AG2R LA Mondiale Gestion D Actifs Purchases Shares of 24,132 Honeywell International Inc. $HON

Key Points

• AG2R LA Mondiale Gestion D Actifs acquired 24,132 shares of Honeywell International Inc. valued at approximately $5.47 million in the first quarter, highlighting increasing institutional interest in the company.
• Honeywell's stock rose by 1.7% to open at $215.31, with a market cap of $136.70 billion, reflecting a solid earnings performance with a reported EPS of $2.75, surpassing analyst expectations.
• The company recently declared a $1.13 quarterly dividend, representing a yield of 2.1% and a payout ratio of 51.42%, demonstrating its commitment to returning value to shareholders.

AG2R LA Mondiale Gestion D Actifs purchased a new stake in Honeywell International Inc. (NASDAQ:HON - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 24,132 shares of the conglomerate's stock, valued at approximately $5,470,000.

A number of other hedge funds have also recently bought and sold shares of the stock. Mpwm Advisory Solutions LLC bought a new position in shares of Honeywell International during the 4th quarter worth about $29,000. Pandora Wealth Inc. bought a new position in shares of Honeywell International during the 1st quarter worth about $33,000. 1248 Management LLC bought a new position in shares of Honeywell International during the 1st quarter worth about $38,000. Quarry LP bought a new position in shares of Honeywell International during the 1st quarter worth about $41,000. Finally, Stone House Investment Management LLC bought a new position in shares of Honeywell International during the 1st quarter worth about $41,000. 75.91% of the stock is owned by institutional investors.

Honeywell International Stock Up 1.7%

Shares of NASDAQ:HON opened at $215.31 on Friday. Honeywell International Inc. has a one year low of $179.36 and a one year high of $242.77. The company has a 50 day moving average of $223.99 and a 200-day moving average of $217.42. 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 stock has a market cap of $136.70 billion, a price-to-earnings ratio of 24.49, a P/E/G ratio of 2.39 and a beta of 1.05.

Honeywell International (NASDAQ:HON - Get Free Report) last issued 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 firm had revenue of $10.35 billion during 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 business's revenue for the quarter was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $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, sell-side analysts forecast that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Announces Dividend

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

Insider Buying and Selling

In related news, CEO Lucian Boldea sold 42,149 shares of the firm's stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $221.58, for a total transaction of $9,339,375.42. Following the transaction, the chief executive officer directly owned 10,334 shares of the company's stock, valued at approximately $2,289,807.72. This trade represents a 80.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.20% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on HON shares. Barclays raised their price objective on shares of Honeywell International from $258.00 to $265.00 and gave the stock an "overweight" rating in a report on Wednesday, July 9th. Wall Street Zen raised shares of Honeywell International from a "hold" rating to a "buy" rating in a report on Thursday, May 15th. Morgan Stanley lifted 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. Citigroup lifted 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. Finally, JPMorgan Chase & Co. lifted 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. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and eight have given a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus 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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