Silvercrest Asset Management Group LLC Has $3.46 Million Stock Holdings in Honeywell International Inc. (NASDAQ:HON)

Silvercrest Asset Management Group LLC grew its stake in Honeywell International Inc. (NASDAQ:HON - Free Report) by 10.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,334 shares of the conglomerate's stock after acquiring an additional 1,415 shares during the quarter. Silvercrest Asset Management Group LLC's holdings in Honeywell International were worth $3,464,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Rafferty Asset Management LLC increased its stake in Honeywell International by 4.2% during the fourth quarter. Rafferty Asset Management LLC now owns 117,023 shares of the conglomerate's stock worth $26,434,000 after acquiring an additional 4,705 shares during the last quarter. Raiffeisen Bank International AG acquired a new stake in Honeywell International during the fourth quarter worth about $85,000. Redwood Investment Management LLC increased its stake in Honeywell International by 0.8% during the fourth quarter. Redwood Investment Management LLC now owns 10,805 shares of the conglomerate's stock worth $2,441,000 after acquiring an additional 83 shares during the last quarter. Polar Asset Management Partners Inc. acquired a new stake in Honeywell International during the fourth quarter worth about $49,018,000. Finally, ProShare Advisors LLC increased its stake in Honeywell International by 23.9% during the fourth quarter. ProShare Advisors LLC now owns 979,965 shares of the conglomerate's stock worth $221,364,000 after acquiring an additional 188,842 shares during the last quarter. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Honeywell International Price Performance

Shares of HON traded down $1.60 during midday trading on Friday, reaching $222.03. The stock had a trading volume of 2,537,210 shares, compared to its average volume of 3,791,042. The firm's 50 day moving average price is $207.60 and its 200-day moving average price is $216.24. The company has a market capitalization of $142.69 billion, a P/E ratio of 25.49, a P/E/G ratio of 2.51 and a beta of 1.07. 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 52 week low of $179.36 and a 52 week high of $242.77.

Honeywell International (NASDAQ:HON - Get Free Report) last announced its earnings results on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.21 by $0.30. The company had revenue of $9.82 billion for the quarter, compared to analyst estimates of $9.59 billion. Honeywell International had a return on equity of 35.78% and a net margin of 14.82%. Honeywell International's revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.25 earnings per share. On average, 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 announced a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 16th will be paid a $1.13 dividend. The ex-dividend date is Friday, May 16th. This represents a $4.52 dividend on an annualized basis and a yield of 2.04%. Honeywell International's dividend payout ratio (DPR) is currently 51.95%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on HON. Royal Bank of Canada raised their target price on Honeywell International from $211.00 to $226.00 and gave the company a "sector perform" rating in a report on Wednesday, April 30th. JPMorgan Chase & Co. raised their price objective on Honeywell International from $182.00 to $217.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. Mizuho raised their price objective on Honeywell International from $235.00 to $250.00 and gave the company an "outperform" rating in a research note on Friday, May 16th. Wall Street Zen upgraded Honeywell International from a "hold" rating to a "buy" rating in a research note on Thursday, May 15th. Finally, Wells Fargo & Company raised their price objective on Honeywell International from $205.00 to $225.00 and gave the company an "equal weight" rating in a research note on Wednesday, April 30th. Eight investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $245.57.

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.