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

GAMMA Investing LLC increased its position in Honeywell International Inc. (NASDAQ:HON - Free Report) by 20,894.0% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 1,326,614 shares of the conglomerate's stock after purchasing an additional 1,320,295 shares during the period. Honeywell International accounts for about 0.5% of GAMMA Investing LLC's holdings, making the stock its 27th biggest holding. GAMMA Investing LLC owned 0.20% of Honeywell International worth $2,809,110,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Capital World Investors acquired a new position in Honeywell International during the 4th quarter worth approximately $1,594,216,000. Raymond James Financial Inc. acquired a new stake in shares of Honeywell International in the 4th quarter worth approximately $435,786,000. ING Groep NV grew its holdings in shares of Honeywell International by 884.0% in the 4th quarter. ING Groep NV now owns 1,752,472 shares of the conglomerate's stock worth $395,866,000 after acquiring an additional 1,574,376 shares during the period. Cibc World Markets Corp grew its holdings in shares of Honeywell International by 411.8% in the 4th quarter. Cibc World Markets Corp now owns 1,265,358 shares of the conglomerate's stock worth $285,832,000 after acquiring an additional 1,018,099 shares during the period. Finally, Demars Financial Group LLC acquired a new stake in shares of Honeywell International in the 4th quarter worth approximately $155,407,000. Institutional investors and hedge funds own 75.91% of the company's stock.

Honeywell International Trading Up 0.5%

Shares of HON traded up $1.08 during trading hours on Tuesday, hitting $226.60. The stock had a trading volume of 896,111 shares, compared to its average volume of 3,814,489. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.01 and a current ratio of 1.31. The firm has a market cap of $145.63 billion, a P/E ratio of 26.02, a P/E/G ratio of 2.51 and a beta of 1.07. The company's fifty day simple moving average is $209.24 and its 200 day simple moving average is $216.08. Honeywell International Inc. has a 12-month low of $179.36 and a 12-month high of $242.77.

Honeywell International (NASDAQ:HON - Get Free Report) last issued its earnings results on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share for the quarter, topping the consensus estimate of $2.21 by $0.30. Honeywell International had a return on equity of 35.78% and a net margin of 14.82%. The business had revenue of $9.82 billion for the quarter, compared to analyst estimates of $9.59 billion. During the same period last year, the company posted $2.25 EPS. The business's quarterly revenue was up 7.9% on a year-over-year basis. Equities research analysts forecast that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 16th will be paid a dividend of $1.13 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $4.52 annualized dividend and a dividend yield of 1.99%. Honeywell International's dividend payout ratio is presently 51.95%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Citigroup reduced their target price on Honeywell International from $253.00 to $229.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Royal Bank of Canada upped their target price on Honeywell International from $211.00 to $226.00 and gave the company a "sector perform" rating in a research note on Wednesday, April 30th. Barclays reduced their target price on Honeywell International from $247.00 to $243.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 30th. Mizuho upped their target price on Honeywell International from $235.00 to $250.00 and gave the company an "outperform" rating in a research note on Friday, May 16th. Finally, Wall Street Zen raised Honeywell International from a "hold" rating to a "buy" rating in a research note on Thursday, May 15th. Eight investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $245.57.

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.