Kovitz Investment Group Partners LLC Has $24.22 Million Holdings in Honeywell International Inc. (NASDAQ:HON)

Kovitz Investment Group Partners LLC lifted its stake in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 27.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 107,237 shares of the conglomerate's stock after buying an additional 22,912 shares during the quarter. Kovitz Investment Group Partners LLC's holdings in Honeywell International were worth $24,224,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Howard Capital Management Group LLC grew its position in shares of Honeywell International by 6.7% in the third quarter. Howard Capital Management Group LLC now owns 2,760 shares of the conglomerate's stock valued at $571,000 after purchasing an additional 174 shares during the last quarter. Westside Investment Management Inc. grew its holdings in Honeywell International by 15.4% in the 3rd quarter. Westside Investment Management Inc. now owns 375 shares of the conglomerate's stock valued at $78,000 after buying an additional 50 shares in the last quarter. Tudor Financial Inc. acquired a new position in Honeywell International in the 3rd quarter valued at $425,000. Anchor Investment Management LLC increased its position in Honeywell International by 46.4% during the 3rd quarter. Anchor Investment Management LLC now owns 962 shares of the conglomerate's stock worth $199,000 after buying an additional 305 shares during the period. Finally, Pine Valley Investments Ltd Liability Co boosted its position in shares of Honeywell International by 1.9% in the third quarter. Pine Valley Investments Ltd Liability Co now owns 19,689 shares of the conglomerate's stock valued at $4,070,000 after acquiring an additional 376 shares during the period. Institutional investors own 75.91% of the company's stock.

Insider Buying and Selling at Honeywell International

In related news, VP Anne T. Madden sold 28,885 shares of the firm's stock in a transaction on Monday, February 10th. The stock was sold at an average price of $207.89, for a total transaction of $6,004,902.65. Following the completion of the transaction, the vice president now directly owns 41,580 shares of the company's stock, valued at $8,644,066.20. This trade represents a 40.99 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.41% of the company's stock.

Honeywell International Price Performance

HON stock traded up $10.83 during trading on Tuesday, reaching $211.49. 8,212,022 shares of the company were exchanged, compared to its average volume of 3,696,320. Honeywell International Inc. has a twelve month low of $179.36 and a twelve month high of $242.77. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.31 and a quick ratio of 1.01. The company has a market capitalization of $136.04 billion, a price-to-earnings ratio of 24.28, a P/E/G ratio of 2.51 and a beta of 1.01. The company has a 50-day moving average of $205.03 and a two-hundred day moving average of $215.73.

Honeywell International (NASDAQ:HON - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share for the quarter, beating the consensus estimate of $2.21 by $0.30. Honeywell International had a return on equity of 35.78% and a net margin of 14.82%. The company had revenue of $9.82 billion for the quarter, compared to the consensus estimate of $9.59 billion. During the same quarter last year, the business posted $2.25 EPS. Honeywell International's revenue for the quarter was up 7.9% on a year-over-year basis. As a group, equities analysts predict that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 16th will be issued a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a yield of 2.14%. The ex-dividend date of this dividend is Friday, May 16th. Honeywell International's payout ratio is 51.89%.

Analyst Upgrades and Downgrades

HON has been the topic of a number of recent research reports. Royal Bank of Canada lowered their price target on shares of Honeywell International from $253.00 to $236.00 and set a "sector perform" rating on the stock in a research report on Friday, February 7th. Morgan Stanley lifted their price target on shares of Honeywell International from $210.00 to $217.00 and gave the company an "equal weight" rating in a research report on Tuesday, February 11th. Barclays reduced their price target on Honeywell International from $251.00 to $247.00 and set an "overweight" rating on the stock in a research report on Wednesday, March 26th. Deutsche Bank Aktiengesellschaft raised Honeywell International from a "hold" rating to a "buy" rating and lifted their price objective for the company from $236.00 to $260.00 in a report on Friday, February 7th. Finally, Wells Fargo & Company reduced their target price on Honeywell International from $240.00 to $220.00 and set an "equal weight" rating on the stock in a report on Friday, February 7th. Ten research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Honeywell International presently has a consensus rating of "Hold" and an average target price of $242.15.

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.