Honeywell International Inc. (NASDAQ:HON) Stock Position Reduced by Gateway Investment Advisers LLC

Gateway Investment Advisers LLC reduced its holdings in Honeywell International Inc. (NASDAQ:HON) by 0.6% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 235,565 shares of the conglomerate’s stock after selling 1,313 shares during the quarter. Gateway Investment Advisers LLC’s holdings in Honeywell International were worth $49,881,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. LaFleur & Godfrey LLC lifted its position in Honeywell International by 40.7% in the 4th quarter. LaFleur & Godfrey LLC now owns 42,277 shares of the conglomerate’s stock valued at $9,550,000 after purchasing an additional 12,227 shares during the last quarter. Brighton Jones LLC raised its holdings in shares of Honeywell International by 9.1% during the fourth quarter. Brighton Jones LLC now owns 19,047 shares of the conglomerate’s stock valued at $4,302,000 after buying an additional 1,582 shares during the last quarter. Union Bancaire Privee UBP SA bought a new stake in shares of Honeywell International during the fourth quarter valued at approximately $21,525,000. Stratos Wealth Advisors LLC boosted its position in shares of Honeywell International by 7.1% during the fourth quarter. Stratos Wealth Advisors LLC now owns 5,158 shares of the conglomerate’s stock worth $1,165,000 after buying an additional 343 shares during the period. Finally, Tectonic Advisors LLC bought a new position in Honeywell International in the 4th quarter worth approximately $268,000. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Honeywell International Stock Up 0.9%

Honeywell International stock opened at $228.78 on Friday. Honeywell International Inc. has a twelve month low of $179.36 and a twelve month high of $242.77. 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 $147.03 billion, a PE ratio of 26.27, a P/E/G ratio of 2.51 and a beta of 1.08. The firm’s 50 day moving average price is $210.44 and its two-hundred day moving average price is $216.22.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings results on Tuesday, April 29th. The conglomerate reported $2.51 EPS for the quarter, beating the consensus estimate of $2.21 by $0.30. The business had revenue of $9.82 billion for the quarter, compared to analysts’ expectations of $9.59 billion. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. Honeywell International’s revenue was up 7.9% on a year-over-year basis. During the same period in the previous year, the company posted $2.25 EPS. On average, research analysts predict that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 16th were issued a $1.13 dividend. The ex-dividend date was Friday, May 16th. This represents a $4.52 dividend on an annualized basis and a yield of 1.98%. Honeywell International’s dividend payout ratio is currently 51.95%.

Analyst Ratings Changes

A number of research analysts have recently commented on HON shares. Wall Street Zen raised Honeywell International from a “hold” rating to a “buy” rating in a report on Thursday, May 15th. Mizuho raised their target price on shares of Honeywell International from $235.00 to $250.00 and gave the company an “outperform” rating in a research note on Friday, May 16th. Barclays reduced their price target on shares of Honeywell International from $247.00 to $243.00 and set an “overweight” rating for the company in a research note on Wednesday, April 30th. Wells Fargo & Company raised their price objective on shares of Honeywell International from $205.00 to $225.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 30th. Finally, Bank of America upgraded Honeywell International from a “neutral” rating to a “buy” rating and set a $250.00 target price for the company in a research report on Wednesday, May 7th. Eight research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $248.14.

About Honeywell International

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.