Paulson & CO. Inc. Buys Shares of 200,000 Honeywell International Inc. $HON

Key Points

• Paulson & CO. Inc. has made a significant investment in Honeywell International Inc., acquiring 200,000 shares valued at approximately $42.35 million, which now represents 2.4% of their portfolio.
• Analysts have varying opinions on Honeywell's stock, with price targets ranging from $217 to $265, and an average rating of "Moderate Buy".
• Honeywell recently declared a quarterly dividend of $1.13 per share, with a yield of 2.1%, and announced a strong quarterly earnings report exceeding expectations with earnings per share of $2.75.

Paulson & CO. Inc. acquired a new stake in Honeywell International Inc. (NASDAQ:HON - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 200,000 shares of the conglomerate's stock, valued at approximately $42,350,000. Honeywell International comprises approximately 2.4% of Paulson & CO. Inc.'s investment portfolio, making the stock its 9th biggest holding.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in HON. 1248 Management LLC acquired a new stake in shares of Honeywell International in the first quarter valued at about $38,000. First Financial Bankshares Inc grew its stake in Honeywell International by 1.3% during the 1st quarter. First Financial Bankshares Inc now owns 353,247 shares of the conglomerate's stock valued at $74,800,000 after acquiring an additional 4,617 shares in the last quarter. Graham Capital Management L.P. acquired a new stake in Honeywell International in the 1st quarter valued at about $4,235,000. Retirement Planning Co of New England Inc. raised its holdings in Honeywell International by 19.6% in the 1st quarter. Retirement Planning Co of New England Inc. now owns 4,185 shares of the conglomerate's stock valued at $886,000 after acquiring an additional 685 shares during the last quarter. Finally, Caption Management LLC raised its holdings in Honeywell International by 112.3% in the 1st quarter. Caption Management LLC now owns 27,079 shares of the conglomerate's stock valued at $5,734,000 after acquiring an additional 246,879 shares during the last quarter. Institutional investors and hedge funds own 75.91% of the company's stock.

Insider Buying and Selling

In related news, CEO Lucian Boldea sold 42,149 shares of the stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $221.58, for a total value 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.41% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several brokerages have recently weighed in on HON. Wall Street Zen upgraded Honeywell International from a "hold" rating to a "buy" rating in a report on Thursday, May 15th. Barclays boosted their target price on Honeywell International from $258.00 to $265.00 and gave the stock an "overweight" rating in a report on Wednesday, July 9th. Mizuho boosted their target price on Honeywell International from $235.00 to $250.00 and gave the stock an "outperform" rating in a report on Friday, May 16th. Morgan Stanley boosted their target price on Honeywell International from $225.00 to $245.00 and gave the stock an "equal weight" rating in a report on Monday, July 28th. Finally, Citigroup boosted their target price on Honeywell International from $242.00 to $265.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. 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 company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $254.00.

Honeywell International Trading Up 0.5%

NASDAQ HON traded up $1.16 on Thursday, reaching $215.16. The stock had a trading volume of 4,546,137 shares, compared to its average volume of 4,006,272. Honeywell International Inc. has a 12-month low of $179.36 and a 12-month high of $242.77. The stock has a fifty day moving average price of $226.41 and a two-hundred day moving average price of $217.21. The company has a quick ratio of 0.97, a current ratio of 1.29 and a debt-to-equity ratio of 1.81. The firm has a market capitalization of $136.61 billion, a price-to-earnings ratio of 24.48, a P/E/G ratio of 2.48 and a beta of 1.05.

Honeywell International (NASDAQ:HON - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The conglomerate reported $2.75 earnings per share for the quarter, topping 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 business had revenue of $10.35 billion for the quarter, compared to analyst estimates of $10.01 billion. During the same quarter in the prior year, the company earned $2.49 earnings per share. The company's revenue was up 8.1% on a year-over-year basis. 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, sell-side analysts forecast that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend is Friday, August 15th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.1%. Honeywell International's dividend payout ratio is currently 51.42%.

Honeywell International Company 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.