State of New Jersey Common Pension Fund D Cuts Holdings in Honeywell International Inc. $HON

Key Points

• The State of New Jersey Common Pension Fund D reduced its stake in Honeywell International Inc. by 8.0%, now holding 219,184 shares valued at approximately $46.4 million.
• Honeywell recently reported earnings of $2.75 EPS for the last quarter, exceeding analysts' expectations, with revenues reaching $10.35 billion.
• The company's quarterly dividend of $1.13 per share will be paid on September 5th, representing an annualized yield of 2.1%.

State of New Jersey Common Pension Fund D cut its position in Honeywell International Inc. (NASDAQ:HON - Free Report) by 8.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 219,184 shares of the conglomerate's stock after selling 19,124 shares during the period. State of New Jersey Common Pension Fund D's holdings in Honeywell International were worth $46,412,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of HON. Vanguard Group Inc. boosted its position in Honeywell International by 0.7% during the first quarter. Vanguard Group Inc. now owns 62,209,455 shares of the conglomerate's stock worth $13,172,852,000 after purchasing an additional 447,744 shares in the last quarter. Capital World Investors purchased a new position in Honeywell International during the fourth quarter worth approximately $1,594,216,000. Capital Research Global Investors boosted its position in Honeywell International by 5.5% during the fourth quarter. Capital Research Global Investors now owns 6,641,017 shares of the conglomerate's stock worth $1,500,141,000 after purchasing an additional 346,190 shares in the last quarter. Northern Trust Corp boosted its position in Honeywell International by 5.7% during the fourth quarter. Northern Trust Corp now owns 6,253,570 shares of the conglomerate's stock worth $1,412,619,000 after purchasing an additional 337,199 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in shares of Honeywell International by 9.1% in 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 acquiring an additional 505,083 shares in the last quarter. 75.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on HON. 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 research report on Wednesday, May 7th. Morgan Stanley lifted their price objective on Honeywell International from $225.00 to $245.00 and gave the stock an "equal weight" rating in a research report on Monday, July 28th. Wall Street Zen raised Honeywell International from a "hold" rating to a "buy" rating in a research report on Thursday, May 15th. Royal Bank Of Canada cut their price objective 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. Finally, Wells Fargo & Company lowered their target price on Honeywell International from $240.00 to $230.00 and set an "equal weight" rating for the company in a research note on Friday, July 25th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $254.00.

Honeywell International Stock Performance

Shares of NASDAQ HON traded up $0.34 during trading hours on Tuesday, reaching $216.74. The stock had a trading volume of 2,275,523 shares, compared to its average volume of 4,067,386. The firm has a market cap of $137.61 billion, a price-to-earnings ratio of 24.66, a PEG ratio of 2.45 and a beta of 1.08. The company has a current ratio of 1.29, a quick ratio of 0.97 and a debt-to-equity ratio of 1.81. Honeywell International Inc. has a fifty-two week low of $179.36 and a fifty-two week high of $242.77. The firm has a 50-day moving average of $227.50 and a 200-day moving average of $216.62.

Honeywell International (NASDAQ:HON - Get Free Report) last announced its earnings results on Thursday, July 24th. The conglomerate reported $2.75 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.66 by $0.09. The firm had revenue of $10.35 billion during the quarter, compared to analysts' expectations of $10.01 billion. Honeywell International had a return on equity of 37.37% and a net margin of 14.30%.The business's revenue was up 8.1% on a year-over-year basis. During the same period in the prior year, the firm earned $2.49 EPS. Honeywell International has set its FY 2025 guidance at 10.450-10.650 EPS. Q3 2025 guidance at 2.500-2.600 EPS. 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. Stockholders of record on Friday, August 15th will be paid a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a dividend yield of 2.1%. The ex-dividend date is Friday, August 15th. Honeywell International's dividend 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.