Mattern Capital Management LLC Trims Stake in Honeywell International Inc. $HON

Key Points

• Mattern Capital Management cut its stake by 93.1% in Q4, selling 38,924 shares and leaving 2,895 shares valued at about $565,000, signaling notable institutional trimming of Honeywell stock.
• Q1 was mixed: EPS beat but revenue and guidance disappointed — Honeywell reported $2.45 adj. EPS (vs. $2.32) but revenue missed ($9.14B vs. ~$9.30B) and issued softer FY/Q2 revenue outlook while advancing portfolio moves like a Warehouse & Workflow sale and an aerospace spin-off.
• Insiders have been net sellers, disposing of 18,190 shares worth roughly $4.24M in the past 90 days, including sizable sales by a VP and a director, which could weigh on sentiment.

Mattern Capital Management LLC decreased its position in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 93.1% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 2,895 shares of the conglomerate's stock after selling 38,924 shares during the period. Mattern Capital Management LLC's holdings in Honeywell International were worth $565,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. FSM Wealth Advisors LLC boosted its position in shares of Honeywell International by 1.1% in the 4th quarter. FSM Wealth Advisors LLC now owns 4,231 shares of the conglomerate's stock worth $825,000 after purchasing an additional 46 shares in the last quarter. Nova R Wealth Inc. increased its stake in shares of Honeywell International by 3.0% in the 3rd quarter. Nova R Wealth Inc. now owns 1,594 shares of the conglomerate's stock worth $335,000 after purchasing an additional 47 shares in the last quarter. EPG Wealth Management LLC increased its stake in shares of Honeywell International by 0.5% in the 4th quarter. EPG Wealth Management LLC now owns 10,049 shares of the conglomerate's stock worth $1,960,000 after purchasing an additional 49 shares in the last quarter. Willow Creek Wealth Management Inc. increased its stake in shares of Honeywell International by 2.2% in the 3rd quarter. Willow Creek Wealth Management Inc. now owns 2,327 shares of the conglomerate's stock worth $490,000 after purchasing an additional 50 shares in the last quarter. Finally, VSM Wealth Advisory LLC increased its stake in shares of Honeywell International by 4.5% in the 3rd quarter. VSM Wealth Advisory LLC now owns 1,150 shares of the conglomerate's stock worth $242,000 after purchasing an additional 50 shares in the last quarter. Hedge funds and other institutional investors own 75.91% of the company's stock.

Insider Buying and Selling at Honeywell International

In related news, VP Robert D. Mailloux sold 5,274 shares of the business's stock in a transaction on Friday, February 6th. The shares were sold at an average price of $239.00, for a total transaction of $1,260,486.00. Following the transaction, the vice president owned 4,803 shares of the company's stock, valued at approximately $1,147,917. The trade was a 52.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director D Scott Davis sold 2,367 shares of the business's stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $240.00, for a total transaction of $568,080.00. Following the transaction, the director directly owned 31,081 shares in the company, valued at $7,459,440. This trade represents a 7.08% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 18,190 shares of company stock worth $4,244,287. 0.15% of the stock is currently owned by corporate insiders.

Key Headlines Impacting Honeywell International

Here are the key news stories impacting Honeywell International this week:

