Woodline Partners LP Grows Stock Position in 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 grew its holdings in Honeywell International Inc. (NASDAQ:HON - Free Report) by 1,077.2% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 141,642 shares of the conglomerate's stock after buying 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 Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Zurich Insurance Group Ltd FI boosted its stake in Honeywell International by 45.2% during the first quarter. Zurich Insurance Group Ltd FI now owns 341,885 shares of the conglomerate's stock worth $72,394,000 after buying an additional 106,471 shares during the period. AAF Wealth Management LLC boosted its stake in Honeywell International by 6.5% during the first quarter. AAF Wealth Management LLC now owns 1,155 shares of the conglomerate's stock worth $245,000 after buying an additional 71 shares during the period. MBB Public Markets I LLC purchased a new position in Honeywell International during the first quarter worth about $320,000. Clearline Capital LP boosted its stake in Honeywell International by 8.3% during the first quarter. Clearline Capital LP now owns 13,032 shares of the conglomerate's stock worth $2,760,000 after buying an additional 1,000 shares during the period. Finally, Caxton Associates LLP purchased a new position in Honeywell International during the first quarter worth about $1,875,000. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on HON. Mizuho lifted their price objective on shares of Honeywell International from $235.00 to $250.00 and gave the company an "outperform" rating in a report on Friday, May 16th. Citigroup lifted their price objective 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. Royal Bank Of Canada dropped their price objective on shares of 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 lifted their price objective on shares of Honeywell International from $225.00 to $245.00 and gave the company an "equal weight" rating in a report on Monday, July 28th. Finally, Barclays lifted their price objective on shares of Honeywell International from $258.00 to $265.00 and gave the company an "overweight" rating in a report on Wednesday, July 9th. One equities research 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 company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $254.00.

Insider Activity at Honeywell International

In other Honeywell International news, CEO Lucian Boldea sold 42,149 shares of the business's stock in a transaction on 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 sale, the chief executive officer directly owned 10,334 shares in the company, valued at approximately $2,289,807.72. The trade was a 80.31% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.20% of the company's stock.

Honeywell International Stock Performance

NASDAQ:HON traded down $3.85 during midday trading on Friday, reaching $211.46. The stock had a trading volume of 3,168,914 shares, compared to its average volume of 3,259,496. The firm has a fifty day simple moving average of $223.41 and a two-hundred day simple moving average of $217.41. Honeywell International Inc. has a 12-month low of $179.36 and a 12-month high of $242.77. 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 stock has a market cap of $134.26 billion, a P/E ratio of 24.06, a P/E/G ratio of 2.43 and a beta of 1.05.

Honeywell International (NASDAQ:HON - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The conglomerate reported $2.75 earnings per share for the quarter, beating 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 firm 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 EPS. Honeywell International'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. On average, equities analysts expect that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 5th. Shareholders of record on Friday, August 15th were given a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a dividend yield of 2.1%. The ex-dividend date was Friday, August 15th. 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.