1832 Asset Management L.P. Sells 1,469,092 Shares of Honeywell International Inc. $HON

Key Points

• 1832 Asset Management L.P. significantly reduced its stake in Honeywell International Inc. by 83.8%, selling 1,469,092 shares and holding only 283,615 shares after the sale.
• Honeywell reported earnings of $2.75 per share for the last quarter, exceeding estimates and demonstrating an 8.1% year-over-year revenue increase to $10.35 billion.
• The company has announced a quarterly dividend of $1.13 per share, yielding 2.0%, while institutional investors currently hold 75.91% of the company's stock.

1832 Asset Management L.P. lowered its position in Honeywell International Inc. (NASDAQ:HON - Free Report) by 83.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 283,615 shares of the conglomerate's stock after selling 1,469,092 shares during the period. 1832 Asset Management L.P.'s holdings in Honeywell International were worth $60,055,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Red Door Wealth Management LLC lifted its holdings in shares of Honeywell International by 2.6% in the first quarter. Red Door Wealth Management LLC now owns 29,090 shares of the conglomerate's stock valued at $6,160,000 after purchasing an additional 736 shares in the last quarter. Spinnaker Trust lifted its holdings in shares of Honeywell International by 2.4% in the first quarter. Spinnaker Trust now owns 11,598 shares of the conglomerate's stock valued at $2,456,000 after purchasing an additional 276 shares in the last quarter. Beacon Financial Group lifted its holdings in shares of Honeywell International by 52.6% in the first quarter. Beacon Financial Group now owns 3,759 shares of the conglomerate's stock valued at $796,000 after purchasing an additional 1,295 shares in the last quarter. WIM INVESTMENT MANAGEMENT Ltd lifted its holdings in shares of Honeywell International by 40.5% in the first quarter. WIM INVESTMENT MANAGEMENT Ltd now owns 28,800 shares of the conglomerate's stock valued at $6,098,000 after purchasing an additional 8,300 shares in the last quarter. Finally, Codex Capital Asset Management L.L.C. bought a new position in shares of Honeywell International in the first quarter valued at approximately $5,294,000. Institutional investors own 75.91% of the company's stock.

Honeywell International Stock Performance

NASDAQ:HON opened at $222.83 on Friday. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.29 and a quick ratio of 0.97. The business has a fifty day simple moving average of $226.94 and a two-hundred day simple moving average of $216.59. Honeywell International Inc. has a 1 year low of $179.36 and a 1 year high of $242.77. The company has a market capitalization of $141.47 billion, a P/E ratio of 25.35, a P/E/G ratio of 2.46 and a beta of 1.08.

Honeywell International (NASDAQ:HON - Get Free Report) last released its earnings results on Thursday, July 24th. The conglomerate reported $2.75 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.66 by $0.09. Honeywell International had a return on equity of 37.37% and a net margin of 14.30%.The business had revenue of $10.35 billion during the quarter, compared to the consensus estimate of $10.01 billion. During the same period last year, the business posted $2.49 earnings per share. The business's revenue for the quarter was up 8.1% on a year-over-year basis. 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, analysts expect that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 5th. Shareholders of record on Friday, August 15th will be given a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Friday, August 15th. Honeywell International's dividend payout ratio (DPR) is currently 51.42%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on HON shares. Morgan Stanley raised their target price on Honeywell International from $225.00 to $245.00 and gave the company an "equal weight" rating in a report on Monday, July 28th. JPMorgan Chase & Co. raised their target price on Honeywell International from $182.00 to $217.00 and gave the company a "neutral" rating in a report on Friday, May 16th. Citigroup lifted their price target on Honeywell International from $242.00 to $265.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Royal Bank Of Canada dropped their price target on Honeywell International from $254.00 to $253.00 and set a "sector perform" rating on the stock in a report on Friday, July 25th. Finally, Bank of America upgraded Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 price target on the stock in a report on Wednesday, May 7th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, Honeywell International presently has an average rating of "Moderate Buy" and an average target price of $254.00.

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.

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