Honeywell International Inc. $HON Stake Lifted by UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC

Key Points

• UBS Asset Management increased its stake in Honeywell International by 7.2%, acquiring an additional 219,130 shares for a total of approximately $692.67 million.
• CEO Lucian Boldea sold 42,149 shares of Honeywell stock, marking an 80.31% decrease in his ownership, valued at around $9.34 million.
• Various firms have updated their price targets on Honeywell, with Citigroup raising theirs to $265.00 and Royal Bank of Canada lowering theirs to $253.00, indicating a range of investor sentiment.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Honeywell International Inc. (NASDAQ:HON - Free Report) by 7.2% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,271,181 shares of the conglomerate's stock after acquiring an additional 219,130 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned 0.51% of Honeywell International worth $692,673,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in HON. Brighton Jones LLC increased its position in shares of Honeywell International by 9.1% in the fourth quarter. Brighton Jones LLC now owns 19,047 shares of the conglomerate's stock valued at $4,302,000 after buying an additional 1,582 shares in the last quarter. MJP Associates Inc. ADV purchased a new stake in Honeywell International during the 4th quarter worth about $226,000. Minot DeBlois Advisors LLC purchased a new stake in Honeywell International during the 4th quarter worth about $787,000. Obermeyer Wealth Partners increased its position in Honeywell International by 5.6% during the 4th quarter. Obermeyer Wealth Partners now owns 1,820 shares of the conglomerate's stock worth $411,000 after purchasing an additional 96 shares in the last quarter. Finally, OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in Honeywell International during the 4th quarter worth about $7,567,000. Hedge funds and other institutional investors own 75.91% of the company's stock.

Insider Transactions at Honeywell International

In other news, CEO Lucian Boldea sold 42,149 shares of the business's stock in a transaction that occurred 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 in the company, valued at approximately $2,289,807.72. The trade was a 80.31% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.20% of the stock is owned by corporate insiders.

Honeywell International Stock Down 1.8%

HON stock traded down $3.85 during midday trading on Friday, hitting $211.46. 3,168,914 shares of the company's stock were exchanged, compared to its average volume of 3,259,496. The company has a current ratio of 1.29, a quick ratio of 0.97 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 firm has a 50 day moving average price of $223.41 and a 200-day moving average price of $217.41. The stock has a market capitalization of $134.26 billion, a price-to-earnings ratio of 24.06, a price-to-earnings-growth ratio of 2.43 and a beta of 1.05.

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 (EPS) for the quarter, topping the consensus estimate of $2.66 by $0.09. Honeywell International had a return on equity of 37.37% and a net margin of 14.30%.The company had revenue of $10.35 billion for the quarter, compared to the consensus estimate of $10.01 billion. During the same period in the previous year, the business earned $2.49 EPS. Honeywell International's revenue for the quarter was up 8.1% compared to the same quarter last year. Honeywell International has set its FY 2025 guidance at 10.450-10.650 EPS. Q3 2025 guidance at 2.500-2.600 EPS. On average, analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 5th. Shareholders of record on Friday, August 15th were issued a dividend of $1.13 per share. The ex-dividend date was Friday, August 15th. This represents a $4.52 annualized dividend and a yield of 2.1%. Honeywell International's payout ratio is currently 51.42%.

Analyst Upgrades and Downgrades

HON has been the subject of several recent analyst reports. Citigroup lifted their price target on Honeywell International from $242.00 to $265.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. Barclays lifted their price target on Honeywell International from $258.00 to $265.00 and gave the company an "overweight" rating in a report on Wednesday, July 9th. Wells Fargo & Company lowered their price target on Honeywell International from $240.00 to $230.00 and set an "equal weight" rating for the company in a report on Friday, July 25th. Morgan Stanley lifted their price target on Honeywell International from $225.00 to $245.00 and gave the company an "equal weight" rating in a report on Monday, July 28th. Finally, JPMorgan Chase & Co. lifted their price target on Honeywell International from $182.00 to $217.00 and gave the company a "neutral" rating in a report on Friday, May 16th. One 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 stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $254.00.

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.