Mission Creek Capital Partners Inc. Lowers Position in Honeywell International Inc. $HON

Key Points

• Mission Creek Capital Partners Inc. reduced its holdings in Honeywell International Inc. by 28.1%, resulting in ownership of 5,820 shares valued at approximately $1.23 million.
• Institutional investors collectively own 75.91% of Honeywell's stock, with companies like Vanguard and Goldman Sachs increasing their stakes in the first quarter of 2023.
• Honeywell announced a quarterly dividend of $1.13 per share, reflecting a 2.0% dividend yield and a payout ratio of 51.42%.

Mission Creek Capital Partners Inc. cut its holdings in Honeywell International Inc. (NASDAQ:HON - Free Report) by 28.1% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,820 shares of the conglomerate's stock after selling 2,274 shares during the quarter. Mission Creek Capital Partners Inc.'s holdings in Honeywell International were worth $1,232,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in HON. Brighton Jones LLC lifted its stake in Honeywell International by 9.1% in the fourth quarter. Brighton Jones LLC now owns 19,047 shares of the conglomerate's stock valued at $4,302,000 after buying an additional 1,582 shares during the period. Utah Retirement Systems raised its position in shares of Honeywell International by 0.4% during the fourth quarter. Utah Retirement Systems now owns 108,096 shares of the conglomerate's stock worth $24,418,000 after purchasing an additional 400 shares during the period. Becker Capital Management Inc. raised its position in shares of Honeywell International by 735.0% during the fourth quarter. Becker Capital Management Inc. now owns 75,954 shares of the conglomerate's stock worth $17,157,000 after purchasing an additional 66,858 shares during the period. Rehmann Capital Advisory Group raised its position in shares of Honeywell International by 28.6% during the fourth quarter. Rehmann Capital Advisory Group now owns 3,155 shares of the conglomerate's stock worth $713,000 after purchasing an additional 702 shares during the period. Finally, Parvin Asset Management LLC bought a new stake in Honeywell International during the fourth quarter worth $443,000. 75.91% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently issued reports on HON. Wall Street Zen upgraded Honeywell International from a "hold" rating to a "buy" rating in a report on Thursday, May 15th. Barclays upped their price target on Honeywell International from $258.00 to $265.00 and gave the stock an "overweight" rating in a report on Wednesday, July 9th. Royal Bank Of Canada decreased their price target on Honeywell International from $254.00 to $253.00 and set a "sector perform" rating for the company in a report on Friday, July 25th. Mizuho upped their price target on Honeywell International from $235.00 to $250.00 and gave the stock an "outperform" rating in a report on Friday, May 16th. Finally, Morgan Stanley upped their price target on Honeywell International from $225.00 to $245.00 and gave the stock an "equal weight" rating in a report on Monday, July 28th. One investment 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 company. According to MarketBeat.com, Honeywell International currently has a consensus rating of "Moderate Buy" and a consensus price target of $254.00.

Honeywell International Stock Performance

NASDAQ:HON traded down $1.85 during trading on Friday, reaching $219.50. The company's stock had a trading volume of 1,991,059 shares, compared to its average volume of 3,115,309. The firm has a market cap of $139.36 billion, a price-to-earnings ratio of 24.97, a price-to-earnings-growth ratio of 2.48 and a beta of 1.08. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.97 and a current ratio of 1.29. The firm has a 50 day moving average of $226.81 and a 200-day moving average of $217.03. Honeywell International Inc. has a 12 month low of $179.36 and a 12 month high of $242.77.

Honeywell International (NASDAQ:HON - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The conglomerate reported $2.75 EPS for the quarter, beating analysts' consensus estimates of $2.66 by $0.09. Honeywell International had a return on equity of 37.37% and a net margin of 14.30%.The firm had revenue of $10.35 billion for the quarter, compared to analysts' expectations of $10.01 billion. During the same quarter in the prior year, the firm earned $2.49 EPS. The business's revenue for the quarter was up 8.1% compared to the same quarter last year. 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 expect that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 5th. Stockholders of record on Friday, August 15th will be given a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Friday, August 15th. Honeywell International's dividend payout ratio is currently 51.42%.

Insider Activity at Honeywell International

In other news, CEO Lucian Boldea sold 42,149 shares of the company's stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $221.58, for a total transaction of $9,339,375.42. Following the transaction, the chief executive officer owned 10,334 shares of the company's stock, valued at $2,289,807.72. This represents a 80.31% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.20% of the stock is owned by corporate insiders.

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.