Marathon Trading Investment Management LLC Buys New Shares in Honeywell International Inc. $HON

Key Points

• Marathon Trading Investment Management LLC invested approximately $1.93 million in Honeywell International, acquiring 9,100 shares, which represents 0.3% of its holdings.
• Honeywell International reported earnings of $2.75 per share, exceeding the consensus estimate of $2.66, along with a revenue increase to $10.35 billion, an 8.1% rise year-over-year.
• The company announced a quarterly dividend of $1.13 per share, yielding 2.1%, with a payout ratio of 51.42%, scheduled for payment on September 5th.

Marathon Trading Investment Management LLC bought a new position in Honeywell International Inc. (NASDAQ:HON - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 9,100 shares of the conglomerate's stock, valued at approximately $1,927,000. Honeywell International makes up about 0.3% of Marathon Trading Investment Management LLC's investment portfolio, making the stock its 24th biggest position.

Several other hedge funds have also recently added to or reduced their stakes in the business. Capital World Investors purchased a new position in Honeywell International in the 4th quarter worth about $1,594,216,000. Nuveen LLC purchased a new stake in shares of Honeywell International in the 1st quarter valued at approximately $1,150,929,000. GAMMA Investing LLC boosted its stake in Honeywell International by 20,894.0% in the 1st quarter. GAMMA Investing LLC now owns 1,326,614 shares of the conglomerate's stock worth $2,809,110,000 after purchasing an additional 1,320,295 shares during the period. OVERSEA CHINESE BANKING Corp Ltd grew its position in Honeywell International by 592.0% during the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 867,665 shares of the conglomerate's stock worth $183,728,000 after purchasing an additional 742,281 shares in the last quarter. Finally, Demars Financial Group LLC purchased a new position in Honeywell International during the 4th quarter worth approximately $155,407,000. Institutional investors and hedge funds own 75.91% of the company's stock.

Analyst Upgrades and Downgrades

HON has been the subject of several recent analyst reports. Wall Street Zen raised Honeywell International from a "hold" rating to a "buy" rating in a research report on Thursday, May 15th. Morgan Stanley increased their price objective on Honeywell International from $225.00 to $245.00 and gave the stock an "equal weight" rating in a research note on Monday, July 28th. Citigroup raised 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. Mizuho upped their target price on Honeywell International from $235.00 to $250.00 and gave the company an "outperform" rating in a report on Friday, May 16th. Finally, Royal Bank Of Canada reduced their price target on shares of Honeywell International from $254.00 to $253.00 and set a "sector perform" rating for the company in a research report on Friday, July 25th. 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's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $254.00.

Honeywell International Stock Up 0.1%

Shares of HON stock traded up $0.26 on Wednesday, hitting $217.00. The company's stock had a trading volume of 4,060,412 shares, compared to its average volume of 3,931,438. The stock has a market capitalization of $137.77 billion, a price-to-earnings ratio of 24.69, a P/E/G ratio of 2.45 and a beta of 1.08. Honeywell International Inc. has a fifty-two week low of $179.36 and a fifty-two week high of $242.77. The firm's fifty day moving average price is $227.14 and its 200-day moving average price is $216.62. 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 posted its earnings results on Thursday, July 24th. The conglomerate reported $2.75 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $10.01 billion. During the same period in the prior year, the business posted $2.49 earnings per share. The business's quarterly 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. Research analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Dividend Announcement

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