QRG Capital Management Inc. Has $21.86 Million Position in Honeywell International Inc. $HON

Key Points

• QRG Capital Management Inc. increased its stake in Honeywell International by 25.3%, now holding 93,852 shares worth approximately $21.86 million.
• Honeywell recently reported $2.75 EPS for the quarter, exceeding estimates and showing an 8.1% revenue growth year-over-year.
• The company declared a quarterly dividend of $1.19, an increase from the previous $1.13, representing a 2.3% yield.

QRG Capital Management Inc. raised its stake in Honeywell International Inc. (NASDAQ:HON - Free Report) by 25.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 93,852 shares of the conglomerate's stock after acquiring an additional 18,936 shares during the period. QRG Capital Management Inc.'s holdings in Honeywell International were worth $21,856,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Pandora Wealth Inc. bought a new position in Honeywell International in the 1st quarter valued at about $33,000. 1248 Management LLC bought a new stake in shares of Honeywell International during the 1st quarter worth approximately $38,000. Dogwood Wealth Management LLC boosted its position in shares of Honeywell International by 143.9% during the 2nd quarter. Dogwood Wealth Management LLC now owns 161 shares of the conglomerate's stock worth $39,000 after acquiring an additional 95 shares in the last quarter. Stone House Investment Management LLC bought a new position in Honeywell International in the first quarter valued at approximately $41,000. Finally, Quarry LP acquired a new position in Honeywell International during the first quarter valued at approximately $41,000. 75.91% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CEO Lucian Boldea sold 42,149 shares of Honeywell International stock in a transaction that occurred 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 directly owned 10,334 shares of the company's stock, valued at $2,289,807.72. The trade was a 80.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.20% of the stock is owned by company insiders.

Honeywell International Stock Performance

Honeywell International stock opened at $209.05 on Friday. The business has a 50 day moving average of $215.63 and a 200-day moving average of $217.40. 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 company has a market capitalization of $132.73 billion, a P/E ratio of 23.78, a P/E/G ratio of 2.36 and a beta of 1.06.

Honeywell International (NASDAQ:HON - Get Free Report) last posted its earnings results on Thursday, July 24th. The conglomerate reported $2.75 EPS for the quarter, topping the consensus estimate of $2.66 by $0.09. Honeywell International had a net margin of 14.30% and a return on equity of 37.37%. The business had revenue of $10.35 billion for the quarter, compared to the consensus estimate of $10.01 billion. During the same period last year, the company earned $2.49 EPS. The firm's revenue 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. On average, equities research analysts predict that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Friday, November 14th will be issued a $1.19 dividend. The ex-dividend date is Friday, November 14th. This is a positive change from Honeywell International's previous quarterly dividend of $1.13. This represents a $4.76 dividend on an annualized basis and a yield of 2.3%. Honeywell International's dividend payout ratio (DPR) is currently 51.42%.

Analysts Set New Price Targets

A number of brokerages have weighed in on HON. Royal Bank Of Canada reduced their target price on Honeywell International from $254.00 to $253.00 and set a "sector perform" rating on the stock in a report on Friday, July 25th. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Honeywell International in a research note on Saturday, September 27th. Wells Fargo & Company decreased 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. Morgan Stanley increased their target price on shares of Honeywell International from $225.00 to $245.00 and gave the stock an "equal weight" rating in a report on Monday, July 28th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Honeywell International from $268.00 to $271.00 and gave the stock a "buy" rating in a research report on Thursday. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eight have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Honeywell International has a consensus rating of "Moderate Buy" and a consensus price target of $254.79.

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.

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