Caisse DE Depot ET Placement DU Quebec Grows Stake in Honeywell International Inc. $HON

Key Points

• Caisse DE Depot ET Placement DU Quebec increased its equity stake in Honeywell International Inc. by 33.2%, owning 1,023,232 shares valued at approximately $216.67 million as of the end of the first quarter.
• Honeywell reported strong quarterly earnings of $2.75 per share, surpassing estimates, along with an 8.1% year-over-year increase in revenue to $10.35 billion.
• The company announced a quarterly dividend of $1.13 per share, reflecting a 2% dividend yield with a payout ratio of 51.42%.

Caisse DE Depot ET Placement DU Quebec grew its position in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 33.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,023,232 shares of the conglomerate's stock after acquiring an additional 254,900 shares during the period. Caisse DE Depot ET Placement DU Quebec owned about 0.16% of Honeywell International worth $216,669,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of HON. Mpwm Advisory Solutions LLC purchased a new position in shares of Honeywell International during the fourth quarter valued at approximately $29,000. Accredited Wealth Management LLC purchased a new position in Honeywell International during the 4th quarter valued at about $34,000. Pandora Wealth Inc. purchased a new stake in Honeywell International in the first quarter worth about $33,000. Banque de Luxembourg S.A. bought a new stake in shares of Honeywell International in the 4th quarter worth approximately $38,000. Finally, Stone House Investment Management LLC bought a new position in Honeywell International during the 1st quarter valued at approximately $41,000. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Honeywell International Stock Performance

Honeywell International stock traded up $0.10 during trading on Thursday, reaching $221.35. The company had a trading volume of 2,600,222 shares, compared to its average volume of 3,138,028. The firm has a market capitalization of $140.54 billion, a price-to-earnings ratio of 25.18, a price-to-earnings-growth ratio of 2.50 and a beta of 1.08. The company has a current ratio of 1.29, a quick ratio of 0.97 and a debt-to-equity ratio of 1.81. The firm's 50-day simple moving average is $226.87 and its 200 day simple moving average is $216.77. Honeywell International Inc. has a 52 week low of $179.36 and a 52 week high of $242.77.

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

Honeywell International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 5th. Shareholders of record on Friday, August 15th will be given 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 2.0%. Honeywell International's dividend payout ratio is presently 51.42%.

Analysts Set New Price Targets

A number of research firms have recently commented on HON. Barclays increased their target price on Honeywell International from $258.00 to $265.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 9th. Morgan Stanley increased their target price on Honeywell International from $225.00 to $245.00 and gave the stock an "equal weight" rating in a research note on Monday, July 28th. Citigroup increased their target price on Honeywell International from $242.00 to $265.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Bank of America raised Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 target price on the stock in a research note on Wednesday, May 7th. Finally, Wells Fargo & Company cut their target price on Honeywell International from $240.00 to $230.00 and set an "equal weight" rating on the stock in a research note on Friday, July 25th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, Honeywell International currently has an average rating of "Moderate Buy" and an average target price of $254.00.

Insider Buying and Selling

In other Honeywell International news, CEO Lucian Boldea sold 42,149 shares of the company's stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $221.58, for a total value of $9,339,375.42. Following the completion of the sale, the chief executive officer owned 10,334 shares in the company, valued at $2,289,807.72. This represents a 80.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.20% of the stock is currently owned by insiders.

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.