Honeywell International Inc. (HON) Stake Lowered by Gamco Investors INC. ET AL
Gamco Investors INC. ET AL trimmed its position in shares of Honeywell International Inc. (NYSE:HON) by 4.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,511,627 shares of the conglomerate’s stock after selling 69,462 shares during the period. Honeywell International accounts for 1.5% of Gamco Investors INC. ET AL’s portfolio, making the stock its 4th largest holding. Gamco Investors INC. ET AL’s holdings in Honeywell International were worth $231,823,000 at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in the company. Rowland & Co. Investment Counsel ADV raised its position in shares of Honeywell International by 0.4% during the 2nd quarter. Rowland & Co. Investment Counsel ADV now owns 3,735 shares of the conglomerate’s stock valued at $499,000 after purchasing an additional 14 shares during the period. Jacobi Capital Management LLC raised its position in shares of Honeywell International by 0.6% during the 2nd quarter. Jacobi Capital Management LLC now owns 2,800 shares of the conglomerate’s stock valued at $377,000 after purchasing an additional 16 shares during the period. Bienville Capital Management LLC raised its position in shares of Honeywell International by 1.0% during the 2nd quarter. Bienville Capital Management LLC now owns 3,132 shares of the conglomerate’s stock valued at $417,000 after purchasing an additional 31 shares during the period. GM Advisory Group Inc. raised its position in shares of Honeywell International by 1.4% during the 2nd quarter. GM Advisory Group Inc. now owns 2,187 shares of the conglomerate’s stock valued at $292,000 after purchasing an additional 31 shares during the period. Finally, Meridian Investment Counsel Inc. increased its holdings in Honeywell International by 0.4% in the 2nd quarter. Meridian Investment Counsel Inc. now owns 7,972 shares of the conglomerate’s stock valued at $1,063,000 after acquiring an additional 31 shares during the last quarter. Hedge funds and other institutional investors own 77.97% of the company’s stock.
In other Honeywell International news, Director Jaime Chico /Fa Pardo sold 2,868 shares of Honeywell International stock in a transaction on Monday, February 26th. The shares were sold at an average price of $156.36, for a total value of $448,440.48. Following the completion of the transaction, the director now directly owns 41,092 shares of the company’s stock, valued at approximately $6,425,145.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Linnet F. Deily sold 2,886 shares of Honeywell International stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $147.71, for a total transaction of $426,291.06. Following the completion of the transaction, the director now directly owns 9,105 shares of the company’s stock, valued at $1,344,899.55. The disclosure for this sale can be found here. Company insiders own 1.56% of the company’s stock.
Honeywell International (NYSE:HON) last issued its quarterly earnings data on Friday, January 26th. The conglomerate reported $1.85 EPS for the quarter, topping analysts’ consensus estimates of $1.84 by $0.01. Honeywell International had a net margin of 4.08% and a return on equity of 27.27%. The business had revenue of $10.84 billion during the quarter, compared to analysts’ expectations of $10.80 billion. During the same period last year, the company posted $1.74 EPS. The business’s revenue was up 8.6% on a year-over-year basis. sell-side analysts anticipate that Honeywell International Inc. will post 7.97 earnings per share for the current fiscal year.
Honeywell International declared that its board has approved a share repurchase program on Friday, December 8th that permits the company to buyback $6.50 billion in shares. This buyback authorization permits the conglomerate to purchase shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s management believes its shares are undervalued.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 9th. Shareholders of record on Friday, February 23rd were paid a $0.745 dividend. The ex-dividend date was Thursday, February 22nd. This represents a $2.98 dividend on an annualized basis and a dividend yield of 1.93%. Honeywell International’s payout ratio is currently 143.27%.
A number of analysts have issued reports on HON shares. Deutsche Bank reiterated a “buy” rating and issued a $171.00 price target on shares of Honeywell International in a report on Tuesday, November 28th. Zacks Investment Research downgraded shares of Honeywell International from a “buy” rating to a “hold” rating in a report on Thursday, November 30th. Royal Bank of Canada downgraded shares of Honeywell International from an “outperform” rating to a “sector perform” rating and reduced their price target for the company from $163.00 to $158.00 in a report on Wednesday, January 3rd. They noted that the move was a valuation call. Citigroup set a $180.00 price target on shares of Honeywell International and gave the company a “buy” rating in a report on Thursday, December 14th. Finally, Oppenheimer lifted their price target on shares of Honeywell International from $155.00 to $168.00 and gave the company an “outperform” rating in a report on Thursday, December 14th. Three equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Honeywell International currently has a consensus rating of “Buy” and a consensus price target of $165.67.
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Honeywell International Profile
Honeywell International Inc is a technology and manufacturing company. The Company operates through four segments: Aerospace, Home and Building Technologies, Performance Materials and Technologies, and Safety and Productivity Solutions. The Company’s Aerospace segment supplies products, software and services for aircraft and vehicles that it sells to original equipment manufacturers (OEMs) and other customers.
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