Studio Investment Management LLC Takes Position in Honeywell International Inc. $HON

Studio Investment Management LLC purchased a new stake in shares of Honeywell International Inc. (NASDAQ:HON) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 10,069 shares of the conglomerate’s stock, valued at approximately $2,578,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. J. Stern & Co. LLP lifted its position in shares of Honeywell International by 22,704.6% during the fourth quarter. J. Stern & Co. LLP now owns 53,209,042 shares of the conglomerate’s stock worth $10,380,552,000 after acquiring an additional 52,975,716 shares in the last quarter. State Street Corp boosted its holdings in shares of Honeywell International by 3.4% in the fourth quarter. State Street Corp now owns 31,677,082 shares of the conglomerate’s stock worth $6,179,882,000 after acquiring an additional 1,031,897 shares during the period. Morgan Stanley grew its position in shares of Honeywell International by 4.7% in the fourth quarter. Morgan Stanley now owns 19,425,421 shares of the conglomerate’s stock valued at $3,789,706,000 after purchasing an additional 879,309 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Honeywell International by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 15,716,647 shares of the conglomerate’s stock valued at $3,066,520,000 after purchasing an additional 120,929 shares in the last quarter. Finally, Franklin Resources Inc. raised its stake in shares of Honeywell International by 0.3% during the 4th quarter. Franklin Resources Inc. now owns 10,227,201 shares of the conglomerate’s stock valued at $1,995,224,000 after purchasing an additional 30,658 shares during the period. 75.91% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on HON shares. Jefferies Financial Group initiated coverage on Honeywell International in a report on Monday, August 17th. They set a “hold” rating and a $255.00 price objective on the stock. Zacks Research cut Honeywell International from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 9th. Mizuho increased their price target on shares of Honeywell International from $240.00 to $265.00 and gave the stock an “outperform” rating in a report on Monday, July 27th. Sanford C. Bernstein began coverage on shares of Honeywell International in a research report on Wednesday, June 10th. They issued a “market perform” rating and a $233.00 price objective for the company. Finally, BMO Capital Markets boosted their price objective on shares of Honeywell International from $253.00 to $276.00 and gave the company an “outperform” rating in a research note on Monday, July 27th. Thirteen analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Honeywell International currently has a consensus rating of “Hold” and a consensus target price of $254.04.

Insider Activity at Honeywell International

In related news, CEO Kenneth West sold 316 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $245.47, for a total value of $77,568.52. Following the transaction, the chief executive officer owned 2,004 shares of the company’s stock, valued at approximately $491,921.88. This trade represents a 13.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.15% of the stock is owned by insiders.

Honeywell International Stock Performance

Shares of HON opened at $209.61 on Monday. Honeywell International Inc. has a 12-month low of $196.59 and a 12-month high of $261.24. The company has a current ratio of 1.21, a quick ratio of 0.93 and a debt-to-equity ratio of 1.39. The company has a market cap of $66.43 billion, a PE ratio of 8.10, a price-to-earnings-growth ratio of 3.51 and a beta of 0.87. The stock has a 50-day moving average price of $228.64 and a 200-day moving average price of $227.97.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings data on Thursday, July 23rd. The conglomerate reported $1.95 earnings per share for the quarter, topping the consensus estimate of $1.80 by $0.15. The company had revenue of $9.72 billion for the quarter, compared to analysts’ expectations of $5.03 billion. Honeywell International had a net margin of 23.90% and a return on equity of 34.00%. Honeywell International’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.77 earnings per share. Honeywell International has set its Q3 2026 guidance at 2.050-2.200 EPS and its Q4 2026 guidance at 2.280-2.430 EPS. As a group, equities analysts forecast that Honeywell International Inc. will post 8.29 earnings per share for the current fiscal year.

Honeywell International Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 4th. Stockholders of record on Friday, August 14th were given a dividend of $0.70 per share. The ex-dividend date of this dividend was Friday, August 14th. This represents a $2.80 annualized dividend and a dividend yield of 1.3%. Honeywell International’s dividend payout ratio is presently 36.80%.

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.