Woodline Partners LP Purchases 129,610 Shares of Honeywell International Inc. $HON

Key Points

• Woodline Partners LP significantly increased its holdings in Honeywell International Inc. by 1,077.2%, owning 141,642 shares valued at approximately $30 million after acquiring a substantial number of additional shares in the first quarter.
• CEO Lucian Boldea sold 42,149 shares of Honeywell, reflecting an 80.31% decrease in his position, as disclosed in a filing with the SEC.
• Honeywell reported an EPS of $2.75 for the last quarter, exceeding analysts' expectations, and set FY 2025 guidance between $10.450-10.650 EPS.

Woodline Partners LP boosted its stake in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 1,077.2% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 141,642 shares of the conglomerate's stock after purchasing an additional 129,610 shares during the period. Woodline Partners LP's holdings in Honeywell International were worth $29,993,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of HON. Nuveen LLC bought a new position in Honeywell International in the first quarter valued at approximately $1,150,929,000. GAMMA Investing LLC increased its position in Honeywell International by 20,894.0% during the first quarter. GAMMA Investing LLC now owns 1,326,614 shares of the conglomerate's stock worth $2,809,110,000 after buying an additional 1,320,295 shares during the last quarter. Wellington Management Group LLP increased its position in Honeywell International by 8.9% during the first quarter. Wellington Management Group LLP now owns 15,751,951 shares of the conglomerate's stock worth $3,335,476,000 after buying an additional 1,293,137 shares during the last quarter. Alliancebernstein L.P. increased its position in Honeywell International by 64.6% during the first quarter. Alliancebernstein L.P. now owns 2,652,344 shares of the conglomerate's stock worth $561,634,000 after buying an additional 1,041,273 shares during the last quarter. Finally, Vista Cima Wealth Management LLC acquired a new position in Honeywell International during the first quarter worth approximately $164,000. 75.91% of the stock is currently owned by institutional investors.

Insider Activity at Honeywell International

In other news, CEO Lucian Boldea sold 42,149 shares of the stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $221.58, for a total value 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 represents a 80.31% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.20% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on HON. Wells Fargo & Company lowered their price target 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. Morgan Stanley upped their target price on Honeywell International from $225.00 to $245.00 and gave the company an "equal weight" rating in a research report on Monday, July 28th. Barclays upped their target price on Honeywell International from $258.00 to $265.00 and gave the company an "overweight" rating in a research report on Wednesday, July 9th. Royal Bank Of Canada decreased their target price on Honeywell International from $254.00 to $253.00 and set a "sector perform" rating on the stock in a research report on Friday, July 25th. Finally, Citigroup upped their target price on Honeywell International from $242.00 to $265.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, Honeywell International presently has an average rating of "Moderate Buy" and an average target price of $254.00.

Honeywell International Price Performance

Shares of HON stock traded down $0.28 during trading on Monday, hitting $211.18. The company had a trading volume of 1,512,586 shares, compared to its average volume of 3,995,378. The stock's 50-day moving average price is $223.41 and its 200 day moving average price is $217.49. 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 one year low of $179.36 and a one year high of $242.77. The firm has a market capitalization of $134.08 billion, a P/E ratio of 24.01, a price-to-earnings-growth ratio of 2.39 and a beta of 1.05.

Honeywell International (NASDAQ:HON - Get Free Report) last released its earnings results on Thursday, July 24th. The conglomerate reported $2.75 earnings per share for the quarter, topping the consensus estimate of $2.66 by $0.09. Honeywell International had a return on equity of 37.37% and a net margin of 14.30%.The firm had revenue of $10.35 billion during the quarter, compared to analysts' expectations of $10.01 billion. During the same period in the prior year, the company earned $2.49 earnings per share. The company's quarterly revenue was up 8.1% on a year-over-year basis. Honeywell International has set its FY 2025 guidance at 10.450-10.650 EPS. Q3 2025 guidance at 2.500-2.600 EPS. Equities analysts expect that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 5th. Stockholders of record on Friday, August 15th were paid a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date was Friday, August 15th. Honeywell International's dividend 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.