State of Michigan Retirement System Trims Stock Position in Honeywell International Inc. $HON

Key Points

• State of Michigan Retirement System trimmed its stake in Honeywell by 3.2%, selling 5,500 shares and leaving it with 166,215 shares worth about $32.43 million at quarter-end.
• Honeywell beat adjusted EPS expectations in Q1 ($2.45 vs. $2.32) but missed revenue ($9.14B vs. ~$9.30B) and flagged softer Q2/revenue outlooks amid supply‑chain and geopolitical headwinds while reaffirming FY2026 EPS guidance of 10.35–10.65.
• Insiders have sold ~18,190 shares (~$4.24M) in the past 90 days, institutional ownership is ~75.9%, and analysts maintain a consensus of "Moderate Buy" with an average target of $250.21 despite several recent price‑target trims.

State of Michigan Retirement System cut its holdings in Honeywell International Inc. (NASDAQ:HON - Free Report) by 3.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 166,215 shares of the conglomerate's stock after selling 5,500 shares during the quarter. State of Michigan Retirement System's holdings in Honeywell International were worth $32,427,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Holos Integrated Wealth LLC purchased a new stake in Honeywell International in the 4th quarter valued at approximately $25,000. Barnes Dennig Private Wealth Management LLC increased its position in Honeywell International by 491.7% during the third quarter. Barnes Dennig Private Wealth Management LLC now owns 142 shares of the conglomerate's stock worth $30,000 after buying an additional 118 shares in the last quarter. JPL Wealth Management LLC purchased a new position in Honeywell International during the third quarter worth $31,000. Cedar Mountain Advisors LLC raised its holdings in shares of Honeywell International by 116.7% in the third quarter. Cedar Mountain Advisors LLC now owns 156 shares of the conglomerate's stock worth $33,000 after acquiring an additional 84 shares during the last quarter. Finally, Strive Asset Management LLC acquired a new position in shares of Honeywell International in the third quarter worth $33,000. 75.91% of the stock is owned by hedge funds and other institutional investors.

Honeywell International Price Performance

Shares of NASDAQ:HON opened at $213.14 on Monday. The company has a market cap of $135.06 billion, a P/E ratio of 30.19, a P/E/G ratio of 3.09 and a beta of 0.93. The business has a fifty day simple moving average of $232.78 and a 200-day simple moving average of $215.48. Honeywell International Inc. has a 52 week low of $186.59 and a 52 week high of $248.18. The company has a quick ratio of 1.10, a current ratio of 1.39 and a debt-to-equity ratio of 1.98.

Honeywell International (NASDAQ:HON - Get Free Report) last released its earnings results on Thursday, April 23rd. The conglomerate reported $2.45 earnings per share for the quarter, topping the consensus estimate of $2.32 by $0.13. Honeywell International had a return on equity of 42.29% and a net margin of 11.37%.The firm had revenue of $9.14 billion for the quarter, compared to the consensus estimate of $9.30 billion. During the same period in the prior year, the business posted $2.21 earnings per share. The firm's revenue for the quarter was up 2.4% compared to the same quarter last year. Honeywell International has set its FY 2026 guidance at 10.350-10.650 EPS and its Q2 2026 guidance at 2.350-2.450 EPS. Equities research analysts forecast that Honeywell International Inc. will post 10.53 EPS for the current year.

Honeywell International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Friday, February 27th were paid a dividend of $1.19 per share. The ex-dividend date of this dividend was Friday, February 27th. This represents a $4.76 annualized dividend and a dividend yield of 2.2%. Honeywell International's payout ratio is currently 67.42%.

Insiders Place Their Bets

In other news, VP Robert D. Mailloux sold 5,274 shares of the company's stock in a transaction on Friday, February 6th. The stock was sold at an average price of $239.00, for a total transaction of $1,260,486.00. Following the completion of the sale, the vice president directly owned 4,803 shares in the company, valued at $1,147,917. This represents a 52.34% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director D Scott Davis sold 2,367 shares of Honeywell International stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $240.00, for a total value of $568,080.00. Following the completion of the transaction, the director owned 31,081 shares in the company, valued at $7,459,440. The trade was a 7.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 18,190 shares of company stock valued at $4,244,287. Insiders own 0.15% of the company's stock.

Analyst Ratings Changes

A number of analysts recently commented on the company. Sanford C. Bernstein set a $255.00 price objective on Honeywell International in a research note on Friday, January 16th. The Goldman Sachs Group cut their target price on shares of Honeywell International from $262.00 to $258.00 and set a "buy" rating for the company in a research note on Friday. Wall Street Zen raised shares of Honeywell International to a "hold" rating in a research note on Saturday, January 3rd. BMO Capital Markets started coverage on shares of Honeywell International in a report on Friday, March 27th. They set an "outperform" rating and a $273.00 price target for the company. Finally, Citigroup cut their price objective on shares of Honeywell International from $265.00 to $257.00 and set a "buy" rating for the company in a research report on Friday. Thirteen analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $250.21.

Trending Headlines about Honeywell International

Here are the key news stories impacting Honeywell International this week:

• Positive Sentiment: Adjusted EPS beat: Honeywell reported $2.45 adj. EPS (vs. ~$2.32 consensus) and noted strong orders (≈7% increase) and a roughly $38B backlog, underscoring margin resilience and operational strength. HONEYWELL REPORTS FIRST QUARTER RESULTS AND REAFFIRMS 2026 OUTLOOK
• Positive Sentiment: Portfolio simplification underway: Honeywell agreed to sell its Warehouse & Workflow Solutions unit to American Industrial Partners and is progressing other asset sales and an aerospace spin-off — moves that could unlock value long term and refocus the company. American Industrial Partners to Acquire Honeywell's Warehouse and Workflow Solutions Business
• Neutral Sentiment: Spin-off timing and Quantinuum IPO: Management reaffirmed the aerospace spin-off (timing updated) and Quantinuum is moving toward an IPO — strategic moves with multi-quarter execution risk but potential long-term upside. Honeywell Q1 2026 Earnings Call Highlights
• Negative Sentiment: Revenue miss and softer outlook: Q1 sales were $9.14B vs. ~$9.30B expected, and FY/Q2 revenue guidance came in below Street estimates — a principal driver of the stock’s weakness as investors focus on top-line momentum. HON Q1 Deep Dive: Portfolio Realignment and Supply Chain Hurdles Shape Outlook
• Negative Sentiment: Geopolitics and cash-flow caution: Management flagged Middle East disruptions and supply-chain headwinds that pressured the Q2 outlook and led to lower operating cash-flow expectations, amplifying near-term investor concern. Honeywell stock falls as Middle East conflict hits Q2 outlook
• Negative Sentiment: Analyst trims: Several firms trimmed price targets (Wells Fargo, Citi, Goldman, TD Cowen, Barclays), recalibrating near-term upside even where buy/overweight ratings remain — adding selling pressure despite the EPS beat. Wells Fargo adjusts price target on Honeywell

Honeywell International Company Profile

Honeywell International Inc is a diversified, publicly traded multinational conglomerate NASDAQ: HON that designs and manufactures a wide range of commercial and consumer products, engineering services and aerospace systems. The company operates through major business platforms that historically include Aerospace; Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. Its portfolio spans avionics and propulsion systems, building controls and HVAC equipment, process technologies and advanced materials, industrial automation software, and personal protective equipment and scanning solutions.

Honeywell's aerospace business supplies aircraft manufacturers and operators with engines and auxiliary power units, avionics, flight safety systems and aftermarket services.

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