Honeywell International Inc. $HON Shares Sold by Compagnie Lombard Odier SCmA

Key Points

• Compagnie Lombard Odier SCmA reduced its stake in Honeywell International Inc. by 3.6%, owning 372,108 shares after selling 14,078 shares in Q2.
• CEO Lucian Boldea significantly decreased his ownership in the company, selling 42,149 shares for over $9.3 million, which is an 80.31% reduction in his holdings.
• Recent analyst reports have set mixed price targets for Honeywell International, with Barclays increasing its target to $265.00 while Wells Fargo lowered it to $230.00.

Compagnie Lombard Odier SCmA decreased its position in Honeywell International Inc. (NASDAQ:HON - Free Report) by 3.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 372,108 shares of the conglomerate's stock after selling 14,078 shares during the quarter. Honeywell International accounts for approximately 1.1% of Compagnie Lombard Odier SCmA's holdings, making the stock its 20th largest position. Compagnie Lombard Odier SCmA owned 0.06% of Honeywell International worth $86,657,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Pandora Wealth Inc. bought a new stake in Honeywell International during the 1st quarter valued at $33,000. 1248 Management LLC bought a new stake in Honeywell International during the 1st quarter valued at $38,000. Quarry LP bought a new stake in Honeywell International during the 1st quarter valued at $41,000. Stone House Investment Management LLC bought a new stake in Honeywell International during the 1st quarter valued at $41,000. Finally, Garde Capital Inc. bought a new stake in Honeywell International during the 1st quarter valued at $42,000. Institutional investors own 75.91% of the company's stock.

Insider Transactions at Honeywell International

In related news, CEO Lucian Boldea sold 42,149 shares of Honeywell International 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 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.41% of the company's stock.

Analysts Set New Price Targets

HON has been the topic of several recent analyst reports. Barclays lifted their target price on Honeywell International from $258.00 to $265.00 and gave the company an "overweight" rating in a research note on Wednesday, July 9th. 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 research report on Monday, July 28th. Wells Fargo & Company lowered their price target on Honeywell International from $240.00 to $230.00 and set an "equal weight" rating on the stock in a research report on Friday, July 25th. Royal Bank Of Canada lowered their price target on Honeywell International from $254.00 to $253.00 and set a "sector perform" rating on the stock in a research report on Friday, July 25th. Finally, Citigroup lifted their price target on Honeywell International from $242.00 to $265.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. One 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 stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $254.00.

Honeywell International Price Performance

HON opened at $209.00 on Tuesday. The stock has a market cap of $132.69 billion, a price-to-earnings ratio of 23.78, a PEG ratio of 2.36 and a beta of 1.05. Honeywell International Inc. has a 1 year low of $179.36 and a 1 year high of $242.77. The company has a current ratio of 1.29, a quick ratio of 0.97 and a debt-to-equity ratio of 1.81. The stock has a fifty day moving average price of $220.09 and a 200 day moving average price of $217.46.

Honeywell International (NASDAQ:HON - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The conglomerate reported $2.75 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.66 by $0.09. The firm had revenue of $10.35 billion during the quarter, compared to analysts' expectations of $10.01 billion. Honeywell International had a return on equity of 37.37% and a net margin of 14.30%.The business's revenue for the quarter was up 8.1% on a year-over-year basis. During the same quarter last year, the firm earned $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. Analysts forecast that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 5th. Investors of record on Friday, August 15th were given a dividend of $1.13 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $4.52 dividend on an annualized basis and a yield of 2.2%. Honeywell International's dividend payout ratio (DPR) is presently 51.42%.

Honeywell International Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.