Huntington National Bank Decreases Stake in Honeywell International Inc. $HON

Key Points

• Huntington National Bank trimmed its Honeywell stake by 3.7% in the fourth quarter, though it still held 133,449 shares valued at about $26.0 million. Several other large institutional investors also increased their positions, and institutions now own 75.91% of Honeywell.
• Analysts remain broadly positive on Honeywell: Barclays recently raised its price target to $251, and the stock currently carries a Moderate Buy rating with an average price target of $248.17.
• Honeywell reported stronger-than-expected quarterly EPS of $2.45, topped dividend expectations with a new quarterly payout of $1.19, and reaffirmed FY2026 guidance of $10.35 to $10.65 EPS.

Huntington National Bank reduced its position in Honeywell International Inc. (NASDAQ:HON - Free Report) by 3.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 133,449 shares of the conglomerate's stock after selling 5,096 shares during the period. Huntington National Bank's holdings in Honeywell International were worth $26,035,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Vanguard Group Inc. lifted its position in shares of Honeywell International by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 63,161,731 shares of the conglomerate's stock worth $12,322,222,000 after purchasing an additional 1,027,413 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Honeywell International by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 15,716,647 shares of the conglomerate's stock worth $3,066,520,000 after purchasing an additional 120,929 shares during the last quarter. Franklin Resources Inc. lifted its position in shares of Honeywell International by 28.8% during the third quarter. Franklin Resources Inc. now owns 10,196,543 shares of the conglomerate's stock worth $2,146,372,000 after purchasing an additional 2,277,234 shares during the last quarter. Invesco Ltd. lifted its position in shares of Honeywell International by 11.0% during the third quarter. Invesco Ltd. now owns 6,115,954 shares of the conglomerate's stock worth $1,287,408,000 after purchasing an additional 605,600 shares during the last quarter. Finally, Unisphere Establishment lifted its position in shares of Honeywell International by 5.4% during the third quarter. Unisphere Establishment now owns 4,215,000 shares of the conglomerate's stock worth $887,258,000 after purchasing an additional 215,000 shares during the last quarter. Institutional investors own 75.91% of the company's stock.

Key Stories Impacting Honeywell International

Here are the key news stories impacting Honeywell International this week:

• Positive Sentiment: Barclays raised its price target on Honeywell International (HON) to $251 from $243 and kept an overweight rating, signaling improved confidence in the stock’s upside potential.
• Positive Sentiment: Honeywell-backed quantum computing unit Quantinuum has launched IPO plans, with pricing set between $45 and $50 per share, potentially highlighting value creation from Honeywell’s portfolio. This Year’s Biggest Quantum IPO Is Coming
• Neutral Sentiment: Honeywell shareholders approved the company’s board slate and reverse split at the annual meeting, a governance and capital structure update that is important but not necessarily a direct earnings driver. Honeywell Shareholders Approve Board Slate and Reverse Split
• Neutral Sentiment: Recent commentary comparing Honeywell to other value stocks and broad tech-sector strength adds background context, but does not appear to be a major direct catalyst for HON today.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Honeywell International from $255.00 to $250.00 and set a "buy" rating on the stock in a research report on Thursday, May 14th. Citigroup dropped their price objective on shares of Honeywell International from $265.00 to $257.00 and set a "buy" rating on the stock in a research note on Friday, April 24th. BMO Capital Markets initiated coverage on shares of Honeywell International in a research note on Friday, March 27th. They set an "outperform" rating and a $273.00 price objective on the stock. Evercore increased their price objective on shares of Honeywell International from $255.00 to $265.00 and gave the stock an "outperform" rating in a research note on Friday, January 30th. Finally, Wolfe Research increased their price objective on shares of Honeywell International from $293.00 to $296.00 and gave the stock an "outperform" rating in a research note on Thursday, March 26th. Thirteen equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $248.17.

Honeywell International Price Performance

HON opened at $231.55 on Thursday. The firm has a market cap of $146.72 billion, a price-to-earnings ratio of 32.80, a price-to-earnings-growth ratio of 3.31 and a beta of 0.82. Honeywell International Inc. has a fifty-two week low of $186.76 and a fifty-two week high of $248.18. The company's 50-day moving average price is $223.40 and its 200 day moving average price is $217.39. The company has a quick ratio of 1.10, a current ratio of 1.39 and a debt-to-equity ratio of 1.98.

Honeywell International (NASDAQ:HON - Get Free Report) last released its quarterly earnings data on Thursday, April 23rd. The conglomerate reported $2.45 earnings per share for the quarter, topping the consensus estimate of $2.32 by $0.13. Honeywell International had a net margin of 11.37% and a return on equity of 42.29%. The firm had revenue of $9.14 billion for the quarter, compared to analyst estimates of $9.30 billion. During the same quarter in the prior year, the business earned $2.21 earnings per share. Honeywell International's quarterly revenue was up 2.4% on a year-over-year basis. Honeywell International has set its FY 2026 guidance at 10.350-10.650 EPS and its Q2 2026 guidance at 2.350-2.450 EPS. As a group, sell-side analysts expect that Honeywell International Inc. will post 10.53 earnings per share for the current year.

Honeywell International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 5th. Shareholders of record on Friday, May 15th will be paid a $1.19 dividend. The ex-dividend date is Friday, May 15th. This represents a $4.76 annualized dividend and a dividend yield of 2.1%. Honeywell International's dividend payout ratio (DPR) is presently 67.42%.

Honeywell International Profile

Honeywell International Inc is a diversified, publicly traded multinational conglomerate NASDAQ: HON that designs and manufactures a wide range of commercial and consumer products, engineering services and aerospace systems. The company operates through major business platforms that historically include Aerospace; Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. Its portfolio spans avionics and propulsion systems, building controls and HVAC equipment, process technologies and advanced materials, industrial automation software, and personal protective equipment and scanning solutions.

Honeywell's aerospace business supplies aircraft manufacturers and operators with engines and auxiliary power units, avionics, flight safety systems and aftermarket services.

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