GSA Capital Partners LLP Takes $463,000 Position in Honeywell International Inc. $HON

GSA Capital Partners LLP purchased a new position in shares of Honeywell International Inc. (NASDAQ:HON) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 2,200 shares of the conglomerate’s stock, valued at approximately $463,000.

Other institutional investors also recently bought and sold shares of the company. Laurel Wealth Advisors LLC lifted its stake in shares of Honeywell International by 23,503.0% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 3,716,532 shares of the conglomerate’s stock worth $865,506,000 after acquiring an additional 3,700,786 shares during the period. Bank of Nova Scotia raised its holdings in Honeywell International by 171.8% during the second quarter. Bank of Nova Scotia now owns 806,053 shares of the conglomerate’s stock worth $187,713,000 after purchasing an additional 509,456 shares in the last quarter. Holocene Advisors LP acquired a new stake in Honeywell International in the second quarter valued at about $93,152,000. SG Americas Securities LLC lifted its position in Honeywell International by 357.2% in the second quarter. SG Americas Securities LLC now owns 275,160 shares of the conglomerate’s stock valued at $64,079,000 after purchasing an additional 382,152 shares during the period. Finally, Marshall Wace LLP boosted its holdings in Honeywell International by 88.1% in the 2nd quarter. Marshall Wace LLP now owns 802,060 shares of the conglomerate’s stock valued at $186,784,000 after purchasing an additional 375,757 shares in the last quarter. 75.91% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Honeywell International

Here are the key news stories impacting Honeywell International this week:

• Positive Sentiment: Honeywell entered an amended agreement to buy Johnson Matthey’s Catalyst Technologies business at a lower price (~£1.325bn), and the long-stop date was extended — this reduces Honeywell’s cash outlay and improves the deal’s economics. Honeywell Enters Into Amended Agreement to Acquire Johnson Matthey’s Catalyst Technologies Business
• Positive Sentiment: Multiple outlets report the Johnson Matthey sale price was cut (from ~£1.8bn to ~£1.33–1.8bn converted), effectively giving Honeywell a ~26% discount on the previously agreed deal — a near-term cost benefit for HON. Johnson Matthey agrees reduced $1.8 billion sale of catalyst division to Honeywell
• Positive Sentiment: Goldman Sachs bumped its Honeywell price target to $262 and kept a Buy rating — analyst support can attract flows and validate the stock’s upside narrative. Goldman Sachs adjusts PT on Honeywell International to $262
• Neutral Sentiment: Market/technical momentum: reports highlighted HON hitting an all-time high recently, reflecting positive price action and investor enthusiasm that can reinforce further buying. Honeywell International stock hits all-time high
• Neutral Sentiment: Longer-term market tailwinds: a report on the growing Home Energy Management System (HEMS) market suggests structural demand for smart building and energy-efficiency products, an end-market that aligns with Honeywell’s portfolio but is not an immediate catalyst. Home Energy Management System Market Company Analysis
• Negative Sentiment: An officer/director sold ~$568k of HON stock — insider sales can be read negatively by some investors, though the size is small relative to Honeywell’s market cap. Honeywell Director Sells $568,080.00 in Stock

Insider Activity at Honeywell International

In related news, Director D Scott Davis sold 2,367 shares of Honeywell International stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $240.00, for a total transaction of $568,080.00. Following the completion of the transaction, the director directly owned 31,081 shares in the company, valued at $7,459,440. The trade was a 7.08% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Robert D. Mailloux sold 10,549 shares of the stock in a transaction on Friday, January 30th. The shares were sold at an average price of $229.00, for a total value of $2,415,721.00. Following the sale, the vice president owned 4,803 shares in the company, valued at approximately $1,099,887. This trade represents a 68.71% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 18,190 shares of company stock valued at $4,244,287 over the last 90 days. Insiders own 0.41% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Jefferies Financial Group raised their price target on Honeywell International from $220.00 to $240.00 in a report on Tuesday, February 3rd. Sanford C. Bernstein set a $255.00 price objective on Honeywell International in a research report on Friday, January 16th. Rothschild & Co Redburn raised their target price on Honeywell International from $222.00 to $235.00 and gave the company a “neutral” rating in a report on Monday, February 2nd. The Goldman Sachs Group upped their price target on shares of Honeywell International from $236.00 to $262.00 and gave the stock a “buy” rating in a research note on Monday. Finally, Barclays increased their price target on shares of Honeywell International from $250.00 to $259.00 and gave the company an “overweight” rating in a report on Friday, January 30th. Eleven analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $247.50.

Honeywell International Trading Up 0.2%

Shares of HON stock opened at $243.61 on Wednesday. The stock has a market cap of $154.86 billion, a P/E ratio of 30.49, a P/E/G ratio of 3.52 and a beta of 0.94. The company has a quick ratio of 1.03, a current ratio of 1.30 and a debt-to-equity ratio of 1.81. Honeywell International Inc. has a fifty-two week low of $169.21 and a fifty-two week high of $246.00. The business has a fifty day simple moving average of $218.49 and a 200-day simple moving average of $210.30.

Honeywell International (NASDAQ:HON) last released its quarterly earnings data on Thursday, January 29th. The conglomerate reported $2.59 EPS for the quarter, topping the consensus estimate of $2.54 by $0.05. Honeywell International had a net margin of 12.74% and a return on equity of 40.64%. The business had revenue of $10.07 billion for the quarter, compared to analyst estimates of $9.60 billion. During the same period in the previous year, the firm earned $2.47 EPS. The business’s revenue for the quarter was up 6.4% compared to the same quarter last year. On average, analysts forecast that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be paid a dividend of $1.19 per share. This represents a $4.76 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Friday, February 27th. Honeywell International’s dividend payout ratio (DPR) is 59.57%.

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.