Canada Pension Plan Investment Board Sells 315,207 Shares of Honeywell International Inc. $HON

Key Points

• The Canada Pension Plan Investment Board reduced its stake in Honeywell International Inc. by 44.3%, selling 315,207 shares, leaving it with approximately 396,225 shares valued at $83.9 million.
• Honeywell reported a quarterly EPS of $2.75, surpassing estimates by $0.09, with revenues of $10.35 billion reflecting an 8.1% increase year-over-year.
• The company announced a quarterly dividend of $1.13 per share, indicating a 2.1% yield and a dividend payout ratio of 51.42%.

Canada Pension Plan Investment Board trimmed its position in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 44.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 396,225 shares of the conglomerate's stock after selling 315,207 shares during the period. Canada Pension Plan Investment Board owned approximately 0.06% of Honeywell International worth $83,901,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in Honeywell International by 0.7% during the first quarter. Vanguard Group Inc. now owns 62,209,455 shares of the conglomerate's stock valued at $13,172,852,000 after acquiring an additional 447,744 shares during the period. Wellington Management Group LLP boosted its holdings in Honeywell International by 8.9% during the first quarter. Wellington Management Group LLP now owns 15,751,951 shares of the conglomerate's stock valued at $3,335,476,000 after acquiring an additional 1,293,137 shares during the period. Goldman Sachs Group Inc. boosted its holdings in Honeywell International by 9.1% during the first quarter. Goldman Sachs Group Inc. now owns 6,038,080 shares of the conglomerate's stock valued at $1,278,563,000 after acquiring an additional 505,083 shares during the period. Invesco Ltd. boosted its holdings in Honeywell International by 5.4% during the first quarter. Invesco Ltd. now owns 5,568,610 shares of the conglomerate's stock valued at $1,179,153,000 after acquiring an additional 283,193 shares during the period. Finally, Nuveen LLC bought a new stake in Honeywell International during the first quarter valued at about $1,150,929,000. 75.91% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Royal Bank Of Canada cut their price objective on shares of 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. Bank of America raised shares of Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 price objective for the company in a research report on Wednesday, May 7th. Morgan Stanley upped their price objective on shares of Honeywell International from $225.00 to $245.00 and gave the company an "equal weight" rating in a research report on Monday, July 28th. JPMorgan Chase & Co. upped their price objective on shares of Honeywell International from $182.00 to $217.00 and gave the company a "neutral" rating in a research report on Friday, May 16th. Finally, Wells Fargo & Company cut their price objective on shares of Honeywell International from $240.00 to $230.00 and set an "equal weight" rating for the company in a research report on Friday, July 25th. One equities research 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's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $254.00.

Honeywell International Price Performance

HON traded down $4.02 during midday trading on Wednesday, reaching $213.58. 2,071,112 shares of the company's stock were exchanged, compared to its average volume of 3,992,589. The firm has a market capitalization of $135.60 billion, a price-to-earnings ratio of 24.30, a price-to-earnings-growth ratio of 2.48 and a beta of 1.05. The company has a quick ratio of 0.97, a current ratio of 1.29 and a debt-to-equity ratio of 1.81. Honeywell International Inc. has a one year low of $179.36 and a one year high of $242.77. The business has a 50-day simple moving average of $226.57 and a two-hundred day simple moving average of $217.23.

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 for the quarter, topping the consensus estimate of $2.66 by $0.09. The company had revenue of $10.35 billion during the quarter, compared to analyst estimates of $10.01 billion. Honeywell International had a net margin of 14.30% and a return on equity of 37.37%. The company's revenue was up 8.1% on a year-over-year basis. During the same quarter last year, the business posted $2.49 earnings per share. Honeywell International has set its FY 2025 guidance at 10.450-10.650 EPS. Q3 2025 guidance at 2.500-2.600 EPS. As a group, research analysts predict that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Announces Dividend

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

Insider Buying and Selling at Honeywell International

In other news, CEO Lucian Boldea sold 42,149 shares of the firm's stock in a transaction that occurred on Wednesday, August 27th. The shares were 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 owned 10,334 shares of the company's stock, valued at approximately $2,289,807.72. This trade represents a 80.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.41% of the company's stock.

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.