Amundi Purchases 120,706 Shares of Honeywell International Inc. $HON

Key Points

• Amundi increased its stake in Honeywell International Inc. by 30.2%, acquiring 120,706 shares to reach a total holding of approximately 519,882 shares worth $107.45 million.
• Honeywell reported a quarterly EPS of $2.75, exceeding estimates, with revenue of $10.35 billion, up 8.1% compared to the previous year.
• The company's dividend for the quarter was set at $1.13 per share, resulting in a total annualized dividend of $4.52 and a yield of 2.1%.

Amundi lifted its position in Honeywell International Inc. (NASDAQ:HON - Free Report) by 30.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 519,882 shares of the conglomerate's stock after buying an additional 120,706 shares during the quarter. Amundi owned approximately 0.08% of Honeywell International worth $107,450,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Mpwm Advisory Solutions LLC purchased a new stake in Honeywell International in the 4th quarter worth approximately $29,000. Pandora Wealth Inc. bought a new position in shares of Honeywell International in the first quarter worth $33,000. 1248 Management LLC bought a new position in shares of Honeywell International in the first quarter worth $38,000. Quarry LP purchased a new stake in shares of Honeywell International in the first quarter worth $41,000. Finally, Stone House Investment Management LLC bought a new stake in Honeywell International during the first quarter valued at $41,000. Hedge funds and other institutional investors own 75.91% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on HON shares. Wells Fargo & Company decreased their target price on Honeywell International from $240.00 to $230.00 and set an "equal weight" rating on the stock in a research note on Friday, July 25th. Barclays boosted their price objective on Honeywell International from $258.00 to $265.00 and gave the stock an "overweight" rating in a report on Wednesday, July 9th. Royal Bank Of Canada lowered their target price on shares of Honeywell International from $254.00 to $253.00 and set a "sector perform" rating on the stock in a research note on Friday, July 25th. Wall Street Zen raised shares of Honeywell International from a "hold" rating to a "buy" rating in a research note on Thursday, May 15th. Finally, Citigroup increased their price target on shares of Honeywell International from $242.00 to $265.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. One investment 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 stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $254.00.

Honeywell International Trading Down 1.0%

HON traded down $2.14 on Wednesday, hitting $212.06. 2,530,298 shares of the company were exchanged, compared to its average volume of 3,995,020. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.97 and a current ratio of 1.29. The firm has a fifty day simple moving average of $225.04 and a two-hundred day simple moving average of $217.42. The stock has a market capitalization of $134.64 billion, a PE ratio of 24.13, a price-to-earnings-growth ratio of 2.43 and a beta of 1.05. 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 released its quarterly earnings data on Thursday, July 24th. The conglomerate reported $2.75 earnings per share for the quarter, beating 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 firm had revenue of $10.35 billion during the quarter, compared to analyst estimates of $10.01 billion. During the same quarter in the prior year, the firm posted $2.49 earnings per share. The business'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. Sell-side analysts expect 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. Stockholders of record on Friday, August 15th were paid a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend was Friday, August 15th. Honeywell International's dividend payout ratio is 51.42%.

Insider Buying and Selling at Honeywell International

In related news, CEO Lucian Boldea sold 42,149 shares of the firm's stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $221.58, for a total value of $9,339,375.42. Following the sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.41% of the company's stock.

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.