Greenleaf Trust Grows Stock Position in Honeywell International Inc. (NASDAQ:HON)

Greenleaf Trust increased its position in Honeywell International Inc. (NASDAQ:HON - Free Report) by 3.5% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 121,398 shares of the conglomerate's stock after acquiring an additional 4,117 shares during the period. Honeywell International comprises approximately 0.2% of Greenleaf Trust's holdings, making the stock its 28th largest position. Greenleaf Trust's holdings in Honeywell International were worth $25,706,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of HON. Avalon Trust Co boosted its holdings in Honeywell International by 166.7% in the 4th quarter. Avalon Trust Co now owns 120 shares of the conglomerate's stock valued at $27,000 after purchasing an additional 75 shares in the last quarter. Mpwm Advisory Solutions LLC acquired a new position in Honeywell International in the fourth quarter valued at about $29,000. Accredited Wealth Management LLC bought a new stake in shares of Honeywell International during the fourth quarter worth approximately $34,000. Curio Wealth LLC acquired a new position in shares of Honeywell International in the fourth quarter valued at approximately $35,000. Finally, Alexis Investment Partners LLC bought a new position in shares of Honeywell International in the fourth quarter valued at about $37,000. Institutional investors own 75.91% of the company's stock.

Honeywell International Stock Performance

Honeywell International stock traded down $0.84 during trading hours on Friday, reaching $235.93. 2,417,149 shares of the company were exchanged, compared to its average volume of 3,851,537. The company has a current ratio of 1.25, a quick ratio of 0.95 and a debt-to-equity ratio of 1.43. The stock has a 50-day moving average of $225.41 and a 200 day moving average of $216.38. Honeywell International Inc. has a 12 month low of $179.36 and a 12 month high of $242.77. The firm has a market cap of $151.63 billion, a price-to-earnings ratio of 27.12, a PEG ratio of 2.72 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, beating the consensus estimate of $2.21 by $0.30. Honeywell International had a return on equity of 36.19% and a net margin of 14.51%. The business had revenue of $9.82 billion during the quarter, compared to the consensus estimate of $9.59 billion. During the same period in the previous year, the company posted $2.25 EPS. The firm's quarterly revenue was up 7.9% on a year-over-year basis. As a group, research analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 16th were paid a $1.13 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a $4.52 annualized dividend and a dividend yield of 1.92%. Honeywell International's payout ratio is 51.95%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on HON. Royal Bank Of Canada reissued a "sector perform" rating and set a $226.00 price objective on shares of Honeywell International in a report on Wednesday, June 25th. Wall Street Zen upgraded Honeywell International from a "hold" rating to a "buy" rating in a report on Thursday, May 15th. Bank of America upgraded Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 price target on the stock in a research note on Wednesday, May 7th. Mizuho raised their price target on shares of Honeywell International from $235.00 to $250.00 and gave the stock an "outperform" rating in a research note on Friday, May 16th. Finally, Barclays upped their price target on shares of Honeywell International from $258.00 to $265.00 and gave the company an "overweight" rating in a research report on Wednesday. Eight 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. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $250.79.

About Honeywell International

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.