Honeywell International Inc. $HON Shares Bought by KADENSA CAPITAL Ltd

Key Points

• KADENSA CAPITAL Ltd increased its stake in Honeywell International Inc. by 69.4%, now holding 73,768 shares valued at approximately $15.62 million, representing 1.9% of its investment portfolio.
• Honeywell reported $2.75 earnings per share (EPS) for the latest quarter, exceeding analyst expectations, with revenue rising to $10.35 billion, an 8.1% increase compared to the prior year.
• A quarterly dividend of $1.13 per share has been announced, reflecting an annualized yield of 2.1%, with a payout ratio of 51.42%.

KADENSA CAPITAL Ltd increased its stake in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 69.4% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 73,768 shares of the conglomerate's stock after purchasing an additional 30,221 shares during the period. Honeywell International accounts for approximately 1.9% of KADENSA CAPITAL Ltd's investment portfolio, making the stock its 22nd biggest position. KADENSA CAPITAL Ltd's holdings in Honeywell International were worth $15,620,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Mpwm Advisory Solutions LLC acquired a new stake in Honeywell International in the 4th quarter valued at approximately $29,000. Pandora Wealth Inc. purchased a new stake in Honeywell International in the first quarter valued at $33,000. 1248 Management LLC acquired a new position in Honeywell International in the first quarter valued at $38,000. Stone House Investment Management LLC acquired a new position in Honeywell International in the first quarter valued at $41,000. Finally, Quarry LP acquired a new position in shares of Honeywell International during the first quarter worth about $41,000. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Honeywell International Trading Down 0.4%

Shares of HON stock traded down $0.91 on Friday, reaching $214.25. The company had a trading volume of 4,104,308 shares, compared to its average volume of 3,058,853. The company has a 50-day moving average of $225.90 and a 200-day moving average of $217.42. Honeywell International Inc. has a 12 month low of $179.36 and a 12 month 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 stock has a market cap of $136.03 billion, a PE ratio of 24.37, a PEG ratio of 2.42 and a beta of 1.05.

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, topping analysts' consensus estimates of $2.66 by $0.09. The firm had revenue of $10.35 billion during the quarter, compared to analysts' expectations 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 for the quarter was up 8.1% compared to the same quarter last year. During the same period 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. On average, equities analysts forecast that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research firms recently commented on HON. Wells Fargo & Company decreased their price objective 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. Citigroup increased their price objective on shares of Honeywell International from $242.00 to $265.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Wall Street Zen raised shares of Honeywell International from a "hold" rating to a "buy" rating in a report on Thursday, May 15th. Morgan Stanley raised their price target on shares of Honeywell International from $225.00 to $245.00 and gave the stock an "equal weight" rating in a research report on Monday, July 28th. Finally, Mizuho raised their target price on shares of Honeywell International from $235.00 to $250.00 and gave the company an "outperform" rating in a research note on Friday, May 16th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $254.00.

Insider Buying and Selling at Honeywell International

In other news, CEO Lucian Boldea sold 42,149 shares of the company's 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 transaction, the chief executive officer directly owned 10,334 shares of the company's stock, valued at $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 available through the SEC website. 0.41% of the stock is owned by corporate insiders.

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.