Greykasell Wealth Strategies Inc. Invests $421,000 in Honeywell International Inc. (NASDAQ:HON)

Greykasell Wealth Strategies Inc. acquired a new position in Honeywell International Inc. (NASDAQ:HON) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 1,863 shares of the conglomerate’s stock, valued at approximately $421,000.

Other hedge funds also recently added to or reduced their stakes in the company. Hills Bank & Trust Co raised its position in shares of Honeywell International by 1.7% in the 4th quarter. Hills Bank & Trust Co now owns 10,587 shares of the conglomerate’s stock valued at $2,391,000 after purchasing an additional 172 shares during the last quarter. First National Trust Co increased its stake in Honeywell International by 1.5% during the 4th quarter. First National Trust Co now owns 71,079 shares of the conglomerate’s stock valued at $16,056,000 after purchasing an additional 1,051 shares in the last quarter. Atala Financial Inc purchased a new position in shares of Honeywell International in the fourth quarter worth $272,000. Madison Investment Advisors LLC acquired a new stake in shares of Honeywell International during the fourth quarter worth $30,885,000. Finally, Impact Capital Partners LLC acquired a new position in shares of Honeywell International in the 4th quarter valued at $1,891,000. 75.91% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Honeywell International

In other Honeywell International news, VP Anne T. Madden sold 28,885 shares of the stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $207.89, for a total value of $6,004,902.65. Following the completion of the sale, the vice president now owns 41,580 shares in the company, valued at approximately $8,644,066.20. This represents a 40.99 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.41% of the stock is currently owned by insiders.

Honeywell International Trading Up 1.3 %

Shares of NASDAQ:HON opened at $209.47 on Friday. The firm has a market capitalization of $136.14 billion, a price-to-earnings ratio of 24.05, a price-to-earnings-growth ratio of 2.51 and a beta of 1.08. The business’s 50 day moving average price is $215.05 and its 200-day moving average price is $216.43. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.31 and a quick ratio of 1.01. Honeywell International Inc. has a 1 year low of $189.75 and a 1 year high of $242.77.

Honeywell International (NASDAQ:HON) last released its earnings results on Thursday, February 6th. The conglomerate reported $2.47 EPS for the quarter, topping analysts’ consensus estimates of $2.37 by $0.10. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. On average, equities research analysts forecast that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a $1.13 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $4.52 dividend on an annualized basis and a yield of 2.16%. Honeywell International’s payout ratio is currently 51.89%.

Analyst Ratings Changes

A number of analysts have commented on HON shares. Barclays lowered their price target on Honeywell International from $260.00 to $251.00 and set an “overweight” rating for the company in a research report on Monday, February 10th. Jefferies Financial Group increased their price target on shares of Honeywell International from $220.00 to $260.00 and gave the stock a “hold” rating in a report on Tuesday, December 17th. JPMorgan Chase & Co. decreased their price objective on shares of Honeywell International from $233.00 to $231.00 and set a “neutral” rating for the company in a research note on Wednesday, January 15th. HSBC upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 target price for the company in a research report on Wednesday, December 11th. Finally, Morgan Stanley increased their price target on Honeywell International from $210.00 to $217.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 11th. Ten research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $249.38.

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.