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

Bank of New York Mellon Corp reduced its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 4.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 6,462,339 shares of the conglomerate’s stock after selling 315,159 shares during the quarter. Bank of New York Mellon Corp owned 1.02% of Honeywell International worth $1,360,322,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Summit Wealth Group LLC boosted its stake in shares of Honeywell International by 4.3% in the second quarter. Summit Wealth Group LLC now owns 1,115 shares of the conglomerate’s stock valued at $260,000 after purchasing an additional 46 shares during the period. Capital Advisors Ltd. LLC boosted its position in Honeywell International by 1.8% in the 2nd quarter. Capital Advisors Ltd. LLC now owns 2,696 shares of the conglomerate’s stock valued at $628,000 after buying an additional 47 shares during the last quarter. Bar Harbor Wealth Management grew its stake in shares of Honeywell International by 0.3% during the second quarter. Bar Harbor Wealth Management now owns 15,192 shares of the conglomerate’s stock valued at $3,538,000 after acquiring an additional 47 shares in the last quarter. Nova R Wealth Inc. increased its position in shares of Honeywell International by 3.0% during the third quarter. Nova R Wealth Inc. now owns 1,594 shares of the conglomerate’s stock worth $335,000 after acquiring an additional 47 shares during the last quarter. Finally, Fielder Capital Group LLC lifted its stake in shares of Honeywell International by 2.1% in the second quarter. Fielder Capital Group LLC now owns 2,373 shares of the conglomerate’s stock worth $553,000 after acquiring an additional 48 shares in the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on HON shares. Jefferies Financial Group dropped their price objective on Honeywell International from $230.00 to $220.00 in a report on Monday, November 3rd. Evercore ISI assumed coverage on shares of Honeywell International in a research note on Monday, December 15th. They issued an “outperform” rating and a $255.00 price target for the company. Citigroup reduced their price objective on shares of Honeywell International from $267.00 to $262.00 and set a “buy” rating on the stock in a research note on Monday, January 12th. BNP Paribas Exane raised shares of Honeywell International to a “hold” rating in a research report on Wednesday, December 3rd. Finally, HSBC cut their target price on shares of Honeywell International from $290.00 to $266.00 and set a “buy” rating on the stock in a research note on Tuesday, November 11th. Eleven analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Honeywell International presently has an average rating of “Moderate Buy” and an average target price of $237.67.

Honeywell International Trading Down 0.1%

Honeywell International stock opened at $220.91 on Wednesday. Honeywell International Inc. has a 1 year low of $169.21 and a 1 year high of $228.04. The firm’s 50-day moving average is $200.42 and its 200-day moving average is $208.94. The company has a debt-to-equity ratio of 1.70, a quick ratio of 1.04 and a current ratio of 1.36. The company has a market cap of $140.25 billion, a P/E ratio of 23.28, a PEG ratio of 2.44 and a beta of 0.95.

Honeywell International Company Profile

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.