20,000 Shares in Honeywell International Inc. $HON Purchased by Graham Capital Management L.P.

Key Points

• Graham Capital Management L.P. has acquired a new position in Honeywell International Inc., purchasing 20,000 shares valued at approximately $4.24 million.
• Several analysts have raised their price targets for Honeywell International, with Mizuho increasing its target from $235 to $250 and Citigroup lifting theirs from $242 to $265.
• The company's recent earnings report revealed an EPS of $2.75, surpassing analyst expectations, alongside an annualized dividend of $4.52 with a yield of 2.1%.

Graham Capital Management L.P. acquired a new position in Honeywell International Inc. (NASDAQ:HON - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 20,000 shares of the conglomerate's stock, valued at approximately $4,235,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Retirement Planning Co of New England Inc. lifted its position in shares of Honeywell International by 19.6% during the 1st quarter. Retirement Planning Co of New England Inc. now owns 4,185 shares of the conglomerate's stock valued at $886,000 after buying an additional 685 shares in the last quarter. Caption Management LLC lifted its position in shares of Honeywell International by 112.3% during the 1st quarter. Caption Management LLC now owns 27,079 shares of the conglomerate's stock valued at $5,734,000 after buying an additional 246,879 shares in the last quarter. Quarry LP purchased a new position in shares of Honeywell International during the 1st quarter valued at approximately $41,000. Calton & Associates Inc. lifted its position in shares of Honeywell International by 30.9% during the 1st quarter. Calton & Associates Inc. now owns 1,926 shares of the conglomerate's stock valued at $408,000 after buying an additional 455 shares in the last quarter. Finally, Saudi Central Bank purchased a new position in shares of Honeywell International during the 1st quarter valued at approximately $54,000. Hedge funds and other institutional investors own 75.91% of the company's stock.

Insider Activity

In other Honeywell International news, CEO Lucian Boldea sold 42,149 shares of the firm's stock in a transaction on 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 directly owned 10,334 shares of the company's stock, valued at $2,289,807.72. This trade represents a 80.31% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.41% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on HON. Mizuho increased their target price on Honeywell International from $235.00 to $250.00 and gave the company an "outperform" rating in a research report on Friday, May 16th. Wells Fargo & Company decreased their target price 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. Citigroup increased 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. Barclays raised their price objective on Honeywell International from $258.00 to $265.00 and gave the company an "overweight" rating in a report on Wednesday, July 9th. Finally, Bank of America upgraded Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 price objective on the stock in a report on Wednesday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $254.00.

Honeywell International Trading Up 0.5%

Shares of HON traded up $1.16 during midday trading on Thursday, reaching $215.16. The company had a trading volume of 4,546,137 shares, compared to its average volume of 4,006,272. Honeywell International Inc. has a 1-year low of $179.36 and a 1-year high of $242.77. The stock has a market cap of $136.61 billion, a PE ratio of 24.48, a price-to-earnings-growth ratio of 2.48 and a beta of 1.05. The firm has a 50 day simple moving average of $226.41 and a 200-day simple moving average of $217.21. The company has a quick ratio of 0.97, a current ratio of 1.29 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 earnings per share (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 business had revenue of $10.35 billion during the quarter, compared to the consensus estimate of $10.01 billion. During the same period last year, the company earned $2.49 EPS. The company'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. Research analysts forecast that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Dividend Announcement

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 paid a $1.13 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.1%. Honeywell International's dividend payout ratio (DPR) is 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.