First Manhattan CO. LLC. Has $320.25 Million Position in Honeywell International Inc. $HON

First Manhattan CO. LLC. boosted its position in shares of Honeywell International Inc. (NASDAQ:HON) by 9.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,512,388 shares of the conglomerate’s stock after purchasing an additional 126,023 shares during the quarter. Honeywell International accounts for about 0.9% of First Manhattan CO. LLC.’s investment portfolio, making the stock its 20th biggest holding. First Manhattan CO. LLC. owned about 0.24% of Honeywell International worth $320,248,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. Paulson & CO. Inc. acquired a new position in Honeywell International during the first quarter valued at approximately $42,350,000. 1248 Management LLC acquired a new position in shares of Honeywell International in the first quarter valued at approximately $38,000. First Financial Bankshares Inc boosted its holdings in shares of Honeywell International by 1.3% in the first quarter. First Financial Bankshares Inc now owns 353,247 shares of the conglomerate’s stock valued at $74,800,000 after buying an additional 4,617 shares during the period. Graham Capital Management L.P. acquired a new position in shares of Honeywell International in the first quarter valued at approximately $4,235,000. Finally, Retirement Planning Co of New England Inc. boosted its holdings in shares of Honeywell International by 19.6% in the first quarter. Retirement Planning Co of New England Inc. now owns 4,185 shares of the conglomerate’s stock valued at $886,000 after buying an additional 685 shares during the period. Institutional investors and hedge funds own 75.91% of the company’s stock.

Honeywell International Stock Performance

Shares of HON opened at $219.50 on Monday. Honeywell International Inc. has a 12 month low of $179.36 and a 12 month high of $242.77. The firm has a fifty day simple moving average of $226.81 and a 200 day simple moving average of $217.11. The stock has a market capitalization of $139.36 billion, a price-to-earnings ratio of 24.97, a PEG ratio of 2.48 and a beta of 1.05. The company has a current ratio of 1.29, a quick ratio of 0.97 and a debt-to-equity ratio of 1.81.

Honeywell International (NASDAQ:HON) last announced its earnings results on Thursday, July 24th. The conglomerate reported $2.75 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $10.01 billion. During the same quarter in the prior year, the company posted $2.49 earnings per share. The firm’s 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. Research analysts forecast that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Announces Dividend

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

Insider Transactions at Honeywell International

In other Honeywell International news, CEO Lucian Boldea sold 42,149 shares of the company’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 of the company’s stock, valued at approximately $2,289,807.72. This represents a 80.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.41% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Wall Street Zen upgraded shares of Honeywell International from a “hold” rating to a “buy” rating in a report on Thursday, May 15th. Mizuho upped their price target 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. Bank of America upgraded shares of Honeywell International from a “neutral” rating to a “buy” rating and set a $250.00 price target for the company in a report on Wednesday, May 7th. Citigroup upped their price target 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. Finally, Barclays upped their price target 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 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. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $254.00.

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.