Bank of New York Mellon Corp Sells 35,234 Shares of Honeywell International Inc. (NASDAQ:HON)

Bank of New York Mellon Corp lessened its stake in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 0.5% in the 1st quarter, according to its most recent disclosure with the SEC. 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 1.05% of Honeywell International worth $1,424,766,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Claris Advisors LLC MO grew its holdings in Honeywell International by 4.8% during the 4th quarter. Claris Advisors LLC MO now owns 1,069 shares of the conglomerate's stock valued at $241,000 after purchasing an additional 49 shares in the last quarter. Avantax Planning Partners Inc. grew its holdings in Honeywell International by 1.4% during the 4th quarter. Avantax Planning Partners Inc. now owns 3,441 shares of the conglomerate's stock worth $777,000 after acquiring an additional 49 shares in the last quarter. Zions Bancorporation N.A. grew its holdings in Honeywell International by 7.4% during the 4th quarter. Zions Bancorporation N.A. now owns 726 shares of the conglomerate's stock worth $164,000 after acquiring an additional 50 shares in the last quarter. Cetera Trust Company N.A grew its holdings in Honeywell International by 0.5% during the 1st quarter. Cetera Trust Company N.A now owns 10,475 shares of the conglomerate's stock worth $2,218,000 after acquiring an additional 50 shares in the last quarter. Finally, Kennedy Investment Group grew its holdings in Honeywell International by 1.7% during the 1st quarter. Kennedy Investment Group now owns 3,019 shares of the conglomerate's stock worth $639,000 after acquiring an additional 51 shares in the last quarter. Institutional investors own 75.91% of the company's stock.

Honeywell International Trading Up 0.5%

Shares of HON stock opened at $240.52 on Friday. Honeywell International Inc. has a 52-week low of $179.36 and a 52-week high of $242.77. The stock has a market cap of $154.57 billion, a price-to-earnings ratio of 27.65, a P/E/G ratio of 2.75 and a beta of 1.07. 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 fifty day moving average of $222.98 and a 200-day moving average of $216.06.

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

Honeywell International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 16th were paid a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date was Friday, May 16th. Honeywell International's payout ratio is currently 51.95%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Bank of America raised shares of Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 price objective for the company in a report on Wednesday, May 7th. Wall Street Zen raised shares of Honeywell International from a "hold" rating to a "buy" rating in a report on Thursday, May 15th. Citigroup lifted their price target on shares of Honeywell International from $242.00 to $265.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. JPMorgan Chase & Co. lifted their price target on shares of Honeywell International from $182.00 to $217.00 and gave the company a "neutral" rating in a report on Friday, May 16th. Finally, Wells Fargo & Company lifted their price target on shares of Honeywell International from $225.00 to $240.00 and gave the company an "equal weight" rating in a report on Tuesday. Eight research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target 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.

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