Kodai Capital Management LP Takes $781,000 Position in Honeywell International Inc. $HON

Key Points

• Kodai Capital Management LP acquired 3,687 shares of Honeywell International Inc. for approximately $781,000 in the first quarter of the year.
• In a significant insider transaction, CEO Lucian Boldea sold 42,149 shares of Honeywell, representing an 80.31% decrease in his ownership, for a total of approximately $9.34 million.
• Honeywell International recently announced a quarterly dividend of $1.13 per share, with a yield of 2.1%, and set a fiscal year 2025 earnings guidance of 10.450-10.650 EPS.

Kodai Capital Management LP purchased a new position in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 3,687 shares of the conglomerate's stock, valued at approximately $781,000.

A number of other institutional investors have also recently bought and sold shares of HON. Mpwm Advisory Solutions LLC acquired a new stake in Honeywell International during the fourth quarter worth $29,000. Pandora Wealth Inc. acquired a new stake in Honeywell International during the first quarter worth $33,000. Accredited Wealth Management LLC acquired a new stake in Honeywell International during the fourth quarter worth $34,000. Banque de Luxembourg S.A. acquired a new stake in Honeywell International during the fourth quarter worth $38,000. Finally, Stone House Investment Management LLC acquired a new stake in Honeywell International during the first quarter worth $41,000. Institutional investors and hedge funds own 75.91% of the company's stock.

Analyst Ratings Changes

A number of research analysts have issued reports on HON shares. Mizuho lifted their price objective on Honeywell International from $235.00 to $250.00 and gave the company an "outperform" rating in a report on Friday, May 16th. Barclays lifted their price objective on Honeywell International from $258.00 to $265.00 and gave the company an "overweight" rating in a report on Wednesday, July 9th. Bank of America raised Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 price objective for the company in a report on Wednesday, May 7th. Citigroup lifted their price objective on Honeywell International from $242.00 to $265.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. Finally, Wall Street Zen raised Honeywell International from a "hold" rating to a "buy" rating in a report on Thursday, May 15th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, Honeywell International currently has an average rating of "Moderate Buy" and an average price target of $254.00.

Honeywell International Price Performance

Shares of Honeywell International stock traded down $1.90 during trading on Tuesday, reaching $217.60. The company's stock had a trading volume of 3,250,635 shares, compared to its average volume of 4,005,930. The stock has a 50-day moving average price of $226.71 and a two-hundred day moving average price of $217.23. The company has a current ratio of 1.29, a quick ratio of 0.97 and a debt-to-equity ratio of 1.81. Honeywell International Inc. has a one year low of $179.36 and a one year high of $242.77. The stock has a market capitalization of $138.15 billion, a P/E ratio of 24.76, a price-to-earnings-growth ratio of 2.48 and a beta of 1.05.

Honeywell International (NASDAQ:HON - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The conglomerate reported $2.75 earnings per share for the quarter, topping the consensus estimate 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 return on equity of 37.37% and a net margin of 14.30%.The company's quarterly revenue was up 8.1% compared to the same quarter last year. During the same period in the previous year, the business posted $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, sell-side analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Investors of record on Friday, August 15th will be given a $1.13 dividend. The ex-dividend date is Friday, August 15th. This represents a $4.52 annualized dividend and a dividend yield of 2.1%. Honeywell International's payout ratio is currently 51.42%.

Insider Activity

In related news, CEO Lucian Boldea sold 42,149 shares of the business's stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $221.58, for a total value of $9,339,375.42. Following the completion of the transaction, the chief executive officer directly owned 10,334 shares in the company, valued at approximately $2,289,807.72. The trade was a 80.31% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.41% of the company's stock.

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.