Honeywell International Inc. $HON Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp trimmed its stake in Honeywell International Inc. (NASDAQ:HON) by 4.7% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 6,462,339 shares of the conglomerate’s stock after selling 315,159 shares during the quarter. Bank of New York Mellon Corp’s holdings in Honeywell International were worth $1,360,322,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the company. Unisphere Establishment boosted its stake in Honeywell International by 8.1% during the 2nd quarter. Unisphere Establishment now owns 4,000,000 shares of the conglomerate’s stock valued at $931,520,000 after purchasing an additional 300,000 shares during the period. Legal & General Group Plc raised its holdings in shares of Honeywell International by 3.9% during the second quarter. Legal & General Group Plc now owns 3,725,789 shares of the conglomerate’s stock valued at $867,663,000 after buying an additional 138,235 shares during the last quarter. Laurel Wealth Advisors LLC boosted its position in shares of Honeywell International by 23,503.0% during the second quarter. Laurel Wealth Advisors LLC now owns 3,716,532 shares of the conglomerate’s stock worth $865,506,000 after buying an additional 3,700,786 shares during the period. Alliancebernstein L.P. grew its holdings in Honeywell International by 9.9% in the 2nd quarter. Alliancebernstein L.P. now owns 2,915,387 shares of the conglomerate’s stock worth $678,935,000 after buying an additional 263,043 shares in the last quarter. Finally, Boston Partners increased its position in Honeywell International by 0.6% in the 2nd quarter. Boston Partners now owns 2,908,310 shares of the conglomerate’s stock valued at $675,394,000 after acquiring an additional 16,433 shares during the period. Institutional investors own 75.91% of the company’s stock.

Honeywell International Stock Performance

Shares of HON opened at $220.91 on Wednesday. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.36 and a quick ratio of 1.04. The firm’s 50 day moving average is $200.42 and its 200-day moving average is $208.94. Honeywell International Inc. has a 12-month low of $169.21 and a 12-month high of $228.04. The stock has a market capitalization of $140.25 billion, a P/E ratio of 23.28, a P/E/G ratio of 2.44 and a beta of 0.95.

Analyst Upgrades and Downgrades

HON has been the subject of several recent analyst reports. Weiss Ratings reissued a “hold (c+)” rating on shares of Honeywell International in a research note on Monday, December 29th. Morgan Stanley decreased their target price on shares of Honeywell International from $245.00 to $235.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 28th. Royal Bank Of Canada dropped their price target on shares of Honeywell International from $253.00 to $249.00 and set an “outperform” rating on the stock in a research report on Thursday, January 15th. Barclays reduced their price target on shares of Honeywell International from $269.00 to $250.00 and set an “overweight” rating for the company in a research note on Wednesday, December 24th. Finally, Robert W. Baird lowered their price objective on shares of Honeywell International from $250.00 to $220.00 and set a “neutral” rating on the stock in a research note on Monday, October 13th. Eleven research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $237.67.

About Honeywell International

Honeywell International Inc is a diversified, publicly traded multinational conglomerate (NASDAQ: HON) that designs and manufactures a wide range of commercial and consumer products, engineering services and aerospace systems. The company operates through major business platforms that historically include Aerospace; Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. Its portfolio spans avionics and propulsion systems, building controls and HVAC equipment, process technologies and advanced materials, industrial automation software, and personal protective equipment and scanning solutions.

Honeywell’s aerospace business supplies aircraft manufacturers and operators with engines and auxiliary power units, avionics, flight safety systems and aftermarket services.