Honeywell International Inc. $HON Shares Purchased by Allstate Corp

Key Points

• Allstate Corp increased its stake in Honeywell International by 15.7% during Q1, holding 22,406 shares valued at approximately $4.74 million.
• Analysts have revised price targets for Honeywell, with Bank of America raising its target to $250.00 and Barclays also adjusting their target to $265.00, indicating positive sentiment around the stock.
• Honeywell International announced a quarterly dividend of $1.13 per share, with an upcoming payment date of September 5th, reflecting a 2.1% yield for shareholders.

Allstate Corp boosted its position in Honeywell International Inc. (NASDAQ:HON - Free Report) by 15.7% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 22,406 shares of the conglomerate's stock after purchasing an additional 3,042 shares during the quarter. Allstate Corp's holdings in Honeywell International were worth $4,744,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC grew its position 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 acquiring an additional 1,582 shares during the period. MGO One Seven LLC grew its holdings in shares of Honeywell International by 9.6% during the 4th quarter. MGO One Seven LLC now owns 8,753 shares of the conglomerate's stock worth $1,977,000 after purchasing an additional 767 shares during the period. J. Stern & Co. LLP increased its position in shares of Honeywell International by 19.5% during the 4th quarter. J. Stern & Co. LLP now owns 239,274 shares of the conglomerate's stock worth $54,050,000 after purchasing an additional 39,032 shares during the last quarter. Burling Wealth Partners LLC acquired a new position in Honeywell International in the fourth quarter valued at about $5,972,000. Finally, Integrated Wealth Concepts LLC lifted its position in Honeywell International by 3.3% in the fourth quarter. Integrated Wealth Concepts LLC now owns 25,587 shares of the conglomerate's stock valued at $5,780,000 after buying an additional 822 shares during the last quarter. Hedge funds and other institutional investors own 75.91% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on HON. Bank of America raised Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 price objective for the company in a research note on Wednesday, May 7th. Wells Fargo & Company decreased their price objective on Honeywell International from $240.00 to $230.00 and set an "equal weight" rating for the company in a research note on Friday, July 25th. JPMorgan Chase & Co. lifted their price objective on shares of Honeywell International from $182.00 to $217.00 and gave the stock a "neutral" rating in a research report on Friday, May 16th. Mizuho upped their target price on shares of Honeywell International from $235.00 to $250.00 and gave the company an "outperform" rating in a report on Friday, May 16th. Finally, Barclays boosted their target price 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 issued a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, Honeywell International has an average rating of "Moderate Buy" and a consensus price target of $254.00.

Honeywell International Price Performance

HON stock opened at $217.42 on Friday. The company has a quick ratio of 0.97, a current ratio of 1.29 and a debt-to-equity ratio of 1.81. The company has a market capitalization of $138.04 billion, a PE ratio of 24.73, a P/E/G ratio of 2.45 and a beta of 1.08. Honeywell International Inc. has a 52-week low of $179.36 and a 52-week high of $242.77. The stock's 50 day moving average is $226.97 and its two-hundred day moving average is $216.59.

Honeywell International (NASDAQ:HON - Get Free Report) last issued 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 business had revenue of $10.35 billion during the quarter, compared to the consensus estimate of $10.01 billion. During the same period in the previous year, the firm posted $2.49 earnings per share. The business's revenue was up 8.1% on a year-over-year basis. Honeywell International has set its FY 2025 guidance at 10.450-10.650 EPS. Q3 2025 guidance at 2.500-2.600 EPS. Analysts predict that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 5th. Shareholders of record on Friday, August 15th will be issued a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a yield of 2.1%. The ex-dividend date is Friday, August 15th. Honeywell International's dividend payout ratio (DPR) is 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.

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