BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Sells 103,650 Shares of Honeywell International Inc. $HON

Key Points

• British Columbia Investment Management Corp reduced its stake in Honeywell International by 45.5%, holding 124,354 shares worth approximately $26.33 million as of its latest SEC filing.
• Honeywell International reported strong quarterly earnings, with earnings per share (EPS) of $2.75, exceeding analysts' expectations by $0.09 and showing an 8.1% year-over-year revenue growth.
• The company recently announced a quarterly dividend of $1.13 per share, reflecting an annualized dividend of $4.52 and a yield of 2.0%.

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lessened its holdings in Honeywell International Inc. (NASDAQ:HON - Free Report) by 45.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 124,354 shares of the conglomerate's stock after selling 103,650 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp's holdings in Honeywell International were worth $26,329,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. AlphaQuest LLC boosted its stake in Honeywell International by 639.8% in the first quarter. AlphaQuest LLC now owns 16,860 shares of the conglomerate's stock valued at $3,570,000 after acquiring an additional 14,581 shares during the period. Allstate Corp raised its stake in shares of Honeywell International by 15.7% during the first quarter. Allstate Corp now owns 22,406 shares of the conglomerate's stock valued at $4,744,000 after purchasing an additional 3,042 shares in the last quarter. Kestra Advisory Services LLC raised its holdings in Honeywell International by 5.4% during the first quarter. Kestra Advisory Services LLC now owns 98,654 shares of the conglomerate's stock worth $20,890,000 after purchasing an additional 5,033 shares in the last quarter. Kelly Lawrence W & Associates Inc. CA raised its holdings in Honeywell International by 22.3% during the first quarter. Kelly Lawrence W & Associates Inc. CA now owns 2,005 shares of the conglomerate's stock worth $425,000 after purchasing an additional 365 shares in the last quarter. Finally, Monetary Management Group Inc. increased its holdings in shares of Honeywell International by 3.2% in the first quarter. Monetary Management Group Inc. now owns 6,400 shares of the conglomerate's stock valued at $1,355,000 after buying an additional 200 shares in the last quarter. Institutional investors and hedge funds own 75.91% of the company's stock.

Honeywell International Price Performance

Honeywell International stock traded up $0.10 during trading hours on Thursday, hitting $221.35. 2,568,161 shares of the stock were exchanged, compared to its average volume of 4,015,274. 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 stock has a market capitalization of $140.54 billion, a P/E ratio of 25.18, a P/E/G ratio of 2.51 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 business's 50-day moving average is $226.87 and its two-hundred day moving average is $216.77.

Honeywell International (NASDAQ:HON - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The conglomerate reported $2.75 earnings per share for the quarter, topping the consensus estimate of $2.66 by $0.09. The firm had revenue of $10.35 billion for the quarter, compared to analysts' expectations of $10.01 billion. Honeywell International had a net margin of 14.30% and a return on equity of 37.37%. The company's quarterly revenue was up 8.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.49 earnings per share. 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 expect that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 5th. Stockholders of record on Friday, August 15th will be paid a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Friday, August 15th. Honeywell International's dividend payout ratio is 51.42%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on HON shares. Wall Street Zen raised Honeywell International from a "hold" rating to a "buy" rating in a report on Thursday, May 15th. Citigroup boosted their price target on shares of Honeywell International from $242.00 to $265.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. Morgan Stanley lifted their price objective on shares of Honeywell International from $225.00 to $245.00 and gave the company an "equal weight" rating in a research note on Monday, July 28th. Wells Fargo & Company cut their target price on shares of Honeywell International from $240.00 to $230.00 and set an "equal weight" rating for the company in a research report on Friday, July 25th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Honeywell International from $182.00 to $217.00 and gave the stock a "neutral" rating in a research report on Friday, May 16th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eight have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus 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.