Pegasus Asset Management Inc. Reduces Holdings in Honeywell International Inc. $HON

Pegasus Asset Management Inc. decreased its position in shares of Honeywell International Inc. (NASDAQ:HON) by 43.0% during the fourth quarter, HoldingsChannel reports. The fund owned 3,514 shares of the conglomerate’s stock after selling 2,650 shares during the quarter. Pegasus Asset Management Inc.’s holdings in Honeywell International were worth $686,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. SNS Financial Group LLC lifted its holdings in shares of Honeywell International by 1.7% in the 4th quarter. SNS Financial Group LLC now owns 7,028 shares of the conglomerate’s stock worth $1,371,000 after acquiring an additional 117 shares during the last quarter. Oppenheimer & Co. Inc. raised its position in Honeywell International by 0.7% in the 4th quarter. Oppenheimer & Co. Inc. now owns 71,148 shares of the conglomerate’s stock worth $13,880,000 after purchasing an additional 478 shares during the period. Oppenheimer Asset Management Inc. raised its position in Honeywell International by 44.3% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 51,802 shares of the conglomerate’s stock worth $10,106,000 after purchasing an additional 15,910 shares during the period. Sigma Planning Corp lifted its stake in Honeywell International by 18.6% in the fourth quarter. Sigma Planning Corp now owns 31,756 shares of the conglomerate’s stock worth $6,200,000 after purchasing an additional 4,978 shares during the last quarter. Finally, Belleair Asset Management LLC bought a new stake in Honeywell International in the fourth quarter worth about $473,000. Institutional investors own 75.91% of the company’s stock.

Honeywell International Trading Up 1.9%

HON opened at $214.33 on Friday. The company has a quick ratio of 1.10, a current ratio of 1.39 and a debt-to-equity ratio of 1.98. The stock’s fifty day moving average is $230.45 and its two-hundred day moving average is $215.57. The company has a market capitalization of $135.81 billion, a P/E ratio of 30.36, a PEG ratio of 3.00 and a beta of 0.93. Honeywell International Inc. has a 52 week low of $186.76 and a 52 week high of $248.18.

Honeywell International (NASDAQ:HON) last issued its earnings results on Thursday, April 23rd. The conglomerate reported $2.45 earnings per share for the quarter, topping the consensus estimate of $2.32 by $0.13. Honeywell International had a return on equity of 42.29% and a net margin of 11.37%.The business had revenue of $9.14 billion during the quarter, compared to analysts’ expectations of $9.30 billion. The business’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same period in the prior year, the business earned $2.21 EPS. 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. Analysts forecast that Honeywell International Inc. will post 10.54 earnings per share for the current year.

Honeywell International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Shareholders of record on Friday, May 15th will be issued a dividend of $1.19 per share. This represents a $4.76 annualized dividend and a yield of 2.2%. The ex-dividend date is Friday, May 15th. Honeywell International’s dividend payout ratio is presently 67.42%.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. BNP Paribas Exane upped their target price on Honeywell International from $195.00 to $215.00 and gave the company a “neutral” rating in a research note on Monday, February 2nd. Barclays decreased their price target on Honeywell International from $255.00 to $243.00 and set an “overweight” rating for the company in a research note on Friday, April 24th. Wolfe Research upped their price objective on Honeywell International from $293.00 to $296.00 and gave the company an “outperform” rating in a research report on Thursday, March 26th. Wall Street Zen upgraded Honeywell International to a “hold” rating in a research note on Saturday, January 3rd. Finally, Citigroup decreased their target price on Honeywell International from $265.00 to $257.00 and set a “buy” rating for the company in a research report on Friday, April 24th. Thirteen equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $250.00.

Insider Activity

In other Honeywell International news, Director D Scott Davis sold 2,367 shares of the firm’s stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $240.00, for a total transaction of $568,080.00. Following the transaction, the director owned 31,081 shares of the company’s stock, valued at approximately $7,459,440. This trade represents a 7.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Robert D. Mailloux sold 5,274 shares of the business’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 owned 4,803 shares of the company’s stock, valued at approximately $1,147,917. This represents a 52.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.15% of the stock is owned by corporate insiders.

About Honeywell International

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.