Sciencast Management LP Buys New Shares in Honeywell International Inc. $HON

Key Points

• Sciencast Management LP acquired 16,704 shares of Honeywell International, valued at approximately $3.5 million, during the first quarter, according to a recent SEC filing.
• Analysts have provided mixed ratings on Honeywell's stock, with a consensus price target of $254.00 and several upgrades, including Barclays raising its target from $258.00 to $265.00.
• Honeywell's CEO, Lucian Boldea, sold 42,149 shares recently, reducing his ownership by over 80%, while the company also declared a quarterly dividend of $1.13 per share.

Sciencast Management LP bought a new stake in Honeywell International Inc. (NASDAQ:HON - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 16,704 shares of the conglomerate's stock, valued at approximately $3,537,000.

Several other institutional investors have also added to or reduced their stakes in the business. CTC Alternative Strategies Ltd. purchased a new stake in Honeywell International during the first quarter valued at about $275,000. Goldman Sachs Group Inc. boosted its position in Honeywell International by 9.1% during the first quarter. Goldman Sachs Group Inc. now owns 6,038,080 shares of the conglomerate's stock valued at $1,278,563,000 after buying an additional 505,083 shares during the period. Kestra Investment Management LLC boosted its position in Honeywell International by 53.9% during the first quarter. Kestra Investment Management LLC now owns 5,058 shares of the conglomerate's stock valued at $1,071,000 after buying an additional 1,771 shares during the period. Coordinated Financial Services Inc. CO purchased a new stake in Honeywell International during the first quarter valued at about $398,000. Finally, Teza Capital Management LLC purchased a new stake in Honeywell International during the first quarter valued at about $266,000. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Barclays upped their price target on shares of Honeywell International from $258.00 to $265.00 and gave the company an "overweight" rating in a research report on Wednesday, July 9th. Wall Street Zen upgraded shares of Honeywell International from a "hold" rating to a "buy" rating in a research report on Thursday, May 15th. Royal Bank Of Canada dropped their target price on shares of Honeywell International from $254.00 to $253.00 and set a "sector perform" rating for the company in a report on Friday, July 25th. Mizuho increased their target price on shares of Honeywell International from $235.00 to $250.00 and gave the stock an "outperform" rating in a report on Friday, May 16th. Finally, Wells Fargo & Company dropped their target price on shares of Honeywell International from $240.00 to $230.00 and set an "equal weight" rating for the company in a report on Friday, July 25th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eight have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $254.00.

Insider Transactions at Honeywell International

In related news, CEO Lucian Boldea sold 42,149 shares of the firm's stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $221.58, for a total value of $9,339,375.42. Following the sale, the chief executive officer owned 10,334 shares in the company, valued at approximately $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 can be accessed through the SEC website. Corporate insiders own 0.41% of the company's stock.

Honeywell International Stock Performance

Shares of HON opened at $214.25 on Monday. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.29 and a quick ratio of 0.97. Honeywell International Inc. has a one year low of $179.36 and a one year high of $242.77. The company has a 50-day simple moving average of $225.90 and a two-hundred day simple moving average of $217.42. The firm has a market capitalization of $136.03 billion, a PE ratio of 24.37, a price-to-earnings-growth ratio of 2.42 and a beta of 1.05.

Honeywell International (NASDAQ:HON - Get Free Report) last announced its earnings results on Thursday, July 24th. The conglomerate reported $2.75 earnings per share for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $10.01 billion. During the same quarter last year, the firm earned $2.49 earnings per share. The business'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. On average, analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 5th. Investors of record on Friday, August 15th were given a dividend of $1.13 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $4.52 annualized dividend and a dividend yield of 2.1%. Honeywell International's dividend payout ratio (DPR) is 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.

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