Bank of New York Mellon Corp Has $1.42 Billion Stake in Honeywell International Inc. (NASDAQ:HON)

Bank of New York Mellon Corp reduced its position in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 0.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,728,530 shares of the conglomerate's stock after selling 35,234 shares during the period. Bank of New York Mellon Corp owned approximately 1.05% of Honeywell International worth $1,424,766,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Avalon Trust Co grew its holdings in Honeywell International by 166.7% during the fourth quarter. Avalon Trust Co now owns 120 shares of the conglomerate's stock worth $27,000 after acquiring an additional 75 shares during the period. Mpwm Advisory Solutions LLC purchased a new position in Honeywell International in the 4th quarter worth about $29,000. Accredited Wealth Management LLC acquired a new stake in Honeywell International during the 4th quarter worth about $34,000. Curio Wealth LLC acquired a new stake in Honeywell International during the 4th quarter worth about $35,000. Finally, Alexis Investment Partners LLC acquired a new stake in Honeywell International during the 4th quarter worth about $37,000. 75.91% of the stock is owned by institutional investors and hedge funds.

Honeywell International Stock Performance

Shares of HON traded up $1.26 during mid-day trading on Friday, hitting $240.52. The company's stock had a trading volume of 1,903,189 shares, compared to its average volume of 3,853,027. Honeywell International Inc. has a one year low of $179.36 and a one year high of $242.77. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.95 and a current ratio of 1.25. The firm has a market capitalization of $154.57 billion, a PE ratio of 27.65, a price-to-earnings-growth ratio of 2.75 and a beta of 1.07. The stock's 50-day moving average is $222.98 and its two-hundred day moving average is $215.99.

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

Honeywell International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 16th were given a $1.13 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a $4.52 annualized dividend and a dividend yield of 1.88%. Honeywell International's dividend payout ratio is 51.95%.

Analyst Ratings Changes

Several research firms have issued reports on HON. Barclays boosted their price objective on Honeywell International from $243.00 to $258.00 and gave the stock an "overweight" rating in a report on Wednesday, June 18th. Wall Street Zen upgraded Honeywell International from a "hold" rating to a "buy" rating in a report on Thursday, May 15th. JPMorgan Chase & Co. boosted their price objective on Honeywell International from $182.00 to $217.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. Bank of America upgraded Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 price objective on the stock in a report on Wednesday, May 7th. Finally, Royal Bank Of Canada restated a "sector perform" rating and set a $226.00 price objective on shares of Honeywell International in a report on Wednesday, June 25th. 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. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $250.29.

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.