GAMMA Investing LLC Has $898,000 Stock Position in Honeywell International Inc. (NASDAQ:HON)

GAMMA Investing LLC lifted its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 47.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,207 shares of the conglomerate’s stock after purchasing an additional 1,360 shares during the quarter. GAMMA Investing LLC’s holdings in Honeywell International were worth $898,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Torray Investment Partners LLC lifted its holdings in shares of Honeywell International by 0.3% during the 4th quarter. Torray Investment Partners LLC now owns 58,708 shares of the conglomerate’s stock worth $12,312,000 after acquiring an additional 190 shares during the period. Boyd Watterson Asset Management LLC OH lifted its holdings in shares of Honeywell International by 0.3% during the 4th quarter. Boyd Watterson Asset Management LLC OH now owns 26,817 shares of the conglomerate’s stock worth $5,624,000 after acquiring an additional 89 shares during the period. Adell Harriman & Carpenter Inc. lifted its holdings in shares of Honeywell International by 2.1% during the 4th quarter. Adell Harriman & Carpenter Inc. now owns 57,231 shares of the conglomerate’s stock worth $12,002,000 after acquiring an additional 1,189 shares during the period. Nisa Investment Advisors LLC lifted its holdings in shares of Honeywell International by 2.9% during the 4th quarter. Nisa Investment Advisors LLC now owns 225,185 shares of the conglomerate’s stock worth $47,224,000 after acquiring an additional 6,253 shares during the period. Finally, Connectus Wealth LLC lifted its holdings in shares of Honeywell International by 2.2% during the 4th quarter. Connectus Wealth LLC now owns 224,661 shares of the conglomerate’s stock worth $47,128,000 after acquiring an additional 4,789 shares during the period. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Honeywell International Price Performance

HON traded down $3.30 during midday trading on Monday, hitting $200.39. The company had a trading volume of 1,894,065 shares, compared to its average volume of 2,911,863. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.91 and a current ratio of 1.21. The company has a market capitalization of $130.19 billion, a PE ratio of 23.15, a P/E/G ratio of 2.32 and a beta of 1.04. Honeywell International Inc. has a twelve month low of $174.88 and a twelve month high of $220.79. The firm’s 50-day simple moving average is $210.09 and its 200-day simple moving average is $202.66.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings results on Thursday, July 25th. The conglomerate reported $2.49 EPS for the quarter, topping the consensus estimate of $2.42 by $0.07. Honeywell International had a net margin of 15.49% and a return on equity of 36.87%. The company had revenue of $9.58 billion during the quarter, compared to analysts’ expectations of $9.41 billion. During the same quarter in the previous year, the company earned $2.23 EPS. Honeywell International’s revenue was up 4.7% on a year-over-year basis. Equities research analysts predict that Honeywell International Inc. will post 10.14 EPS for the current fiscal year.

Honeywell International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 6th. Investors of record on Friday, August 16th will be issued a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date of this dividend is Friday, August 16th. Honeywell International’s dividend payout ratio is currently 50.06%.

Insider Activity at Honeywell International

In other Honeywell International news, Director Darius Adamczyk sold 28,500 shares of Honeywell International stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $203.96, for a total value of $5,812,860.00. Following the transaction, the director now owns 203,510 shares of the company’s stock, valued at $41,507,899.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.41% of the company’s stock.

Wall Street Analysts Forecast Growth

HON has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $215.00 price objective (down from $227.00) on shares of Honeywell International in a report on Tuesday, April 16th. Daiwa America raised shares of Honeywell International to a “moderate buy” rating in a report on Wednesday, June 5th. UBS Group raised shares of Honeywell International from a “sell” rating to a “neutral” rating and lifted their price target for the company from $175.00 to $215.00 in a report on Monday, June 10th. Wells Fargo & Company cut their price target on shares of Honeywell International from $220.00 to $215.00 and set an “equal weight” rating for the company in a report on Friday, July 26th. Finally, StockNews.com downgraded shares of Honeywell International from a “buy” rating to a “hold” rating in a report on Saturday. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $225.00.

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.