Tandem Investment Partners LLC Invests $618,000 in Honeywell International Inc. (NASDAQ:HON)

Tandem Investment Partners LLC purchased a new position in Honeywell International Inc. (NASDAQ:HON - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 2,734 shares of the conglomerate's stock, valued at approximately $618,000.

Several other hedge funds and other institutional investors have also modified their holdings of HON. Advisory Services Network LLC lifted its stake in Honeywell International by 3.3% in the fourth quarter. Advisory Services Network LLC now owns 18,145 shares of the conglomerate's stock valued at $4,099,000 after acquiring an additional 573 shares during the last quarter. Bernard Wealth Management Corp. acquired a new stake in shares of Honeywell International in the 4th quarter valued at $1,104,000. German American Bancorp Inc. boosted its holdings in Honeywell International by 1.6% in the fourth quarter. German American Bancorp Inc. now owns 31,498 shares of the conglomerate's stock worth $7,115,000 after purchasing an additional 510 shares in the last quarter. Cooper Haims Advisors LLC increased its position in Honeywell International by 9.9% during the fourth quarter. Cooper Haims Advisors LLC now owns 1,274 shares of the conglomerate's stock worth $288,000 after buying an additional 115 shares during the last quarter. Finally, Bank of Nova Scotia raised its holdings in Honeywell International by 9.6% during the fourth quarter. Bank of Nova Scotia now owns 797,180 shares of the conglomerate's stock valued at $180,084,000 after buying an additional 69,578 shares in the last quarter. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

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Insider Activity

In other Honeywell International news, VP Anne T. Madden sold 28,885 shares of Honeywell International 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 approximately $8,644,066.20. This trade represents a 40.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.41% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on HON. StockNews.com downgraded Honeywell International from a "buy" rating to a "hold" rating in a research note on Monday, December 23rd. Jefferies Financial Group increased their price target on Honeywell International from $220.00 to $260.00 and gave the company a "hold" rating in a report on Tuesday, December 17th. Royal Bank of Canada reduced their price objective on shares of Honeywell International from $253.00 to $236.00 and set a "sector perform" rating for the company in a research note on Friday, February 7th. JPMorgan Chase & Co. dropped their target price on shares of Honeywell International from $205.00 to $178.00 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. Finally, Barclays decreased their price target on shares of Honeywell International from $251.00 to $247.00 and set an "overweight" rating for the company in a report on Wednesday, March 26th. Ten investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Honeywell International presently has a consensus rating of "Hold" and a consensus price target of $245.00.

Honeywell International Stock Performance

Shares of HON traded up $5.16 on Friday, reaching $198.55. 5,102,399 shares of the stock traded hands, compared to its average volume of 3,625,920. The stock's 50-day moving average price is $207.27 and its 200-day moving average price is $216.42. 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 firm has a market cap of $129.04 billion, a price-to-earnings ratio of 22.80, a P/E/G ratio of 2.51 and a beta of 1.01. Honeywell International Inc. has a 12 month low of $179.36 and a 12 month high of $242.77.

Honeywell International (NASDAQ:HON - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The conglomerate reported $2.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.37 by $0.10. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. Equities analysts forecast that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a yield of 2.28%. The ex-dividend date of this dividend was Friday, February 28th. Honeywell International's payout ratio is 51.89%.

Honeywell International Company 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.