Federation des caisses Desjardins du Quebec Increases Stake in Honeywell International Inc. $HON

Key Points

• The Federation des caisses Desjardins du Quebec increased its stake in Honeywell International Inc. by 18.7% in Q1, raising its total to 24,755 shares valued at approximately $5.24 million.
• Honeywell's earnings report revealed an EPS of $2.75 for the quarter, surpassing estimates and indicating an 8.1% revenue increase year-over-year.
• Several analysts have raised their price targets for Honeywell, with Barclays setting a new target of $265.00, reflecting positive sentiment in the stock's performance.

Federation des caisses Desjardins du Quebec grew its holdings in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 18.7% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 24,755 shares of the conglomerate's stock after buying an additional 3,908 shares during the period. Federation des caisses Desjardins du Quebec's holdings in Honeywell International were worth $5,242,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of HON. Brighton Jones LLC boosted its holdings in shares of Honeywell International by 9.1% during the 4th quarter. Brighton Jones LLC now owns 19,047 shares of the conglomerate's stock worth $4,302,000 after buying an additional 1,582 shares in the last quarter. CoreCap Advisors LLC lifted its holdings in shares of Honeywell International by 7.6% in the 4th quarter. CoreCap Advisors LLC now owns 3,105 shares of the conglomerate's stock worth $701,000 after purchasing an additional 220 shares in the last quarter. Clearline Capital LP bought a new position in shares of Honeywell International in the 4th quarter worth $2,718,000. Cladis Investment Advisory LLC lifted its holdings in shares of Honeywell International by 2.0% in the 4th quarter. Cladis Investment Advisory LLC now owns 4,508 shares of the conglomerate's stock worth $1,018,000 after purchasing an additional 88 shares in the last quarter. Finally, Clark Capital Management Group Inc. lifted its holdings in shares of Honeywell International by 1.4% in the 4th quarter. Clark Capital Management Group Inc. now owns 10,206 shares of the conglomerate's stock worth $2,305,000 after purchasing an additional 142 shares in the last quarter. 75.91% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Wells Fargo & Company cut their target price on Honeywell International from $240.00 to $230.00 and set an "equal weight" rating on the stock in a report on Friday, July 25th. Citigroup increased their target price on Honeywell International from $242.00 to $265.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Morgan Stanley increased their target price on Honeywell International from $225.00 to $245.00 and gave the stock an "equal weight" rating in a report on Monday, July 28th. JPMorgan Chase & Co. increased their target price on Honeywell International from $182.00 to $217.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. Finally, Wall Street Zen upgraded Honeywell International from a "hold" rating to a "buy" rating in a report on Thursday, May 15th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, Honeywell International currently has an average rating of "Moderate Buy" and a consensus target price of $254.00.

Insider Activity at Honeywell International

In other news, CEO Lucian Boldea sold 42,149 shares of Honeywell International 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 sale, the chief executive officer directly owned 10,334 shares in the company, valued at $2,289,807.72. The trade was a 80.31% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.41% of the stock is owned by insiders.

Honeywell International Stock Performance

Shares of HON traded down $0.91 on Friday, reaching $214.25. 4,104,308 shares of the company's stock traded hands, compared to its average volume of 3,058,853. The stock's 50 day simple moving average is $225.90 and its two-hundred day simple moving average is $217.38. The stock 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 Inc. has a 52-week low of $179.36 and a 52-week high of $242.77. 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 announced 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. 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 quarter in the prior year, the company earned $2.49 EPS. The business's revenue for the quarter 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, analysts forecast that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 5th. Stockholders of record on Friday, August 15th were paid a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date was Friday, August 15th. Honeywell International's 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.