GAMMA Investing LLC Takes Position in Honeywell International Inc. (NASDAQ:HON)

GAMMA Investing LLC bought a new position in shares of Honeywell International Inc. (NASDAQ:HON) in the fourth quarter, HoldingsChannel reports. The firm bought 2,357 shares of the conglomerate’s stock, valued at approximately $477,000.

Other institutional investors also recently modified their holdings of the company. Barclays PLC increased its stake in shares of Honeywell International by 57.3% during the third quarter. Barclays PLC now owns 3,190,755 shares of the conglomerate’s stock valued at $589,462,000 after purchasing an additional 1,162,518 shares in the last quarter. International Assets Investment Management LLC increased its position in shares of Honeywell International by 6,557.2% during the fourth quarter. International Assets Investment Management LLC now owns 940,661 shares of the conglomerate’s stock valued at $197,266,000 after acquiring an additional 926,531 shares in the last quarter. Van ECK Associates Corp increased its position in shares of Honeywell International by 853.0% during the third quarter. Van ECK Associates Corp now owns 887,629 shares of the conglomerate’s stock valued at $163,980,000 after acquiring an additional 794,489 shares in the last quarter. Adage Capital Partners GP L.L.C. increased its position in shares of Honeywell International by 51.3% during the third quarter. Adage Capital Partners GP L.L.C. now owns 1,874,877 shares of the conglomerate’s stock valued at $346,365,000 after acquiring an additional 636,104 shares in the last quarter. Finally, California Public Employees Retirement System increased its position in shares of Honeywell International by 27.5% during the fourth quarter. California Public Employees Retirement System now owns 1,739,695 shares of the conglomerate’s stock valued at $364,831,000 after acquiring an additional 375,158 shares in the last quarter. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Honeywell International Price Performance

NASDAQ HON traded down $1.52 on Wednesday, reaching $194.64. The company had a trading volume of 1,060,515 shares, compared to its average volume of 2,974,746. The company has a quick ratio of 0.93, a current ratio of 1.27 and a debt-to-equity ratio of 1.01. The stock has a market capitalization of $126.75 billion, a PE ratio of 22.95, a price-to-earnings-growth ratio of 2.24 and a beta of 1.02. The firm’s 50 day moving average price is $198.35 and its 200 day moving average price is $196.26. Honeywell International Inc. has a 12 month low of $174.88 and a 12 month high of $210.87.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings results on Thursday, February 1st. The conglomerate reported $2.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.59 by $0.01. Honeywell International had a net margin of 15.43% and a return on equity of 35.17%. The company had revenue of $9.44 billion for the quarter, compared to the consensus estimate of $9.70 billion. During the same period in the previous year, the firm posted $2.52 EPS. Honeywell International’s revenue for the quarter was up 2.8% compared to the same quarter last year. As a group, equities analysts predict that Honeywell International Inc. will post 9.94 earnings per share for the current year.

Honeywell International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were given a $1.08 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $4.32 annualized dividend and a yield of 2.22%. Honeywell International’s dividend payout ratio (DPR) is 51.00%.

Insider Buying and Selling at Honeywell International

In other news, Director Darius Adamczyk sold 25,500 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $197.19, for a total value of $5,028,345.00. Following the completion of the sale, the director now owns 183,400 shares of the company’s stock, valued at approximately $36,164,646. 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 owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have recently weighed in on HON. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $215.00 price target (down previously from $227.00) on shares of Honeywell International in a research note on Tuesday, April 16th. Royal Bank of Canada dropped their price target on shares of Honeywell International from $210.00 to $209.00 and set a “sector perform” rating on the stock in a research note on Friday, February 2nd. Barclays lifted their price target 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, Berenberg Bank upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and lifted their price target for the stock from $195.00 to $240.00 in a research note on Wednesday, March 6th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Honeywell International has an average rating of “Hold” and an average target price of $219.67.

Honeywell International 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.