Edmond DE Rothschild Holding S.A. Boosts Stock Holdings in Honeywell International Inc. $HON

Key Points

• Edmond DE Rothschild Holding S.A. increased its holdings in Honeywell International Inc. by 2.9%, owning 47,869 shares valued at approximately $10.14 million.
• Several institutional investors, including Nuveen LLC and GAMMA Investing LLC, have significantly increased their stakes in Honeywell, indicating strong interest among hedge funds.
• Honeywell International reported earnings of $2.75 per share for the latest quarter, beating estimates, and declared a quarterly dividend of $1.13, yielding 2.1% annually.

Edmond DE Rothschild Holding S.A. increased its holdings in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 2.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 47,869 shares of the conglomerate's stock after acquiring an additional 1,327 shares during the quarter. Edmond DE Rothschild Holding S.A.'s holdings in Honeywell International were worth $10,136,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Maia Wealth LLC raised its stake in shares of Honeywell International by 4.1% in the first quarter. Maia Wealth LLC now owns 1,189 shares of the conglomerate's stock valued at $238,000 after buying an additional 47 shares during the period. Kirtland Hills Capital Management LLC grew its position in shares of Honeywell International by 1.1% in the first quarter. Kirtland Hills Capital Management LLC now owns 4,424 shares of the conglomerate's stock valued at $870,000 after purchasing an additional 48 shares in the last quarter. Sound View Wealth Advisors Group LLC grew its position in shares of Honeywell International by 0.6% in 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 purchasing an additional 48 shares in the last quarter. Gateway Wealth Partners LLC grew its position in shares of Honeywell International by 2.5% in the first quarter. Gateway Wealth Partners LLC now owns 2,044 shares of the conglomerate's stock valued at $433,000 after purchasing an additional 49 shares in the last quarter. Finally, Cetera Trust Company N.A grew its position in shares of Honeywell International by 0.5% in the first quarter. Cetera Trust Company N.A now owns 10,475 shares of the conglomerate's stock valued at $2,218,000 after purchasing an additional 50 shares in the last quarter. 75.91% of the stock is currently owned by institutional investors.

Insider Transactions at Honeywell International

In other news, CEO Lucian Boldea sold 42,149 shares of the company's stock in a transaction dated Wednesday, August 27th. The shares were 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 of the company's stock, valued at approximately $2,289,807.72. This represents a 80.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.41% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages have recently weighed in on HON. Morgan Stanley lifted their price target on Honeywell International from $225.00 to $245.00 and gave the company an "equal weight" rating in a research report on Monday, July 28th. JPMorgan Chase & Co. lifted their price target on Honeywell International from $182.00 to $217.00 and gave the company a "neutral" rating in a research report on Friday, May 16th. Wells Fargo & Company reduced their price target on Honeywell International from $240.00 to $230.00 and set an "equal weight" rating for the company in a research report on Friday, July 25th. Royal Bank Of Canada reduced their price target on Honeywell International from $254.00 to $253.00 and set a "sector perform" rating for the company in a research report on Friday, July 25th. Finally, Barclays boosted their target price on Honeywell International from $258.00 to $265.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and eight have assigned a Hold rating to the company's stock. According to data from MarketBeat, Honeywell International currently has a consensus rating of "Moderate Buy" and a consensus target price of $254.00.

Honeywell International Price Performance

Shares of HON stock traded down $0.91 during trading hours on Friday, hitting $214.25. 4,104,308 shares of the company's stock were exchanged, compared to its average volume of 3,058,853. Honeywell International Inc. has a 12-month low of $179.36 and a 12-month high of $242.77. The company has a market capitalization of $136.03 billion, a PE ratio of 24.37, a PEG ratio of 2.42 and a beta of 1.05. The business's 50 day simple moving average is $225.90 and its 200-day simple moving average is $217.42. The company has a current ratio of 1.29, a quick ratio of 0.97 and a debt-to-equity ratio of 1.81.

Honeywell International (NASDAQ:HON - Get Free Report) last posted its quarterly 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 net margin of 14.30% and a return on equity of 37.37%. The business had revenue of $10.35 billion during the quarter, compared to analyst estimates of $10.01 billion. During the same period in the prior year, the business posted $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. On average, equities research analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Announces Dividend

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