QRG Capital Management Inc. Has $21.86 Million Position in Honeywell International Inc. $HON

QRG Capital Management Inc. grew its holdings in Honeywell International Inc. (NASDAQ:HON) by 25.3% during the second quarter, Holdings Channel reports. The firm owned 93,852 shares of the conglomerate’s stock after acquiring an additional 18,936 shares during the quarter. QRG Capital Management Inc.’s holdings in Honeywell International were worth $21,856,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Pandora Wealth Inc. acquired a new stake in shares of Honeywell International during the 1st quarter worth approximately $33,000. 1248 Management LLC bought a new position in Honeywell International during the first quarter worth $38,000. Dogwood Wealth Management LLC grew its holdings in Honeywell International by 143.9% in the second quarter. Dogwood Wealth Management LLC now owns 161 shares of the conglomerate’s stock worth $39,000 after purchasing an additional 95 shares during the period. Stone House Investment Management LLC bought a new stake in Honeywell International in the first quarter valued at $41,000. Finally, Quarry LP acquired a new position in shares of Honeywell International during the first quarter valued at about $41,000. Institutional investors own 75.91% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on HON shares. Weiss Ratings restated a “buy (b-)” rating on shares of Honeywell International in a research note on Saturday, September 27th. Barclays boosted their price objective on Honeywell International from $258.00 to $265.00 and gave the company an “overweight” rating in a report on Wednesday, July 9th. Wells Fargo & Company cut their target price on Honeywell International from $240.00 to $230.00 and set an “equal weight” rating on the stock in a report on Friday, July 25th. Morgan Stanley lifted their price target on shares of Honeywell International from $225.00 to $245.00 and gave the company an “equal weight” rating in a research report on Monday, July 28th. Finally, 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 report on Friday, July 25th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Honeywell International has a consensus rating of “Moderate Buy” and a consensus target price of $254.79.

Insider Activity at Honeywell International

In other news, CEO Lucian Boldea sold 42,149 shares of the business’s stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $221.58, for a total value of $9,339,375.42. Following the transaction, the chief executive officer owned 10,334 shares in the company, valued at $2,289,807.72. The trade was a 80.31% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.20% of the stock is currently owned by corporate insiders.

Honeywell International Trading Down 0.9%

Shares of Honeywell International stock opened at $209.05 on Friday. The company has a market capitalization of $132.73 billion, a P/E ratio of 23.78, a price-to-earnings-growth ratio of 2.36 and a beta of 1.06. The stock has a fifty day simple moving average of $215.63 and a 200 day simple moving average of $217.40. Honeywell International Inc. has a 12-month low of $179.36 and a 12-month high of $242.77. 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 posted its quarterly earnings data on Thursday, July 24th. The conglomerate reported $2.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.66 by $0.09. The firm had revenue of $10.35 billion for the quarter, compared to the consensus estimate 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 for the quarter was up 8.1% compared to the same quarter last year. 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. On average, sell-side analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Friday, November 14th will be paid a $1.19 dividend. This is a positive change from Honeywell International’s previous quarterly dividend of $1.13. The ex-dividend date is Friday, November 14th. This represents a $4.76 annualized dividend and a yield of 2.3%. Honeywell International’s dividend payout ratio (DPR) is 51.42%.

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.