Graybill Wealth Management LTD. Buys New Shares in Honeywell International Inc. (NASDAQ:HON)

Graybill Wealth Management LTD. acquired a new stake in Honeywell International Inc. (NASDAQ:HON - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 2,699 shares of the conglomerate's stock, valued at approximately $572,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Avalon Trust Co lifted its position in Honeywell International by 166.7% during the fourth quarter. Avalon Trust Co now owns 120 shares of the conglomerate's stock worth $27,000 after buying an additional 75 shares in the last quarter. Mpwm Advisory Solutions LLC acquired a new stake in shares of Honeywell International in the 4th quarter worth $29,000. Accredited Wealth Management LLC acquired a new stake in shares of Honeywell International in the 4th quarter worth $34,000. Curio Wealth LLC purchased a new position in shares of Honeywell International during the 4th quarter worth $35,000. Finally, Alexis Investment Partners LLC acquired a new position in shares of Honeywell International during the 4th quarter valued at about $37,000. Institutional investors and hedge funds own 75.91% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on HON. Bank of America upgraded 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 report on Wednesday, May 7th. Citigroup boosted their target price on shares of Honeywell International from $242.00 to $265.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. JPMorgan Chase & Co. raised 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 raised shares of Honeywell International from a "hold" rating to a "buy" rating in a research report on Thursday, May 15th. Finally, Wells Fargo & Company increased their price objective on Honeywell International from $225.00 to $240.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 1st. Eight analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $250.79.

Honeywell International Trading Up 0.9%

Shares of HON traded up $2.13 during midday trading on Monday, hitting $238.06. 2,911,212 shares of the stock were exchanged, compared to its average volume of 4,140,868. Honeywell International Inc. has a 52-week low of $179.36 and a 52-week high of $242.77. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.95 and a current ratio of 1.25. The stock has a fifty day simple moving average of $225.84 and a 200 day simple moving average of $216.23. The firm has a market cap of $153.00 billion, a P/E ratio of 27.36, a P/E/G ratio of 2.68 and a beta of 1.07.

Honeywell International (NASDAQ:HON - Get Free Report) last announced its earnings results on Tuesday, April 29th. The conglomerate reported $2.51 EPS for the quarter, beating analysts' consensus estimates of $2.21 by $0.30. The company had revenue of $9.82 billion during the quarter, compared to analysts' expectations of $9.59 billion. Honeywell International had a return on equity of 36.19% and a net margin of 14.51%. Honeywell International's revenue for the quarter was up 7.9% on a year-over-year basis. During the same period last year, the business posted $2.25 EPS. On average, research analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 16th were issued a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date was Friday, May 16th. Honeywell International's dividend payout ratio (DPR) 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.