Honeywell International Inc. $HON Shares Purchased by Gabelli Funds LLC

Key Points

• Gabelli Funds LLC raised its position in Honeywell International by 5.1%, now owning 347,918 shares valued at $73,672,000.
• Honeywell International has received several upgrades from analysts, with Morgan Stanley raising the target price to $245.00 and Citigroup increasing it to $265.00.
• The company announced a quarterly dividend of $1.13, representing an annualized yield of 2.0%, set to be paid on September 5th.

Gabelli Funds LLC increased its stake in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 5.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 347,918 shares of the conglomerate's stock after buying an additional 17,000 shares during the period. Gabelli Funds LLC owned about 0.05% of Honeywell International worth $73,672,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in HON. Mpwm Advisory Solutions LLC purchased a new stake in shares of Honeywell International in the fourth quarter valued at about $29,000. Pandora Wealth Inc. purchased a new stake in shares of Honeywell International in the first quarter valued at about $33,000. Accredited Wealth Management LLC purchased a new stake in shares of Honeywell International in the fourth quarter valued at about $34,000. Banque de Luxembourg S.A. purchased a new stake in shares of Honeywell International in the fourth quarter valued at about $38,000. Finally, Stone House Investment Management LLC purchased a new stake in shares of Honeywell International in the first quarter valued at about $41,000. Hedge funds and other institutional investors own 75.91% of the company's stock.

Insider Buying and Selling

In related news, CEO Lucian Boldea sold 42,149 shares of the company'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 transaction, the chief executive officer owned 10,334 shares of the company's stock, valued at approximately $2,289,807.72. This represents a 80.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.20% of the company's stock.

Honeywell International Trading Down 0.8%

Shares of NASDAQ:HON traded down $1.85 during trading on Friday, reaching $219.50. The stock had a trading volume of 1,991,059 shares, compared to its average volume of 3,115,309. The business has a fifty day moving average price of $226.81 and a 200-day moving average price of $216.94. The company has a quick ratio of 0.97, a current ratio of 1.29 and a debt-to-equity ratio of 1.81. The stock has a market cap of $139.36 billion, a P/E ratio of 24.97, a PEG ratio of 2.50 and a beta of 1.08. Honeywell International Inc. has a fifty-two week low of $179.36 and a fifty-two week high of $242.77.

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, beating analysts' consensus estimates of $2.66 by $0.09. The business 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 in the previous 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, analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 5th. Investors of record on Friday, August 15th will be given 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 yield of 2.1%. Honeywell International's dividend payout ratio is 51.42%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on HON shares. Wall Street Zen raised shares of Honeywell International from a "hold" rating to a "buy" rating in a report on Thursday, May 15th. JPMorgan Chase & Co. upped their price target on shares of Honeywell International from $182.00 to $217.00 and gave the company a "neutral" rating in a report on Friday, May 16th. Mizuho upped their price target on shares of Honeywell International from $235.00 to $250.00 and gave the company an "outperform" rating in a report on Friday, May 16th. Wells Fargo & Company reduced their price target on shares of Honeywell International from $240.00 to $230.00 and set an "equal weight" rating on the stock in a report on Friday, July 25th. Finally, Citigroup upped their price target on shares of Honeywell International from $242.00 to $265.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and eight have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus 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.