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

Hudson Valley Investment Advisors Inc. ADV boosted its position in Honeywell International Inc. (NASDAQ:HON) by 11.6% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,438 shares of the conglomerate’s stock after buying 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 filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. LGT Group Foundation acquired a new position in shares of Honeywell International during the 1st quarter worth $26,000. Scarborough Advisors LLC acquired a new position in Honeywell International during the 4th quarter worth approximately $27,000. Altshuler Shaham Ltd acquired a new position in Honeywell International during the 4th quarter worth approximately $27,000. Rakuten Securities Inc. acquired a new position in Honeywell International during the 4th quarter worth approximately $31,000. Finally, Richardson Capital Management LLC purchased a new stake in shares of Honeywell International in the first quarter worth approximately $35,000. Institutional investors and hedge funds own 75.91% of the company’s stock.

Honeywell International Stock Down 2.0 %

HON stock traded down $3.98 during trading on Monday, hitting $199.71. 3,915,349 shares of the company’s stock traded hands, compared to its average volume of 2,925,426. The business has a fifty day simple moving average of $210.09 and a two-hundred day simple moving average of $202.66. 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 Inc. has a 1 year low of $174.88 and a 1 year high of $220.79. The firm has a market capitalization of $129.75 billion, a P/E ratio of 23.15, a PEG ratio of 2.32 and a beta of 1.04.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings data 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. Honeywell International had a net margin of 15.49% and a return on equity of 36.87%. The business had revenue of $9.58 billion during the quarter, compared to the consensus estimate of $9.41 billion. During the same quarter in the prior year, the firm posted $2.23 earnings per share. The company’s revenue was up 4.7% compared to the same quarter last year. Sell-side analysts anticipate that Honeywell International Inc. will post 10.14 EPS for the current year.

Honeywell International Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Citigroup increased their price target on Honeywell International from $243.00 to $244.00 and gave the company a “buy” rating in a research report on Tuesday, June 4th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $215.00 price objective (down from $227.00) on shares of Honeywell International in a report on Tuesday, April 16th. UBS Group raised Honeywell International from a “sell” rating to a “neutral” rating and raised their price target for the stock from $175.00 to $215.00 in a report on Monday, June 10th. Wells Fargo & Company cut their price target on 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, Royal Bank of Canada cut their price target on Honeywell International from $218.00 to $214.00 and set a “sector perform” rating for the company in a report on Friday, July 26th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $225.00.

Insider Activity at Honeywell International

In other news, Director Darius Adamczyk sold 28,500 shares of the company’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $203.96, for a total value of $5,812,860.00. Following the transaction, the director now directly owns 203,510 shares in the company, valued at approximately $41,507,899.60. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.41% of the stock is owned by corporate insiders.

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.