Arizona State Retirement System Reduces Stake in Honeywell International Inc. $HON

Key Points

• Arizona State Retirement System trimmed its stake in Honeywell by 3.2% in Q4, selling 6,077 shares and leaving it with 181,609 shares valued at about $35.43 million.
• Q1 results were mixed: Honeywell beat adjusted EPS ($2.45 vs. $2.32) but missed revenue ($9.14B vs. ~ $9.3B), then trimmed near-term cash-flow and guidance citing shipping/geopolitical disruptions, which spurred a negative market reaction.
• Management is advancing value-unlocking moves — Honeywell agreed to sell its Warehouse & Workflow Solutions unit, confirmed an Aerospace spinoff date, and its majority-owned Quantinuum unit has confidentially filed for a U.S. IPO.

Arizona State Retirement System trimmed its holdings in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 3.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 181,609 shares of the conglomerate's stock after selling 6,077 shares during the period. Arizona State Retirement System's holdings in Honeywell International were worth $35,430,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Holos Integrated Wealth LLC purchased a new position in shares of Honeywell International during the 4th quarter worth approximately $25,000. Barnes Dennig Private Wealth Management LLC increased its stake in shares of Honeywell International by 491.7% during the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 142 shares of the conglomerate's stock worth $30,000 after purchasing an additional 118 shares in the last quarter. JPL Wealth Management LLC purchased a new position in shares of Honeywell International during the 3rd quarter worth approximately $31,000. Cedar Mountain Advisors LLC grew its holdings in shares of Honeywell International by 116.7% during the third quarter. Cedar Mountain Advisors LLC now owns 156 shares of the conglomerate's stock worth $33,000 after buying an additional 84 shares in the last quarter. Finally, Strive Asset Management LLC purchased a new stake in shares of Honeywell International during the third quarter worth about $33,000. 75.91% of the stock is owned by hedge funds and other institutional investors.

Honeywell International News Roundup

Here are the key news stories impacting Honeywell International this week:

• Positive Sentiment: Q1 adjusted EPS beat and underlying strength: Honeywell reported adjusted EPS of $2.45 (above consensus) with solid margins and ROE, showing profit resilience despite a tough top line. HONEYWELL REPORTS FIRST-QUARTER RESULTS AND REAFFIRMS 2026 OUTLOOK; ANNOUNCES SALE OF WAREHOUSE AND WORKFLOW SOLUTIONS
• Positive Sentiment: Order growth and backlog support near-term revenue visibility: Orders rose ~7% and backlog stands near $38B, which helps revenue visibility as restructuring proceeds. HONEYWELL REPORTS FIRST-QUARTER RESULTS AND REAFFIRMS 2026 OUTLOOK; ANNOUNCES SALE OF WAREHOUSE AND WORKFLOW SOLUTIONS
• Positive Sentiment: Asset-sale and spinoff progress could unlock value: Honeywell signed a definitive agreement to sell its Warehouse & Workflow Solutions unit to American Industrial Partners and confirmed an Aerospace spinoff date, reducing conglomerate complexity. American Industrial Partners to Acquire Honeywell's Warehouse and Workflow Solutions Business
• Positive Sentiment: Quantinuum IPO underway: The company’s majority-owned quantum unit has confidentially filed for a U.S. IPO, a potential future catalyst for value realization. Honeywell's Quantinuum confidentially files for US IPO
• Neutral Sentiment: Segment realignment and reporting changes: Honeywell recast historical segment data and updated automation reporting — improves transparency but is not an immediate earnings driver. Honeywell Realigns Segments, Updates Automation Reporting Structure
• Negative Sentiment: Revenue miss and softer guidance weighed on sentiment: Q1 revenue missed estimates ($9.14B vs. ~$9.3B expected), and Q2 revenue/EPS guidance came in below Street forecasts, prompting investor concern. Honeywell declines after revenue miss, cash flow cut clouds profit beat
• Negative Sentiment: Geopolitical supply/shipping disruptions hit near-term outlook: Management flagged Middle East shipping disruptions that hurt visibility for Q2, a key driver of the trimmed near-term outlook. Honeywell stock falls as Middle East conflict hits Q2 outlook
• Negative Sentiment: Lowered operating cash-flow expectations and investor reaction: Management trimmed near-term cash-flow expectations and the market reacted negatively with elevated volume, amplifying the stock decline. Honeywell falls on revenue miss despite earnings beat

