Hudson Valley Investment Advisors Inc. ADV Has $494,000 Stake in Honeywell International Inc. (NASDAQ:HON)

Hudson Valley Investment Advisors Inc. ADV boosted its stake in Honeywell International Inc. (NASDAQ:HON) by 11.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,438 shares of the conglomerate’s stock after purchasing an additional 253 shares during the quarter. Hudson Valley Investment Advisors Inc. ADV’s holdings in Honeywell International were worth $494,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Price T Rowe Associates Inc. MD raised its position in shares of Honeywell International by 32.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 7,840,959 shares of the conglomerate’s stock worth $1,644,328,000 after acquiring an additional 1,899,373 shares in the last quarter. International Assets Investment Management LLC raised its holdings in Honeywell International by 6,557.2% during the 4th quarter. International Assets Investment Management LLC now owns 940,661 shares of the conglomerate’s stock valued at $197,266,000 after acquiring an additional 926,531 shares during the period. Natixis increased its holdings in shares of Honeywell International by 184.8% in the first quarter. Natixis now owns 838,716 shares of the conglomerate’s stock worth $172,146,000 after purchasing an additional 544,175 shares during the period. Capital Research Global Investors increased its holdings in shares of Honeywell International by 20.4% in the fourth quarter. Capital Research Global Investors now owns 3,189,925 shares of the conglomerate’s stock worth $668,959,000 after purchasing an additional 539,644 shares during the period. Finally, California Public Employees Retirement System increased its holdings in shares of Honeywell International by 27.5% in the fourth quarter. California Public Employees Retirement System now owns 1,739,695 shares of the conglomerate’s stock worth $364,831,000 after purchasing an additional 375,158 shares during the period. 75.91% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Honeywell International

In other news, Director Darius Adamczyk sold 28,500 shares of Honeywell International stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $203.96, for a total value of $5,812,860.00. Following the completion of the transaction, the director now owns 203,510 shares of the company’s stock, valued at approximately $41,507,899.60. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.41% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on HON. Royal Bank of Canada decreased their target price on shares of 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. Citigroup raised their price target on shares of Honeywell International from $243.00 to $244.00 and gave the stock a “buy” rating in a research note on Tuesday, June 4th. UBS Group raised shares of Honeywell International from a “sell” rating to a “neutral” rating and boosted their price target for the company from $175.00 to $215.00 in a research note on Monday, June 10th. Wells Fargo & Company lowered their target price 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, Daiwa America raised shares of Honeywell International to a “moderate buy” rating in a research note on Wednesday, June 5th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $225.00.

Honeywell International Trading Down 2.0 %

Honeywell International stock traded down $3.98 during mid-day trading on Monday, hitting $199.71. The stock had a trading volume of 3,915,349 shares, compared to its average volume of 2,925,426. The stock has a 50-day simple moving average of $210.09 and a two-hundred day simple moving average of $202.66. The stock has a market capitalization of $129.75 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 12 month low of $174.88 and a 12 month high of $220.79. The company has a current ratio of 1.21, a quick ratio of 0.91 and a debt-to-equity ratio of 1.19.

Honeywell International (NASDAQ:HON) last posted its earnings results on Thursday, July 25th. The conglomerate reported $2.49 earnings per share for the quarter, topping analysts’ consensus estimates of $2.42 by $0.07. The business had revenue of $9.58 billion for the quarter, compared to analyst estimates of $9.41 billion. Honeywell International had a return on equity of 36.87% and a net margin of 15.49%. The firm’s revenue was up 4.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.23 EPS. As a group, sell-side analysts forecast that Honeywell International Inc. will post 10.14 EPS for the current year.

Honeywell International Announces Dividend

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

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.