Honeywell International Inc. $HON Position Lessened by DRW Securities LLC

Key Points

• DRW Securities LLC significantly reduced its stake in Honeywell International by 75.7%, selling 11,575 shares and retaining just 3,716 shares valued at $786,000.
• Honeywell International exceeded earnings expectations with $2.75 earnings per share for the last quarter, beating the consensus estimate of $2.66, and reported revenues of $10.35 billion.
• The company declared a quarterly dividend of $1.13 per share, with a yield of 2.1%, set to be paid on September 5th.

DRW Securities LLC cut its holdings in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 75.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,716 shares of the conglomerate's stock after selling 11,575 shares during the period. DRW Securities LLC's holdings in Honeywell International were worth $786,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in HON. Nuveen LLC acquired a new stake in Honeywell International in the first quarter worth approximately $1,150,929,000. GAMMA Investing LLC lifted its position in Honeywell International by 20,894.0% in the first quarter. GAMMA Investing LLC now owns 1,326,614 shares of the conglomerate's stock worth $2,809,110,000 after purchasing an additional 1,320,295 shares during the period. Wellington Management Group LLP lifted its position in Honeywell International by 8.9% in the first quarter. Wellington Management Group LLP now owns 15,751,951 shares of the conglomerate's stock worth $3,335,476,000 after purchasing an additional 1,293,137 shares during the period. OVERSEA CHINESE BANKING Corp Ltd lifted its position in Honeywell International by 592.0% in the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 867,665 shares of the conglomerate's stock worth $183,728,000 after purchasing an additional 742,281 shares during the period. Finally, Leigh Baldwin & CO. LLC acquired a new stake in Honeywell International in the fourth quarter worth approximately $123,294,000. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Honeywell International Stock Up 0.5%

Shares of HON traded up $1.16 during mid-day trading on Thursday, reaching $215.16. The company's stock had a trading volume of 4,546,137 shares, compared to its average volume of 4,006,272. The business has a fifty day moving average of $226.41 and a 200 day moving average of $217.21. The company has a market cap of $136.61 billion, a price-to-earnings ratio of 24.48, a price-to-earnings-growth ratio of 2.48 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 quick ratio of 0.97, a current ratio of 1.29 and a debt-to-equity ratio of 1.81.

Honeywell International (NASDAQ:HON - Get Free Report) last released its earnings results 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 company had revenue of $10.35 billion during the quarter, compared to analyst estimates of $10.01 billion. Honeywell International had a return on equity of 37.37% and a net margin of 14.30%.The company's revenue for the quarter was up 8.1% on a year-over-year basis. During the same quarter in the prior year, the company 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. As a group, analysts forecast that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Investors 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 dividend yield of 2.1%. The ex-dividend date is Friday, August 15th. Honeywell International's dividend payout ratio (DPR) is currently 51.42%.

Insider Activity

In related news, CEO Lucian Boldea sold 42,149 shares of the 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 directly owned 10,334 shares in the company, valued at approximately $2,289,807.72. This trade represents a 80.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.41% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Wall Street Zen upgraded Honeywell International from a "hold" rating to a "buy" rating in a research report on Thursday, May 15th. JPMorgan Chase & Co. increased their price objective on Honeywell International from $182.00 to $217.00 and gave the company a "neutral" rating in a research report on Friday, May 16th. Bank of America upgraded 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. Royal Bank Of Canada cut their price objective on 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. Finally, Citigroup increased their price objective 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 equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, Honeywell International presently has an average rating of "Moderate Buy" and a consensus target price of $254.00.

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.