Chemung Canal Trust Co. Cuts Stake in Honeywell International Inc. (NASDAQ:HON)

Chemung Canal Trust Co. cut its position in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 46.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,017 shares of the conglomerate's stock after selling 12,338 shares during the period. Chemung Canal Trust Co.'s holdings in Honeywell International were worth $2,968,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of HON. Brighton Jones LLC boosted its holdings in Honeywell International by 9.1% in the 4th quarter. Brighton Jones LLC now owns 19,047 shares of the conglomerate's stock valued at $4,302,000 after purchasing an additional 1,582 shares during the period. Proficio Capital Partners LLC boosted its holdings in Honeywell International by 40.8% in the 4th quarter. Proficio Capital Partners LLC now owns 2,635 shares of the conglomerate's stock valued at $595,000 after purchasing an additional 764 shares during the period. Edgestream Partners L.P. boosted its holdings in Honeywell International by 27.1% in the 4th quarter. Edgestream Partners L.P. now owns 3,386 shares of the conglomerate's stock valued at $765,000 after purchasing an additional 721 shares during the period. Amundi boosted its holdings in Honeywell International by 10.9% in the 4th quarter. Amundi now owns 399,176 shares of the conglomerate's stock valued at $87,887,000 after purchasing an additional 39,298 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Honeywell International by 3.5% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 141,906 shares of the conglomerate's stock valued at $32,055,000 after purchasing an additional 4,789 shares during the period. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

HON has been the subject of a number of recent research reports. Barclays boosted their price objective on shares of Honeywell International from $258.00 to $265.00 and gave the company an "overweight" rating in a report on Wednesday. JPMorgan Chase & Co. upped their price target on shares of Honeywell International from $182.00 to $217.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. Wall Street Zen upgraded Honeywell International from a "hold" rating to a "buy" rating in a research note on Thursday, May 15th. 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 research note on Wednesday, May 7th. Finally, Citigroup boosted their price target on Honeywell International from $242.00 to $265.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Eight analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Honeywell International currently has a consensus rating of "Moderate Buy" and a consensus price target of $250.79.

Honeywell International Stock Performance

Shares of NASDAQ HON traded down $1.08 during trading on Wednesday, reaching $238.72. 2,176,954 shares of the stock traded hands, compared to its average volume of 3,845,503. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.25 and a quick ratio of 0.95. The stock has a market capitalization of $153.42 billion, a P/E ratio of 27.44, a price-to-earnings-growth ratio of 2.73 and a beta of 1.07. Honeywell International Inc. has a 52-week low of $179.36 and a 52-week high of $242.77. The company has a 50-day moving average of $224.32 and a 200-day moving average of $216.15.

Honeywell International (NASDAQ:HON - Get Free Report) last posted its earnings results on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share 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 net margin of 14.51% and a return on equity of 36.19%. The company's revenue was up 7.9% on a year-over-year basis. During the same quarter last year, the company earned $2.25 earnings per share. Analysts forecast that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 16th were paid a $1.13 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a $4.52 annualized dividend and a yield of 1.89%. Honeywell International's dividend payout ratio is currently 51.95%.

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.