Honeywell International Inc. $HON Shares Sold by MAI Capital Management

Key Points

• MAI Capital Management has reduced its stake in Honeywell International Inc. by 1.4%, selling 2,734 shares and now holding a total of 192,250 shares valued at approximately $40.7 million.
• Several hedge funds have increased their holdings in Honeywell, with Beacon Financial Group leading with a 52.6% increase in its stake during the first quarter.
• Honeywell recently announced a quarterly dividend of $1.13 per share, resulting in an annualized dividend yield of 2.1% and a payout ratio of 51.42%.

MAI Capital Management lessened its stake in Honeywell International Inc. (NASDAQ:HON - Free Report) by 1.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 192,250 shares of the conglomerate's stock after selling 2,734 shares during the quarter. MAI Capital Management's holdings in Honeywell International were worth $40,709,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brighton Jones LLC grew its position in Honeywell International by 9.1% in the 4th quarter. Brighton Jones LLC now owns 19,047 shares of the conglomerate's stock valued at $4,302,000 after acquiring an additional 1,582 shares in the last quarter. Advanced Portfolio Management LLC acquired a new position in shares of Honeywell International during the fourth quarter worth $504,000. Accredited Wealth Management LLC acquired a new position in Honeywell International in the fourth quarter valued at approximately $34,000. Aptus Capital Advisors LLC boosted its holdings in shares of Honeywell International by 28.7% in the 4th quarter. Aptus Capital Advisors LLC now owns 96,851 shares of the conglomerate's stock valued at $21,878,000 after buying an additional 21,612 shares in the last quarter. Finally, Ancora Advisors LLC boosted its stake in Honeywell International by 0.6% in the fourth quarter. Ancora Advisors LLC now owns 208,469 shares of the conglomerate's stock valued at $47,091,000 after acquiring an additional 1,183 shares in the last quarter. Institutional investors and hedge funds own 75.91% of the company's stock.

Analysts Set New Price Targets

A number of analysts have weighed in on HON shares. Mizuho increased their price objective on Honeywell International from $235.00 to $250.00 and gave the stock an "outperform" rating in a research report on Friday, May 16th. Barclays lifted their price objective on Honeywell International from $258.00 to $265.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 9th. Wells Fargo & Company cut their price objective 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. Citigroup lifted their price objective on Honeywell International from $242.00 to $265.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Finally, JPMorgan Chase & Co. boosted their price target on Honeywell International from $182.00 to $217.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat.com, Honeywell International currently has an average rating of "Moderate Buy" and a consensus target price of $254.00.

Insider Activity

In other 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 transaction 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.41% of the company's stock.

Honeywell International Stock Down 1.7%

NASDAQ:HON traded down $3.60 during mid-day trading on Wednesday, reaching $214.00. The stock had a trading volume of 3,519,773 shares, compared to its average volume of 2,843,902. The company has a market capitalization of $135.87 billion, a price-to-earnings ratio of 21.29, a price-to-earnings-growth ratio of 2.48 and a beta of 1.05. Honeywell International Inc. has a 1-year low of $179.36 and a 1-year high of $242.77. The stock's 50 day simple moving average is $226.57 and its two-hundred day simple moving average is $217.23. 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 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. Honeywell International had a net margin of 14.30% and a return on equity of 37.37%. The firm had revenue of $10.35 billion during the quarter, compared to the consensus estimate of $10.01 billion. During the same quarter in the previous year, the company posted $2.49 earnings per share. The firm's revenue was up 8.1% on a year-over-year basis. Honeywell International has set its FY 2025 guidance at 10.450-10.650 EPS. Q3 2025 guidance at 2.500-2.600 EPS. Equities analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 5th. Shareholders of record on Friday, August 15th will be paid a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Friday, August 15th. Honeywell International's payout ratio is presently 51.42%.

Honeywell International Company 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.