Honeywell International Inc. (NASDAQ:HON) Shares Sold by Greystone Financial Group LLC

Greystone Financial Group LLC lowered its position in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 2.7% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 46,519 shares of the conglomerate's stock after selling 1,278 shares during the quarter. Honeywell International makes up approximately 1.8% of Greystone Financial Group LLC's holdings, making the stock its 22nd biggest holding. Greystone Financial Group LLC's holdings in Honeywell International were worth $9,850,000 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 company. Capital World Investors purchased a new stake in shares of Honeywell International in the fourth quarter valued at $1,594,216,000. Raymond James Financial Inc. purchased a new stake in Honeywell International in the 4th quarter valued at about $435,786,000. ING Groep NV raised its stake in Honeywell International by 884.0% during the fourth quarter. ING Groep NV now owns 1,752,472 shares of the conglomerate's stock worth $395,866,000 after purchasing an additional 1,574,376 shares during the period. GAMMA Investing LLC raised its stake in Honeywell International by 20,894.0% during the first quarter. GAMMA Investing LLC now owns 1,326,614 shares of the conglomerate's stock worth $2,809,110,000 after purchasing an additional 1,320,295 shares during the period. Finally, Cibc World Markets Corp grew its stake in shares of Honeywell International by 411.8% during the 4th quarter. Cibc World Markets Corp now owns 1,265,358 shares of the conglomerate's stock valued at $285,832,000 after buying an additional 1,018,099 shares during the period. 75.91% of the stock is owned by hedge funds and other institutional investors.

Honeywell International Stock Down 0.7%

HON stock traded down $1.65 during trading on Monday, reaching $227.13. The stock had a trading volume of 2,561,107 shares, compared to its average volume of 3,819,125. The company has a current ratio of 1.31, a quick ratio of 1.01 and a debt-to-equity ratio of 1.33. The firm has a fifty day moving average price of $210.44 and a 200 day moving average price of $216.08. The company has a market capitalization of $145.97 billion, a P/E ratio of 26.08, a PEG ratio of 2.51 and a beta of 1.08. Honeywell International Inc. has a 1-year low of $179.36 and a 1-year high of $242.77.

Honeywell International (NASDAQ:HON - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The conglomerate reported $2.51 EPS for the quarter, topping the consensus estimate of $2.21 by $0.30. Honeywell International had a return on equity of 35.78% and a net margin of 14.82%. The business had revenue of $9.82 billion for the quarter, compared to analysts' expectations of $9.59 billion. During the same quarter in the previous year, the firm posted $2.25 earnings per share. The company's revenue was up 7.9% compared to the same quarter last year. On average, equities analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 16th were issued a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a yield of 1.99%. The ex-dividend date of this dividend was Friday, May 16th. Honeywell International's dividend payout ratio is currently 51.95%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on HON shares. Barclays cut their target price on Honeywell International from $247.00 to $243.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 30th. JPMorgan Chase & Co. lifted their price objective on Honeywell International from $182.00 to $217.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. Royal Bank of Canada increased their target price on shares of Honeywell International from $211.00 to $226.00 and gave the stock a "sector perform" rating in a research report on Wednesday, April 30th. 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, Citigroup increased their price objective on shares of Honeywell International from $242.00 to $265.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Eight investment 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's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $248.14.

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.