Honeywell International Price Performance

HON stock opened at $214.34 on Friday. The stock has a 50-day moving average price of $233.35 and a two-hundred day moving average price of $215.37. Honeywell International Inc. has a 12-month low of $185.13 and a 12-month high of $248.18. The company has a current ratio of 1.30, a quick ratio of 1.03 and a debt-to-equity ratio of 1.81. The company has a market cap of $135.82 billion, a PE ratio of 26.83, a price-to-earnings-growth ratio of 3.19 and a beta of 0.93.

Honeywell International (NASDAQ:HON - Get Free Report) last posted its quarterly earnings results on Thursday, April 23rd. The conglomerate reported $2.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.32 by $0.13. Honeywell International had a return on equity of 40.64% and a net margin of 12.74%.The firm had revenue of $9.14 billion during the quarter, compared to the consensus estimate of $9.30 billion. During the same quarter in the previous year, the business earned $2.21 earnings per share. The firm's quarterly revenue was up 2.4% compared to the same quarter last year. Honeywell International has set its FY 2026 guidance at 10.350-10.650 EPS and its Q2 2026 guidance at 2.350-2.450 EPS. As a group, research analysts predict that Honeywell International Inc. will post 10.5 EPS for the current year.

Honeywell International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Friday, February 27th were given a dividend of $1.19 per share. This represents a $4.76 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend was Friday, February 27th. Honeywell International's dividend payout ratio is 59.57%.

Insiders Place Their Bets

In related news, VP Robert D. Mailloux sold 5,274 shares of the company's stock in a transaction on Friday, February 6th. The shares were sold at an average price of $239.00, for a total transaction of $1,260,486.00. Following the completion of the sale, the vice president directly owned 4,803 shares of the company's stock, valued at approximately $1,147,917. This represents a 52.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director D Scott Davis sold 2,367 shares of the company's stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $240.00, for a total transaction of $568,080.00. Following the sale, the director directly owned 31,081 shares of the company's stock, valued at approximately $7,459,440. This trade represents a 7.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 18,190 shares of company stock valued at $4,244,287. 0.15% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Argus lifted their price target on shares of Honeywell International from $250.00 to $290.00 and gave the stock a "buy" rating in a report on Wednesday, February 18th. Wolfe Research lifted their price target on shares of Honeywell International from $293.00 to $296.00 and gave the stock an "outperform" rating in a report on Thursday, March 26th. Robert W. Baird lifted their price target on shares of Honeywell International from $220.00 to $240.00 and gave the stock a "neutral" rating in a report on Friday, January 30th. Wells Fargo & Company lifted their price target on shares of Honeywell International from $215.00 to $235.00 and gave the stock an "equal weight" rating in a report on Friday, January 30th. Finally, Rothschild & Co Redburn lifted their price target on shares of Honeywell International from $222.00 to $235.00 and gave the stock a "neutral" rating in a report on Monday, February 2nd. Thirteen analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $251.83.

Honeywell International Company Profile

Honeywell International Inc is a diversified, publicly traded multinational conglomerate NASDAQ: HON that designs and manufactures a wide range of commercial and consumer products, engineering services and aerospace systems. The company operates through major business platforms that historically include Aerospace; Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. Its portfolio spans avionics and propulsion systems, building controls and HVAC equipment, process technologies and advanced materials, industrial automation software, and personal protective equipment and scanning solutions.

Honeywell's aerospace business supplies aircraft manufacturers and operators with engines and auxiliary power units, avionics, flight safety systems and aftermarket services.

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