New York State Teachers Retirement System Lowers Holdings in Honeywell International Inc. (NASDAQ:HON)

New York State Teachers Retirement System lowered its position in Honeywell International Inc. (NASDAQ:HON - Free Report) by 3.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 553,018 shares of the conglomerate's stock after selling 21,657 shares during the period. New York State Teachers Retirement System owned approximately 0.09% of Honeywell International worth $117,102,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Mainstream Capital Management LLC bought a new stake in Honeywell International in the fourth quarter worth about $25,000. Avalon Trust Co lifted its stake in Honeywell International by 166.7% in the fourth quarter. Avalon Trust Co now owns 120 shares of the conglomerate's stock worth $27,000 after purchasing an additional 75 shares during the last quarter. Mpwm Advisory Solutions LLC bought a new stake in Honeywell International in the fourth quarter worth about $29,000. Accredited Wealth Management LLC bought a new stake in shares of Honeywell International during the fourth quarter valued at approximately $34,000. Finally, Curio Wealth LLC bought a new stake in shares of Honeywell International during the fourth quarter valued at approximately $35,000. Institutional investors own 75.91% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on HON. 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 research note on Friday, May 16th. Mizuho lifted their price target on shares of Honeywell International from $235.00 to $250.00 and gave the company an "outperform" rating in a research note on Friday, May 16th. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $226.00 price target on shares of Honeywell International in a research note on Wednesday, June 25th. Barclays lifted their price target on shares of Honeywell International from $243.00 to $258.00 and gave the company an "overweight" rating in a research note on Wednesday, June 18th. Finally, 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 research note on Wednesday, June 4th. Eight equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $250.29.

Honeywell International Stock Up 0.1%

NASDAQ HON traded up $0.15 on Wednesday, hitting $238.92. The stock had a trading volume of 2,146,777 shares, compared to its average volume of 3,824,548. The business's fifty day moving average price is $220.52 and its 200 day moving average price is $215.82. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.25 and a quick ratio of 0.95. 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 $153.55 billion, a price-to-earnings ratio of 27.46, a price-to-earnings-growth ratio of 2.71 and a beta of 1.07.

Honeywell International (NASDAQ:HON - Get Free Report) last released its quarterly earnings results 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. Honeywell International had a net margin of 14.51% and a return on equity of 36.19%. The business had revenue of $9.82 billion for the quarter, compared to analyst estimates of $9.59 billion. During the same period in the previous year, the company earned $2.25 earnings per share. The business's revenue for the quarter was up 7.9% on a year-over-year basis. Equities research analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Dividend Announcement

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