Great Lakes Advisors LLC Has $61.48 Million Stock Holdings in Honeywell International Inc. $HON

Key Points

• Great Lakes Advisors LLC reduced its holdings in Honeywell International Inc. by 1.0% during the first quarter, now owning 290,509 shares valued at approximately $61.48 million.
• Several institutional investors have recently acquired stakes in Honeywell, with institutional ownership now at 75.91% of the stock.
• Honeywell reported better-than-expected earnings of $2.75 per share for the last quarter, exceeding the consensus estimate of $2.66 and reflecting a revenue increase of 8.1% year over year.

Great Lakes Advisors LLC cut its holdings in Honeywell International Inc. (NASDAQ:HON - Free Report) by 1.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 290,509 shares of the conglomerate's stock after selling 3,048 shares during the quarter. Great Lakes Advisors LLC's holdings in Honeywell International were worth $61,483,000 at the end of the most recent quarter.

Other institutional investors and hedge funds 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. Pandora Wealth Inc. acquired a new stake in shares of Honeywell International in the first quarter worth $33,000. 1248 Management LLC acquired a new stake in shares of Honeywell International in the first quarter worth $38,000. Quarry LP acquired a new stake in shares of Honeywell International in the first quarter worth $41,000. Finally, Stone House Investment Management LLC acquired a new stake in shares of Honeywell International in the first quarter worth $41,000. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on HON. Royal Bank Of Canada reduced their price objective on shares of Honeywell International from $254.00 to $253.00 and set a "sector perform" rating for the company in a research note on Friday, July 25th. JPMorgan Chase & Co. boosted their price objective 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. Barclays boosted their price objective on shares of Honeywell International from $258.00 to $265.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 9th. Citigroup upped their target price on shares of Honeywell International from $242.00 to $265.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. Finally, Morgan Stanley upped their target price on shares of Honeywell International from $225.00 to $245.00 and gave the company an "equal weight" rating in a research note on Monday, July 28th. One investment 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's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $254.00.

Honeywell International Price Performance

NASDAQ:HON opened at $214.25 on Monday. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.97 and a current ratio of 1.29. The company has a 50-day moving average of $225.90 and a 200-day moving average of $217.42. Honeywell International Inc. has a 52 week low of $179.36 and a 52 week high of $242.77. The company has a market capitalization of $136.03 billion, a price-to-earnings ratio of 24.37, a PEG ratio of 2.42 and a beta of 1.05.

Honeywell International (NASDAQ:HON - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The conglomerate reported $2.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.66 by $0.09. The firm had revenue of $10.35 billion during the quarter, compared to analyst estimates of $10.01 billion. Honeywell International had a net margin of 14.30% and a return on equity of 37.37%. The company's quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $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, equities research analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 5th. Investors of record on Friday, August 15th were given a dividend of $1.13 per share. The ex-dividend date was 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%.

Insider Activity

In related 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 sale, the chief executive officer owned 10,334 shares in the company, valued at $2,289,807.72. This trade represents a 80.31% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.41% of the stock is owned by company insiders.

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.

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