Sumitomo Mitsui DS Asset Management Company Ltd Acquires 18,774 Shares of Honeywell International Inc. $HON

Key Points

• Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in Honeywell International by 6.2%, owning approximately 0.05% of the company, valued at $75.15 million.
• Honeywell reported $2.75 EPS for the last quarter, exceeding estimates, and generated revenues of $10.35 billion, marking an 8.1% increase year-over-year.
• The company declared a quarterly dividend of $1.13 per share, contributing to an annualized dividend yield of 2.1% and a payout ratio of 51.42%.

Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in Honeywell International Inc. (NASDAQ:HON - Free Report) by 6.2% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 322,695 shares of the conglomerate's stock after buying an additional 18,774 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd owned approximately 0.05% of Honeywell International worth $75,149,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Red Door Wealth Management LLC boosted its holdings in Honeywell International by 2.6% in the first quarter. Red Door Wealth Management LLC now owns 29,090 shares of the conglomerate's stock valued at $6,160,000 after acquiring an additional 736 shares during the last quarter. Amundi lifted its holdings in shares of Honeywell International by 30.2% during the 1st quarter. Amundi now owns 519,882 shares of the conglomerate's stock valued at $107,450,000 after purchasing an additional 120,706 shares in the last quarter. Spinnaker Trust lifted its holdings in shares of Honeywell International by 2.4% during the 1st quarter. Spinnaker Trust now owns 11,598 shares of the conglomerate's stock valued at $2,456,000 after purchasing an additional 276 shares in the last quarter. Integrated Wealth Concepts LLC lifted its holdings in shares of Honeywell International by 11.4% during the 1st quarter. Integrated Wealth Concepts LLC now owns 28,502 shares of the conglomerate's stock valued at $6,035,000 after purchasing an additional 2,915 shares in the last quarter. Finally, Beacon Financial Group raised its position in Honeywell International by 52.6% in the 1st quarter. Beacon Financial Group now owns 3,759 shares of the conglomerate's stock valued at $796,000 after buying an additional 1,295 shares during the last quarter. Institutional investors own 75.91% of the company's stock.

Honeywell International Trading Down 0.4%

Shares of HON traded down $0.83 during mid-day trading on Friday, reaching $209.37. 11,004,750 shares of the company were exchanged, compared to its average volume of 3,468,831. The stock has a market capitalization of $132.93 billion, a PE ratio of 23.82, a PEG ratio of 2.36 and a beta of 1.05. The business has a 50 day simple moving average of $220.67 and a two-hundred day simple moving average of $217.40. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.97 and a current ratio of 1.29. Honeywell International Inc. has a 52 week low of $179.36 and a 52 week high of $242.77.

Honeywell International (NASDAQ:HON - Get Free Report) last issued its earnings results on Thursday, July 24th. The conglomerate reported $2.75 earnings per share for the quarter, topping analysts' consensus estimates of $2.66 by $0.09. The business had revenue of $10.35 billion during the quarter, compared to the consensus estimate of $10.01 billion. Honeywell International had a return on equity of 37.37% and a net margin of 14.30%.The firm's revenue for the quarter was up 8.1% on a year-over-year basis. During the same period in the previous year, the company posted $2.49 earnings per share. 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 predict that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 5th. Stockholders of record on Friday, August 15th were issued a dividend of $1.13 per share. The ex-dividend date was Friday, August 15th. This represents a $4.52 annualized dividend and a dividend yield of 2.2%. Honeywell International's payout ratio is currently 51.42%.

Analyst Upgrades and Downgrades

HON has been the topic of a number of recent research reports. 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 research report on Friday, July 25th. Royal Bank Of Canada reduced their target price on Honeywell International from $254.00 to $253.00 and set a "sector perform" rating for the company in a research note on Friday, July 25th. Morgan Stanley boosted their price target on Honeywell International from $225.00 to $245.00 and gave the company an "equal weight" rating in a research note on Monday, July 28th. Citigroup boosted their price target on Honeywell International from $242.00 to $265.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. Finally, Barclays lifted their price objective on Honeywell International from $258.00 to $265.00 and gave the company an "overweight" rating in a report on Wednesday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently 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 company's stock in a transaction 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 completion of the sale, the chief executive officer owned 10,334 shares in the company, valued at approximately $2,289,807.72. This represents a 80.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.20% of the company's stock.

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.