Kovitz Investment Group Partners LLC Sells 20,799 Shares of Honeywell International Inc. $HON

Key Points

• Kovitz Investment Group Partners LLC reduced its holdings in Honeywell International Inc. by 19.4%, selling over 20,000 shares and now holding 86,438 shares valued at approximately $18.3 million.
• Honeywell reported earnings per share of $2.75 for the last quarter, exceeding analyst expectations, with revenue reaching $10.35 billion, showing an 8.1% year-over-year growth.
• The company announced a quarterly dividend of $1.13 per share, set to be paid on September 5th, with a current yield of 2.1%.

Kovitz Investment Group Partners LLC lessened its stake in Honeywell International Inc. (NASDAQ:HON - Free Report) by 19.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 86,438 shares of the conglomerate's stock after selling 20,799 shares during the period. Kovitz Investment Group Partners LLC's holdings in Honeywell International were worth $18,303,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in Honeywell International by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 62,209,455 shares of the conglomerate's stock worth $13,172,852,000 after purchasing an additional 447,744 shares during the last quarter. Capital World Investors bought a new position in Honeywell International in the 4th quarter worth approximately $1,594,216,000. Capital Research Global Investors raised its position in Honeywell International by 5.5% in the 4th quarter. Capital Research Global Investors now owns 6,641,017 shares of the conglomerate's stock worth $1,500,141,000 after purchasing an additional 346,190 shares during the last quarter. Northern Trust Corp grew its holdings in Honeywell International by 5.7% during the 4th quarter. Northern Trust Corp now owns 6,253,570 shares of the conglomerate's stock worth $1,412,619,000 after acquiring an additional 337,199 shares during the period. Finally, Goldman Sachs Group Inc. grew its holdings in Honeywell International by 9.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 6,038,080 shares of the conglomerate's stock worth $1,278,563,000 after acquiring an additional 505,083 shares during the period. Institutional investors own 75.91% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Barclays lifted their target price on shares of Honeywell International from $258.00 to $265.00 and gave the stock an "overweight" rating in a report on Wednesday, July 9th. Morgan Stanley lifted their target price on shares of Honeywell International from $225.00 to $245.00 and gave the stock an "equal weight" rating in a report on Monday, July 28th. Citigroup lifted their target price on shares of Honeywell International from $242.00 to $265.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Wells Fargo & Company lowered their target price on shares of Honeywell International from $240.00 to $230.00 and set an "equal weight" rating for the company in a report on Friday, July 25th. Finally, Royal Bank Of Canada lowered their target price on shares of Honeywell International from $254.00 to $253.00 and set a "sector perform" rating for the company in a report on Friday, July 25th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and eight have given a Hold rating to the company's stock. According to data from MarketBeat, Honeywell International currently has a consensus rating of "Moderate Buy" and an average target price of $254.00.

Honeywell International Stock Up 0.2%

NASDAQ HON traded up $0.5170 on Wednesday, reaching $217.2570. The company had a trading volume of 592,267 shares, compared to its average volume of 4,045,425. The firm has a market capitalization of $137.94 billion, a price-to-earnings ratio of 24.75, a price-to-earnings-growth ratio of 2.44 and a beta of 1.08. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.97 and a current ratio of 1.29. Honeywell International Inc. has a 1-year low of $179.36 and a 1-year high of $242.77. The company's fifty day moving average is $227.31 and its 200-day moving average is $216.62.

Honeywell International (NASDAQ:HON - Get Free Report) last announced its earnings results on Thursday, July 24th. The conglomerate reported $2.75 earnings per share for the quarter, topping analysts' consensus estimates of $2.66 by $0.09. The firm had revenue of $10.35 billion during the quarter, compared to analyst estimates of $10.01 billion. Honeywell International had a net margin of 14.30% and a return on equity of 37.37%. The company's revenue for the quarter was up 8.1% compared to the same quarter last year. During the same period in the prior year, the business earned $2.49 EPS. Honeywell International has set its FY 2025 guidance at 10.450-10.650 EPS. Q3 2025 guidance at 2.500-2.600 EPS. On average, research analysts forecast that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 5th. Investors of record on Friday, August 15th will be paid a $1.13 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a $4.52 dividend on an annualized basis and a yield of 2.1%. Honeywell International's dividend payout ratio is presently 51.42%.

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.