Hudson Valley Investment Advisors Inc. ADV Sells 11,538 Shares of Honeywell International Inc. (NASDAQ:HON)

Hudson Valley Investment Advisors Inc. ADV lessened its position in shares of Honeywell International Inc. (NASDAQ:HONFree Report) by 83.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 2,238 shares of the conglomerate’s stock after selling 11,538 shares during the period. Hudson Valley Investment Advisors Inc. ADV’s holdings in Honeywell International were worth $454,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in HON. Marco Investment Management LLC grew its holdings in shares of Honeywell International by 8.8% in the 2nd quarter. Marco Investment Management LLC now owns 41,396 shares of the conglomerate’s stock valued at $8,590,000 after acquiring an additional 3,342 shares in the last quarter. Industrial Alliance Investment Management Inc. lifted its stake in Honeywell International by 1,205.8% in the 3rd quarter. Industrial Alliance Investment Management Inc. now owns 3,395 shares of the conglomerate’s stock valued at $627,000 after purchasing an additional 3,135 shares during the last quarter. Jag Capital Management LLC lifted its stake in Honeywell International by 40.8% in the 3rd quarter. Jag Capital Management LLC now owns 1,619 shares of the conglomerate’s stock valued at $299,000 after purchasing an additional 469 shares during the last quarter. Shulman DeMeo Asset Management LLC lifted its stake in Honeywell International by 11.1% in the 4th quarter. Shulman DeMeo Asset Management LLC now owns 1,686 shares of the conglomerate’s stock valued at $354,000 after purchasing an additional 169 shares during the last quarter. Finally, Ferguson Wellman Capital Management Inc. lifted its position in Honeywell International by 1.7% during the fourth quarter. Ferguson Wellman Capital Management Inc. now owns 495,917 shares of the conglomerate’s stock worth $103,999,000 after acquiring an additional 8,493 shares during the last quarter. Institutional investors own 74.61% of the company’s stock.

Insider Transactions at Honeywell International

In other news, Director Darius Adamczyk sold 25,500 shares of the business’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $197.19, for a total transaction of $5,028,345.00. Following the completion of the sale, the director now directly owns 183,400 shares of the company’s stock, valued at $36,164,646. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.45% of the stock is currently owned by insiders.

Honeywell International Price Performance

Shares of NASDAQ:HON opened at $200.73 on Friday. The firm has a market cap of $130.91 billion, a PE ratio of 23.70, a price-to-earnings-growth ratio of 2.26 and a beta of 1.02. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.93 and a current ratio of 1.27. Honeywell International Inc. has a 52 week low of $174.88 and a 52 week high of $210.87. The firm’s fifty day moving average is $198.87 and its 200-day moving average is $194.58.

Honeywell International (NASDAQ:HONGet Free Report) last announced its quarterly earnings data on Thursday, February 1st. The conglomerate reported $2.60 earnings per share for the quarter, beating the consensus estimate of $2.59 by $0.01. Honeywell International had a net margin of 15.43% and a return on equity of 35.17%. The firm had revenue of $9.44 billion for the quarter, compared to analyst estimates of $9.70 billion. During the same quarter in the prior year, the business earned $2.52 earnings per share. The business’s quarterly revenue was up 2.8% compared to the same quarter last year. Sell-side analysts predict that Honeywell International Inc. will post 9.96 earnings per share for the current year.

Honeywell International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were given a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a dividend yield of 2.15%. The ex-dividend date of this dividend was Thursday, February 29th. Honeywell International’s payout ratio is presently 51.00%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Berenberg Bank upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and raised their price objective for the stock from $195.00 to $240.00 in a research report on Wednesday, March 6th. Barclays raised their price objective on shares of Honeywell International from $225.00 to $230.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 6th. Wells Fargo & Company raised their price objective on shares of Honeywell International from $190.00 to $213.00 and gave the stock an “equal weight” rating in a research report on Tuesday, December 19th. Finally, Royal Bank of Canada dropped their price target on shares of Honeywell International from $210.00 to $209.00 and set a “sector perform” rating for the company in a research report on Friday, February 2nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $220.89.

Check Out Our Latest Stock Analysis on HON

Honeywell International Company Profile

(Free Report)

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.

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

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