Ancora Advisors LLC Has $44.44 Million Stake in Honeywell International Inc. $HON

Key Points

• Ancora Advisors LLC increased its stake in Honeywell International Inc. by 0.7%, bringing their total holdings to 209,885 shares, valued at approximately $44.4 million.
• CEO Lucian Boldea sold 42,149 shares at an average price of $221.58, reducing his ownership by over 80% to 10,334 shares.
• Honeywell's stock has a consensus rating of "Moderate Buy" with an average price target of $254.00, according to recent analysts' upgrades.

Ancora Advisors LLC lifted its position in Honeywell International Inc. (NASDAQ:HON - Free Report) by 0.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 209,885 shares of the conglomerate's stock after buying an additional 1,416 shares during the quarter. Honeywell International comprises approximately 1.0% of Ancora Advisors LLC's holdings, making the stock its 21st biggest position. Ancora Advisors LLC's holdings in Honeywell International were worth $44,443,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. raised its stake in Honeywell International by 0.7% in the 1st 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 lifted its stake in shares of Honeywell International by 8.9% during the 1st quarter. Wellington Management Group LLP now owns 15,751,951 shares of the conglomerate's stock worth $3,335,476,000 after buying an additional 1,293,137 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Honeywell International by 9.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 6,038,080 shares of the conglomerate's stock worth $1,278,563,000 after buying an additional 505,083 shares during the last quarter. Invesco Ltd. lifted its stake in shares of Honeywell International by 5.4% during the 1st quarter. Invesco Ltd. now owns 5,568,610 shares of the conglomerate's stock worth $1,179,153,000 after buying an additional 283,193 shares during the last quarter. Finally, Nuveen LLC acquired a new stake in shares of Honeywell International during the 1st quarter worth about $1,150,929,000. 75.91% of the stock is owned by institutional investors.

Honeywell International Price Performance

Honeywell International stock traded down $0.91 during midday trading on Friday, reaching $214.25. The company's stock had a trading volume of 4,104,308 shares, compared to its average volume of 3,006,594. Honeywell International Inc. has a 52 week low of $179.36 and a 52 week 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 business has a 50-day moving average price of $225.90 and a 200-day moving average price of $217.38. The stock has a market cap of $136.03 billion, a PE ratio of 24.37, a price-to-earnings-growth ratio of 2.42 and a beta of 1.05.

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. Honeywell International had a return on equity of 37.37% and a net margin of 14.30%.The firm had revenue of $10.35 billion for the quarter, compared to analysts' expectations of $10.01 billion. During the same quarter in the previous year, the business posted $2.49 earnings per share. The business's revenue for the quarter was up 8.1% on a year-over-year basis. Honeywell International has set its FY 2025 guidance at 10.450-10.650 EPS. Q3 2025 guidance at 2.500-2.600 EPS. On average, sell-side analysts predict that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Dividend Announcement

The firm also recently announced 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 was Friday, August 15th. This represents a $4.52 annualized dividend and a yield of 2.1%. Honeywell International's dividend payout ratio (DPR) is currently 51.42%.

Insider Buying and Selling

In related news, CEO Lucian Boldea sold 42,149 shares of Honeywell International 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 sale, the chief executive officer directly owned 10,334 shares in the company, valued at $2,289,807.72. This trade represents a 80.31% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.20% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have recently issued reports on HON shares. Mizuho raised their target price on shares of Honeywell International from $235.00 to $250.00 and gave the stock an "outperform" rating in a research note on Friday, May 16th. Wall Street Zen upgraded Honeywell International from a "hold" rating to a "buy" rating in a research note on Thursday, May 15th. Royal Bank Of Canada decreased their price objective on Honeywell International from $254.00 to $253.00 and set a "sector perform" rating on the stock in a report on Friday, July 25th. Wells Fargo & Company lowered their price objective 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. Finally, Barclays increased their price objective on Honeywell International from $258.00 to $265.00 and gave the stock an "overweight" rating in a research report 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 given a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target 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.