Honeywell International Inc. $HON Shares Sold by Martingale Asset Management L P

Key Points

• Martingale Asset Management L P has reduced its stake in Honeywell International by 22.8%, selling 7,510 shares and now holding 25,492 shares valued at approximately $5.4 million.
• Honeywell reported better-than-expected earnings of $2.75 per share and revenue of $10.35 billion, beating consensus estimates and showing an 8.1% year-over-year revenue increase.
• The company announced a quarterly dividend of $1.13 per share, translating to an annualized yield of 2.1%, with a payout ratio of 51.42%.

Martingale Asset Management L P decreased its position in Honeywell International Inc. (NASDAQ:HON - Free Report) by 22.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,492 shares of the conglomerate's stock after selling 7,510 shares during the quarter. Martingale Asset Management L P's holdings in Honeywell International were worth $5,398,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Maia Wealth LLC raised its position in Honeywell International by 4.1% in the first quarter. Maia Wealth LLC now owns 1,189 shares of the conglomerate's stock valued at $238,000 after purchasing an additional 47 shares during the period. Kirtland Hills Capital Management LLC increased its position in shares of Honeywell International by 1.1% during the first quarter. Kirtland Hills Capital Management LLC now owns 4,424 shares of the conglomerate's stock worth $870,000 after acquiring an additional 48 shares during the period. Sound View Wealth Advisors Group LLC increased its position in shares of Honeywell International by 0.6% during the first quarter. Sound View Wealth Advisors Group LLC now owns 8,769 shares of the conglomerate's stock worth $1,857,000 after acquiring an additional 48 shares during the period. Gateway Wealth Partners LLC increased its position in shares of Honeywell International by 2.5% during the first quarter. Gateway Wealth Partners LLC now owns 2,044 shares of the conglomerate's stock worth $433,000 after acquiring an additional 49 shares during the period. Finally, Cetera Trust Company N.A increased its position in shares of Honeywell International by 0.5% during the first quarter. Cetera Trust Company N.A now owns 10,475 shares of the conglomerate's stock worth $2,218,000 after acquiring an additional 50 shares during the period. Hedge funds and other institutional investors own 75.91% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on HON. Barclays upped 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. Wall Street Zen raised Honeywell International from a "hold" rating to a "buy" rating in a research report on Thursday, May 15th. Citigroup upped 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. Wells Fargo & Company cut their price objective on Honeywell International from $240.00 to $230.00 and set an "equal weight" rating on the stock in a research report on Friday, July 25th. Finally, Mizuho upped 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. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and eight have given a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $254.00.

Honeywell International Stock Performance

Shares of HON stock traded down $2.22 during mid-day trading on Monday, hitting $220.61. 2,256,872 shares of the stock were exchanged, compared to its average volume of 4,043,315. The stock's fifty day simple moving average is $226.94 and its two-hundred day simple moving average is $216.59. The stock has a market capitalization of $140.07 billion, a price-to-earnings ratio of 25.10, a P/E/G ratio of 2.52 and a beta of 1.08. Honeywell International Inc. has a 12-month low of $179.36 and a 12-month high of $242.77. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.97 and a current ratio of 1.29.

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, topping the consensus estimate of $2.66 by $0.09. The company had revenue of $10.35 billion for the quarter, compared to analyst estimates of $10.01 billion. Honeywell International had a return on equity of 37.37% and a net margin of 14.30%.The business's quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter last year, the company 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, analysts forecast that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 5th. Stockholders of record on Friday, August 15th will be paid a dividend of $1.13 per share. The ex-dividend date is Friday, August 15th. This represents a $4.52 annualized dividend and a dividend yield of 2.0%. Honeywell International's dividend payout ratio is 51.42%.

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.