Maple Capital Management Inc. Has $32.06 Million Holdings in Honeywell International Inc. $HON

Key Points

• Maple Capital Management Inc. has increased its stake in Honeywell International, owning 151,423 shares, which constitutes approximately 2.5% of its investment portfolio.
• Analysts have raised their price targets for Honeywell International, with Barclays increasing it from $258.00 to $265.00 and JPMorgan from $182.00 to $217.00, indicating positive sentiment towards the stock.
• Honeywell International reported $2.75 earnings per share for the recent quarter, exceeding analysts' expectations and reflecting an 8.1% increase in revenue compared to the same period last year.

Maple Capital Management Inc. lifted its stake in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 0.9% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 151,423 shares of the conglomerate's stock after acquiring an additional 1,406 shares during the quarter. Honeywell International comprises approximately 2.5% of Maple Capital Management Inc.'s holdings, making the stock its 15th largest position. Maple Capital Management Inc.'s holdings in Honeywell International were worth $32,064,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Mpwm Advisory Solutions LLC bought a new position in Honeywell International in the 4th quarter worth approximately $29,000. Pandora Wealth Inc. acquired a new stake in shares of Honeywell International in the first quarter worth $33,000. 1248 Management LLC bought a new position in Honeywell International during the first quarter worth $38,000. Stone House Investment Management LLC acquired a new position in Honeywell International during the 1st quarter valued at $41,000. Finally, Quarry LP bought a new stake in Honeywell International in the 1st quarter valued at $41,000. Institutional investors own 75.91% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on HON. Citigroup increased 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. Royal Bank Of Canada reduced their price objective on Honeywell International from $254.00 to $253.00 and set a "sector perform" rating for the company in a research report on Friday, July 25th. Morgan Stanley lifted their price objective on Honeywell International from $225.00 to $245.00 and gave the stock an "equal weight" rating in a report on Monday, July 28th. Barclays lifted their price objective on Honeywell International from $258.00 to $265.00 and gave the stock an "overweight" rating in a report on Wednesday, July 9th. Finally, Wells Fargo & Company decreased their price objective on Honeywell International from $240.00 to $230.00 and set an "equal weight" rating on the stock 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 assigned a Hold rating to the company. Based on data from MarketBeat.com, Honeywell International presently has an average rating of "Moderate Buy" and an average price target of $254.00.

Insiders Place Their Bets

In related 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 transaction 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.20% of the stock is owned by corporate insiders.

Honeywell International Price Performance

HON stock traded down $3.85 during trading on Friday, hitting $211.46. The company had a trading volume of 3,168,914 shares, compared to its average volume of 3,280,895. The company has a fifty day moving average price of $223.41 and a two-hundred day moving average price of $217.49. The company has a current ratio of 1.29, a quick ratio of 0.97 and a debt-to-equity ratio of 1.81. The company has a market cap of $134.26 billion, a P/E ratio of 24.06, a P/E/G ratio of 2.39 and a beta of 1.05. Honeywell International Inc. has a fifty-two week low of $179.36 and a fifty-two week high of $242.77.

Honeywell International (NASDAQ:HON - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The conglomerate reported $2.75 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 return on equity of 37.37% and a net margin of 14.30%.Honeywell International's quarterly revenue was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.49 EPS. Honeywell International has set its FY 2025 guidance at 10.450-10.650 EPS. Q3 2025 guidance at 2.500-2.600 EPS. Equities research analysts expect that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 5th. Investors of record on Friday, August 15th were issued a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend was Friday, August 15th. Honeywell International's dividend payout ratio (DPR) is currently 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.