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

Greenleaf Trust boosted its stake in Honeywell International Inc. (NASDAQ:HON) by 0.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 110,896 shares of the conglomerate’s stock after purchasing an additional 339 shares during the quarter. Honeywell International comprises approximately 0.2% of Greenleaf Trust’s portfolio, making the stock its 29th biggest holding. Greenleaf Trust’s holdings in Honeywell International were worth $23,256,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Morgan Stanley grew its position in Honeywell International by 1.6% during the fourth quarter. Morgan Stanley now owns 15,283,603 shares of the conglomerate’s stock valued at $3,275,277,000 after acquiring an additional 241,992 shares during the last quarter. Ameriprise Financial Inc. grew its position in Honeywell International by 5.2% during the third quarter. Ameriprise Financial Inc. now owns 6,995,897 shares of the conglomerate’s stock valued at $1,292,307,000 after acquiring an additional 347,808 shares during the last quarter. Northern Trust Corp grew its position in Honeywell International by 4.3% during the third quarter. Northern Trust Corp now owns 6,433,543 shares of the conglomerate’s stock valued at $1,188,533,000 after acquiring an additional 263,640 shares during the last quarter. Moneta Group Investment Advisors LLC grew its position in Honeywell International by 101,603.5% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 5,707,601 shares of the conglomerate’s stock valued at $1,223,139,000 after acquiring an additional 5,701,989 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Honeywell International by 1.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,555,331 shares of the conglomerate’s stock valued at $656,812,000 after acquiring an additional 34,135 shares during the last quarter. 75.91% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on HON shares. Barclays raised their target price on shares of Honeywell International from $230.00 to $232.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $215.00 target price (down previously from $227.00) on shares of Honeywell International in a report on Tuesday. Berenberg Bank upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and raised their target price for the stock from $195.00 to $240.00 in a report on Wednesday, March 6th. Finally, Royal Bank of Canada dropped their price target on Honeywell International from $210.00 to $209.00 and set a “sector perform” rating for the company in a research note on Friday, February 2nd. One analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $219.67.

Honeywell International Stock Up 1.7 %

Shares of HON traded up $3.18 during trading hours on Friday, hitting $194.26. The company had a trading volume of 3,569,783 shares, compared to its average volume of 3,014,421. The firm has a fifty day moving average price of $198.36 and a 200-day moving average price of $195.79. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.93 and a current ratio of 1.27. The stock has a market capitalization of $126.50 billion, a price-to-earnings ratio of 22.75, a P/E/G ratio of 2.18 and a beta of 1.02. Honeywell International Inc. has a 52-week low of $174.88 and a 52-week high of $210.87.

Honeywell International (NASDAQ:HON) last released its quarterly earnings data on Thursday, February 1st. The conglomerate reported $2.60 EPS for the quarter, topping the consensus estimate of $2.59 by $0.01. Honeywell International had a return on equity of 35.17% and a net margin of 15.43%. The company had revenue of $9.44 billion during the quarter, compared to the consensus estimate of $9.70 billion. During the same period last year, the company earned $2.52 EPS. Honeywell International’s revenue for the quarter was up 2.8% on a year-over-year basis. On average, equities research analysts forecast that Honeywell International Inc. will post 9.94 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were paid a dividend of $1.08 per share. The ex-dividend date was Thursday, February 29th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 2.22%. Honeywell International’s dividend payout ratio is currently 51.00%.

Insider Buying and Selling at Honeywell International

In related news, Director Darius Adamczyk sold 25,500 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $197.19, for a total transaction of $5,028,345.00. Following the completion of the transaction, the director now directly owns 183,400 shares in the company, valued at approximately $36,164,646. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.41% of the company’s stock.

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.