161,000 Shares in Honeywell International Inc. $HON Acquired by Seven Grand Managers LLC

Key Points

• Seven Grand Managers LLC opened a new position in Honeywell International, buying 161,000 shares worth about $31.4 million. The stake now represents roughly 2.4% of the fund’s portfolio and its 11th-largest holding.
• Institutional ownership in Honeywell remains very high, with 75.91% of shares held by institutions and hedge funds. Other large investors, including Vanguard, Geode Capital, and Franklin Resources, also increased their positions.
• Analysts remain generally positive on HON, with recent price-target hikes from firms like Barclays and RBC; the consensus rating is Moderate Buy with an average target of $248.17. Honeywell also recently beat quarterly EPS estimates and continues to pay a quarterly dividend of $1.19 per share.

Seven Grand Managers LLC acquired 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 fund acquired 161,000 shares of the conglomerate's stock, valued at approximately $31,409,000. Honeywell International accounts for about 2.4% of Seven Grand Managers LLC's portfolio, making the stock its 11th biggest position.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in shares of Honeywell International by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 63,161,731 shares of the conglomerate's stock worth $12,322,222,000 after acquiring an additional 1,027,413 shares during the period. Geode Capital Management LLC lifted its stake in shares of Honeywell International by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 15,716,647 shares of the conglomerate's stock worth $3,066,520,000 after acquiring an additional 120,929 shares during the period. Franklin Resources Inc. lifted its stake in Honeywell International by 28.8% in the third quarter. Franklin Resources Inc. now owns 10,196,543 shares of the conglomerate's stock valued at $2,146,372,000 after buying an additional 2,277,234 shares during the period. Invesco Ltd. lifted its stake in Honeywell International by 11.0% in the third quarter. Invesco Ltd. now owns 6,115,954 shares of the conglomerate's stock valued at $1,287,408,000 after buying an additional 605,600 shares during the period. Finally, Unisphere Establishment lifted its stake in Honeywell International by 5.4% in the third quarter. Unisphere Establishment now owns 4,215,000 shares of the conglomerate's stock valued at $887,258,000 after buying an additional 215,000 shares during the period. 75.91% of the stock is owned by institutional investors and hedge funds.

More Honeywell International News

Here are the key news stories impacting Honeywell International this week:

• Positive Sentiment: Barclays raised its price target on Honeywell International (HON) to $251 from $243 and kept an overweight rating, signaling improved confidence in the stock’s upside potential.
• Positive Sentiment: Honeywell-backed quantum computing unit Quantinuum has launched IPO plans, with pricing set between $45 and $50 per share, potentially highlighting value creation from Honeywell’s portfolio. This Year’s Biggest Quantum IPO Is Coming
• Neutral Sentiment: Honeywell shareholders approved the company’s board slate and reverse split at the annual meeting, a governance and capital structure update that is important but not necessarily a direct earnings driver. Honeywell Shareholders Approve Board Slate and Reverse Split
• Neutral Sentiment: Recent commentary comparing Honeywell to other value stocks and broad tech-sector strength adds background context, but does not appear to be a major direct catalyst for HON today.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on HON shares. Royal Bank Of Canada reissued an "outperform" rating and issued a $268.00 price target on shares of Honeywell International in a research note on Monday, April 27th. Barclays boosted their price target on Honeywell International from $243.00 to $251.00 and gave the company an "overweight" rating in a research note on Wednesday. Argus boosted their price target on Honeywell International from $250.00 to $290.00 and gave the company a "buy" rating in a research note on Wednesday, February 18th. Rothschild & Co Redburn dropped their price target on Honeywell International from $235.00 to $225.00 and set a "neutral" rating on the stock in a research note on Thursday, May 21st. Finally, Robert W. Baird boosted their price objective on Honeywell International from $220.00 to $240.00 and gave the company a "neutral" rating in a report on Friday, January 30th. Thirteen research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, Honeywell International has a consensus rating of "Moderate Buy" and an average price target of $248.17.

Honeywell International Trading Down 0.1%

Shares of Honeywell International stock opened at $231.55 on Thursday. The stock has a fifty day simple moving average of $223.40 and a 200 day simple moving average of $217.39. Honeywell International Inc. has a 12-month low of $186.76 and a 12-month high of $248.18. The company has a market capitalization of $146.72 billion, a P/E ratio of 32.80, a price-to-earnings-growth ratio of 3.31 and a beta of 0.82. The company has a current ratio of 1.39, a quick ratio of 1.10 and a debt-to-equity ratio of 1.98.

Honeywell International (NASDAQ:HON - Get Free Report) last announced its quarterly earnings results on Thursday, April 23rd. The conglomerate reported $2.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.32 by $0.13. Honeywell International had a return on equity of 42.29% and a net margin of 11.37%.The business had revenue of $9.14 billion during the quarter, compared to the consensus estimate of $9.30 billion. During the same quarter in the prior year, the company posted $2.21 earnings per share. Honeywell International's revenue was up 2.4% compared to the same quarter last year. Honeywell International has set its FY 2026 guidance at 10.350-10.650 EPS and its Q2 2026 guidance at 2.350-2.450 EPS. On average, sell-side analysts anticipate that Honeywell International Inc. will post 10.53 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 5th. Investors of record on Friday, May 15th will be issued a dividend of $1.19 per share. The ex-dividend date is Friday, May 15th. This represents a $4.76 annualized dividend and a yield of 2.1%. Honeywell International's dividend payout ratio is 67.42%.

Honeywell International Company Profile

Honeywell International Inc is a diversified, publicly traded multinational conglomerate NASDAQ: HON that designs and manufactures a wide range of commercial and consumer products, engineering services and aerospace systems. The company operates through major business platforms that historically include Aerospace; Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. Its portfolio spans avionics and propulsion systems, building controls and HVAC equipment, process technologies and advanced materials, industrial automation software, and personal protective equipment and scanning solutions.

Honeywell's aerospace business supplies aircraft manufacturers and operators with engines and auxiliary power units, avionics, flight safety systems and aftermarket services.

Want to see what other hedge funds are holding HON? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Honeywell International Inc. (NASDAQ:HON - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.