GABELLI & Co INVESTMENT ADVISERS INC. Invests $200,000 in Honeywell International Inc. (HON)

GABELLI & Co INVESTMENT ADVISERS INC. acquired a new stake in shares of Honeywell International Inc. (NYSE:HON) during the third quarter, HoldingsChannel reports. The fund acquired 1,200 shares of the conglomerate’s stock, valued at approximately $200,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Welch Group LLC acquired a new position in shares of Honeywell International during the 3rd quarter valued at about $108,000. CX Institutional acquired a new position in shares of Honeywell International during the 2nd quarter valued at about $100,000. Jolley Asset Management LLC acquired a new position in shares of Honeywell International during the 2nd quarter valued at about $104,000. Fort L.P. acquired a new position in shares of Honeywell International during the 2nd quarter valued at about $118,000. Finally, Squar Milner Financial Services LLC increased its holdings in shares of Honeywell International by 155.4% during the 3rd quarter. Squar Milner Financial Services LLC now owns 835 shares of the conglomerate’s stock valued at $139,000 after acquiring an additional 508 shares during the last quarter. 71.42% of the stock is currently owned by institutional investors and hedge funds.

Shares of HON stock opened at $150.32 on Friday. The company has a quick ratio of 1.20, a current ratio of 1.49 and a debt-to-equity ratio of 0.76. Honeywell International Inc. has a 12 month low of $139.30 and a 12 month high of $167.72. The company has a market capitalization of $111.19 billion, a price-to-earnings ratio of 18.89, a PEG ratio of 1.92 and a beta of 1.04.

Honeywell International (NYSE:HON) last announced its quarterly earnings data on Friday, October 19th. The conglomerate reported $2.03 EPS for the quarter, topping the Zacks’ consensus estimate of $1.99 by $0.04. Honeywell International had a return on equity of 33.69% and a net margin of 6.13%. The company had revenue of $10.76 billion during the quarter, compared to the consensus estimate of $10.75 billion. During the same quarter last year, the company earned $1.75 EPS. The company’s quarterly revenue was up 6.3% on a year-over-year basis. On average, equities research analysts forecast that Honeywell International Inc. will post 7.98 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 7th. Shareholders of record on Friday, November 16th will be given a $0.82 dividend. The ex-dividend date is Thursday, November 15th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 2.18%. This is an increase from Honeywell International’s previous quarterly dividend of $0.75. Honeywell International’s dividend payout ratio (DPR) is currently 41.91%.

A number of research analysts have recently commented on HON shares. Morgan Stanley started coverage on Honeywell International in a report on Monday, August 20th. They set an “overweight” rating and a $175.00 price objective on the stock. HSBC downgraded Honeywell International from a “buy” rating to a “hold” rating and set a $162.00 target price for the company. in a research note on Tuesday, October 2nd. Barclays increased their target price on Honeywell International from $176.00 to $178.00 and gave the company an “overweight” rating in a research note on Friday, August 24th. Argus restated a “buy” rating on shares of Honeywell International in a research note on Monday, October 22nd. Finally, Citigroup decreased their target price on Honeywell International from $194.00 to $186.00 and set a “buy” rating for the company in a research note on Monday, October 22nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and eighteen have given a buy rating to the stock. Honeywell International currently has an average rating of “Buy” and an average target price of $172.90.

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Honeywell International Company Profile

Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. It operates through four segments: Aerospace; Home and Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. The Aerospace segment supplies products, software, and services for aircraft and vehicles that it sells to original equipment manufacturers and other customers in various markets, including air transport, regional, business and general aviation aircraft, airlines, aircraft operators, defense and space contractors, and automotive and truck manufacturers.

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Institutional Ownership by Quarter for Honeywell International (NYSE:HON)

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