DAVENPORT & Co LLC Has $18.26 Million Stock Position in Honeywell International Inc. $HON

DAVENPORT & Co LLC lessened its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 11.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 93,595 shares of the conglomerate’s stock after selling 11,698 shares during the quarter. DAVENPORT & Co LLC’s holdings in Honeywell International were worth $18,259,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Franklin Resources Inc. grew its position in Honeywell International by 28.8% during the 3rd quarter. Franklin Resources Inc. now owns 10,196,543 shares of the conglomerate’s stock worth $2,146,372,000 after acquiring an additional 2,277,234 shares during the last quarter. Invesco Ltd. raised its position in Honeywell International by 11.0% in the third quarter. Invesco Ltd. now owns 6,115,954 shares of the conglomerate’s stock valued at $1,287,408,000 after purchasing an additional 605,600 shares during the last quarter. Unisphere Establishment raised its position in Honeywell International by 5.4% in the third quarter. Unisphere Establishment now owns 4,215,000 shares of the conglomerate’s stock valued at $887,258,000 after purchasing an additional 215,000 shares during the last quarter. SG Americas Securities LLC boosted its stake in shares of Honeywell International by 15,459.1% during the fourth quarter. SG Americas Securities LLC now owns 4,057,960 shares of the conglomerate’s stock valued at $791,667,000 after purchasing an additional 4,031,879 shares in the last quarter. Finally, Capital Research Global Investors grew its holdings in shares of Honeywell International by 1.4% during the third quarter. Capital Research Global Investors now owns 4,046,957 shares of the conglomerate’s stock worth $851,880,000 after purchasing an additional 55,681 shares during the last quarter. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Key Honeywell International News

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

• Positive Sentiment: Signed a supplier framework with the U.S. Department of War that includes a multi‑year commitment and a $500 million investment to upgrade Honeywell Aerospace production capacity — a direct boost to defense revenue visibility and backlog. HONEYWELL AEROSPACE, DEPARTMENT OF WAR SIGN GROUNDBREAKING AGREEMENT TO ACCELERATE PRODUCTION OF DEFENSE TECHNOLOGIES
• Positive Sentiment: Joined Lockheed Martin in framework deals to accelerate missile and defense tech output — signal of deeper government partnerships and higher production cadence for aerospace/defense components. Lockheed, Honeywell Sign Framework Deals to Accelerate Missile, Defense Tech Output
• Positive Sentiment: Expanded and reported early participation in an upsized US$4.67B cash tender to retire selected dollar and euro notes — reduces outstanding debt, reshapes the debt maturity profile and demonstrates active balance‑sheet management. Will Honeywell’s Upsized US$4.67 Billion Debt Tender Change Honeywell International’s (HON) Narrative?
• Positive Sentiment: Analyst/market commentary is increasingly constructive on Honeywell as a value play and on potential strategic moves (spin/separation of aerospace business) that could unlock shareholder value. Honeywell: The Premier Value Play In Industrials At A Discount
• Positive Sentiment: Coverage noting a planned aerospace/industrial split as a long‑term catalyst (could improve focus, cash flow and M&A flexibility). Honeywell Splits to Enhance Focus With 2 Pureplay Businesses
• Neutral Sentiment: CEO Vimal Kapur emphasized continued emphasis on automation and physical AI but said “human intervention” remains necessary — reassures investors about a measured, risk‑aware approach to AI deployment rather than aggressive tech pivot. AI: This CEO believes ‘human intervention’ is still necessary
• Negative Sentiment: Short interest rose earlier in March (about 9.06M shares as of Mar. 13, ~1.4% of float, ~2.2 days to cover) — a sign of some bearish positioning that could add volatility on mixed news or weaker results.

Insiders Place Their Bets

In other Honeywell International news, Director D Scott Davis sold 2,367 shares of the stock in a transaction dated 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 sale, the director directly owned 31,081 shares in the company, valued at approximately $7,459,440. This trade represents a 7.08% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Robert D. Mailloux sold 10,549 shares of Honeywell International stock in a transaction dated Friday, January 30th. The stock was sold at an average price of $229.00, for a total value of $2,415,721.00. Following the completion of the transaction, the vice president directly owned 4,803 shares of the company’s stock, valued at approximately $1,099,887. This trade represents a 68.71% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 18,190 shares of company stock valued at $4,244,287 in the last three months. 0.20% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts have recently issued reports on HON shares. JPMorgan Chase & Co. upped their price objective on Honeywell International from $255.00 to $260.00 and gave the company an “overweight” rating in a research note on Friday, January 30th. Wells Fargo & Company lifted their target price on shares of Honeywell International from $215.00 to $235.00 and gave the stock an “equal weight” rating in a research report on Friday, January 30th. The Goldman Sachs Group upped their price target on shares of Honeywell International from $236.00 to $262.00 and gave the company a “buy” rating in a research report on Monday, February 23rd. Rothschild & Co Redburn raised their price target on shares of Honeywell International from $222.00 to $235.00 and gave the company a “neutral” rating in a research note on Monday, February 2nd. Finally, Mizuho cut their price target on shares of Honeywell International from $250.00 to $240.00 and set an “outperform” rating on the stock in a report on Monday, January 5th. Twelve analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Honeywell International presently has a consensus rating of “Moderate Buy” and an average price target of $251.65.

Honeywell International Price Performance

Shares of HON opened at $225.79 on Thursday. The business has a 50-day moving average of $233.11 and a 200-day moving average of $212.85. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.30 and a quick ratio of 1.03. The company has a market capitalization of $143.53 billion, a price-to-earnings ratio of 28.26, a price-to-earnings-growth ratio of 3.21 and a beta of 0.92. Honeywell International Inc. has a 1 year low of $169.21 and a 1 year high of $248.18.

Honeywell International (NASDAQ:HON) last released its earnings results on Thursday, January 29th. The conglomerate reported $2.59 earnings per share for the quarter, beating analysts’ consensus estimates of $2.54 by $0.05. The business had revenue of $10.07 billion during the quarter, compared to the consensus estimate of $9.60 billion. Honeywell International had a net margin of 12.74% and a return on equity of 40.64%. The company’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.47 EPS. As a group, equities research analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Friday, February 27th were given a dividend of $1.19 per share. The ex-dividend date was Friday, February 27th. This represents a $4.76 annualized dividend and a dividend yield of 2.1%. Honeywell International’s dividend payout ratio is 59.57%.

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.