Vident Advisory LLC Has $4.19 Million Stock Position in Honeywell International Inc. $HON

Key Points

• Vident Advisory LLC has increased its holdings in Honeywell International Inc. by 30.7%, acquiring an additional 4,639 shares, bringing its total to 19,773 shares valued at $4,186,000 as of the latest reporting period.
• Honeywell reported $2.75 earnings per share for the recent quarter, exceeding analysts' expectations, with a revenue of $10.35 billion, marking an 8.1% year-over-year increase.
• The company announced a quarterly dividend of $1.13 per share, with a dividend yield of 2.1%, and a payout ratio of 51.42% based on its most recent financial performance.

Vident Advisory LLC raised its position in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 30.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,773 shares of the conglomerate's stock after acquiring an additional 4,639 shares during the quarter. Vident Advisory LLC's holdings in Honeywell International were worth $4,186,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Kodai Capital Management LP acquired a new stake in shares of Honeywell International in the 1st quarter worth about $781,000. WPG Advisers LLC bought a new position in Honeywell International in the 1st quarter worth approximately $58,000. Tema Etfs LLC purchased a new stake in shares of Honeywell International during the 1st quarter valued at $2,098,000. Tortoise Investment Management LLC raised its position in Honeywell International by 33.3% in the 1st quarter. Tortoise Investment Management LLC now owns 1,004 shares of the conglomerate's stock worth $213,000 after purchasing an additional 251 shares during the period. Finally, OMERS ADMINISTRATION Corp raised its position in Honeywell International by 424.7% in the 1st quarter. OMERS ADMINISTRATION Corp now owns 24,470 shares of the conglomerate's stock worth $5,182,000 after purchasing an additional 19,806 shares during the period. Institutional investors and hedge funds own 75.91% of the company's stock.

Honeywell International Stock Down 1.7%

Shares of HON stock traded down $3.60 during trading hours on Wednesday, reaching $214.00. 3,519,773 shares of the stock were exchanged, compared to its average volume of 4,003,022. The firm has a market capitalization of $135.87 billion, a P/E ratio of 24.35, a P/E/G ratio of 2.48 and a beta of 1.05. Honeywell International Inc. has a 12-month low of $179.36 and a 12-month high of $242.77. 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 business's fifty day moving average is $226.57 and its two-hundred day moving average is $217.23.

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, topping analysts' consensus estimates of $2.66 by $0.09. Honeywell International had a net margin of 14.30% and a return on equity of 37.37%. The business had revenue of $10.35 billion for the quarter, compared to analyst estimates of $10.01 billion. During the same period last year, the firm posted $2.49 earnings per share. The company's revenue for the quarter was up 8.1% compared to the same quarter last year. 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, research analysts expect that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Dividend Announcement

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

Analyst Ratings Changes

HON has been the topic of several research reports. Wall Street Zen raised shares of Honeywell International from a "hold" rating to a "buy" rating in a research note on Thursday, May 15th. Citigroup upped their target price on shares of Honeywell International from $242.00 to $265.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. Morgan Stanley increased their price objective 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. Mizuho raised their target price on shares of Honeywell International from $235.00 to $250.00 and gave the company an "outperform" rating in a research note on Friday, May 16th. Finally, Barclays increased their price objective on shares of Honeywell International from $258.00 to $265.00 and gave the company an "overweight" rating in a research report on Wednesday, July 9th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and eight have given a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $254.00.

Insider Buying and Selling at Honeywell International

In related news, CEO Lucian Boldea sold 42,149 shares of the business's stock in a transaction that occurred 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 transaction, the chief executive officer directly owned 10,334 shares of the company's stock, valued at approximately $2,289,807.72. The trade was a 80.31% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.41% of the stock is owned by corporate insiders.

About Honeywell International

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.