Chemung Canal Trust Co. Has $2.97 Million Holdings in Honeywell International Inc. (NASDAQ:HON)

Chemung Canal Trust Co. lowered its stake in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 46.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,017 shares of the conglomerate's stock after selling 12,338 shares during the quarter. Chemung Canal Trust Co.'s holdings in Honeywell International were worth $2,968,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in Honeywell International by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 61,761,711 shares of the conglomerate's stock worth $13,951,353,000 after acquiring an additional 380,299 shares during the period. Geode Capital Management LLC boosted its position in Honeywell International by 4.4% during the 4th quarter. Geode Capital Management LLC now owns 14,988,152 shares of the conglomerate's stock worth $3,379,568,000 after acquiring an additional 627,422 shares during the period. Capital World Investors acquired a new position in Honeywell International during the 4th quarter worth $1,594,216,000. Capital Research Global Investors boosted its position in Honeywell International by 5.5% during the 4th quarter. Capital Research Global Investors now owns 6,641,017 shares of the conglomerate's stock worth $1,500,141,000 after acquiring an additional 346,190 shares during the period. Finally, Northern Trust Corp boosted its position in Honeywell International by 5.7% during the 4th quarter. Northern Trust Corp now owns 6,253,570 shares of the conglomerate's stock worth $1,412,619,000 after acquiring an additional 337,199 shares during the period. Institutional investors and hedge funds own 75.91% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Royal Bank Of Canada reiterated a "sector perform" rating and set a $226.00 price target on shares of Honeywell International in a research report on Wednesday, June 25th. Wells Fargo & Company upped their price objective on Honeywell International from $225.00 to $240.00 and gave the company an "equal weight" rating in a report on Tuesday, July 1st. Citigroup upped their price objective on Honeywell International from $242.00 to $265.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. Mizuho upped their price objective on Honeywell International from $235.00 to $250.00 and gave the company an "outperform" rating in a report on Friday, May 16th. Finally, Wall Street Zen upgraded Honeywell International from a "hold" rating to a "buy" rating in a report on Thursday, May 15th. Eight research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $250.79.

Honeywell International Trading Down 0.7%

Shares of NASDAQ HON traded down $1.69 during mid-day trading on Thursday, hitting $237.03. 732,637 shares of the company traded hands, compared to its average volume of 3,843,336. Honeywell International Inc. has a 1 year low of $179.36 and a 1 year high of $242.77. The stock has a market capitalization of $152.33 billion, a price-to-earnings ratio of 27.27, a PEG ratio of 2.73 and a beta of 1.07. The company has a quick ratio of 0.95, a current ratio of 1.25 and a debt-to-equity ratio of 1.43. The business has a 50 day moving average of $224.88 and a two-hundred day moving average of $216.31.

Honeywell International (NASDAQ:HON - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.21 by $0.30. The firm had revenue of $9.82 billion during the quarter, compared to the consensus estimate of $9.59 billion. Honeywell International had a return on equity of 36.19% and a net margin of 14.51%. The business's revenue for the quarter was up 7.9% on a year-over-year basis. During the same period in the prior year, the business earned $2.25 EPS. On average, sell-side analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 16th were paid a $1.13 dividend. This represents a $4.52 annualized dividend and a yield of 1.91%. The ex-dividend date was Friday, May 16th. Honeywell International's dividend payout ratio is currently 51.95%.

Honeywell International Company 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.