Syon Capital LLC Purchases New Position in Honeywell International Inc. $HON

Key Points

• Syon Capital acquired a new 5,157-share Honeywell stake worth approximately $1.32 million in the second quarter. Institutional investors collectively own 75.91% of the company.
• Honeywell reported quarterly earnings of $1.95 per share, beating estimates of $1.80, while revenue rose 3.4% year over year to $9.72 billion.
• Analysts have a consensus “Hold” rating with an average price target of $254.04, compared with the stock’s reported price of $209.61; Honeywell also paid a quarterly dividend of $0.70 per share.

Syon Capital LLC acquired a new stake in Honeywell International Inc. (NASDAQ:HON - Free Report) in the second quarter, according to its most recent filing with the SEC. The fund acquired 5,157 shares of the conglomerate's stock, valued at approximately $1,320,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of HON. J. Stern & Co. LLP grew its position in shares of Honeywell International by 22,704.6% in the fourth quarter. J. Stern & Co. LLP now owns 53,209,042 shares of the conglomerate's stock valued at $10,380,552,000 after purchasing an additional 52,975,716 shares in the last quarter. Bank of New York Mellon Corp purchased a new stake in Honeywell International during the 2nd quarter worth about $732,869,000. Diamant Asset Management Inc. bought a new position in Honeywell International in the 1st quarter worth about $496,693,000. Mizuho Markets Americas LLC boosted its stake in Honeywell International by 921.0% in the 4th quarter. Mizuho Markets Americas LLC now owns 2,042,000 shares of the conglomerate's stock worth $398,374,000 after purchasing an additional 1,842,000 shares during the period. Finally, Eurizon Capital SGR S.p.A. purchased a new position in Honeywell International during the 4th quarter valued at about $248,040,000. Institutional investors own 75.91% of the company's stock.

Honeywell International Stock Up 1.0%

Shares of NASDAQ HON opened at $209.61 on Friday. Honeywell International Inc. has a 12 month low of $196.59 and a 12 month high of $261.24. The company has a current ratio of 1.21, a quick ratio of 0.93 and a debt-to-equity ratio of 1.39. The firm has a market capitalization of $66.43 billion, a price-to-earnings ratio of 8.10, a PEG ratio of 3.51 and a beta of 0.87. The business has a 50-day moving average of $228.64 and a 200-day moving average of $228.06.

Honeywell International (NASDAQ:HON - Get Free Report) last announced its earnings results on Thursday, July 23rd. The conglomerate reported $1.95 earnings per share for the quarter, beating analysts' consensus estimates of $1.80 by $0.15. Honeywell International had a net margin of 23.90% and a return on equity of 34.00%. The business had revenue of $9.72 billion for the quarter, compared to the consensus estimate of $5.03 billion. During the same period last year, the firm posted $1.77 earnings per share. Honeywell International's quarterly revenue was up 3.4% on a year-over-year basis. 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. Sell-side analysts expect that Honeywell International Inc. will post 8.29 earnings per share for the current fiscal year.

Honeywell International Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 4th. Stockholders of record on Friday, August 14th were given a dividend of $0.70 per share. The ex-dividend date was Friday, August 14th. This represents a $2.80 annualized dividend and a dividend yield of 1.3%. Honeywell International's dividend payout ratio (DPR) is 36.80%.

Insider Activity

In other news, CEO Kenneth West sold 316 shares of Honeywell International stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $245.47, for a total transaction of $77,568.52. Following the completion of the sale, the chief executive officer directly owned 2,004 shares of the company's stock, valued at approximately $491,921.88. The trade was a 13.62% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.15% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on HON. Sanford C. Bernstein assumed coverage on shares of Honeywell International in a report on Wednesday, June 10th. They issued a "market perform" rating and a $233.00 price target on the stock. Wolfe Research raised shares of Honeywell International to a "hold" rating in a research note on Monday, June 29th. Bank of America raised shares of Honeywell International from an "underperform" rating to a "neutral" rating and upped their target price for the stock from $205.00 to $265.00 in a report on Tuesday, July 28th. Citigroup increased their target price on shares of Honeywell International from $260.00 to $279.00 and gave the stock a "buy" rating in a research note on Friday, July 24th. Finally, Zacks Research downgraded shares of Honeywell International from a "hold" rating to a "strong sell" rating in a report on Thursday, July 9th. Thirteen investment 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's stock. Based on data from MarketBeat.com, Honeywell International presently has a consensus rating of "Hold" and an average 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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