Ethic Inc. Raises Stake in Honeywell International Inc. $HON

Key Points

• Ethic Inc. increased its stake in Honeywell International by 33.9% in Q1, holding a total of 20,335 shares valued at approximately $4.34 million.
• Honeywell reported a quarterly EPS of $2.75, exceeding estimates, with revenue of $10.35 billion, reflecting an 8.1% year-over-year growth.
• Recent analyst ratings for Honeywell show a consensus of "Moderate Buy" with an average target price of $254.00, with various brokerage price targets ranging from $217.00 to $265.00.

Ethic Inc. increased its position in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 33.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,335 shares of the conglomerate's stock after purchasing an additional 5,143 shares during the period. Ethic Inc.'s holdings in Honeywell International were worth $4,341,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Mpwm Advisory Solutions LLC acquired a new stake in shares of Honeywell International during the fourth quarter valued at about $29,000. Accredited Wealth Management LLC acquired a new stake in shares of Honeywell International during the fourth quarter valued at about $34,000. Pandora Wealth Inc. acquired a new stake in shares of Honeywell International during the first quarter valued at about $33,000. Banque de Luxembourg S.A. acquired a new stake in shares of Honeywell International during the fourth quarter valued at about $38,000. Finally, Stone House Investment Management LLC acquired a new stake in shares of Honeywell International during the first quarter valued at about $41,000. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. Citigroup raised their price objective on shares of Honeywell International from $242.00 to $265.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. Barclays lifted their price target on shares of Honeywell International from $258.00 to $265.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 9th. Bank of America upgraded shares of Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 price objective for the company in a research report on Wednesday, May 7th. Wall Street Zen raised shares of Honeywell International from a "hold" rating to a "buy" rating in a report on Thursday, May 15th. Finally, Mizuho lifted their target price on shares of Honeywell International from $235.00 to $250.00 and gave the company an "outperform" rating in a report on Friday, May 16th. One 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's stock. According to MarketBeat.com, Honeywell International presently has an average rating of "Moderate Buy" and an average target price of $254.00.

Honeywell International Stock Performance

HON traded up $0.26 during trading on Wednesday, hitting $217.00. The stock had a trading volume of 4,060,412 shares, compared to its average volume of 4,068,011. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.97 and a current ratio of 1.29. The firm has a market capitalization of $137.77 billion, a P/E ratio of 24.69, a PEG ratio of 2.44 and a beta of 1.08. The company's 50-day moving average price is $227.31 and its 200 day moving average price is $216.62. Honeywell International Inc. has a twelve month low of $179.36 and a twelve month high of $242.77.

Honeywell International (NASDAQ:HON - Get Free Report) last announced its quarterly earnings data 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. The company had revenue of $10.35 billion for 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 revenue was up 8.1% compared to the same quarter last year. During the same period in the previous year, the company posted $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, equities research analysts forecast that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 5th. Shareholders of record on Friday, August 15th will be given a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a dividend yield of 2.1%. The ex-dividend date is Friday, August 15th. Honeywell International's payout ratio is presently 51.42%.

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.