IFM Investors Pty Ltd Acquires 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 lifted its stake in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 13.6% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 64,111 shares of the conglomerate's stock after purchasing 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 SEC filing.

Several other large investors also recently modified their holdings of HON. Pandora Wealth Inc. acquired a new stake in shares of Honeywell International during the 1st quarter worth approximately $33,000. 1248 Management LLC acquired a new stake in shares of Honeywell International in the 1st quarter valued at $38,000. Stone House Investment Management LLC acquired a new stake in shares of Honeywell International in the 1st quarter valued at $41,000. Quarry LP acquired a new stake in Honeywell International in the first quarter valued at about $41,000. Finally, Garde Capital Inc. acquired a new stake in Honeywell International in the first quarter valued at about $42,000. 75.91% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Honeywell International

In other 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 transaction of $9,339,375.42. Following 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.41% of the company's stock.

Honeywell International Trading Down 0.1%

Shares of NASDAQ HON traded down $0.22 during midday trading on Monday, reaching $209.15. The stock had a trading volume of 2,566,209 shares, compared to its average volume of 4,045,499. The firm has a market cap of $132.79 billion, a price-to-earnings ratio of 23.79, a price-to-earnings-growth ratio of 2.36 and a beta of 1.05. Honeywell International Inc. has a twelve month low of $179.36 and a twelve month high of $242.77. 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's 50 day moving average price is $220.67 and its 200 day moving average price is $217.49.

Honeywell International (NASDAQ:HON - Get Free Report) last released its earnings results on Thursday, July 24th. The conglomerate reported $2.75 earnings per share (EPS) for the quarter, beating the consensus estimate 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 net margin of 14.30% and a return on equity of 37.37%. Honeywell International's revenue for the quarter was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the business 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 expect that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Dividend Announcement

The business 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. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date was Friday, August 15th. Honeywell International's payout ratio is presently 51.42%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on HON shares. Wells Fargo & Company reduced 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 research note on Friday, July 25th. Morgan Stanley raised 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 report on Monday, July 28th. Royal Bank Of Canada cut their target price on shares of Honeywell International from $254.00 to $253.00 and set a "sector perform" rating on the stock in a research report on Friday, July 25th. Citigroup raised their price objective on Honeywell International from $242.00 to $265.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. Finally, 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. 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's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $254.00.

Honeywell International Company 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.