Mirae Asset Global Investments Co. Ltd. Has $62.07 Million Stake in Honeywell International Inc. $HON

Key Points

• Mirae Asset Global Investments has increased its stake in Honeywell International by 7.5%, owning 266,526 shares valued at approximately $62.07 million as of their latest SEC filing.
• Honeywell International has announced a quarterly dividend of $1.19 per share, representing a positive increase from the previous dividend of $1.13, with an ex-dividend date set for November 14th.
• The company's recent earnings report showed an EPS of $2.75, exceeding consensus estimates, and a revenue of $10.35 billion, up 8.1% year-over-year.

Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 7.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 266,526 shares of the conglomerate's stock after acquiring an additional 18,590 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in Honeywell International were worth $62,069,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Pandora Wealth Inc. bought a new position in Honeywell International in the first quarter valued at $33,000. 1248 Management LLC bought a new position in Honeywell International in the first quarter valued at $38,000. Dogwood Wealth Management LLC grew its position in Honeywell International by 143.9% in the second quarter. Dogwood Wealth Management LLC now owns 161 shares of the conglomerate's stock valued at $39,000 after purchasing an additional 95 shares in the last quarter. Stone House Investment Management LLC bought a new position in Honeywell International in the first quarter valued at $41,000. Finally, Quarry LP bought a new position in Honeywell International in the first quarter valued at $41,000. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Honeywell International

In other Honeywell International news, CEO Lucian Boldea sold 42,149 shares of Honeywell International 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 sale, the chief executive officer owned 10,334 shares in the company, valued at $2,289,807.72. The trade was a 80.31% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.20% of the company's stock.

Honeywell International Stock Performance

Shares of HON opened at $211.01 on Friday. The company has a market cap of $133.97 billion, a PE ratio of 24.01, a price-to-earnings-growth ratio of 2.37 and a beta of 1.06. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.29 and a quick ratio of 0.97. The firm has a 50-day moving average of $215.93 and a 200-day moving average of $217.35. Honeywell International Inc. has a one year low of $179.36 and a one year high of $242.77.

Honeywell International (NASDAQ:HON - Get Free Report) last announced 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. The business had revenue of $10.35 billion during the quarter, compared to the consensus estimate of $10.01 billion. Honeywell International had a net margin of 14.30% and a return on equity of 37.37%. Honeywell International's revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the firm 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. As a group, equities analysts forecast that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Friday, November 14th will be issued a dividend of $1.19 per share. This represents a $4.76 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Friday, November 14th. This is a positive change from Honeywell International's previous quarterly dividend of $1.13. Honeywell International's payout ratio is presently 54.15%.

Wall Street Analyst Weigh In

HON has been the subject of a number of analyst reports. Royal Bank Of Canada decreased their target price 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. Morgan Stanley raised their target price on shares of Honeywell International from $225.00 to $245.00 and gave the company an "equal weight" rating in a research report on Monday, July 28th. Barclays raised their target price on shares of Honeywell International from $258.00 to $265.00 and gave the company an "overweight" rating in a research report on Wednesday, July 9th. Wells Fargo & Company decreased their price objective on shares of 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. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Honeywell International from $268.00 to $271.00 and gave the company a "buy" rating in a research report on Thursday. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $254.79.

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.

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