M&T Bank Corp Sells 42,742 Shares of Honeywell International Inc. (NASDAQ:HON)

M&T Bank Corp lowered its stake in Honeywell International Inc. (NASDAQ:HON - Free Report) by 14.6% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 250,073 shares of the conglomerate's stock after selling 42,742 shares during the quarter. M&T Bank Corp's holdings in Honeywell International were worth $52,953,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Liberty One Investment Management LLC raised its holdings in shares of Honeywell International by 8.9% during the first quarter. Liberty One Investment Management LLC now owns 22,075 shares of the conglomerate's stock valued at $4,674,000 after acquiring an additional 1,809 shares in the last quarter. Stratos Investment Management LLC raised its holdings in shares of Honeywell International by 32.4% during the first quarter. Stratos Investment Management LLC now owns 10,563 shares of the conglomerate's stock valued at $2,237,000 after acquiring an additional 2,583 shares in the last quarter. Investment Partners LTD. raised its holdings in Honeywell International by 13.6% in the first quarter. Investment Partners LTD. now owns 2,144 shares of the conglomerate's stock worth $454,000 after purchasing an additional 257 shares in the last quarter. China Universal Asset Management Co. Ltd. raised its holdings in Honeywell International by 51.7% in the first quarter. China Universal Asset Management Co. Ltd. now owns 16,052 shares of the conglomerate's stock worth $3,399,000 after purchasing an additional 5,470 shares in the last quarter. Finally, Alpha Cubed Investments LLC raised its holdings in Honeywell International by 68.0% in the first quarter. Alpha Cubed Investments LLC now owns 5,946 shares of the conglomerate's stock worth $1,259,000 after purchasing an additional 2,407 shares in the last quarter. Institutional investors own 75.91% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Royal Bank Of Canada reiterated a "sector perform" rating and issued a $226.00 price objective on shares of Honeywell International in a report on Wednesday, June 25th. Barclays raised their price target on Honeywell International from $258.00 to $265.00 and gave the company an "overweight" rating in a report on Wednesday. Wall Street Zen upgraded Honeywell International from a "hold" rating to a "buy" rating in a report on Thursday, May 15th. JPMorgan Chase & Co. raised their price target on Honeywell International from $182.00 to $217.00 and gave the company a "neutral" rating in a report on Friday, May 16th. Finally, Citigroup raised their price target on Honeywell International from $242.00 to $265.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. Eight analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Honeywell International currently has an average rating of "Moderate Buy" and a consensus price target of $250.79.

Honeywell International Stock Performance

Shares of HON stock traded down $1.08 during trading hours on Wednesday, reaching $238.72. 2,176,954 shares of the company traded hands, compared to its average volume of 3,855,384. Honeywell International Inc. has a 12-month low of $179.36 and a 12-month high of $242.77. 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 company has a market cap of $153.42 billion, a P/E ratio of 27.44, a P/E/G ratio of 2.73 and a beta of 1.07. The firm has a 50-day moving average price of $224.32 and a 200 day moving average price of $216.15.

Honeywell International (NASDAQ:HON - Get Free Report) last issued its earnings results on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.21 by $0.30. The company had revenue of $9.82 billion for 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 firm's quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter last year, the company earned $2.25 EPS. As a group, sell-side analysts predict that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 16th were paid a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a yield of 1.89%. The ex-dividend date of this dividend was Friday, May 16th. Honeywell International's dividend payout ratio (DPR) is presently 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.