First Manhattan CO. LLC. Purchases 126,023 Shares of Honeywell International Inc. $HON

Key Points

• First Manhattan CO. LLC. increased its stake in Honeywell International Inc. by 9.1% in Q1, now holding approximately 1.51 million shares valued at $320.25 million.
• Honeywell reported $2.75 EPS for the last quarter, exceeding estimates, with revenue of $10.35 billion, reflecting an 8.1% year-over-year increase.
• The company declared a quarterly dividend of $1.13 per share, with a yield of 2.1% and a payout ratio of 51.42%.

First Manhattan CO. LLC. lifted its holdings in Honeywell International Inc. (NASDAQ:HON - Free Report) by 9.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,512,388 shares of the conglomerate's stock after buying an additional 126,023 shares during the period. Honeywell International comprises approximately 0.9% of First Manhattan CO. LLC.'s portfolio, making the stock its 20th biggest position. First Manhattan CO. LLC. owned about 0.24% of Honeywell International worth $320,248,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Mpwm Advisory Solutions LLC acquired a new stake in shares of Honeywell International in the fourth quarter worth $29,000. Accredited Wealth Management LLC acquired a new stake in shares of Honeywell International in the fourth quarter worth $34,000. Pandora Wealth Inc. acquired a new stake in shares of Honeywell International in the first quarter worth $33,000. Banque de Luxembourg S.A. acquired a new stake in shares of Honeywell International in the fourth quarter worth $38,000. Finally, 1248 Management LLC acquired a new stake in Honeywell International during the first quarter valued at $38,000. Institutional investors and hedge funds own 75.91% of the company's stock.

Honeywell International Stock Up 0.5%

NASDAQ HON traded up $1.16 during trading on Thursday, hitting $215.16. 4,546,137 shares of the company traded hands, compared to its average volume of 4,006,272. Honeywell International Inc. has a 12 month low of $179.36 and a 12 month high of $242.77. The business has a fifty day simple moving average of $226.41 and a 200 day simple moving average of $217.21. The company has a current ratio of 1.29, a quick ratio of 0.97 and a debt-to-equity ratio of 1.81. The company has a market capitalization of $136.61 billion, a P/E ratio of 24.48, a PEG ratio of 2.48 and a beta of 1.05.

Honeywell International (NASDAQ:HON - Get Free Report) last posted its 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. The company had revenue of $10.35 billion for the quarter, compared to analyst estimates of $10.01 billion. Honeywell International had a return on equity of 37.37% and a net margin of 14.30%.The business's revenue was up 8.1% compared to the same quarter last year. During the same period last year, the company earned $2.49 earnings per share. 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, sell-side analysts predict that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Stockholders of record on Friday, August 15th will be paid a $1.13 dividend. The ex-dividend date is Friday, August 15th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.1%. Honeywell International's payout ratio is presently 51.42%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on HON shares. Barclays lifted their price objective on Honeywell International from $258.00 to $265.00 and gave the company an "overweight" rating in a research report on Wednesday, July 9th. Citigroup lifted their price objective on Honeywell International from $242.00 to $265.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Morgan Stanley lifted their price objective 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 objective on Honeywell International from $182.00 to $217.00 and gave the company a "neutral" rating in a research report on Friday, May 16th. Finally, Wells Fargo & Company reduced their price objective 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. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, Honeywell International currently has a consensus 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 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 transaction, the chief executive officer directly owned 10,334 shares in the company, valued at approximately $2,289,807.72. The trade was a 80.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.41% of the company's stock.

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.