MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Buys 30,667 Shares of Honeywell International Inc. $HON

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Honeywell International by 5.7%, now owning approximately 0.09% of the company valued at $119.9 million.
• Honeywell's CEO Lucian Boldea sold 42,149 shares for over $9.3 million, reducing his ownership by 80.31%.
• The company reported a quarterly earnings per share of $2.75, beating estimates by $0.09, with a revenue of $10.35 billion.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 5.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 566,197 shares of the conglomerate's stock after purchasing an additional 30,667 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.09% of Honeywell International worth $119,892,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Red Door Wealth Management LLC boosted its stake in Honeywell International by 2.6% in the 1st quarter. Red Door Wealth Management LLC now owns 29,090 shares of the conglomerate's stock valued at $6,160,000 after buying an additional 736 shares in the last quarter. Spinnaker Trust boosted its stake in Honeywell International by 2.4% in the 1st quarter. Spinnaker Trust now owns 11,598 shares of the conglomerate's stock valued at $2,456,000 after buying an additional 276 shares in the last quarter. Beacon Financial Group boosted its stake in Honeywell International by 52.6% in the 1st quarter. Beacon Financial Group now owns 3,759 shares of the conglomerate's stock valued at $796,000 after buying an additional 1,295 shares in the last quarter. WIM INVESTMENT MANAGEMENT Ltd boosted its stake in Honeywell International by 40.5% in the 1st quarter. WIM INVESTMENT MANAGEMENT Ltd now owns 28,800 shares of the conglomerate's stock valued at $6,098,000 after buying an additional 8,300 shares in the last quarter. Finally, Codex Capital Asset Management L.L.C. acquired a new stake in Honeywell International in the 1st quarter valued at $5,294,000. 75.91% of the stock is currently owned by institutional investors.

Honeywell International Price Performance

Honeywell International stock traded down $0.91 on Friday, reaching $214.25. The company's stock had a trading volume of 4,104,308 shares, compared to its average volume of 3,058,853. 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 has a market cap of $136.03 billion, a price-to-earnings ratio of 24.37, a PEG ratio of 2.42 and a beta of 1.05. The business's fifty day moving average price is $225.90 and its 200 day moving average price is $217.42. Honeywell International Inc. has a twelve month low of $179.36 and a twelve month high of $242.77.

Honeywell International (NASDAQ:HON - Get Free Report) last issued its quarterly 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. 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 for the quarter, compared to analyst estimates of $10.01 billion. During the same quarter in the prior year, the firm posted $2.49 earnings per share. The firm'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. Equities analysts expect that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

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

Insider Activity

In other news, CEO Lucian Boldea sold 42,149 shares of the company'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 transaction, the chief executive officer owned 10,334 shares of the company's stock, valued at $2,289,807.72. This represents a 80.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.41% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

HON has been the topic of several recent analyst reports. Royal Bank Of Canada decreased their price target on Honeywell International from $254.00 to $253.00 and set a "sector perform" rating on the stock in a research note on Friday, July 25th. Wall Street Zen raised Honeywell International from a "hold" rating to a "buy" rating in a research note on Thursday, May 15th. Wells Fargo & Company reduced their price objective on 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. Citigroup boosted their price objective on Honeywell International from $242.00 to $265.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Finally, Barclays boosted their price objective on Honeywell International from $258.00 to $265.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 9th. One 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. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $254.00.

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.