LGT Fund Management Co Ltd. Has $2.02 Million Stock Holdings in Honeywell International Inc. $HON

Key Points

• LGT Fund Management Co Ltd. increased its stake in Honeywell International by 229.5%, owning 8,669 shares worth $2.02 million as of its recent SEC filing.
• Honeywell's stock was subject to varying analyst ratings, with price targets ranging from $230 to $271, resulting in a consensus rating of "Moderate Buy."
• The company announced a dividend increase, with a quarterly payout of $1.19 per share, up from $1.13, reflecting a 2.3% dividend yield.

LGT Fund Management Co Ltd. raised its stake in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 229.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,669 shares of the conglomerate's stock after purchasing an additional 6,038 shares during the period. LGT Fund Management Co Ltd.'s holdings in Honeywell International were worth $2,019,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in HON. Brighton Jones LLC grew its stake in shares of Honeywell International by 9.1% in the fourth quarter. Brighton Jones LLC now owns 19,047 shares of the conglomerate's stock worth $4,302,000 after acquiring an additional 1,582 shares during the last quarter. Vest Financial LLC grew its stake in shares of Honeywell International by 65.1% in the first quarter. Vest Financial LLC now owns 10,744 shares of the conglomerate's stock worth $2,275,000 after acquiring an additional 4,236 shares during the last quarter. Foster Group Inc. grew its stake in shares of Honeywell International by 15.3% in the first quarter. Foster Group Inc. now owns 1,745 shares of the conglomerate's stock worth $369,000 after acquiring an additional 231 shares during the last quarter. Signal Advisors Wealth LLC acquired a new stake in shares of Honeywell International in the first quarter worth $207,000. Finally, Curat Global LLC acquired a new stake in shares of Honeywell International in the first quarter worth $148,000. Institutional investors and hedge funds own 75.91% of the company's stock.

Wall Street Analyst Weigh In

HON has been the topic of several research analyst reports. Royal Bank Of Canada lowered their price objective on shares of Honeywell International from $254.00 to $253.00 and set a "sector perform" rating on the stock in a research note on Friday, July 25th. Morgan Stanley raised their price objective on shares of Honeywell International from $225.00 to $245.00 and gave the stock an "equal weight" rating in a research note on Monday, July 28th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Honeywell International from $268.00 to $271.00 and gave the stock a "buy" rating in a research note on Thursday. Weiss Ratings restated a "buy (b-)" rating on shares of Honeywell International in a research note on Saturday, September 27th. Finally, Wells Fargo & Company reduced their target price on Honeywell International from $240.00 to $230.00 and set an "equal weight" rating for the company in a research report on Friday, July 25th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, Honeywell International currently has a consensus rating of "Moderate Buy" and an average target price of $254.79.

Insider Activity

In other Honeywell International news, CEO Lucian Boldea sold 42,149 shares of Honeywell International 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 completion of the transaction, the chief executive officer directly owned 10,334 shares of the company's stock, valued at approximately $2,289,807.72. This trade represents a 80.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.20% of the company's stock.

Honeywell International Stock Down 0.9%

Shares of HON stock opened at $209.05 on Friday. The stock has a market cap of $132.73 billion, a P/E ratio of 23.78, a price-to-earnings-growth ratio of 2.36 and a beta of 1.06. Honeywell International Inc. has a one year low of $179.36 and a one year high of $242.77. The stock has a fifty day moving average price of $215.63 and a 200 day moving average price of $217.40. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.29 and a quick ratio of 0.97.

Honeywell International (NASDAQ:HON - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The conglomerate reported $2.75 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.66 by $0.09. The company 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 business's revenue was up 8.1% on a year-over-year basis. During the same period last year, the business earned $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. Analysts predict that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Friday, November 14th will be issued a dividend of $1.19 per share. The ex-dividend date of this dividend is Friday, November 14th. This is a boost from Honeywell International's previous quarterly dividend of $1.13. This represents a $4.76 dividend on an annualized basis and a dividend yield of 2.3%. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.