Honeywell International Inc. $HON Shares Sold by Cardinal Capital Management Inc.

Key Points

• Cardinal Capital Management Inc. reduced its holdings in Honeywell International by 2.3%, owning 127,407 shares valued at approximately $29.67 million after selling 2,948 shares during the 2nd quarter.
• Honeywell International's CEO, Lucian Boldea, sold 42,149 shares for over $9.3 million, representing an 80.31% decrease in his position.
• Equities analysts have varying price targets for Honeywell shares, with Barclays raising its target from $258 to $265, reflecting a positive outlook on the stock.

Cardinal Capital Management Inc. reduced its stake in Honeywell International Inc. (NASDAQ:HON - Free Report) by 2.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 127,407 shares of the conglomerate's stock after selling 2,948 shares during the quarter. Cardinal Capital Management Inc.'s holdings in Honeywell International were worth $29,671,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Pandora Wealth Inc. acquired a new stake in Honeywell International during the 1st quarter worth approximately $33,000. 1248 Management LLC purchased a new stake in shares of Honeywell International in the 1st quarter valued at approximately $38,000. Stone House Investment Management LLC purchased a new stake in shares of Honeywell International in the 1st quarter valued at approximately $41,000. Quarry LP purchased a new stake in shares of Honeywell International in the 1st quarter valued at approximately $41,000. Finally, Garde Capital Inc. purchased a new stake in shares of Honeywell International in the 1st quarter valued at approximately $42,000. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Honeywell International Stock Performance

NASDAQ:HON traded up $0.26 during trading hours on Tuesday, reaching $209.26. 2,190,871 shares of the company's stock were exchanged, compared to its average volume of 4,047,985. The firm has a market capitalization of $132.86 billion, a price-to-earnings ratio of 23.80, a P/E/G ratio of 2.36 and a beta of 1.05. The company has a 50-day moving average of $220.09 and a 200 day moving average of $217.46. The company has a quick ratio of 0.97, a current ratio of 1.29 and a debt-to-equity ratio of 1.81. Honeywell International Inc. has a 1-year low of $179.36 and a 1-year high of $242.77.

Honeywell International (NASDAQ:HON - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The conglomerate reported $2.75 earnings per share for the quarter, topping analysts' consensus estimates of $2.66 by $0.09. The firm had revenue of $10.35 billion during 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%. Honeywell International's quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter in the prior 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 anticipate that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 5th. Stockholders of record on Friday, August 15th were paid a $1.13 dividend. This represents a $4.52 annualized dividend and a dividend yield of 2.2%. The ex-dividend date was Friday, August 15th. Honeywell International's dividend payout ratio (DPR) is 51.42%.

Insider Activity at Honeywell International

In other news, CEO Lucian Boldea sold 42,149 shares of the firm's stock in a transaction on Wednesday, August 27th. The shares were 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 approximately $2,289,807.72. This trade represents a 80.31% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.41% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Royal Bank Of Canada dropped 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. Wells Fargo & Company dropped their price objective on shares of Honeywell International from $240.00 to $230.00 and set an "equal weight" rating on the stock in a research report on Friday, July 25th. Barclays increased their price objective on shares of Honeywell International from $258.00 to $265.00 and gave the company an "overweight" rating in a research report on Wednesday, July 9th. Citigroup increased their price objective on shares of Honeywell International from $242.00 to $265.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Finally, Morgan Stanley increased their target price on shares of Honeywell International from $225.00 to $245.00 and gave the company an "equal weight" rating in a research report on Monday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eight have given a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $254.00.

About Honeywell International

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.