Nissay Asset Management Corp Japan ADV Acquires 14,480 Shares of Honeywell International Inc. $HON

Key Points

• Nissay Asset Management Corp Japan ADV increased its holdings in Honeywell International by 9.9%, owning 160,807 shares worth approximately $34.05 million at the end of the first quarter.
• Several institutional investors have also raised their stakes in Honeywell, with Nuveen LLC investing over $1.15 billion during the same period.
• Honeywell reported earnings of $2.75 per share for the last quarter, exceeding analysts' expectations, and declared a quarterly dividend of $1.13 per share to be paid soon.

Nissay Asset Management Corp Japan ADV raised its holdings in Honeywell International Inc. (NASDAQ:HON - Free Report) by 9.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 160,807 shares of the conglomerate's stock after acquiring an additional 14,480 shares during the period. Nissay Asset Management Corp Japan ADV's holdings in Honeywell International were worth $34,051,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Red Door Wealth Management LLC lifted its holdings in shares of Honeywell International by 2.6% in the first quarter. Red Door Wealth Management LLC now owns 29,090 shares of the conglomerate's stock valued at $6,160,000 after purchasing an additional 736 shares in the last quarter. Spinnaker Trust raised its holdings in Honeywell International by 2.4% during the first quarter. Spinnaker Trust now owns 11,598 shares of the conglomerate's stock worth $2,456,000 after acquiring an additional 276 shares in the last quarter. Beacon Financial Group raised its stake in Honeywell International by 52.6% in the first quarter. Beacon Financial Group now owns 3,759 shares of the conglomerate's stock valued at $796,000 after buying an additional 1,295 shares during the period. WIM INVESTMENT MANAGEMENT Ltd raised its stake in Honeywell International by 40.5% in the first quarter. WIM INVESTMENT MANAGEMENT Ltd now owns 28,800 shares of the conglomerate's stock valued at $6,098,000 after buying an additional 8,300 shares during the period. Finally, Codex Capital Asset Management L.L.C. bought a new stake in Honeywell International in the first quarter valued at approximately $5,294,000. 75.91% of the stock is owned by institutional investors and hedge funds.

Honeywell International Price Performance

NASDAQ:HON traded down $0.91 during trading hours on Friday, reaching $214.25. 4,104,308 shares of the company were exchanged, compared to its average volume of 3,058,853. The company has a market capitalization of $136.03 billion, a P/E ratio of 24.37, a P/E/G ratio of 2.42 and a beta of 1.05. Honeywell International Inc. has a 1-year low of $179.36 and a 1-year high of $242.77. 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 business has a 50 day moving average of $225.90 and a 200 day moving average of $217.42.

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

Honeywell International Announces Dividend

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

Insider Transactions at Honeywell International

In related news, CEO Lucian Boldea sold 42,149 shares of the stock in a transaction that occurred 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 sale, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.41% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

HON has been the topic of several research analyst reports. Royal Bank Of Canada dropped their price objective on Honeywell International from $254.00 to $253.00 and set a "sector perform" rating on the stock in a research note on Friday, July 25th. Wells Fargo & Company dropped their price objective on Honeywell International from $240.00 to $230.00 and set an "equal weight" rating on the stock in a research note on Friday, July 25th. Citigroup upped their target price on Honeywell International from $242.00 to $265.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Morgan Stanley upped their target price on Honeywell International from $225.00 to $245.00 and gave the company an "equal weight" rating in a research report on Monday, July 28th. Finally, Wall Street Zen raised Honeywell International from a "hold" rating to a "buy" rating in a research report on Thursday, May 15th. One research 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 stock. According to MarketBeat.com, Honeywell International presently has a consensus rating of "Moderate Buy" and an average price target of $254.00.

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.