Hudson Valley Investment Advisors Inc. ADV raised its position in Honeywell International Inc. (NYSE:HON) by 115.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,630 shares of the conglomerate’s stock after buying an additional 5,685 shares during the period. Hudson Valley Investment Advisors Inc. ADV’s holdings in Honeywell International were worth $1,417,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also modified their holdings of HON. Crestwood Advisors Group LLC purchased a new position in shares of Honeywell International during the first quarter valued at $100,000. Peoples Financial Services CORP. raised its position in shares of Honeywell International by 62.2% in the first quarter. Peoples Financial Services CORP. now owns 811 shares of the conglomerate’s stock valued at $101,000 after buying an additional 311 shares during the period. Hanson McClain Inc. raised its position in shares of Honeywell International by 0.4% in the first quarter. Hanson McClain Inc. now owns 810 shares of the conglomerate’s stock valued at $101,000 after buying an additional 3 shares during the period. MCF Advisors LLC raised its position in shares of Honeywell International by 55.8% in the first quarter. MCF Advisors LLC now owns 935 shares of the conglomerate’s stock valued at $117,000 after buying an additional 335 shares during the period. Finally, Proficio Capital Partners LLC raised its position in shares of Honeywell International by 56.7% in the first quarter. Proficio Capital Partners LLC now owns 940 shares of the conglomerate’s stock valued at $124,000 after buying an additional 340 shares during the period. 76.49% of the stock is currently owned by institutional investors.
Honeywell International Inc. (NYSE HON) traded down 0.66% during midday trading on Friday, hitting $134.95. 2,977,551 shares of the company traded hands. The firm has a market capitalization of $102.64 billion, a PE ratio of 20.93 and a beta of 0.94. Honeywell International Inc. has a 12-month low of $105.25 and a 12-month high of $140.21. The stock’s 50-day moving average is $136.42 and its 200-day moving average is $130.09.
Honeywell International (NYSE:HON) last released its earnings results on Friday, July 21st. The conglomerate reported $1.80 earnings per share for the quarter, beating analysts’ consensus estimates of $1.78 by $0.02. The business had revenue of $10.08 billion during the quarter, compared to the consensus estimate of $9.89 billion. Honeywell International had a net margin of 12.68% and a return on equity of 26.60%. The firm’s revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.70 earnings per share. Analysts anticipate that Honeywell International Inc. will post $7.09 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 8th. Investors of record on Friday, August 18th will be given a $0.665 dividend. This represents a $2.66 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date is Wednesday, August 16th. Honeywell International’s dividend payout ratio (DPR) is currently 41.24%.
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Several analysts recently issued reports on HON shares. Zacks Investment Research upgraded Honeywell International from a “hold” rating to a “buy” rating and set a $151.00 price target for the company in a report on Thursday, July 20th. Barclays PLC increased their price target on Honeywell International from $139.00 to $140.00 and gave the company an “overweight” rating in a report on Tuesday, April 25th. Morgan Stanley reiterated an “overweight” rating and issued a $141.00 price target (up from $137.00) on shares of Honeywell International in a report on Thursday, June 22nd. BidaskClub upgraded Honeywell International from a “buy” rating to a “strong-buy” rating in a report on Wednesday, June 21st. Finally, Citigroup Inc. increased their price target on Honeywell International from $140.00 to $147.00 and gave the company a “buy” rating in a report on Tuesday, April 25th. One equities research analyst has rated the stock with a hold rating and eighteen have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $139.64.
In other Honeywell International news, VP Jennifer H. Mak sold 5,510 shares of the stock in a transaction on Tuesday, May 23rd. The shares were sold at an average price of $131.88, for a total value of $726,658.80. Following the completion of the sale, the vice president now owns 3,141 shares in the company, valued at $414,235.08. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Linnet F. Deily sold 4,344 shares of the stock in a transaction on Monday, August 7th. The shares were sold at an average price of $138.47, for a total transaction of $601,513.68. Following the completion of the sale, the director now owns 9,753 shares of the company’s stock, valued at approximately $1,350,497.91. The disclosure for this sale can be found here. In the last ninety days, insiders sold 469,799 shares of company stock valued at $64,094,877. 1.56% of the stock is owned by insiders.
Honeywell International Company Profile
Honeywell International Inc is a technology and manufacturing company. The Company operates through four segments: Aerospace, Home and Building Technologies, Performance Materials and Technologies, and Safety and Productivity Solutions. The Company’s Aerospace segment supplies products, software and services for aircraft and vehicles that it sells to original equipment manufacturers (OEMs) and other customers.
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