CX Institutional increased its stake in Honeywell International Inc. (NASDAQ:HON – Free Report) by 17.1% during the 4th quarter, Holdings Channel.com reports. The fund owned 39,837 shares of the conglomerate’s stock after buying an additional 5,830 shares during the period. CX Institutional’s holdings in Honeywell International were worth $7,772,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of the stock. Cardinal Capital Management Inc. increased its stake in Honeywell International by 6.1% in the 4th quarter. Cardinal Capital Management Inc. now owns 138,726 shares of the conglomerate’s stock valued at $27,064,000 after buying an additional 7,929 shares during the period. Douglas Lane & Associates LLC increased its stake in Honeywell International by 56.1% in the 4th quarter. Douglas Lane & Associates LLC now owns 72,783 shares of the conglomerate’s stock valued at $14,199,000 after buying an additional 26,162 shares during the period. Exencial Wealth Advisors LLC increased its stake in Honeywell International by 36.6% in the 4th quarter. Exencial Wealth Advisors LLC now owns 81,211 shares of the conglomerate’s stock valued at $15,844,000 after buying an additional 21,770 shares during the period. First National Trust Co increased its stake in Honeywell International by 9.4% in the 3rd quarter. First National Trust Co now owns 79,086 shares of the conglomerate’s stock valued at $16,648,000 after buying an additional 6,803 shares during the period. Finally, Lockheed Martin Investment Management Co. acquired a new position in Honeywell International in the 3rd quarter valued at approximately $4,147,000. 75.91% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several analysts have commented on the stock. Morgan Stanley boosted their target price on shares of Honeywell International from $235.00 to $245.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 12th. Evercore boosted their target price on shares of Honeywell International from $255.00 to $265.00 and gave the stock an “outperform” rating in a research report on Friday, January 30th. BNP Paribas Exane boosted their target price on shares of Honeywell International from $195.00 to $215.00 and gave the stock a “neutral” rating in a research report on Monday, February 2nd. Daiwa Securities Group boosted their target price on shares of Honeywell International from $230.00 to $240.00 in a research report on Tuesday, February 3rd. Finally, Weiss Ratings downgraded shares of Honeywell International from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, April 13th. Thirteen equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Honeywell International currently has an average rating of “Moderate Buy” and an average target price of $250.00.
Insider Transactions at Honeywell International
In related news, Director D Scott Davis sold 2,367 shares of the company’s stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $240.00, for a total value of $568,080.00. Following the sale, the director owned 31,081 shares of the company’s stock, valued at $7,459,440. The trade was a 7.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Robert D. Mailloux sold 5,274 shares of the company’s stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $239.00, for a total transaction of $1,260,486.00. Following the completion of the sale, the vice president directly owned 4,803 shares in the company, valued at approximately $1,147,917. The trade was a 52.34% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.15% of the company’s stock.
Honeywell International Price Performance
NASDAQ HON opened at $212.50 on Friday. The company has a current ratio of 1.39, a quick ratio of 1.10 and a debt-to-equity ratio of 1.98. Honeywell International Inc. has a 1 year low of $186.76 and a 1 year high of $248.18. The company has a fifty day simple moving average of $230.45 and a 200 day simple moving average of $215.66. The company has a market cap of $134.65 billion, a P/E ratio of 30.10, a P/E/G ratio of 3.03 and a beta of 0.82.
Honeywell International (NASDAQ:HON – Get Free Report) last issued its quarterly earnings results on Thursday, April 23rd. The conglomerate reported $2.45 earnings per share for the quarter, beating analysts’ consensus estimates of $2.32 by $0.13. Honeywell International had a net margin of 11.37% and a return on equity of 42.29%. The firm had revenue of $9.14 billion during the quarter, compared to the consensus estimate of $9.30 billion. During the same period in the prior year, the firm earned $2.21 EPS. The business’s revenue was up 2.4% on a year-over-year basis. Honeywell International has set its FY 2026 guidance at 10.350-10.650 EPS and its Q2 2026 guidance at 2.350-2.450 EPS. On average, sell-side analysts predict that Honeywell International Inc. will post 10.54 EPS for the current year.
Honeywell International Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Investors of record on Friday, May 15th will be paid a $1.19 dividend. The ex-dividend date of this dividend is Friday, May 15th. This represents a $4.76 dividend on an annualized basis and a yield of 2.2%. Honeywell International’s payout ratio is presently 67.42%.
Honeywell International Company Profile
Honeywell International Inc is a diversified, publicly traded multinational conglomerate (NASDAQ: HON) that designs and manufactures a wide range of commercial and consumer products, engineering services and aerospace systems. The company operates through major business platforms that historically include Aerospace; Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. Its portfolio spans avionics and propulsion systems, building controls and HVAC equipment, process technologies and advanced materials, industrial automation software, and personal protective equipment and scanning solutions.
Honeywell’s aerospace business supplies aircraft manufacturers and operators with engines and auxiliary power units, avionics, flight safety systems and aftermarket services.
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