Goldman Sachs Group Inc. Boosts Stock Position in Honeywell International Inc. $HON

Key Points

• Goldman Sachs Group Inc. increased its stake in Honeywell International by 9.1%, now owning approximately 6,038,080 shares, valued at over $1.27 billion.
• Honeywell reported a quarterly earnings of $2.75 per share, surpassing expectations and indicating an 8.1% increase in revenue year-over-year.
• The company announced a quarterly dividend of $1.13 per share, leading to an annualized yield of 2.1% with a payout ratio of 51.42%.

Goldman Sachs Group Inc. lifted its holdings in shares of 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 and Exchange Commission (SEC). The institutional investor owned 6,038,080 shares of the conglomerate's stock after acquiring an additional 505,083 shares during the period. Goldman Sachs Group Inc. owned approximately 0.94% of Honeywell International worth $1,278,563,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Maia Wealth LLC increased its holdings in Honeywell International by 4.1% during the 1st quarter. Maia Wealth LLC now owns 1,189 shares of the conglomerate's stock worth $238,000 after purchasing an additional 47 shares in the last quarter. Kirtland Hills Capital Management LLC boosted its position in shares of Honeywell International by 1.1% during the first quarter. Kirtland Hills Capital Management LLC now owns 4,424 shares of the conglomerate's stock valued at $870,000 after buying an additional 48 shares during the last quarter. Sound View Wealth Advisors Group LLC grew its holdings in Honeywell International by 0.6% during the first quarter. Sound View Wealth Advisors Group LLC now owns 8,769 shares of the conglomerate's stock worth $1,857,000 after buying an additional 48 shares in the last quarter. Gateway Wealth Partners LLC raised its position in Honeywell International by 2.5% in the 1st quarter. Gateway Wealth Partners LLC now owns 2,044 shares of the conglomerate's stock valued at $433,000 after buying an additional 49 shares during the last quarter. Finally, Cetera Trust Company N.A raised its position in Honeywell International by 0.5% in the 1st quarter. Cetera Trust Company N.A now owns 10,475 shares of the conglomerate's stock valued at $2,218,000 after buying an additional 50 shares during the last quarter. Institutional investors own 75.91% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on HON. JPMorgan Chase & Co. upped their target price on shares of Honeywell International from $182.00 to $217.00 and gave the stock a "neutral" rating in a research note on Friday, May 16th. Wells Fargo & Company cut their price target on shares of Honeywell International from $240.00 to $230.00 and set an "equal weight" rating on the stock in a report on Friday, July 25th. Barclays increased their price objective on shares of Honeywell International from $258.00 to $265.00 and gave the company an "overweight" rating in a research note on Wednesday, July 9th. Mizuho lifted their target price on shares of Honeywell International from $235.00 to $250.00 and gave the stock an "outperform" rating in a research report on Friday, May 16th. Finally, Royal Bank Of Canada reduced their target price on Honeywell International from $254.00 to $253.00 and set a "sector perform" rating for the company in a report on Friday, July 25th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, Honeywell International presently has a consensus rating of "Moderate Buy" and an average target price of $254.00.

Honeywell International Stock Performance

HON traded down $2.50 during midday trading on Wednesday, reaching $211.70. The company had a trading volume of 4,285,161 shares, compared to its average volume of 3,096,218. Honeywell International Inc. has a 12-month low of $179.36 and a 12-month high of $242.77. The business has a 50-day moving average price of $225.04 and a two-hundred day moving average price of $217.42. The stock has a market cap of $134.41 billion, a PE ratio of 20.78, a P/E/G ratio of 2.42 and a beta of 1.05. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.97 and a current ratio of 1.29.

Honeywell International (NASDAQ:HON - Get Free Report) last posted its quarterly 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 net margin of 14.30% and a return on equity of 37.37%. The company had revenue of $10.35 billion for the quarter, compared to analysts' expectations of $10.01 billion. During the same quarter in the previous year, the firm posted $2.49 EPS. Honeywell International'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, sell-side analysts expect that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The company also recently declared 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. The ex-dividend date was Friday, August 15th. This represents a $4.52 annualized dividend and a dividend yield of 2.1%. Honeywell International's dividend payout ratio is presently 51.42%.

Insiders Place Their Bets

In related 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 completion of the sale, the chief executive officer owned 10,334 shares of the company's stock, valued at approximately $2,289,807.72. This trade represents a 80.31% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.20% 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.