Legal & General Group Plc Has $700.37 Million Stake in Honeywell International Inc. $HON

Legal & General Group Plc trimmed its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 5.9% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 3,589,982 shares of the conglomerate’s stock after selling 224,530 shares during the period. Legal & General Group Plc’s holdings in Honeywell International were worth $700,369,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Holos Integrated Wealth LLC acquired a new position in Honeywell International during the fourth quarter worth $25,000. Ares Financial Consulting LLC acquired a new position in Honeywell International during the fourth quarter worth $26,000. Strategic Wealth Advisors LLC acquired a new position in Honeywell International during the fourth quarter worth $29,000. JPL Wealth Management LLC acquired a new position in Honeywell International during the third quarter worth $31,000. Finally, Strive Asset Management LLC acquired a new position in Honeywell International during the third quarter worth $33,000. 75.91% of the stock is owned by institutional investors and hedge funds.

Honeywell International Price Performance

HON stock opened at $227.92 on Monday. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.39 and a quick ratio of 1.10. Honeywell International Inc. has a 52-week low of $186.76 and a 52-week high of $248.18. The company has a 50-day moving average of $223.63 and a two-hundred day moving average of $216.67. The stock has a market capitalization of $144.42 billion, a price-to-earnings ratio of 32.28, a price-to-earnings-growth ratio of 3.26 and a beta of 0.82.

Honeywell International (NASDAQ:HON) last released its quarterly earnings results on Thursday, April 23rd. The conglomerate reported $2.45 earnings per share (EPS) 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 company had revenue of $9.14 billion during the quarter, compared to analysts’ expectations of $9.30 billion. During the same period in the prior year, the company earned $2.21 earnings per share. The business’s quarterly revenue was up 2.4% compared to the same quarter last year. 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. As a group, equities research analysts anticipate that Honeywell International Inc. will post 10.53 EPS for the current year.

Honeywell International Announces Dividend

The company also recently declared 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 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Friday, May 15th. Honeywell International’s dividend payout ratio is 67.42%.

Analyst Upgrades and Downgrades

HON has been the topic of several analyst reports. Wells Fargo & Company lowered their target price on shares of Honeywell International from $235.00 to $230.00 and set an “equal weight” rating on the stock in a research report on Friday, April 24th. Morgan Stanley increased 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. Wolfe Research increased their target price on shares of Honeywell International from $293.00 to $296.00 and gave the stock an “outperform” rating in a research report on Thursday, March 26th. The Goldman Sachs Group lowered their target price on shares of Honeywell International from $262.00 to $258.00 and set a “buy” rating on the stock in a research report on Friday, April 24th. Finally, Weiss Ratings cut shares of Honeywell International from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, April 13th. Thirteen investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $247.83.

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.