IFM Investors Pty Ltd Buys 7,684 Shares of Honeywell International Inc. $HON

Key Points

• IFM Investors Pty Ltd increased its stake in Honeywell International by 13.6%, owning 64,111 shares valued at approximately $14.93 million as of the latest SEC filing.
• Recent analyst updates indicate a range of price target adjustments for Honeywell stock, with Citigroup raising their target from $242 to $265 and Royal Bank of Canada lowering it from $254 to $253.
• Honeywell International reported $2.75 earnings per share for the latest quarter, surpassing analyst expectations, with a yearly revenue increase of 8.1% from the previous year.

IFM Investors Pty Ltd raised its holdings in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 13.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 64,111 shares of the conglomerate's stock after acquiring an additional 7,684 shares during the quarter. IFM Investors Pty Ltd's holdings in Honeywell International were worth $14,930,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of HON. Brighton Jones LLC boosted its holdings in Honeywell International by 9.1% in the fourth quarter. Brighton Jones LLC now owns 19,047 shares of the conglomerate's stock worth $4,302,000 after purchasing an additional 1,582 shares during the period. Novem Group acquired a new position in Honeywell International in the fourth quarter worth $270,000. Mosaic Family Wealth Partners LLC acquired a new position in Honeywell International in the fourth quarter worth $203,000. Vise Technologies Inc. boosted its holdings in Honeywell International by 86.4% in the fourth quarter. Vise Technologies Inc. now owns 9,881 shares of the conglomerate's stock worth $2,232,000 after purchasing an additional 4,581 shares during the period. Finally, Breed s Hill Capital LLC acquired a new position in Honeywell International in the fourth quarter worth $293,000. 75.91% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently issued reports on HON shares. Barclays boosted their price target on shares of Honeywell International from $258.00 to $265.00 and gave the company an "overweight" rating in a report on Wednesday, July 9th. Morgan Stanley boosted their price target on shares of Honeywell International from $225.00 to $245.00 and gave the company an "equal weight" rating in a report on Monday, July 28th. Citigroup boosted their price target on shares of Honeywell International from $242.00 to $265.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. 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 report on Friday, July 25th. Finally, Wells Fargo & Company reduced their price objective on shares of Honeywell International from $240.00 to $230.00 and set an "equal weight" rating for the company in a 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 issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $254.00.

Honeywell International Trading Up 0.3%

NASDAQ HON traded up $0.61 on Tuesday, reaching $209.61. The stock had a trading volume of 914,782 shares, compared to its average volume of 4,040,960. The firm has a market capitalization of $133.08 billion, a price-to-earnings ratio of 23.86, a P/E/G ratio of 2.36 and a beta of 1.05. 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 Inc. has a 12-month low of $179.36 and a 12-month high of $242.77. The stock has a fifty day moving average price of $220.09 and a two-hundred day moving average price of $217.46.

Honeywell International (NASDAQ:HON - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The conglomerate reported $2.75 earnings per share for the quarter, topping analysts' consensus estimates of $2.66 by $0.09. The business 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 company's revenue was up 8.1% on a year-over-year basis. During the same quarter in the prior 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 forecast that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Announces Dividend

The business also recently disclosed 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 of this dividend was Friday, August 15th. This represents a $4.52 annualized dividend and a dividend yield of 2.2%. Honeywell International's payout ratio is currently 51.42%.

Insider Activity

In other Honeywell International news, CEO Lucian Boldea sold 42,149 shares of the company's stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $221.58, for a total value of $9,339,375.42. Following the completion of the transaction, the chief executive officer owned 10,334 shares in the company, valued at approximately $2,289,807.72. This represents a 80.31% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company 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.