AQR Capital Management LLC Has $12.10 Million Stock Position in Honeywell International Inc. $HON

Key Points

• AQR Capital Management increased its holdings in Honeywell International by 15.7%, acquiring an additional 7,788 shares, bringing their total ownership to 57,353 shares valued at approximately $12.1 million.
• CEO Lucian Boldea sold 42,149 shares of Honeywell stock, resulting in an 80.31% decrease in his holdings, which were valued at about $2.29 million post-sale.
• Honeywell reported a quarterly earnings per share (EPS) of $2.75, exceeding analyst expectations and reflecting an 8.1% year-over-year revenue growth.

AQR Capital Management LLC lifted its holdings in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 15.7% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 57,353 shares of the conglomerate's stock after buying an additional 7,788 shares during the period. AQR Capital Management LLC's holdings in Honeywell International were worth $12,099,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. Red Door Wealth Management LLC grew its position 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 worth $6,160,000 after purchasing an additional 736 shares during the last quarter. Amundi grew its position in Honeywell International by 30.2% in the 1st quarter. Amundi now owns 519,882 shares of the conglomerate's stock worth $107,450,000 after purchasing an additional 120,706 shares during the last quarter. Spinnaker Trust grew its position in Honeywell International by 2.4% in the 1st quarter. Spinnaker Trust now owns 11,598 shares of the conglomerate's stock worth $2,456,000 after purchasing an additional 276 shares during the last quarter. Beacon Financial Group grew 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 worth $796,000 after purchasing an additional 1,295 shares during the last quarter. Finally, WIM INVESTMENT MANAGEMENT Ltd grew 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 worth $6,098,000 after purchasing an additional 8,300 shares during the last quarter. Institutional investors own 75.91% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on HON. Citigroup upped their target price on shares of Honeywell International from $242.00 to $265.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Wall Street Zen upgraded shares of Honeywell International from a "hold" rating to a "buy" rating in a research report on Thursday, May 15th. Mizuho upped their target price on shares of Honeywell International from $235.00 to $250.00 and gave the stock an "outperform" rating in a research report on Friday, May 16th. Royal Bank Of Canada decreased their price objective on shares of Honeywell International from $254.00 to $253.00 and set a "sector perform" rating for the company in a report on Friday, July 25th. Finally, Wells Fargo & Company decreased their price objective on shares of Honeywell International from $240.00 to $230.00 and set an "equal weight" rating for the company in a report on Friday, July 25th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $254.00.

Honeywell International Price Performance

HON stock traded down $3.85 on Friday, hitting $211.46. 3,168,914 shares of the company's stock traded hands, compared to its average volume of 3,259,496. Honeywell International Inc. has a 1-year low of $179.36 and a 1-year high of $242.77. The stock has a market cap of $134.26 billion, a price-to-earnings ratio of 24.06, a P/E/G ratio of 2.43 and a beta of 1.05. The stock has a fifty day moving average of $223.99 and a 200-day moving average of $217.42. 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 earnings results on Thursday, July 24th. The conglomerate reported $2.75 EPS for the quarter, beating 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 during the quarter, compared to analyst estimates of $10.01 billion. During the same period in the prior year, the business earned $2.49 earnings per share. The business'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. On average, analysts forecast that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 5th. Investors of record on Friday, August 15th were paid a dividend of $1.13 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $4.52 annualized dividend and a yield of 2.1%. Honeywell International's dividend payout ratio is currently 51.42%.

Insider Activity at Honeywell International

In related news, CEO Lucian Boldea sold 42,149 shares of the company's 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 completion of the sale, the chief executive officer owned 10,334 shares in the company, valued at approximately $2,289,807.72. This represents a 80.31% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.20% of the company's stock.

Honeywell International Company 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.