Honeywell International Inc. $HON Shares Purchased by Brandywine Global Investment Management LLC

Key Points

• Brandywine Global Investment Management increased its Honeywell stake by 23.2% in the fourth quarter, buying 85,361 additional shares and bringing its holdings to 452,541 shares valued at about $88.3 million.
• Honeywell reported better-than-expected quarterly earnings of $2.45 per share, though revenue of $9.14 billion fell slightly short of analyst estimates. The company also reaffirmed guidance, with FY 2026 EPS projected at $10.35-$10.65.
• Investor focus is also on Honeywell’s planned aerospace spin-off, with the new company expected to begin trading as HONA after the distribution. Analysts remain broadly constructive, and the stock carries a consensus Moderate Buy rating.

Brandywine Global Investment Management LLC boosted its position in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 23.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 452,541 shares of the conglomerate's stock after buying an additional 85,361 shares during the period. Brandywine Global Investment Management LLC owned 0.07% of Honeywell International worth $88,286,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cardinal Capital Management Inc. raised its holdings in Honeywell International by 6.1% during the fourth quarter. Cardinal Capital Management Inc. now owns 138,726 shares of the conglomerate's stock worth $27,064,000 after acquiring an additional 7,929 shares in the last quarter. Douglas Lane & Associates LLC grew its stake in Honeywell International by 56.1% in the fourth quarter. Douglas Lane & Associates LLC now owns 72,783 shares of the conglomerate's stock valued at $14,199,000 after purchasing an additional 26,162 shares in the last quarter. Exencial Wealth Advisors LLC grew its stake in Honeywell International by 36.6% in the fourth quarter. Exencial Wealth Advisors LLC now owns 81,211 shares of the conglomerate's stock valued at $15,844,000 after purchasing an additional 21,770 shares in the last quarter. First National Trust Co increased its position in shares of Honeywell International by 9.4% during the 3rd quarter. First National Trust Co now owns 79,086 shares of the conglomerate's stock worth $16,648,000 after purchasing an additional 6,803 shares during the last quarter. Finally, Valley Wealth Managers Inc. raised its stake in shares of Honeywell International by 33.9% during the 4th quarter. Valley Wealth Managers Inc. now owns 114,016 shares of the conglomerate's stock worth $22,243,000 after purchasing an additional 28,875 shares in the last quarter. Hedge funds and other institutional investors own 75.91% of the company's stock.

Honeywell International Price Performance

Honeywell International stock opened at $213.97 on Monday. The company's 50-day moving average price is $223.71 and its two-hundred day moving average price is $218.87. The company has a quick ratio of 1.10, a current ratio of 1.39 and a debt-to-equity ratio of 1.98. The stock has a market cap of $135.58 billion, a P/E ratio of 30.31, a P/E/G ratio of 3.06 and a beta of 0.85. Honeywell International Inc. has a twelve month low of $186.76 and a twelve month high of $248.18.

Honeywell International (NASDAQ:HON - Get Free Report) last issued its quarterly earnings data on Thursday, April 23rd. The conglomerate reported $2.45 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.32 by $0.13. The company had revenue of $9.14 billion during the quarter, compared to analysts' expectations of $9.30 billion. Honeywell International had a return on equity of 42.29% and a net margin of 11.37%.The business's revenue was up 2.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.21 earnings per share. Honeywell International has set its FY 2026 guidance at 10.350-10.650 EPS and its Q2 2026 guidance at 2.350-2.450 EPS. As a group, analysts expect that Honeywell International Inc. will post 10.54 EPS for the current year.

Honeywell International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Friday, May 15th were given a $1.19 dividend. This represents a $4.76 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend was Friday, May 15th. Honeywell International's payout ratio is presently 67.42%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on HON shares. Morgan Stanley raised their target price on shares of Honeywell International from $235.00 to $245.00 and gave the company an "equal weight" rating in a research note on Thursday, March 12th. Barclays increased their price target on shares of Honeywell International from $243.00 to $251.00 and gave the company an "overweight" rating in a research note on Wednesday, May 27th. Citigroup lowered their price objective on shares of Honeywell International from $265.00 to $257.00 and set a "buy" rating on the stock in a research note on Friday, April 24th. Wells Fargo & Company dropped their target price on shares of Honeywell International from $235.00 to $230.00 and set an "equal weight" rating on the stock in a report on Friday, April 24th. Finally, The Goldman Sachs Group raised their target price on shares of Honeywell International from $258.00 to $276.00 and gave the company a "buy" rating in a research note on Wednesday, June 3rd. Thirteen research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $248.04.

Key Headlines Impacting Honeywell International

Here are the key news stories impacting Honeywell International this week:

• Positive Sentiment: Honeywell set a June 15 record date for the planned spin-off of Honeywell Aerospace, with the distribution expected on June 29; shareholders are expected to receive one share of the new Aerospace company for every two HON shares, and the new stock is expected to trade as HONA. This creates a clearer breakup story that many investors may view as a value-unlocking catalyst. Article title
• Positive Sentiment: Analyst commentary remained constructive, with Goldman Sachs and RBC both reiterating bullish views and raising price targets on Honeywell. Higher targets can support sentiment by signaling Wall Street sees upside from current levels. Article title
• Positive Sentiment: Honeywell’s Building Automation unit showed double-digit revenue growth in Q1, helped by strong demand, rising orders, and data center-related investment. Strong performance in this segment suggests the core business remains healthy ahead of the separation. Article title
• Positive Sentiment: Honeywell Aerospace is being positioned as a stand-alone growth story, with management forecasting strong growth and targets such as $6.5 billion in earnings by 2030. That outlook may be encouraging investors to re-rate the stock over time. Article title
• Neutral Sentiment: Honeywell’s quantum unit Quantinuum completed its IPO and debut, drawing strong attention to the company’s broader portfolio. While the listing highlights value in Honeywell’s assets, the direct impact on HON stock is less immediate because the move is mainly tied to the future spin-off structure. Article title
• Negative Sentiment: Despite the favorable news flow, HON has recently traded lower, suggesting investors may be taking profits or waiting for more clarity on the post-spin structure, reverse stock split, and the near-term earnings impact of the separation process. Article title

Honeywell International Company Profile

Honeywell International Inc is a diversified, publicly traded multinational conglomerate NASDAQ: HON that designs and manufactures a wide range of commercial and consumer products, engineering services and aerospace systems. The company operates through major business platforms that historically include Aerospace; Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. Its portfolio spans avionics and propulsion systems, building controls and HVAC equipment, process technologies and advanced materials, industrial automation software, and personal protective equipment and scanning solutions.

Honeywell's aerospace business supplies aircraft manufacturers and operators with engines and auxiliary power units, avionics, flight safety systems and aftermarket services.

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