Concentric Capital Strategies LP Acquires New Shares in Honeywell International Inc. $HON

Key Points

• Concentric Capital Strategies LP has acquired 20,751 shares of Honeywell International Inc., valued at approximately $4.39 million, marking a new stake for the firm in the 1st quarter.
• Analysts have set varying price targets for Honeywell, with Barclays and Citigroup raising their targets to $265, while Wells Fargo reduced theirs to $230, reflecting mixed market expectations.
• Honeywell recently reported a quarterly EPS of $2.75, surpassing estimates, while also announcing a quarterly dividend of $1.13, indicating a stable revenue increase year-over-year.

Concentric Capital Strategies LP acquired a new stake in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 20,751 shares of the conglomerate's stock, valued at approximately $4,394,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Maia Wealth LLC boosted its stake in shares of Honeywell International by 4.1% during the first quarter. Maia Wealth LLC now owns 1,189 shares of the conglomerate's stock valued at $238,000 after purchasing an additional 47 shares during the period. Kirtland Hills Capital Management LLC raised its holdings in shares of Honeywell International by 1.1% during the first quarter. Kirtland Hills Capital Management LLC now owns 4,424 shares of the conglomerate's stock valued at $870,000 after acquiring an additional 48 shares in the last quarter. Sound View Wealth Advisors Group LLC raised its holdings in shares of Honeywell International by 0.6% during the first quarter. Sound View Wealth Advisors Group LLC now owns 8,769 shares of the conglomerate's stock valued at $1,857,000 after acquiring an additional 48 shares in the last quarter. Gateway Wealth Partners LLC raised its holdings in shares of Honeywell International by 2.5% during the first quarter. Gateway Wealth Partners LLC now owns 2,044 shares of the conglomerate's stock valued at $433,000 after acquiring an additional 49 shares in the last quarter. Finally, Cetera Trust Company N.A raised its holdings in shares of Honeywell International by 0.5% during the first quarter. Cetera Trust Company N.A now owns 10,475 shares of the conglomerate's stock valued at $2,218,000 after acquiring an additional 50 shares in the last quarter. Hedge funds and other institutional investors own 75.91% of the company's stock.

Honeywell International Stock Down 0.4%

Shares of NASDAQ:HON traded down $0.91 on Friday, hitting $214.25. 4,104,308 shares of the company traded hands, compared to its average volume of 3,006,594. Honeywell International Inc. has a 52 week low of $179.36 and a 52 week high of $242.77. The company has a quick ratio of 0.97, a current ratio of 1.29 and a debt-to-equity ratio of 1.81. The stock has a 50 day simple moving average of $225.90 and a 200-day simple moving average of $217.38. The company has a market cap of $136.03 billion, a PE ratio of 24.37, a PEG ratio of 2.42 and a beta of 1.05.

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, beating the consensus estimate of $2.66 by $0.09. Honeywell International had a return on equity of 37.37% and a net margin of 14.30%.The firm had revenue of $10.35 billion during the quarter, compared to the consensus estimate of $10.01 billion. During the same period last year, the company earned $2.49 earnings per share. The company's revenue was up 8.1% on a year-over-year basis. Honeywell International has set its FY 2025 guidance at 10.450-10.650 EPS. Q3 2025 guidance at 2.500-2.600 EPS. As a group, research analysts expect that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Dividend Announcement

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

Insider Buying and Selling 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 stock was sold at an average price of $221.58, for a total transaction of $9,339,375.42. Following the completion of the transaction, the chief executive officer directly owned 10,334 shares in the company, valued at $2,289,807.72. This trade represents a 80.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.20% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Wall Street Zen upgraded Honeywell International from a "hold" rating to a "buy" rating in a report on Thursday, May 15th. Barclays upped their target price on Honeywell International from $258.00 to $265.00 and gave the company an "overweight" rating in a report on Wednesday, July 9th. Morgan Stanley increased their price objective on Honeywell International from $225.00 to $245.00 and gave the stock an "equal weight" rating in a report on Monday, July 28th. Mizuho increased their price objective on Honeywell International from $235.00 to $250.00 and gave the stock an "outperform" rating in a report on Friday, May 16th. Finally, Citigroup increased their price objective on Honeywell International from $242.00 to $265.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. One equities research 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 MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price 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.