Honeywell International Inc. $HON Shares Bought by Philadelphia Trust Co.

Key Points

• Philadelphia Trust Co. increased its stake in Honeywell International by 50.2% during the first quarter, holding 106,485 shares valued at approximately $22.55 million.
• Several large institutional investors, including Capital World Investors and Nuveen LLC, have recently added substantial stakes in Honeywell International, contributing to institutional ownership which exceeds 75%.
• Honeywell's recent earnings report showed an EPS of $2.75, beating expectations, and the company declared a quarterly dividend of $1.13 to be paid in September.

Philadelphia Trust Co. grew its stake in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 50.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 106,485 shares of the conglomerate's stock after acquiring an additional 35,576 shares during the quarter. Honeywell International comprises approximately 1.9% of Philadelphia Trust Co.'s investment portfolio, making the stock its 13th largest holding. Philadelphia Trust Co.'s holdings in Honeywell International were worth $22,548,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of HON. Capital World Investors acquired a new position in shares of Honeywell International during the fourth quarter valued at about $1,594,216,000. Nuveen LLC purchased a new stake in Honeywell International in the first quarter valued at approximately $1,150,929,000. GAMMA Investing LLC boosted its position in Honeywell International by 20,894.0% in the first quarter. GAMMA Investing LLC now owns 1,326,614 shares of the conglomerate's stock valued at $2,809,110,000 after buying an additional 1,320,295 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd boosted its position in Honeywell International by 592.0% in the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 867,665 shares of the conglomerate's stock valued at $183,728,000 after buying an additional 742,281 shares during the last quarter. Finally, Leigh Baldwin & CO. LLC purchased a new stake in Honeywell International in the fourth quarter valued at approximately $123,294,000. Institutional investors and hedge funds own 75.91% of the company's stock.

Analyst Upgrades and Downgrades

HON has been the topic of a number of recent research reports. Wells Fargo & Company dropped their target price on Honeywell International from $240.00 to $230.00 and set an "equal weight" rating on the stock in a research report on Friday, July 25th. Mizuho upped their price objective on Honeywell International from $235.00 to $250.00 and gave the stock an "outperform" rating in a research report on Friday, May 16th. JPMorgan Chase & Co. upped their price objective on Honeywell International from $182.00 to $217.00 and gave the stock a "neutral" rating in a research report on Friday, May 16th. Citigroup upped their price objective on Honeywell International from $242.00 to $265.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Finally, Royal Bank Of Canada lowered their price objective 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 investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $254.00.

Honeywell International Trading Up 0.2%

Shares of HON traded up $0.34 during midday trading on Tuesday, reaching $216.74. The company had a trading volume of 2,276,151 shares, compared to its average volume of 3,983,055. Honeywell International Inc. has a 1-year low of $179.36 and a 1-year high of $242.77. The stock has a market cap of $137.61 billion, a PE ratio of 24.66, a price-to-earnings-growth ratio of 2.44 and a beta of 1.08. The firm has a 50 day simple moving average of $227.50 and a 200-day simple moving average of $216.62. 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 (NASDAQ:HON - Get Free Report) last issued its 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. 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 during the quarter, compared to the consensus estimate of $10.01 billion. During the same period last year, the company earned $2.49 EPS. The company's revenue for the quarter 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. Research analysts forecast that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Investors of record on Friday, August 15th will be issued a $1.13 dividend. This represents a $4.52 annualized dividend and a yield of 2.1%. The ex-dividend date is Friday, August 15th. Honeywell International's payout ratio is 51.42%.

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.