Baird Financial Group Inc. Has $60.96 Million Stock Position in Honeywell International Inc. $HON

Key Points

• Baird Financial Group Inc. reduced its holdings in Honeywell International Inc. by 3.3% in Q1, now owning 287,885 shares valued at approximately $60.96 million.
• Several hedge funds have increased their stakes in Honeywell, with Palogic Value Management L.P. growing its position by 13.5% and Vident Advisory LLC increasing theirs by 30.7% during the same period.
• Honeywell recently announced a quarterly dividend of $1.13 per share, with a yield of 2.1% and a payout ratio of 51.42%.

Baird Financial Group Inc. lessened its stake in Honeywell International Inc. (NASDAQ:HON - Free Report) by 3.3% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 287,885 shares of the conglomerate's stock after selling 9,975 shares during the period. Baird Financial Group Inc.'s holdings in Honeywell International were worth $60,960,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Mpwm Advisory Solutions LLC acquired a new position in Honeywell International during the 4th quarter worth approximately $29,000. Accredited Wealth Management LLC purchased a new stake in Honeywell International in the 4th quarter valued at approximately $34,000. Pandora Wealth Inc. purchased a new stake in shares of Honeywell International in the first quarter valued at $33,000. Banque de Luxembourg S.A. acquired a new position in shares of Honeywell International during the 4th quarter valued at about $38,000. Finally, Stone House Investment Management LLC purchased a new stake in Honeywell International in the first quarter valued at approximately $41,000. Institutional investors and hedge funds own 75.91% of the company's stock.

Insider Transactions at Honeywell International

In related news, CEO Lucian Boldea sold 42,149 shares of the business's stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $221.58, for a total transaction of $9,339,375.42. Following the transaction, the chief executive officer owned 10,334 shares of the company's stock, valued at approximately $2,289,807.72. The trade was a 80.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.41% of the company's stock.

Honeywell International Price Performance

Shares of NASDAQ HON traded down $3.60 during mid-day trading on Wednesday, reaching $214.00. 3,519,773 shares of the company traded hands, compared to its average volume of 4,003,022. Honeywell International Inc. has a fifty-two week low of $179.36 and a fifty-two week high of $242.77. The stock has a fifty day simple moving average of $226.57 and a 200-day simple moving average of $217.23. The firm has a market cap of $135.87 billion, a PE ratio of 24.35, a price-to-earnings-growth ratio of 2.48 and a beta of 1.05. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.29 and a quick ratio of 0.97.

Honeywell International (NASDAQ:HON - Get Free Report) last posted 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 firm had revenue of $10.35 billion during the quarter, compared to analyst estimates of $10.01 billion. During the same quarter last year, the business posted $2.49 EPS. The company's 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. Equities research analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Investors of record on Friday, August 15th will be issued a $1.13 dividend. The ex-dividend date is Friday, August 15th. This represents a $4.52 dividend on an annualized basis and a yield of 2.1%. Honeywell International's dividend payout ratio is currently 51.42%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on HON. Bank of America upgraded Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 price objective for the company in a report on Wednesday, May 7th. Citigroup increased their price target on Honeywell International from $242.00 to $265.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. Wells Fargo & Company lowered their price target on Honeywell International from $240.00 to $230.00 and set an "equal weight" rating for the company in a report on Friday, July 25th. Morgan Stanley increased their price target on Honeywell International from $225.00 to $245.00 and gave the company an "equal weight" rating in a report on Monday, July 28th. Finally, Royal Bank Of Canada lowered their target price on Honeywell International from $254.00 to $253.00 and set a "sector perform" rating for the company in a research note on Friday, July 25th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, Honeywell International has an average rating of "Moderate Buy" and an average price target of $254.00.

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.