OMERS ADMINISTRATION Corp Has $5.18 Million Stock Position in Honeywell International Inc. $HON

Key Points

• OMERS ADMINISTRATION Corp increased its holdings in Honeywell International by 424.7% in Q1, acquiring an additional 19,806 shares, bringing its total to 24,470 shares worth approximately $5.18 million.
• Multiple analysts have raised their price targets for Honeywell International, with the average target now at $254.00, reflecting a general consensus of a Moderate Buy rating.
• Honeywell International declared a quarterly dividend of $1.13 per share, with an ex-dividend date of August 15th, representing an annual yield of 2.0%.

OMERS ADMINISTRATION Corp grew its position in Honeywell International Inc. (NASDAQ:HON - Free Report) by 424.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,470 shares of the conglomerate's stock after buying an additional 19,806 shares during the quarter. OMERS ADMINISTRATION Corp's holdings in Honeywell International were worth $5,182,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in HON. Mpwm Advisory Solutions LLC purchased a new stake in Honeywell International during the 4th quarter worth about $29,000. Pandora Wealth Inc. purchased a new stake in Honeywell International during the 1st quarter worth about $33,000. Accredited Wealth Management LLC purchased a new stake in Honeywell International during the 4th quarter worth about $34,000. Banque de Luxembourg S.A. purchased a new stake in Honeywell International during the 4th quarter worth about $38,000. Finally, Stone House Investment Management LLC purchased a new stake in Honeywell International during the 1st quarter worth about $41,000. Hedge funds and other institutional investors own 75.91% of the company's stock.

Analysts Set New Price Targets

HON has been the subject of several recent analyst reports. Barclays lifted their price target on Honeywell International from $258.00 to $265.00 and gave the company an "overweight" rating in a report on Wednesday, July 9th. Wells Fargo & Company reduced 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. Mizuho lifted their price objective on Honeywell International from $235.00 to $250.00 and gave the company an "outperform" rating in a research note on Friday, May 16th. Bank of America raised Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 price objective on the stock in a research note on Wednesday, May 7th. Finally, Royal Bank Of Canada reduced their price target on Honeywell International from $254.00 to $253.00 and set a "sector perform" rating on the stock in a research report on Friday, July 25th. One equities research 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 company presently has an average rating of "Moderate Buy" and an average price target of $254.00.

Insiders Place Their Bets

In related 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 directly owned 10,334 shares of the company's stock, valued at approximately $2,289,807.72. The trade was a 80.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.41% of the company's stock.

Honeywell International Stock Performance

HON stock traded down $1.47 during trading on Tuesday, reaching $218.04. 1,968,425 shares of the company's stock were exchanged, compared to its average volume of 3,997,532. The company has a quick ratio of 0.97, a current ratio of 1.29 and a debt-to-equity ratio of 1.81. Honeywell International Inc. has a 1-year low of $179.36 and a 1-year high of $242.77. The company's fifty day moving average price is $226.71 and its 200-day moving average price is $217.23. The firm has a market cap of $138.43 billion, a PE ratio of 24.81, a P/E/G ratio of 2.48 and a beta of 1.05.

Honeywell International (NASDAQ:HON - Get Free Report) last announced 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 company had revenue of $10.35 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. 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. On average, research analysts expect that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 5th. Stockholders of record on Friday, August 15th will be issued a dividend of $1.13 per share. This represents a $4.52 annualized dividend 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%.

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.