Alliancebernstein L.P. Increases Stock Position in Honeywell International Inc. $HON

Alliancebernstein L.P. lifted its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 64.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,652,344 shares of the conglomerate’s stock after acquiring an additional 1,041,273 shares during the period. Alliancebernstein L.P. owned 0.41% of Honeywell International worth $561,634,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Mpwm Advisory Solutions LLC purchased a new position in shares of Honeywell International during the fourth quarter worth approximately $29,000. Pandora Wealth Inc. purchased a new position in shares of Honeywell International during the first quarter worth approximately $33,000. 1248 Management LLC purchased a new position in shares of Honeywell International during the first quarter worth approximately $38,000. Stone House Investment Management LLC purchased a new position in shares of Honeywell International during the first quarter worth approximately $41,000. Finally, Quarry LP purchased a new position in shares of Honeywell International during the first quarter worth approximately $41,000. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on HON. 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 research report on Wednesday, June 4th. Wells Fargo & Company lowered their price objective on shares of 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. Royal Bank Of Canada lowered their price objective on shares of 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. Bank of America upgraded shares of Honeywell International from a “neutral” rating to a “buy” rating and set a $250.00 price objective on the stock in a research report on Wednesday, May 7th. Finally, Wall Street Zen upgraded shares of Honeywell International from a “hold” rating to a “buy” rating in a research report on Thursday, May 15th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, Honeywell International presently has a consensus rating of “Moderate Buy” and a consensus target price of $254.00.

Honeywell International Price Performance

Shares of NASDAQ HON opened at $217.60 on Wednesday. The firm has a market capitalization of $138.15 billion, a P/E ratio of 24.76, a PEG ratio of 2.48 and a beta of 1.05. Honeywell International Inc. has a one year low of $179.36 and a one year high of $242.77. The company’s fifty day moving average is $226.57 and its two-hundred day moving average is $217.23. 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 (NASDAQ:HON) last issued 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. The company had revenue of $10.35 billion for the quarter, compared to analyst estimates of $10.01 billion. Honeywell International had a net margin of 14.30% and a return on equity of 37.37%. The business’s revenue was up 8.1% on a year-over-year basis. During the same period in the previous year, the firm earned $2.49 EPS. Honeywell International has set its FY 2025 guidance at 10.450-10.650 EPS. Q3 2025 guidance at 2.500-2.600 EPS. Analysts forecast 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 will be paid on Friday, September 5th. Stockholders of record on Friday, August 15th will be paid 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 of this dividend is Friday, August 15th. Honeywell International’s payout ratio is 51.42%.

Insider Activity

In other 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 of the company’s stock, valued at $2,289,807.72. The trade was a 80.31% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.41% of the stock is owned by company insiders.

Honeywell International Company 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.