Honeywell International Inc. $HON Stock Position Lowered by MetLife Investment Management LLC

Key Points

• MetLife Investment Management LLC reduced its stake in Honeywell International by 1.9%, holding a total of 173,316 shares worth approximately $36.7 million after selling 3,273 shares.
• Honeywell International reported $2.75 earnings per share for the last quarter, surpassing the forecast of $2.66, with revenues reaching $10.35 billion against estimates of $10.01 billion.
• The company declared a quarterly dividend of $1.13, providing a yield of 2.0%, with the payout date set for September 5th for shareholders recorded on August 15th.

MetLife Investment Management LLC trimmed its stake in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 1.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 173,316 shares of the conglomerate's stock after selling 3,273 shares during the period. MetLife Investment Management LLC's holdings in Honeywell International were worth $36,700,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Mpwm Advisory Solutions LLC purchased a new position in shares of Honeywell International during the 4th quarter worth approximately $29,000. Accredited Wealth Management LLC purchased a new position in shares of Honeywell International during the 4th quarter worth $34,000. Pandora Wealth Inc. purchased a new position in shares of Honeywell International during the 1st quarter worth $33,000. Banque de Luxembourg S.A. purchased a new position in shares of Honeywell International during the 4th quarter worth $38,000. Finally, Stone House Investment Management LLC purchased a new position in shares of Honeywell International during the 1st quarter worth $41,000. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Honeywell International Stock Down 0.5%

Shares of Honeywell International stock traded down $1.21 during trading on Friday, reaching $220.15. The company had a trading volume of 752,376 shares, compared to its average volume of 4,002,752. The company has a market cap of $139.77 billion, a price-to-earnings ratio of 25.04, a price-to-earnings-growth ratio of 2.50 and a beta of 1.08. The firm's fifty day moving average is $226.86 and its 200-day moving average is $216.86. 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 Inc. has a fifty-two week low of $179.36 and a fifty-two week high of $242.77.

Honeywell International (NASDAQ:HON - Get Free Report) last issued its earnings results 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 business had revenue of $10.35 billion for the quarter, compared to analyst estimates of $10.01 billion. Honeywell International had a net margin of 14.30% and a return on equity of 37.37%. The company's revenue for the quarter was up 8.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.49 EPS. 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 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 given a $1.13 dividend. The ex-dividend date is Friday, August 15th. This represents a $4.52 annualized dividend and a yield of 2.1%. Honeywell International's dividend payout ratio is 51.42%.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Mizuho boosted their price objective on shares of Honeywell International from $235.00 to $250.00 and gave the company an "outperform" rating in a research note on Friday, May 16th. Wall Street Zen raised shares of Honeywell International from a "hold" rating to a "buy" rating in a research note on Thursday, May 15th. Bank of America raised shares of Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 price objective for the company in a research note on Wednesday, May 7th. 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 for the company in a research note on Friday, July 25th. Finally, Wells Fargo & Company reduced their target price on shares of Honeywell International from $240.00 to $230.00 and set an "equal weight" rating on the stock in a report on Friday, July 25th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and eight have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $254.00.

Insider Buying and Selling

In other Honeywell International news, CEO Lucian Boldea sold 42,149 shares of the company's stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $221.58, for a total value of $9,339,375.42. Following the completion of the transaction, the chief executive officer owned 10,334 shares in the company, valued at approximately $2,289,807.72. This represents a 80.31% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.20% of the company's stock.

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.