Corebridge Financial Inc. Lowers Holdings in Honeywell International Inc. $HON

Key Points

• Corebridge Financial Inc. reduced its holdings in Honeywell International by 3.0%, selling 5,765 shares but still maintaining 185,968 shares valued at approximately $39.4 million.
• Several research firms have raised their price targets for Honeywell International, with Mizuho increasing it from $235 to $250 and Citigroup raising it from $242 to $265.
• Honeywell International reported a quarterly EPS of $2.75, exceeding analysts' expectations and setting its FY 2025 guidance at 10.450-10.650 EPS.

Corebridge Financial Inc. trimmed its position in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 3.0% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 185,968 shares of the conglomerate's stock after selling 5,765 shares during the period. Corebridge Financial Inc.'s holdings in Honeywell International were worth $39,379,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Brighton Jones LLC boosted its holdings in Honeywell International by 9.1% in the fourth quarter. Brighton Jones LLC now owns 19,047 shares of the conglomerate's stock valued at $4,302,000 after acquiring an additional 1,582 shares during the last quarter. Nebula Research & Development LLC bought a new stake in shares of Honeywell International during the fourth quarter valued at approximately $649,000. Susquehanna Fundamental Investments LLC bought a new stake in shares of Honeywell International during the fourth quarter valued at approximately $11,163,000. Mission Creek Capital Partners Inc. increased its holdings in shares of Honeywell International by 22.3% during the fourth quarter. Mission Creek Capital Partners Inc. now owns 8,094 shares of the conglomerate's stock valued at $1,828,000 after acquiring an additional 1,477 shares in the last quarter. Finally, Bellwether Advisors LLC purchased a new position in shares of Honeywell International during the fourth quarter valued at approximately $149,000. Institutional investors own 75.91% of the company's stock.

Insiders Place Their Bets

In related news, CEO Lucian Boldea sold 42,149 shares of Honeywell International stock in a transaction dated Wednesday, August 27th. The stock was 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. The trade was a 80.31% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.20% of the company's stock.

Analyst Ratings Changes

A number of research firms recently commented on HON. Barclays increased their target price on Honeywell International from $258.00 to $265.00 and gave the company an "overweight" rating in a research note on Wednesday, July 9th. Royal Bank Of Canada reduced their price target 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. Citigroup boosted their price target 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. Wells Fargo & Company reduced their price target 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. Finally, Bank of America upgraded shares of Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 price target on the stock in a research report on Wednesday, May 7th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $254.00.

Honeywell International Stock Up 0.0%

Shares of NASDAQ HON traded up $0.10 during mid-day trading on Thursday, reaching $221.35. 2,600,222 shares of the company were exchanged, compared to its average volume of 3,138,028. The firm has a 50-day moving average of $226.87 and a 200 day moving average of $216.77. Honeywell International Inc. has a 1 year low of $179.36 and a 1 year high of $242.77. The stock has a market cap of $140.54 billion, a price-to-earnings ratio of 25.18, a P/E/G ratio of 2.50 and a beta of 1.08. 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 (NASDAQ:HON - Get Free Report) last announced its earnings results 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. Honeywell International had a return on equity of 37.37% and a net margin of 14.30%.The company had revenue of $10.35 billion for the quarter, compared to analyst estimates of $10.01 billion. During the same period in the prior year, the company posted $2.49 EPS. The firm's quarterly revenue was up 8.1% compared to the same quarter last year. 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 expect that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 5th. Shareholders of record on Friday, August 15th will be paid a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a yield of 2.0%. The ex-dividend date is Friday, August 15th. Honeywell International's payout ratio is presently 51.42%.

Honeywell International Company 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.