Adage Capital Partners GP L.L.C. Purchases 135,896 Shares of Honeywell International Inc. $HON

Key Points

• Adage Capital Partners GP L.L.C. increased its stake in Honeywell International by 38.1%, acquiring an additional 135,896 shares, bringing its total ownership to approximately 492,980 shares valued at $104,389,000.
• In related news, CEO Lucian Boldea sold 42,149 shares of the company for over $9.3 million, significantly reducing his ownership by 80.31%.
• Honeywell reported strong quarterly earnings with an EPS of $2.75, beating analyst estimates, and announced a quarterly dividend of $1.13 per share with a yield of 2.1%.

Adage Capital Partners GP L.L.C. boosted its position in Honeywell International Inc. (NASDAQ:HON - Free Report) by 38.1% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 492,980 shares of the conglomerate's stock after purchasing an additional 135,896 shares during the period. Adage Capital Partners GP L.L.C. owned about 0.08% of Honeywell International worth $104,389,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Red Door Wealth Management LLC lifted its stake in Honeywell International by 2.6% in the 1st 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 during the last quarter. Spinnaker Trust lifted its stake 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 purchasing an additional 276 shares during the last quarter. Beacon Financial Group lifted its stake 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 purchasing an additional 1,295 shares during the last quarter. WIM INVESTMENT MANAGEMENT Ltd lifted its stake 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 purchasing an additional 8,300 shares during 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. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Honeywell International

In related news, CEO Lucian Boldea sold 42,149 shares of Honeywell International stock in a transaction that occurred 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 transaction, the chief executive officer directly owned 10,334 shares of the company's stock, valued at $2,289,807.72. This trade represents a 80.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.20% of the stock is owned by company insiders.

Honeywell International Price Performance

NASDAQ:HON traded down $0.91 during mid-day trading on Friday, reaching $214.25. The stock had a trading volume of 4,104,308 shares, compared to its average volume of 3,006,594. The stock has a 50-day simple moving average of $225.90 and a two-hundred day simple moving average of $217.34. The stock has a market capitalization of $136.03 billion, a PE ratio of 24.37, a P/E/G ratio of 2.43 and a beta of 1.05. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.29 and a quick ratio of 0.97. Honeywell International Inc. has a 12 month low of $179.36 and a 12 month high of $242.77.

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

Honeywell International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 5th. Investors of record on Friday, August 15th were paid a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend was Friday, August 15th. Honeywell International's dividend payout ratio (DPR) is 51.42%.

Analyst Ratings Changes

Several research analysts have weighed in on HON shares. Wells Fargo & Company lowered their price target on shares of Honeywell International from $240.00 to $230.00 and set an "equal weight" rating on the stock in a report on Friday, July 25th. JPMorgan Chase & Co. increased their price target on shares of Honeywell International from $182.00 to $217.00 and gave the company a "neutral" rating in a report on Friday, May 16th. Morgan Stanley increased their price target on shares of Honeywell International from $225.00 to $245.00 and gave the company an "equal weight" rating in a report on Monday, July 28th. Royal Bank Of Canada lowered their price target on shares of 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, Citigroup increased their price target on shares of Honeywell International from $242.00 to $265.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. 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, the stock presently has a consensus rating of "Moderate Buy" and an average price target 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.