Greystone Financial Group LLC Sells 1,278 Shares of Honeywell International Inc. (NASDAQ:HON)

Greystone Financial Group LLC lessened its holdings in Honeywell International Inc. (NASDAQ:HON) by 2.7% in the first quarter, Holdings Channel reports. The institutional investor owned 46,519 shares of the conglomerate’s stock after selling 1,278 shares during the period. Honeywell International accounts for approximately 1.8% of Greystone Financial Group LLC’s holdings, making the stock its 22nd largest position. Greystone Financial Group LLC’s holdings in Honeywell International were worth $9,850,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Mainstream Capital Management LLC acquired a new stake in shares of Honeywell International in the fourth quarter valued at about $25,000. Avalon Trust Co increased its position 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 purchasing an additional 75 shares during the period. Mpwm Advisory Solutions LLC bought a new position in Honeywell International during the 4th quarter worth approximately $29,000. Accredited Wealth Management LLC acquired a new position in shares of Honeywell International in the 4th quarter worth approximately $34,000. Finally, Curio Wealth LLC bought a new stake in shares of Honeywell International in the 4th quarter valued at $35,000. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Barclays lowered their target price on shares of Honeywell International from $247.00 to $243.00 and set an “overweight” rating for the company in a research note on Wednesday, April 30th. Mizuho lifted their price objective on Honeywell International from $235.00 to $250.00 and gave the stock an “outperform” rating in a research report on Friday, May 16th. JPMorgan Chase & Co. boosted their price target 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 raised their price objective 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. Finally, Wall Street Zen upgraded shares of Honeywell International from a “hold” rating to a “buy” rating in a research report on Thursday, May 15th. Eight research 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 stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $248.14.

Honeywell International Stock Performance

HON opened at $228.78 on Monday. Honeywell International Inc. has a 1-year low of $179.36 and a 1-year high of $242.77. The company has a market cap of $147.03 billion, a price-to-earnings ratio of 26.27, a PEG ratio of 2.51 and a beta of 1.08. The company’s fifty day moving average price is $210.44 and its two-hundred day moving average price is $216.08. The company has a current ratio of 1.31, a quick ratio of 1.01 and a debt-to-equity ratio of 1.33.

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

Honeywell International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 16th were given a dividend of $1.13 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a $4.52 annualized dividend and a dividend yield of 1.98%. Honeywell International’s payout ratio is 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.