Tema Etfs LLC Purchases Shares of 9,906 Honeywell International Inc. $HON

Key Points

• Tema Etfs LLC has acquired 9,906 shares of Honeywell International Inc., valued at approximately $2.1 million, as part of its new position in the company during Q1.
• Honeywell International reported a Q2 earnings per share (EPS) of $2.75, exceeding estimates, with quarterly revenue reaching $10.35 billion.
• The company also announced a quarterly dividend of $1.13 per share, reflecting a 2.0% dividend yield with an ex-dividend date of August 15.

Tema Etfs LLC bought a new position in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm bought 9,906 shares of the conglomerate's stock, valued at approximately $2,098,000.

Other hedge funds have also made changes to their positions in the company. Red Door Wealth Management LLC increased its position in shares of Honeywell International by 2.6% during the 1st quarter. Red Door Wealth Management LLC now owns 29,090 shares of the conglomerate's stock worth $6,160,000 after purchasing an additional 736 shares in the last quarter. Spinnaker Trust increased its position in Honeywell International by 2.4% in the 1st quarter. Spinnaker Trust now owns 11,598 shares of the conglomerate's stock valued at $2,456,000 after acquiring an additional 276 shares in the last quarter. Beacon Financial Group increased its position in Honeywell International by 52.6% in the 1st quarter. Beacon Financial Group now owns 3,759 shares of the conglomerate's stock valued at $796,000 after acquiring an additional 1,295 shares in the last quarter. WIM INVESTMENT MANAGEMENT Ltd increased its position in Honeywell International by 40.5% in the 1st quarter. WIM INVESTMENT MANAGEMENT Ltd now owns 28,800 shares of the conglomerate's stock valued at $6,098,000 after acquiring an additional 8,300 shares in the last quarter. Finally, Codex Capital Asset Management L.L.C. acquired a new stake in Honeywell International in the 1st quarter valued at about $5,294,000. Institutional investors and hedge funds own 75.91% of the company's stock.

Honeywell International Trading Down 0.8%

Shares of NASDAQ:HON traded down $1.85 during trading on Friday, hitting $219.50. 1,991,059 shares of the company's stock were exchanged, compared to its average volume of 3,115,309. The firm has a 50-day moving average price of $226.81 and a two-hundred day moving average price of $217.03. Honeywell International Inc. has a 1-year low of $179.36 and a 1-year high of $242.77. The firm has a market cap of $139.36 billion, a P/E ratio of 24.97, a PEG ratio of 2.48 and a beta of 1.08. The company has a current ratio of 1.29, a quick ratio of 0.97 and a debt-to-equity ratio of 1.81.

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

Honeywell International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 5th. Shareholders 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 payout ratio is presently 51.42%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on HON shares. Citigroup raised their price objective on shares of Honeywell International from $242.00 to $265.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Barclays raised their price objective on shares of Honeywell International from $258.00 to $265.00 and gave the company an "overweight" rating in a research report on Wednesday, July 9th. Mizuho raised their price objective on shares of Honeywell International from $235.00 to $250.00 and gave the company an "outperform" rating in a research report on Friday, May 16th. Wall Street Zen upgraded shares of Honeywell International from a "hold" rating to a "buy" rating in a research report on Thursday, May 15th. Finally, Bank of America upgraded shares of Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 price objective for the company in a research report on Wednesday, May 7th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eight have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Honeywell International currently has a consensus rating of "Moderate Buy" and an average target price of $254.00.

Insider Activity at Honeywell International

In other news, CEO Lucian Boldea sold 42,149 shares of the business's stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $221.58, for a total value of $9,339,375.42. Following the sale, the chief executive officer owned 10,334 shares of the company's stock, valued at $2,289,807.72. The trade was a 80.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.20% of the stock is currently owned by corporate insiders.

Honeywell International 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.