The company’s stock had a trading volume of 909,473 shares, compared to its average volume of 2,891,454. The firm’s 50 day moving average is $199.50 and its two-hundred day moving average is $200.08. The stock has a market cap of $135.69 billion, a PE ratio of 24.11, a PEG ratio of 2.24 and a beta of 1.03. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.28 and a current ratio of 1.66. Honeywell International Inc. has a twelve month low of $174.88 and a twelve month high of $211.63.

Honeywell International (NASDAQ:HONGet Free Report) last posted its quarterly earnings results on Thursday, April 25th. The conglomerate reported $2.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.17 by $0.08. The company had revenue of $9.11 billion for the quarter, compared to analysts’ expectations of $9.03 billion. Honeywell International had a return on equity of 35.88% and a net margin of 15.52%. The firm’s revenue was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.07 earnings per share. As a group, sell-side analysts predict that Honeywell International Inc. will post 10.24 EPS for the current year.

Honeywell International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 7th. Shareholders of record on Friday, May 17th were paid a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a yield of 2.07%. The ex-dividend date was Thursday, May 16th. Honeywell International’s dividend payout ratio (DPR) is currently 50.06%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. UBS Group raised Honeywell International from a “sell” rating to a “neutral” rating and increased their target price for the stock from $175.00 to $215.00 in a research report on Monday. Berenberg Bank upgraded Honeywell International from a “hold” rating to a “buy” rating and boosted their target price for the stock from $195.00 to $240.00 in a report on Wednesday, March 6th. StockNews.com upgraded shares of Honeywell International from a “hold” rating to a “buy” rating in a report on Wednesday, May 15th. Barclays boosted their price objective on shares of Honeywell International from $230.00 to $232.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 2nd. Finally, Daiwa America raised shares of Honeywell International to a “moderate buy” rating in a research note on Wednesday, June 5th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Honeywell International has an average rating of “Moderate Buy” and an average price target of $224.75.

View Our Latest Report on Honeywell International

Insider Activity

In other Honeywell International news, Director Darius Adamczyk sold 28,500 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $203.96, for a total transaction of $5,812,860.00. Following the completion of the sale, the director now directly owns 203,510 shares in the company, valued at approximately $41,507,899.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Darius Adamczyk sold 28,500 shares of the business’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $203.96, for a total transaction of $5,812,860.00. Following the transaction, the director now directly owns 203,510 shares in the company, valued at approximately $41,507,899.60. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Gregory P. Lewis sold 25,209 shares of the stock in a transaction on Monday, April 29th. The stock was sold at an average price of $193.06, for a total value of $4,866,849.54. Following the sale, the chief financial officer now owns 55,471 shares of the company’s stock, valued at $10,709,231.26. The disclosure for this sale can be found here. Corporate insiders own 0.41% of the company’s stock.

About Honeywell International

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Honeywell International (NASDAQ:HON)

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