Caxton Associates LLP Purchases New Shares in Honeywell International Inc. $HON

Key Points

• Caxton Associates LLP bought 8,855 new shares of Honeywell International Inc. valued at approximately $1.875 million during the 1st quarter.
• Several institutional investors, including Red Door Wealth Management LLC and Beacon Financial Group, increased their holdings in Honeywell, indicating strong institutional interest.
• Honeywell's stock recently received multiple price target adjustments from analysts, with a consensus target price of $254.00 and a rating of "Moderate Buy."

Caxton Associates LLP purchased a new stake in Honeywell International Inc. (NASDAQ:HON - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 8,855 shares of the conglomerate's stock, valued at approximately $1,875,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Red Door Wealth Management LLC increased its holdings in Honeywell International by 2.6% in the 1st quarter. Red Door Wealth Management LLC now owns 29,090 shares of the conglomerate's stock valued at $6,160,000 after buying an additional 736 shares during the period. Spinnaker Trust boosted its position in shares of Honeywell International by 2.4% during the 1st quarter. Spinnaker Trust now owns 11,598 shares of the conglomerate's stock worth $2,456,000 after acquiring an additional 276 shares in the last quarter. Beacon Financial Group increased its stake in Honeywell International by 52.6% in the first quarter. Beacon Financial Group now owns 3,759 shares of the conglomerate's stock valued at $796,000 after acquiring an additional 1,295 shares during the last quarter. WIM INVESTMENT MANAGEMENT Ltd increased its stake in Honeywell International by 40.5% in the first quarter. WIM INVESTMENT MANAGEMENT Ltd now owns 28,800 shares of the conglomerate's stock valued at $6,098,000 after acquiring an additional 8,300 shares during the last quarter. Finally, Codex Capital Asset Management L.L.C. bought a new position in Honeywell International in the first quarter valued at approximately $5,294,000. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Honeywell International from $182.00 to $217.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. Royal Bank Of Canada decreased 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 note on Friday, July 25th. Wells Fargo & Company dropped 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 report on Friday, July 25th. Barclays increased their target price on shares of Honeywell International from $258.00 to $265.00 and gave the stock an "overweight" rating in a report on Wednesday, July 9th. Finally, Morgan Stanley increased their target price on shares of Honeywell International from $225.00 to $245.00 and gave the stock an "equal weight" rating in a report on Monday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, Honeywell International presently has a consensus rating of "Moderate Buy" and a consensus target price of $254.00.

Insider Transactions at Honeywell International

In related news, CEO Lucian Boldea sold 42,149 shares of the firm's stock in a transaction that occurred 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 transaction, the chief executive officer owned 10,334 shares in the company, valued at $2,289,807.72. This trade represents a 80.31% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.41% of the stock is currently owned by company insiders.

Honeywell International Stock Up 0.2%

Shares of NASDAQ HON opened at $214.75 on Tuesday. The company has a 50 day simple moving average of $225.53 and a 200 day simple moving average of $217.44. The firm has a market cap of $136.34 billion, a PE ratio of 24.43, a price-to-earnings-growth ratio of 2.42 and a beta of 1.05. Honeywell International Inc. has a 1 year low of $179.36 and a 1 year high of $242.77. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.29 and a quick ratio of 0.97.

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 (EPS) for the quarter, beating analysts' consensus estimates of $2.66 by $0.09. The business had revenue of $10.35 billion during the quarter, compared to analyst estimates of $10.01 billion. Honeywell International had a net margin of 14.30% and a return on equity of 37.37%. The firm's quarterly revenue was up 8.1% on a year-over-year basis. During the same quarter last 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. On average, research analysts forecast that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 5th. Investors of record on Friday, August 15th were issued a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date was Friday, August 15th. Honeywell International's dividend payout ratio (DPR) is 51.42%.

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.

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