Azimuth Capital Investment Management LLC Takes $1.45 Million Position in Honeywell International Inc. $HON

Key Points

• Azimuth Capital Investment Management acquired 5,655 Honeywell shares worth approximately $1.45 million in the second quarter. Institutional investors collectively own 75.91% of the company.
• Honeywell exceeded quarterly earnings expectations, reporting $1.95 in EPS versus the $1.80 consensus estimate, while revenue increased 3.4% year over year to $9.72 billion.
• The company paid a quarterly dividend of $0.70 per share, equal to a $2.80 annualized payout and a 1.3% yield. Analysts maintain a consensus “Hold” rating with an average price target of $254.04.

Azimuth Capital Investment Management LLC purchased a new position in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 5,655 shares of the conglomerate's stock, valued at approximately $1,448,000.

A number of other large investors also recently bought and sold shares of HON. J. Stern & Co. LLP grew its position in Honeywell International by 22,704.6% in the 4th quarter. J. Stern & Co. LLP now owns 53,209,042 shares of the conglomerate's stock valued at $10,380,552,000 after acquiring an additional 52,975,716 shares during the last quarter. Bank of New York Mellon Corp bought a new stake in shares of Honeywell International during the second quarter worth $732,869,000. Diamant Asset Management Inc. purchased a new stake in shares of Honeywell International during the first quarter valued at $496,693,000. Mizuho Markets Americas LLC grew its holdings in shares of Honeywell International by 921.0% in the fourth quarter. Mizuho Markets Americas LLC now owns 2,042,000 shares of the conglomerate's stock worth $398,374,000 after purchasing an additional 1,842,000 shares during the last quarter. Finally, Eurizon Capital SGR S.p.A. purchased a new position in Honeywell International in the 4th quarter worth about $248,040,000. Hedge funds and other institutional investors own 75.91% of the company's stock.

Insiders Place Their Bets

In other news, CEO Kenneth West sold 316 shares of the stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $245.47, for a total transaction of $77,568.52. Following the completion of the sale, the chief executive officer owned 2,004 shares in the company, valued at approximately $491,921.88. This represents a 13.62% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.15% of the stock is currently owned by company insiders.

Honeywell International Stock Performance

Shares of NASDAQ:HON opened at $209.61 on Monday. Honeywell International Inc. has a 12-month low of $196.59 and a 12-month high of $261.24. The business's fifty day simple moving average is $228.64 and its 200-day simple moving average is $227.97. The company has a market capitalization of $66.43 billion, a PE ratio of 8.10, a P/E/G ratio of 3.51 and a beta of 0.87. The company has a current ratio of 1.21, a quick ratio of 0.93 and a debt-to-equity ratio of 1.39.

Honeywell International (NASDAQ:HON - Get Free Report) last issued its quarterly earnings data on Thursday, July 23rd. The conglomerate reported $1.95 earnings per share for the quarter, beating analysts' consensus estimates of $1.80 by $0.15. Honeywell International had a return on equity of 34.00% and a net margin of 23.90%.The company had revenue of $9.72 billion for the quarter, compared to the consensus estimate of $5.03 billion. During the same quarter last year, the company earned $1.77 earnings per share. The firm's revenue for the quarter was up 3.4% compared to the same quarter last year. Honeywell International has set its Q3 2026 guidance at 2.050-2.200 EPS and its Q4 2026 guidance at 2.280-2.430 EPS. As a group, equities research analysts predict that Honeywell International Inc. will post 8.29 earnings per share for the current fiscal year.

Honeywell International Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 4th. Investors of record on Friday, August 14th were paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Friday, August 14th. Honeywell International's payout ratio is 36.80%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on HON. Morgan Stanley lifted their price objective on shares of Honeywell International from $245.00 to $250.00 and gave the company an "equal weight" rating in a report on Monday, August 31st. Sanford C. Bernstein assumed coverage on shares of Honeywell International in a research report on Wednesday, June 10th. They set a "market perform" rating and a $233.00 target price on the stock. Citigroup lifted their price target on shares of Honeywell International from $260.00 to $279.00 and gave the company a "buy" rating in a research note on Friday, July 24th. Daiwa Securities Group raised Honeywell International from a "neutral" rating to an "outperform" rating and set a $255.00 price objective on the stock in a research note on Tuesday, June 30th. Finally, Rothschild & Co Redburn reduced their price objective on Honeywell International from $235.00 to $225.00 and set a "neutral" rating on the stock in a report on Thursday, May 21st. Thirteen equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Honeywell International currently has a consensus rating of "Hold" and an average price target of $254.04.

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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