Quantitative Investment Management LLC Takes Position in Honeywell International Inc. $HON

Key Points

• Quantitative Investment Management LLC invested approximately $8.81 million in Honeywell International Inc. during the first quarter, acquiring 41,590 shares which account for 0.8% of their investment portfolio.
• Multiple analysts have updated their ratings on Honeywell, with JPMorgan raising the price target from $182 to $217, while maintaining a "neutral" rating.
• Honeywell International reported a quarterly earnings per share (EPS) of $2.75, exceeding estimates, and declared a quarterly dividend of $1.13 per share, with a dividend yield of 2.0%.

Quantitative Investment Management LLC purchased a new stake in Honeywell International Inc. (NASDAQ:HON - Free Report) in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 41,590 shares of the conglomerate's stock, valued at approximately $8,806,000. Honeywell International comprises approximately 0.8% of Quantitative Investment Management LLC's portfolio, making the stock its 24th biggest position.

A number of other institutional investors and hedge funds also recently bought and sold shares of HON. Brighton Jones LLC lifted its holdings in Honeywell International by 9.1% in the 4th quarter. Brighton Jones LLC now owns 19,047 shares of the conglomerate's stock valued at $4,302,000 after acquiring an additional 1,582 shares during the last quarter. Integrated Wealth Concepts LLC raised its holdings in Honeywell International by 3.3% during the 4th quarter. Integrated Wealth Concepts LLC now owns 25,587 shares of the conglomerate's stock worth $5,780,000 after buying an additional 822 shares during the period. Kovitz Investment Group Partners LLC raised its holdings in Honeywell International by 27.2% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 107,237 shares of the conglomerate's stock worth $24,224,000 after buying an additional 22,912 shares during the period. Nebula Research & Development LLC acquired a new stake in Honeywell International during the 4th quarter worth about $649,000. Finally, Coldstream Capital Management Inc. raised its holdings in Honeywell International by 2.7% during the 4th quarter. Coldstream Capital Management Inc. now owns 34,585 shares of the conglomerate's stock worth $7,812,000 after buying an additional 923 shares during the period. 75.91% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Honeywell International 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 transaction, the chief executive officer owned 10,334 shares in the company, valued at $2,289,807.72. This trade represents a 80.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.20% of the stock is currently owned by company insiders.

Honeywell International Stock Performance

HON stock traded down $1.28 during midday trading on Friday, hitting $220.07. 705,355 shares of the company traded hands, compared to its average volume of 4,002,428. Honeywell International Inc. has a twelve month low of $179.36 and a twelve month high of $242.77. 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 business has a 50 day simple moving average of $226.86 and a 200-day simple moving average of $216.86. The stock has a market capitalization of $139.72 billion, a price-to-earnings ratio of 25.03, a price-to-earnings-growth ratio of 2.50 and a beta of 1.08.

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

Honeywell International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 5th. Shareholders 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 yield of 2.1%. The ex-dividend date is Friday, August 15th. Honeywell International's dividend payout ratio (DPR) is 51.42%.

Wall Street Analyst Weigh In

Several analysts have issued reports on HON shares. JPMorgan Chase & Co. boosted their price objective on Honeywell International from $182.00 to $217.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. 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 report on Friday, July 25th. Mizuho upped their target price on Honeywell International from $235.00 to $250.00 and gave the company an "outperform" rating in a report on Friday, May 16th. Wall Street Zen upgraded Honeywell International from a "hold" rating to a "buy" rating in a report on Thursday, May 15th. Finally, Bank of America upgraded Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 target price on the stock in a report on Wednesday, May 7th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eight have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $254.00.

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.