The Manufacturers Life Insurance Company Reduces Position in Honeywell International Inc. $HON

Key Points

• The Manufacturers Life Insurance Company has reduced its holdings in Honeywell International Inc. by 13.9%, owning 526,234 shares worth approximately $111 million as of the latest reporting period.
• Several research firms have issued new ratings for Honeywell, with Bank of America upgrading the stock to a "buy" with a target price of $250, while analysts generally maintain a consensus rating of "Moderate Buy" and a target of $254.
• Honeywell recently announced a quarterly dividend of $1.13 per share, representing an annual yield of 2.1%, with a payout ratio currently at 51.42%.

The Manufacturers Life Insurance Company lowered its stake in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 13.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 526,234 shares of the conglomerate's stock after selling 84,686 shares during the period. The Manufacturers Life Insurance Company owned about 0.08% of Honeywell International worth $111,430,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the company. Brighton Jones LLC grew its stake in Honeywell International by 9.1% during the 4th quarter. Brighton Jones LLC now owns 19,047 shares of the conglomerate's stock valued at $4,302,000 after acquiring an additional 1,582 shares in the last quarter. Rehmann Capital Advisory Group grew its holdings in Honeywell International by 28.6% in the 4th quarter. Rehmann Capital Advisory Group now owns 3,155 shares of the conglomerate's stock valued at $713,000 after buying an additional 702 shares in the last quarter. Keel Point LLC grew its holdings in Honeywell International by 13.5% in the 4th quarter. Keel Point LLC now owns 3,619 shares of the conglomerate's stock valued at $818,000 after buying an additional 431 shares in the last quarter. Gallagher Fiduciary Advisors LLC grew its holdings in Honeywell International by 10.0% in the 4th quarter. Gallagher Fiduciary Advisors LLC now owns 2,599 shares of the conglomerate's stock valued at $587,000 after buying an additional 237 shares in the last quarter. Finally, 4WEALTH Advisors Inc. purchased a new stake in shares of Honeywell International in the fourth quarter valued at about $382,000. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Honeywell International Stock Performance

Shares of NASDAQ:HON traded down $3.60 on Wednesday, reaching $214.00. The company's stock had a trading volume of 3,507,469 shares, compared to its average volume of 3,993,581. The stock's 50-day moving average is $226.57 and its two-hundred day moving average is $217.23. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.29 and a quick ratio of 0.97. The stock has a market capitalization of $135.87 billion, a P/E ratio of 24.35, a PEG ratio of 2.48 and a beta of 1.05. 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 announced its quarterly earnings data on Thursday, July 24th. The conglomerate reported $2.75 EPS for the quarter, topping analysts' consensus estimates of $2.66 by $0.09. The company had revenue of $10.35 billion during the quarter, compared to the consensus estimate of $10.01 billion. Honeywell International had a net margin of 14.30% and a return on equity of 37.37%. Honeywell International's quarterly revenue was up 8.1% on a year-over-year basis. During the same quarter 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. As a group, sell-side analysts forecast that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 5th. Shareholders of record on Friday, August 15th will be issued a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a yield of 2.1%. The ex-dividend date is Friday, August 15th. Honeywell International's dividend payout ratio (DPR) is 51.42%.

Insiders Place Their Bets

In other Honeywell International news, CEO Lucian Boldea sold 42,149 shares of the firm's stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $221.58, for a total transaction of $9,339,375.42. Following the completion of the transaction, the chief executive officer directly owned 10,334 shares in the company, valued at approximately $2,289,807.72. This trade represents a 80.31% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.41% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on HON. Wells Fargo & Company lowered their price objective on Honeywell International from $240.00 to $230.00 and set an "equal weight" rating for the company in a research report on Friday, July 25th. Royal Bank Of Canada lowered their price target on Honeywell International from $254.00 to $253.00 and set a "sector perform" rating for the company in a report on Friday, July 25th. Morgan Stanley increased their target price on shares of Honeywell International from $225.00 to $245.00 and gave the stock an "equal weight" rating in a research note on Monday, July 28th. Wall Street Zen raised shares of Honeywell International from a "hold" rating to a "buy" rating in a research note on Thursday, May 15th. Finally, Bank of America raised shares of Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 price objective for the company in a research report on Wednesday, May 7th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and eight have given 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 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.