Integrity Alliance LLC. Increases Stake in Honeywell International Inc. $HON

Key Points

• Integrity Alliance LLC increased its stake in Honeywell International by 1,414.4% in the first quarter, owning 13,887 shares worth approximately $2.94 million.
• Several hedge funds, including Nuveen LLC and GAMMA Investing LLC, have significantly modified their holdings in Honeywell, indicating a strong institutional interest in the company.
• Honeywell International recently reported a quarterly earnings per share (EPS) of $2.75, exceeding analyst expectations, with revenue up 8.1% year-over-year.

Integrity Alliance LLC. grew its holdings in Honeywell International Inc. (NASDAQ:HON - Free Report) by 1,414.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 13,887 shares of the conglomerate's stock after acquiring an additional 12,970 shares during the period. Integrity Alliance LLC.'s holdings in Honeywell International were worth $2,941,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of HON. Nuveen LLC bought a new position in Honeywell International in the 1st quarter worth $1,150,929,000. GAMMA Investing LLC increased 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 buying an additional 1,320,295 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of 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 buying an additional 1,293,137 shares during the period. Alliancebernstein L.P. lifted its position in shares of Honeywell International by 64.6% during the 1st quarter. Alliancebernstein L.P. now owns 2,652,344 shares of the conglomerate's stock valued at $561,634,000 after buying an additional 1,041,273 shares in the last quarter. Finally, Vista Cima Wealth Management LLC bought a new position in shares of Honeywell International during the 1st quarter valued at approximately $164,000. Institutional investors own 75.91% of the company's stock.

Insider Buying and Selling at Honeywell International

In related news, CEO Lucian Boldea sold 42,149 shares of the business's stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $221.58, for a total value of $9,339,375.42. Following the sale, the chief executive officer owned 10,334 shares in the company, valued at approximately $2,289,807.72. The trade was 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.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Citigroup raised their target price on shares of Honeywell International from $242.00 to $265.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Mizuho increased their price objective 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. Wells Fargo & Company lowered their target price on shares of Honeywell International from $240.00 to $230.00 and set an "equal weight" rating on the stock in a research note on Friday, July 25th. Barclays upped their target price on shares of Honeywell International from $258.00 to $265.00 and gave the stock an "overweight" rating in a report on Wednesday, July 9th. Finally, Morgan Stanley raised their price target on Honeywell International from $225.00 to $245.00 and gave the company an "equal weight" rating in a report on Monday, July 28th. One 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 stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $254.00.

Honeywell International Stock Performance

Shares of NASDAQ HON opened at $211.70 on Thursday. The company has a market cap of $134.41 billion, a P/E ratio of 24.08, a P/E/G ratio of 2.42 and a beta of 1.05. Honeywell International Inc. has a 52-week low of $179.36 and a 52-week high of $242.77. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.97 and a current ratio of 1.29. The firm's fifty day moving average is $224.49 and its two-hundred day moving average is $217.38.

Honeywell International (NASDAQ:HON - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The conglomerate reported $2.75 EPS for the quarter, beating the consensus estimate of $2.66 by $0.09. The business had revenue of $10.35 billion during the quarter, compared to the consensus estimate of $10.01 billion. Honeywell International had a net margin of 14.30% and a return on equity of 37.37%. The business's revenue was up 8.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.49 EPS. 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 EPS for the current fiscal year.

Honeywell International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 5th. Investors of record on Friday, August 15th were issued a $1.13 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.1%. Honeywell International's dividend payout ratio (DPR) is 51.42%.

About Honeywell International

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.

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