• Positive Sentiment: Adjusted EPS beat: Honeywell reported $2.45 adj. EPS (vs. ~$2.32 consensus) and noted strong orders (≈7% increase) and a roughly $38B backlog, underscoring margin resilience and operational strength. HONEYWELL REPORTS FIRST QUARTER RESULTS AND REAFFIRMS 2026 OUTLOOK
• Positive Sentiment: Portfolio simplification underway: Honeywell agreed to sell its Warehouse & Workflow Solutions unit to American Industrial Partners and is progressing other asset sales and an aerospace spin-off — moves that could unlock value long term and refocus the company. American Industrial Partners to Acquire Honeywell's Warehouse and Workflow Solutions Business
• Neutral Sentiment: Spin-off timing and Quantinuum IPO: Management reaffirmed the aerospace spin-off (timing updated) and Quantinuum is moving toward an IPO — strategic moves with multi-quarter execution risk but potential long-term upside. Honeywell Q1 2026 Earnings Call Highlights
• Negative Sentiment: Revenue miss and softer outlook: Q1 sales were $9.14B vs. ~$9.30B expected, and FY/Q2 revenue guidance came in below Street estimates — a principal driver of the stock’s weakness as investors focus on top-line momentum. HON Q1 Deep Dive: Portfolio Realignment and Supply Chain Hurdles Shape Outlook
• Negative Sentiment: Geopolitics and cash-flow caution: Management flagged Middle East disruptions and supply-chain headwinds that pressured the Q2 outlook and led to lower operating cash-flow expectations, amplifying near-term investor concern. Honeywell stock falls as Middle East conflict hits Q2 outlook
• Negative Sentiment: Analyst trims: Several firms trimmed price targets (Wells Fargo, Citi, Goldman, TD Cowen, Barclays), recalibrating near-term upside even where buy/overweight ratings remain — adding selling pressure despite the EPS beat. Wells Fargo adjusts price target on Honeywell

Analysts Set New Price Targets

Several equities research analysts have recently commented on HON shares. Argus upped their price objective on Honeywell International from $250.00 to $290.00 and gave the stock a "buy" rating in a research note on Wednesday, February 18th. Wall Street Zen upgraded shares of Honeywell International to a "hold" rating in a research report on Saturday, January 3rd. BNP Paribas Exane increased their target price on shares of Honeywell International from $195.00 to $215.00 and gave the company a "neutral" rating in a research report on Monday, February 2nd. Barclays reduced their price target on shares of Honeywell International from $255.00 to $243.00 and set an "overweight" rating for the company in a research report on Friday. Finally, The Goldman Sachs Group reduced their price target on shares of Honeywell International from $262.00 to $258.00 and set a "buy" rating for the company in a research report on Friday. Thirteen investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $250.21.

Honeywell International Trading Down 0.6%

Shares of HON stock opened at $213.14 on Friday. Honeywell International Inc. has a 12 month low of $186.59 and a 12 month high of $248.18. The company has a quick ratio of 1.03, a current ratio of 1.39 and a debt-to-equity ratio of 1.98. The business's 50 day moving average is $232.78 and its two-hundred day moving average is $215.40. The company has a market cap of $135.06 billion, a PE ratio of 30.19, a price-to-earnings-growth ratio of 3.10 and a beta of 0.93.

Honeywell International (NASDAQ:HON - Get Free Report) last announced its quarterly earnings results on Thursday, April 23rd. The conglomerate reported $2.45 EPS for the quarter, beating the consensus estimate of $2.32 by $0.13. Honeywell International had a return on equity of 42.29% and a net margin of 11.37%.The company had revenue of $9.14 billion for the quarter, compared to the consensus estimate of $9.30 billion. During the same quarter last year, the company posted $2.21 earnings per share. The company's revenue for the quarter was up 2.4% compared to the same quarter last year. Honeywell International has set its FY 2026 guidance at 10.350-10.650 EPS and its Q2 2026 guidance at 2.350-2.450 EPS. Equities analysts predict that Honeywell International Inc. will post 10.53 EPS for the current year.

Honeywell International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, February 27th were issued a dividend of $1.19 per share. This represents a $4.76 annualized dividend and a yield of 2.2%. The ex-dividend date was Friday, February 27th. Honeywell International's dividend payout ratio (DPR) is 67.42%.

Honeywell International Company Profile

Honeywell International Inc is a diversified, publicly traded multinational conglomerate NASDAQ: HON that designs and manufactures a wide range of commercial and consumer products, engineering services and aerospace systems. The company operates through major business platforms that historically include Aerospace; Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. Its portfolio spans avionics and propulsion systems, building controls and HVAC equipment, process technologies and advanced materials, industrial automation software, and personal protective equipment and scanning solutions.

Honeywell's aerospace business supplies aircraft manufacturers and operators with engines and auxiliary power units, avionics, flight safety systems and aftermarket services.

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