Gabelli Funds LLC Has $72.51 Million Stake in Honeywell International Inc. (NASDAQ:HON)

Gabelli Funds LLC reduced its position in shares of Honeywell International Inc. (NASDAQ:HON) by 3.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 339,575 shares of the conglomerate’s stock after selling 12,475 shares during the period. Gabelli Funds LLC owned about 0.05% of Honeywell International worth $72,513,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Mount Yale Investment Advisors LLC increased its stake in Honeywell International by 264.7% in the 2nd quarter. Mount Yale Investment Advisors LLC now owns 4,672 shares of the conglomerate’s stock valued at $998,000 after buying an additional 3,391 shares during the last quarter. Frank Rimerman Advisors LLC increased its position in shares of Honeywell International by 11,200.0% in the second quarter. Frank Rimerman Advisors LLC now owns 6,102 shares of the conglomerate’s stock valued at $1,303,000 after acquiring an additional 6,048 shares during the last quarter. Legacy Financial Advisors Inc. raised its holdings in Honeywell International by 3.6% during the second quarter. Legacy Financial Advisors Inc. now owns 3,108 shares of the conglomerate’s stock worth $664,000 after acquiring an additional 108 shares in the last quarter. Ensign Peak Advisors Inc grew its stake in Honeywell International by 3.1% in the second quarter. Ensign Peak Advisors Inc now owns 1,559,163 shares of the conglomerate’s stock valued at $332,944,000 after purchasing an additional 46,322 shares in the last quarter. Finally, Capstone Triton Financial Group LLC increased its holdings in Honeywell International by 15.3% during the second quarter. Capstone Triton Financial Group LLC now owns 3,309 shares of the conglomerate’s stock worth $707,000 after buying an additional 439 shares during the last quarter. 75.91% of the stock is owned by institutional investors and hedge funds.

Honeywell International Price Performance

Shares of Honeywell International stock opened at $203.35 on Friday. Honeywell International Inc. has a twelve month low of $174.88 and a twelve month high of $220.79. The company has a 50-day simple moving average of $204.50 and a two-hundred day simple moving average of $203.46. The stock has a market capitalization of $132.42 billion, a price-to-earnings ratio of 23.56, a price-to-earnings-growth ratio of 2.32 and a beta of 1.03. The company has a quick ratio of 0.91, a current ratio of 1.21 and a debt-to-equity ratio of 1.19.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings data on Thursday, July 25th. The conglomerate reported $2.49 earnings per share for the quarter, beating the consensus estimate of $2.42 by $0.07. Honeywell International had a return on equity of 36.87% and a net margin of 15.49%. The firm had revenue of $9.58 billion during the quarter, compared to analysts’ expectations of $9.41 billion. During the same period in the previous year, the firm earned $2.23 EPS. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. Analysts forecast that Honeywell International Inc. will post 10.11 EPS for the current year.

Honeywell International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Friday, August 16th were given a $1.08 dividend. This represents a $4.32 annualized dividend and a dividend yield of 2.12%. The ex-dividend date was Friday, August 16th. Honeywell International’s payout ratio is presently 50.06%.

Analyst Ratings Changes

Several research analysts have recently weighed in on HON shares. Daiwa America upgraded shares of Honeywell International to a “moderate buy” rating in a research note on Wednesday, June 5th. Citigroup upped their price objective on Honeywell International from $243.00 to $244.00 and gave the company a “buy” rating in a research note on Tuesday, June 4th. Royal Bank of Canada reduced their target price on Honeywell International from $218.00 to $214.00 and set a “sector perform” rating for the company in a research note on Friday, July 26th. Wells Fargo & Company dropped their price target on Honeywell International from $220.00 to $215.00 and set an “equal weight” rating on the stock in a research note on Friday, July 26th. Finally, UBS Group raised shares of Honeywell International from a “sell” rating to a “neutral” rating and lifted their price objective for the stock from $175.00 to $215.00 in a research report on Monday, June 10th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Honeywell International has an average rating of “Hold” and a consensus target price of $223.13.

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.