NBT Bank N A NY Cuts Stock Holdings in Honeywell International Inc. (NASDAQ:HON)

NBT Bank N A NY trimmed its position in Honeywell International Inc. (NASDAQ:HON) by 0.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 31,222 shares of the conglomerate’s stock after selling 76 shares during the quarter. NBT Bank N A NY’s holdings in Honeywell International were worth $6,667,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in HON. GUNN & Co INVESTMENT MANAGEMENT INC. purchased a new position in shares of Honeywell International in the 4th quarter worth approximately $325,000. DiNuzzo Private Wealth Inc. bought a new position in shares of Honeywell International during the fourth quarter valued at approximately $50,000. Y.D. More Investments Ltd grew its position in Honeywell International by 41.3% in the 4th quarter. Y.D. More Investments Ltd now owns 654 shares of the conglomerate’s stock valued at $137,000 after acquiring an additional 191 shares during the last quarter. Great Valley Advisor Group Inc. boosted its stake in shares of Honeywell International by 9.2% during the fourth quarter. Great Valley Advisor Group Inc. now owns 28,758 shares of the conglomerate’s stock valued at $6,031,000 after purchasing an additional 2,428 shares during the period. Finally, Heritage Wealth Management LLC bought a new stake in Honeywell International during the 4th quarter valued at about $1,651,000. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on HON shares. Wells Fargo & Company dropped their price objective on Honeywell International from $220.00 to $215.00 and set an “equal weight” rating on the stock in a research note on Friday, July 26th. Royal Bank of Canada reduced their price objective 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. UBS Group upgraded Honeywell International from a “sell” rating to a “neutral” rating and lifted their price target for the company from $175.00 to $215.00 in a report on Monday, June 10th. Daiwa America upgraded Honeywell International to a “moderate buy” rating in a research note on Wednesday, June 5th. Finally, StockNews.com downgraded shares of Honeywell International from a “buy” rating to a “hold” rating in a research report on Friday. Five 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 company has an average rating of “Hold” and an average target price of $225.00.

Honeywell International Stock Performance

NASDAQ HON opened at $207.91 on Friday. The company has a market cap of $135.07 billion, a P/E ratio of 24.09, a P/E/G ratio of 2.37 and a beta of 1.04. Honeywell International Inc. has a 1-year low of $174.88 and a 1-year high of $220.79. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.21 and a quick ratio of 0.91. The stock has a 50-day moving average of $207.45 and a two-hundred day moving average of $202.93.

Honeywell International (NASDAQ:HON) last released its earnings results on Thursday, July 25th. The conglomerate reported $2.49 EPS for the quarter, topping the consensus estimate of $2.42 by $0.07. Honeywell International had a return on equity of 36.87% and a net margin of 15.49%. The firm had revenue of $9.58 billion during the quarter, compared to analysts’ expectations of $9.41 billion. During the same period in the previous year, the firm posted $2.23 EPS. Honeywell International’s revenue for the quarter was up 4.7% on a year-over-year basis. As a group, analysts anticipate that Honeywell International Inc. will post 10.12 EPS for the current year.

Honeywell International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Stockholders of record on Friday, August 16th will be issued a $1.08 dividend. This represents a $4.32 annualized dividend and a dividend yield of 2.08%. The ex-dividend date is Friday, August 16th. Honeywell International’s payout ratio is 50.06%.

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.