Studio Investment Management LLC Invests $2.58 Million in Honeywell International Inc. $HON

Key Points

• Studio Investment Management initiated a $2.58 million position in Honeywell during the second quarter, while institutional investors collectively own 75.91% of the company.
• Honeywell reported quarterly EPS of $1.95, beating estimates by $0.15, with revenue of $9.72 billion and year-over-year revenue growth of 3.4%.
• Analyst sentiment is mixed, with an overall “Hold” consensus and an average price target of $254.04; Honeywell pays a $0.70 quarterly dividend, yielding approximately 1.3%.

Studio Investment Management LLC bought a new stake in Honeywell International Inc. (NASDAQ:HON - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 10,069 shares of the conglomerate's stock, valued at approximately $2,578,000.

Several other hedge funds also recently modified their holdings of HON. Washington Trust Advisors Inc. bought a new stake in Honeywell International during the second quarter worth $118,000. Operose Advisors LLC bought a new position in Honeywell International during the 2nd quarter valued at $147,000. Nilsine Partners LLC purchased a new position in Honeywell International during the 2nd quarter worth $783,000. Azimuth Capital Investment Management LLC purchased a new position in Honeywell International during the 2nd quarter worth $1,448,000. Finally, Rogco LP bought a new stake in shares of Honeywell International in the 2nd quarter worth $640,000. Hedge funds and other institutional investors own 75.91% of the company's stock.

Insider Buying and Selling

In other Honeywell International news, CEO Kenneth West sold 17,032 shares of the stock in a transaction on Monday, July 27th. The stock was sold at an average price of $243.77, for a total transaction of $4,151,890.64. Following the completion of the transaction, the chief executive officer directly owned 2,132 shares of the company's stock, valued at approximately $519,717.64. This represents a 88.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.15% of the company's stock.

Honeywell International Stock Performance

NASDAQ HON opened at $209.61 on Monday. Honeywell International Inc. has a 52-week low of $196.59 and a 52-week high of $261.24. The company has a 50-day simple moving average of $228.64 and a 200 day simple moving average of $227.97. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.93 and a current ratio of 1.21. The company has a market capitalization of $66.43 billion, a PE ratio of 8.10, a price-to-earnings-growth ratio of 3.51 and a beta of 0.87.

Honeywell International (NASDAQ:HON - Get Free Report) last announced its quarterly earnings data on Thursday, July 23rd. The conglomerate reported $1.95 EPS for the quarter, topping the consensus estimate of $1.80 by $0.15. The business had revenue of $9.72 billion for the quarter, compared to analyst estimates of $5.03 billion. Honeywell International had a net margin of 23.90% and a return on equity of 34.00%. The company's revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.77 earnings per share. Honeywell International has set its Q3 2026 guidance at 2.050-2.200 EPS and its Q4 2026 guidance at 2.280-2.430 EPS. On average, research analysts predict that Honeywell International Inc. will post 8.29 EPS for the current year.

Honeywell International Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 4th. Investors of record on Friday, August 14th were paid a $0.70 dividend. The ex-dividend date was Friday, August 14th. This represents a $2.80 annualized dividend and a yield of 1.3%. Honeywell International's dividend payout ratio is presently 36.80%.

Analysts Set New Price Targets

Several brokerages have recently commented on HON. JPMorgan Chase & Co. lowered their target price on shares of Honeywell International from $262.00 to $255.00 and set an "overweight" rating for the company in a report on Friday, August 14th. Wolfe Research upgraded shares of Honeywell International to a "hold" rating in a report on Monday, June 29th. Citigroup upped their price objective on shares of Honeywell International from $260.00 to $279.00 and gave the stock a "buy" rating in a research report on Friday, July 24th. Morgan Stanley increased their price objective on shares of Honeywell International from $245.00 to $250.00 and gave the company an "equal weight" rating in a research note on Monday, August 31st. Finally, Barclays dropped their target price on shares of Honeywell International from $251.00 to $239.00 and set an "overweight" rating on the stock in a research report on Wednesday, June 10th. Thirteen equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $254.04.

Honeywell International 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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