Candriam S.C.A. Raises Holdings in Honeywell International Inc. $HON

Key Points

• Candriam S.C.A. significantly increased its stake in Honeywell International Inc. by 385.7%, acquiring 35,266 shares and bringing its total to 44,410 shares worth approximately $9.4 million.
• Honeywell announced a quarterly dividend of $1.13 per share, reflecting a 2.1% dividend yield, with a payout ratio of 51.42%.
• Recent earnings showed Honeywell reported $2.75 EPS for the quarter, surpassing estimates by $0.09, and the company set its FY 2025 EPS guidance between $10.450-$10.650.

Candriam S.C.A. grew its holdings in Honeywell International Inc. (NASDAQ:HON - Free Report) by 385.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 44,410 shares of the conglomerate's stock after acquiring an additional 35,266 shares during the quarter. Candriam S.C.A.'s holdings in Honeywell International were worth $9,404,000 at the end of the most recent reporting period.

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

Honeywell International Trading Down 1.0%

Shares of Honeywell International stock traded down $2.22 during trading hours on Monday, hitting $220.61. The company's stock had a trading volume of 2,256,872 shares, compared to its average volume of 4,043,315. 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 cap of $140.07 billion, a price-to-earnings ratio of 25.10, a P/E/G ratio of 2.52 and a beta of 1.08. Honeywell International Inc. has a twelve month low of $179.36 and a twelve month high of $242.77. The firm has a fifty day moving average of $226.94 and a 200-day moving average of $216.59.

Honeywell International (NASDAQ:HON - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The conglomerate reported $2.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.66 by $0.09. The firm 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%.The company's quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.49 EPS. Honeywell International has set its FY 2025 guidance at 10.450-10.650 EPS. Q3 2025 guidance at 2.500-2.600 EPS. Research analysts forecast that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Announces Dividend

The company 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. This represents a $4.52 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Friday, August 15th. Honeywell International's payout ratio is currently 51.42%.

Wall Street Analyst Weigh In

HON has been the subject of a number of research reports. Citigroup lifted their target price on Honeywell International from $242.00 to $265.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Royal Bank Of Canada decreased their target price on Honeywell International from $254.00 to $253.00 and set a "sector perform" rating for the company in a report on Friday, July 25th. Mizuho lifted their target price on Honeywell International from $235.00 to $250.00 and gave the stock an "outperform" rating in a report on Friday, May 16th. Bank of America raised Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 target price for the company in a report on Wednesday, May 7th. Finally, JPMorgan Chase & Co. lifted their target price on Honeywell International from $182.00 to $217.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. One equities research 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. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $254.00.

Honeywell International 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.