Valley National Advisers Inc. Decreases Holdings in Honeywell International Inc. (NASDAQ:HON)

Valley National Advisers Inc. trimmed its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 50.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 10,244 shares of the conglomerate’s stock after selling 10,444 shares during the period. Valley National Advisers Inc.’s holdings in Honeywell International were worth $2,117,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Pullen Investment Management LLC boosted its position in Honeywell International by 2.1% in the 3rd quarter. Pullen Investment Management LLC now owns 4,990 shares of the conglomerate’s stock valued at $1,031,000 after buying an additional 103 shares during the last quarter. Mcrae Capital Management Inc. raised its stake in shares of Honeywell International by 75.2% in the 3rd quarter. Mcrae Capital Management Inc. now owns 6,733 shares of the conglomerate’s stock valued at $1,392,000 after purchasing an additional 2,891 shares in the last quarter. Smith Salley Wealth Management raised its stake in shares of Honeywell International by 1.9% in the 3rd quarter. Smith Salley Wealth Management now owns 67,153 shares of the conglomerate’s stock valued at $13,881,000 after purchasing an additional 1,275 shares in the last quarter. Mattern Capital Management LLC raised its stake in shares of Honeywell International by 0.3% in the 3rd quarter. Mattern Capital Management LLC now owns 39,498 shares of the conglomerate’s stock valued at $8,165,000 after purchasing an additional 104 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale raised its stake in shares of Honeywell International by 4.5% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 598,248 shares of the conglomerate’s stock valued at $122,831,000 after purchasing an additional 25,835 shares in the last quarter. 75.91% of the stock is owned by hedge funds and other institutional investors.

Honeywell International Price Performance

Shares of NASDAQ:HON opened at $208.00 on Friday. The firm’s 50 day moving average is $207.39 and its two-hundred day moving average is $205.44. Honeywell International Inc. has a 52 week low of $174.88 and a 52 week high of $222.98. The firm has a market capitalization of $135.45 billion, a P/E ratio of 24.10, a PEG ratio of 2.45 and a beta of 1.03. 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 quarterly earnings data on Thursday, October 24th. The conglomerate reported $2.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.50 by $0.08. The business had revenue of $9.73 billion during the quarter, compared to analysts’ expectations of $9.90 billion. Honeywell International had a net margin of 15.49% and a return on equity of 36.87%. Analysts anticipate that Honeywell International Inc. will post 10.1 earnings per share for the current year.

Honeywell International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be issued a $1.13 dividend. The ex-dividend date of this dividend is Friday, November 15th. This is a boost from Honeywell International’s previous quarterly dividend of $1.08. This represents a $4.52 annualized dividend and a dividend yield of 2.17%. Honeywell International’s dividend payout ratio (DPR) is 52.38%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on HON shares. Baird R W lowered shares of Honeywell International from a “strong-buy” rating to a “hold” rating in a research note on Friday. Morgan Stanley initiated coverage on shares of Honeywell International in a research note on Friday, September 6th. They set an “equal weight” rating and a $210.00 price objective on the stock. Robert W. Baird lowered shares of Honeywell International from an “outperform” rating to a “neutral” rating and dropped their price objective for the stock from $223.00 to $217.00 in a research note on Friday. StockNews.com lowered shares of Honeywell International from a “buy” rating to a “hold” rating in a research note on Friday, August 30th. Finally, Citigroup dropped their price objective on shares of Honeywell International from $248.00 to $244.00 and set a “buy” rating on the stock in a research note on Friday. Ten analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $223.73.

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.