AlphaQuest LLC Acquires 14,581 Shares of Honeywell International Inc. $HON

Key Points

• AlphaQuest LLC significantly increased its stake in Honeywell International Inc. by 639.8%, acquiring an additional 14,581 shares, resulting in a total of 16,860 shares valued at approximately $3.57 million.
• Institutional investors now own 75.91% of Honeywell's stock, with several firms, including Mpwm Advisory Solutions and Stone House Investment Management, acquiring new positions.
• Honeywell International reported $2.75 EPS for the last quarter, surpassing analysts' expectations, and has a consensus rating of "Moderate Buy" with an average price target of $254.00.

AlphaQuest LLC lifted its holdings in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 639.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,860 shares of the conglomerate's stock after buying an additional 14,581 shares during the period. Honeywell International makes up about 0.4% of AlphaQuest LLC's investment portfolio, making the stock its 8th largest holding. AlphaQuest LLC's holdings in Honeywell International were worth $3,570,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Allstate Corp boosted its position in shares of Honeywell International by 15.7% during the first quarter. Allstate Corp now owns 22,406 shares of the conglomerate's stock worth $4,744,000 after buying an additional 3,042 shares during the period. Kestra Advisory Services LLC increased its holdings in shares of Honeywell International by 5.4% in the first quarter. Kestra Advisory Services LLC now owns 98,654 shares of the conglomerate's stock valued at $20,890,000 after buying an additional 5,033 shares in the last quarter. Kelly Lawrence W & Associates Inc. CA increased its holdings in shares of Honeywell International by 22.3% in the first quarter. Kelly Lawrence W & Associates Inc. CA now owns 2,005 shares of the conglomerate's stock valued at $425,000 after buying an additional 365 shares in the last quarter. Monetary Management Group Inc. boosted its position in shares of Honeywell International by 3.2% in the first quarter. Monetary Management Group Inc. now owns 6,400 shares of the conglomerate's stock worth $1,355,000 after buying an additional 200 shares during the period. Finally, Bragg Financial Advisors Inc boosted its position in shares of Honeywell International by 0.9% in the first quarter. Bragg Financial Advisors Inc now owns 66,029 shares of the conglomerate's stock worth $13,982,000 after buying an additional 574 shares during the period. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Honeywell International Trading Down 1.0%

Shares of NASDAQ HON traded down $2.22 during midday trading on Monday, reaching $220.61. 2,256,872 shares of the stock were exchanged, compared to its average volume of 4,043,315. Honeywell International Inc. has a 12 month low of $179.36 and a 12 month high of $242.77. 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 50-day simple moving average of $226.94 and a two-hundred day simple moving average of $216.59. The company has a market capitalization of $140.07 billion, a price-to-earnings ratio of 25.10, a P/E/G ratio of 2.52 and a beta of 1.08.

Honeywell International (NASDAQ:HON - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The conglomerate reported $2.75 EPS for the quarter, topping analysts' consensus estimates 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 period last year, the business posted $2.49 earnings per share. The firm's quarterly revenue 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. As a group, equities research analysts expect that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Announces Dividend

The firm 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. This represents a $4.52 annualized dividend and a yield of 2.0%. The ex-dividend date is Friday, August 15th. Honeywell International's payout ratio is presently 51.42%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Wall Street Zen upgraded shares of Honeywell International from a "hold" rating to a "buy" rating in a report on Thursday, May 15th. Barclays upped their price target on shares of Honeywell International from $258.00 to $265.00 and gave the company an "overweight" rating in a report on Wednesday, July 9th. Wells Fargo & Company reduced their target price on shares of Honeywell International from $240.00 to $230.00 and set an "equal weight" rating for the company in a research note on Friday, July 25th. Mizuho increased their target price on shares of Honeywell International from $235.00 to $250.00 and gave the company an "outperform" rating in a research note on Friday, May 16th. Finally, Morgan Stanley increased their price target on shares of Honeywell International from $225.00 to $245.00 and gave the stock an "equal weight" rating in a research report on Monday, July 28th. One equities research 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.com, Honeywell International presently 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.