California State Teachers Retirement System Makes New $28.21 Billion Investment in Honeywell International Inc. $HON

Key Points

• CalSTRS purchased 110.2 million Honeywell shares worth approximately $28.21 billion, giving it an estimated 34.77% ownership stake. Institutional investors collectively own 75.91% of the company.
• Honeywell reported quarterly earnings of $1.95 per share, exceeding the $1.80 analyst consensus, while revenue rose 3.4% year over year to $9.72 billion. Management issued third-quarter 2026 EPS guidance of $2.05–$2.20.
• Analysts maintain a consensus “Hold” rating with an average price target of $254.04, although several firms recently raised their targets. Honeywell’s quarterly dividend is $0.70 per share, equating to a 1.3% yield.

California State Teachers Retirement System purchased a new position in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 110,187,907 shares of the conglomerate's stock, valued at approximately $28,209,206,000. California State Teachers Retirement System owned approximately 34.77% of Honeywell International as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Caitlin John LLC boosted its position in Honeywell International by 138.9% during the fourth quarter. Caitlin John LLC now owns 129 shares of the conglomerate's stock valued at $25,000 after buying an additional 75 shares during the period. Hilton Head Capital Partners LLC purchased a new position in shares of Honeywell International in the fourth quarter worth about $28,000. University of Texas Texas AM Investment Management Co. purchased a new position in shares of Honeywell International in the fourth quarter worth about $28,000. JPL Wealth Management LLC bought a new stake in shares of Honeywell International in the 3rd quarter valued at about $31,000. Finally, Scarborough Advisors LLC purchased a new stake in Honeywell International during the 1st quarter valued at about $34,000. 75.91% of the stock is currently owned by institutional investors.

Insider Transactions at Honeywell International

In other Honeywell International news, CEO Kenneth West sold 17,032 shares of the business's stock in a transaction on Monday, July 27th. The stock was sold at an average price of $243.77, for a total value of $4,151,890.64. Following the sale, the chief executive officer directly owned 2,132 shares of the company's stock, valued at approximately $519,717.64. The trade was a 88.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.15% of the company's stock.

Honeywell International Price Performance

Shares of Honeywell International stock opened at $209.61 on Tuesday. 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 Inc. has a 12-month low of $196.59 and a 12-month high of $261.24. The company has a market cap of $66.43 billion, a P/E ratio of 8.10, a PEG ratio of 3.51 and a beta of 0.87. The company's fifty day simple moving average is $228.27 and its two-hundred day simple moving average is $227.73.

Honeywell International (NASDAQ:HON - Get Free Report) last announced its earnings results 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. The firm had revenue of $9.72 billion for the quarter, compared to analyst estimates of $5.03 billion. Honeywell International had a net margin of 23.90% and a return on equity of 34.00%. The company's revenue for the quarter was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.77 EPS. 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. Research analysts anticipate that Honeywell International Inc. will post 8.29 EPS for the current year.

Honeywell International Cuts Dividend

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

Analysts Set New Price Targets

Several equities analysts recently issued reports on HON shares. Deutsche Bank Aktiengesellschaft raised their price target on Honeywell International from $250.00 to $263.00 and gave the stock a "buy" rating in a research report on Tuesday, June 30th. Daiwa Securities Group upgraded Honeywell International from a "neutral" rating to an "outperform" rating and set a $255.00 price objective for the company in a research report on Tuesday, June 30th. Bank of America raised Honeywell International from an "underperform" rating to a "neutral" rating and increased their price objective for the company from $205.00 to $265.00 in a research note on Tuesday, July 28th. BMO Capital Markets raised their target price on shares of Honeywell International from $253.00 to $276.00 and gave the stock an "outperform" rating in a report on Monday, July 27th. Finally, Wolfe Research raised shares of Honeywell International to a "hold" rating in a research note on Monday, June 29th. Thirteen research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $254.04.

Honeywell International 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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