Honeywell International Inc. $HON Shares Bought by Brandywine Global Investment Management LLC

Key Points

• Brandywine Global Investment Management LLC increased its stake in Honeywell International by 23.6%, owning 421,382 shares valued at approximately $89.23 million as of the latest SEC filing.
• Several investors, including Aberdeen Group plc and Dimensional Fund Advisors LP, have also increased their positions in Honeywell, indicating strong institutional interest in the company.
• Honeywell reported earnings of $2.75 per share for the last quarter, exceeding estimates, with a revenue of $10.35 billion, reflecting an 8.1% year-over-year growth.

Brandywine Global Investment Management LLC increased its position in Honeywell International Inc. (NASDAQ:HON - Free Report) by 23.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 421,382 shares of the conglomerate's stock after buying an additional 80,478 shares during the quarter. Brandywine Global Investment Management LLC owned 0.07% of Honeywell International worth $89,228,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Capital World Investors bought a new position in shares of Honeywell International during the fourth quarter valued at about $1,594,216,000. Nuveen LLC purchased a new stake in shares of Honeywell International in the 1st quarter worth about $1,150,929,000. GAMMA Investing LLC increased its stake in shares of Honeywell International by 20,894.0% during the first quarter. GAMMA Investing LLC now owns 1,326,614 shares of the conglomerate's stock valued at $2,809,110,000 after purchasing an additional 1,320,295 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd raised its stake in Honeywell International by 592.0% during the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 867,665 shares of the conglomerate's stock valued at $183,728,000 after buying an additional 742,281 shares during the last quarter. Finally, Demars Financial Group LLC purchased a new stake in Honeywell International during the 4th quarter valued at about $155,407,000. 75.91% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

HON has been the subject of several recent analyst reports. Barclays boosted their price target on Honeywell International from $258.00 to $265.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 9th. JPMorgan Chase & Co. boosted their price target on Honeywell International from $182.00 to $217.00 and gave the company a "neutral" rating in a 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 on the stock in a research report on Friday, July 25th. Morgan Stanley boosted their target price on shares of Honeywell International from $225.00 to $245.00 and gave the stock an "equal weight" rating in a report on Monday, July 28th. Finally, Wells Fargo & Company cut 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. One 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 company. According to MarketBeat, Honeywell International currently has a consensus rating of "Moderate Buy" and an average price target of $254.00.

Honeywell International Stock Up 0.2%

Honeywell International stock traded up $0.34 during midday trading on Tuesday, hitting $216.74. 2,262,243 shares of the company's stock were exchanged, compared to its average volume of 4,063,126. The company has a market cap of $137.61 billion, a PE ratio of 24.66, a P/E/G ratio of 2.45 and a beta of 1.08. Honeywell International Inc. has a 12 month low of $179.36 and a 12 month high of $242.77. 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 50-day moving average of $227.50 and a two-hundred day moving average of $216.62.

Honeywell International (NASDAQ:HON - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The conglomerate reported $2.75 earnings per share (EPS) 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 business had revenue of $10.35 billion for the quarter, compared to the consensus estimate of $10.01 billion. During the same period last year, the business posted $2.49 EPS. The business's 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. As a group, analysts expect that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 5th. Investors of record on Friday, August 15th will be given a $1.13 dividend. This represents a $4.52 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend is Friday, August 15th. Honeywell International's dividend payout ratio is presently 51.42%.

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.