Gateway Investment Advisers LLC Sells 1,934 Shares of Honeywell International Inc. $HON

Key Points

• Gateway Investment Advisers LLC has reduced its stake in Honeywell International Inc. by 0.8%, now holding 233,631 shares valued at approximately $54.41 million.
• Institutional investors own 75.91% of Honeywell's stock, with firms like Amundi and Red Door Wealth Management recently increasing their holdings.
• Honeywell International's recent quarterly earnings surpassed analyst expectations, reporting a profit of $2.75 EPS compared to forecasts of $2.66.

Gateway Investment Advisers LLC reduced its stake in Honeywell International Inc. (NASDAQ:HON - Free Report) by 0.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 233,631 shares of the conglomerate's stock after selling 1,934 shares during the period. Gateway Investment Advisers LLC's holdings in Honeywell International were worth $54,408,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Mpwm Advisory Solutions LLC purchased a new position in Honeywell International in the 4th quarter worth about $29,000. Pandora Wealth Inc. bought a new stake in shares of Honeywell International in the first quarter worth approximately $33,000. 1248 Management LLC purchased a new position in shares of Honeywell International during the first quarter valued at approximately $38,000. Stone House Investment Management LLC purchased a new stake in Honeywell International in the first quarter worth approximately $41,000. Finally, Quarry LP bought a new stake in Honeywell International in the 1st quarter worth approximately $41,000. Hedge funds and other institutional investors own 75.91% of the company's stock.

Honeywell International Stock Performance

Shares of HON stock traded down $0.83 during trading hours on Friday, hitting $209.37. The company's stock had a trading volume of 11,004,750 shares, compared to its average volume of 3,468,831. The stock has a market cap of $132.93 billion, a PE ratio of 23.82, a price-to-earnings-growth ratio of 2.37 and a beta of 1.05. The company has a 50 day moving average of $220.67 and a 200 day moving average of $217.40. Honeywell International Inc. has a 12-month low of $179.36 and a 12-month 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 issued its earnings results on Thursday, July 24th. The conglomerate reported $2.75 EPS for the quarter, topping 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 for the quarter, compared to the consensus estimate of $10.01 billion. During the same quarter in the prior year, the business earned $2.49 earnings per share. The company's 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, sell-side analysts forecast that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 5th. Shareholders of record on Friday, August 15th were paid a dividend of $1.13 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $4.52 dividend on an annualized basis and a yield of 2.2%. Honeywell International's payout ratio is 51.42%.

Insiders Place Their Bets

In other Honeywell International news, CEO Lucian Boldea sold 42,149 shares of the 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 owned 10,334 shares of the company's stock, valued at $2,289,807.72. This trade represents a 80.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.20% of the stock is owned by insiders.

Wall Street Analyst Weigh In

HON has been the topic of several analyst reports. Citigroup lifted their target price 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 raised their price objective on shares of Honeywell International from $225.00 to $245.00 and gave the company an "equal weight" rating in a research report on Monday, July 28th. Wells Fargo & Company lowered their price objective on 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. Royal Bank Of Canada cut their target price 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 upped their price target on Honeywell International from $258.00 to $265.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 9th. One investment 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. According to data from MarketBeat.com, Honeywell International presently has a consensus rating of "Moderate Buy" and a consensus price target of $254.00.

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.