Voya Investment Management LLC Sells 3,544 Shares of Honeywell International Inc. $HON

Key Points

• Voya Investment Management LLC reduced its stake in Honeywell International by 1.6%, selling 3,544 shares in the first quarter, resulting in ownership of 219,601 shares worth approximately $46.5 million.
• Several institutional investors have increased their holdings in Honeywell International, with Amundi boosting its stake by 30.2%, now owning 519,882 shares valued at $107.45 million.
• Honeywell International announced a quarterly dividend of $1.13 per share, representing an annualized rate of $4.52 and a yield of 2.1%, with a payout ratio of 51.42%.

Voya Investment Management LLC cut its stake in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 1.6% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 219,601 shares of the conglomerate's stock after selling 3,544 shares during the quarter. Voya Investment Management LLC's holdings in Honeywell International were worth $46,501,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Red Door Wealth Management LLC boosted its holdings in Honeywell International by 2.6% during the 1st 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 period. Amundi boosted its holdings in 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 acquiring an additional 120,706 shares during the period. Spinnaker Trust boosted its holdings in 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 acquiring an additional 276 shares during the period. Integrated Wealth Concepts LLC boosted its holdings in 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 acquiring an additional 2,915 shares during the period. Finally, Beacon Financial Group boosted its holdings in Honeywell International by 52.6% during the 1st quarter. Beacon Financial Group now owns 3,759 shares of the conglomerate's stock valued at $796,000 after acquiring an additional 1,295 shares during the period. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Royal Bank Of Canada dropped their price objective 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 price objective on Honeywell International from $225.00 to $245.00 and gave the stock an "equal weight" rating in a report on Monday, July 28th. Wells Fargo & Company dropped their price objective on Honeywell International from $240.00 to $230.00 and set an "equal weight" rating for the company in a report on Friday, July 25th. Barclays increased their price objective on Honeywell International from $258.00 to $265.00 and gave the stock an "overweight" rating in a report on Wednesday, July 9th. Finally, Citigroup increased their price objective on Honeywell International from $242.00 to $265.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. One equities research 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 stock. Based on data from MarketBeat, Honeywell International currently has a consensus rating of "Moderate Buy" and an average price target of $254.00.

Insider Transactions at Honeywell International

In other Honeywell International news, CEO Lucian Boldea sold 42,149 shares of Honeywell International 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 transaction, the chief executive officer owned 10,334 shares in the company, valued at approximately $2,289,807.72. The trade was a 80.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.20% of the company's stock.

Honeywell International Trading Down 1.8%

HON opened at $211.46 on Friday. The stock has a market cap of $134.26 billion, a PE ratio of 24.06, a PEG ratio of 2.43 and a beta of 1.05. The company has a quick ratio of 0.97, a current ratio of 1.29 and a debt-to-equity ratio of 1.81. The business has a 50 day moving average of $223.41 and a 200-day moving average of $217.46. 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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.66 by $0.09. The business had revenue of $10.35 billion during the quarter, compared to analysts' expectations of $10.01 billion. Honeywell International had a return on equity of 37.37% and a net margin of 14.30%.The firm's quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $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. Equities research analysts predict that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 5th. Shareholders of record on Friday, August 15th were paid a dividend of $1.13 per share. The ex-dividend date was Friday, August 15th. This represents a $4.52 dividend on an annualized basis and a yield of 2.1%. Honeywell International's payout ratio is presently 51.42%.

Honeywell International 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.

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