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

Greenleaf Trust boosted its position in Honeywell International Inc. (NASDAQ:HON - Free Report) by 3.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 121,398 shares of the conglomerate's stock after buying an additional 4,117 shares during the quarter. Honeywell International makes up about 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 reporting period.

Several other hedge funds have also recently made changes to their positions in HON. Avalon Trust Co grew its holdings in Honeywell International by 166.7% during the 4th quarter. Avalon Trust Co now owns 120 shares of the conglomerate's stock valued at $27,000 after buying an additional 75 shares in the last quarter. Mpwm Advisory Solutions LLC bought a new stake in Honeywell International during the 4th quarter worth approximately $29,000. Accredited Wealth Management LLC purchased a new stake in Honeywell International in the 4th quarter worth approximately $34,000. Curio Wealth LLC bought a new position in Honeywell International in the 4th quarter valued at $35,000. Finally, Alexis Investment Partners LLC purchased a new position in shares of Honeywell International during the 4th quarter valued at $37,000. 75.91% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

HON has been the subject of several research analyst reports. 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. Bank of America raised Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 price objective for the company in a report on Wednesday, May 7th. Royal Bank Of Canada reiterated a "sector perform" rating and set a $226.00 target price on shares of Honeywell International in a research report on Wednesday, June 25th. Citigroup raised their price objective on Honeywell International from $242.00 to $265.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. Finally, Wells Fargo & Company increased their target price on shares of Honeywell International from $225.00 to $240.00 and gave the company an "equal weight" rating in a report on Tuesday, July 1st. Eight analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $250.79.

Honeywell International Stock Down 0.5%

Shares of NASDAQ HON traded down $1.08 during mid-day trading on Wednesday, hitting $238.72. 2,176,954 shares of the stock traded hands, compared to its average volume of 3,845,503. The company has a market cap of $153.42 billion, a price-to-earnings ratio of 27.44, a PEG ratio of 2.73 and a beta of 1.07. The stock has a fifty day moving average price of $224.32 and a 200-day moving average price of $216.15. 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.

Honeywell International (NASDAQ:HON - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The conglomerate reported $2.51 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 analyst estimates of $9.59 billion. During the same quarter last year, the firm posted $2.25 earnings per share. The company's revenue for the quarter was up 7.9% on a year-over-year basis. Research analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 16th were given a $1.13 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 1.89%. Honeywell International's dividend payout ratio is currently 51.95%.

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.