Adage Capital Partners Gp, L.L.C. Reduces $9M in Honeywell International Inc. ($HON)
Adage Capital reduced its Honeywell position by 19,966 shares, bringing its total to 408,451 shares.
Key Points
- Adage Capital Partners trimmed its Honeywell stake by 4.7%, reducing its holdings by 19,966 shares to 408,451 shares, valued at approximately $189.7 million.
- Honeywell shares traded around $464.42 on Monday with a market cap of $147.1 billion and a P/E ratio of 18.5.
- Recent insider activity includes CEO Vimal Kapur buying and selling shares; analysts maintain a buy consensus with a mean target price of $494.56.
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In its latest SEC filing, Adage Capital Partners Gp, L.L.C. reported trimming its position in Honeywell International Inc. (NasdaqGS: HON) by 19,966 shares. This reduction, recorded as of May 15, 2026, leaves Adage with 408,451 shares, valued at about $189.7 million. The move marks a 4.7% decrease in their Honeywell holdings.
Adage Capital Partners Gp, L.L.C. vs. the S&P 500
Hypothetical, simulated performance of disclosed positions vs. the S&P 500. Not realized profit and not investment advice. Past performance does not indicate future results. Details.
What Changed in Adage Capital Partners' Honeywell Position
Adage Capital Partners reduced its stake in Honeywell International Inc. by 19,966 shares, bringing its total holdings to 408,451 shares. This adjustment represents a 4.7% decrease from its previous holding of 428,417 shares, as reflected in the recent filing.
Other Institutional Activity in Honeywell
Among other institutional investors, BlackRock, Inc. reduced its Honeywell holdings by 3,774,610 shares, ending with 48,831,876 shares valued at approximately $11.04 billion, a 7.2% decrease. Vanguard Capital Management LLC opened a new position with 41,280,753 shares, valued at about $9.33 billion. State Street Corp increased its holdings slightly by 49,723 shares to a total of 31,726,805 shares worth around $7.17 billion, reflecting a 0.2% increase. Morgan Stanley trimmed its position by 996,617 shares, resulting in 18,428,804 shares valued at $4.17 billion, a 5.1% decrease. Wellington Management Group LLP, on the other hand, boosted its stake by 3,833,636 shares, now holding 16,635,316 shares valued at $3.76 billion, marking a 29.9% increase.
Honeywell International Inc. Stock Up 113.6%
Shares of Honeywell International Inc. traded near $464.42 on Monday. The company has a market capitalization of approximately $147.1 billion and a P/E ratio of 18.5. Honeywell's stock has a 52-week low of $226.29 and a high of $496.36. Its 50-day moving average is $442.51, and the 200-day moving average is $429.45. The company's beta is 0.843, indicating lower volatility compared to the market. Honeywell maintains a current ratio of 1.39 and a quick ratio of 0.93, with a debt-to-equity ratio of 257.39.
$HON stock price
Daily closing prices, year to date. Not investment advice.
Recent Earnings
Honeywell reported revenue of $37.66 billion with a modest growth rate of 2.4%. The company's net margin stands at 10.89%, and it achieved a return on equity of 24.26%. Earnings per share (EPS) were noted at $12.54. The next earnings report is scheduled for July 23, 2026.
Dividend
Honeywell offers an annual dividend rate of $9.52, yielding 2.05% based on recent share prices. The dividend payout ratio is 74.12%, indicating the portion of earnings paid out as dividends.
Insider Buying and Selling at Honeywell International Inc.
Recent insider activity at Honeywell includes CEO Vimal Kapur buying 1,997 shares and selling 868 shares on June 1, 2026. Additionally, Jillian Evanko purchased 150 shares at an average price of $234.99 on the same day. Craig Arnold also bought 576 shares on May 22, 2026.
Analysts Set New Price Targets
On June 12, 2026, RBC Capital reiterated its buy rating on Honeywell with a price target of $275. Bernstein initiated coverage with a hold rating and a $233 target on June 10, while Barclays maintained its buy rating, setting a target of $239. The consensus among analysts is a buy rating, with an average target price of $494.56 based on 23 analyst opinions.
About Honeywell International Inc.
Honeywell International Inc. is a diversified industrial company operating in sectors like aerospace, industrial automation, building technologies, and energy solutions. Headquartered in Charlotte, North Carolina, and led by CEO Vimal M. Kapur, Honeywell employs about 101,000 people. The company provides a wide range of products and services, including aerospace technologies, building automation systems, and industrial solutions, serving markets globally.
Bottom Line
Adage Capital's recent trimming of its Honeywell stake is part of its ongoing portfolio adjustments. Investors closely follow these filings for insights into institutional investment trends, though the data reflects past positions. Honeywell remains a significant player in the industrial sector, with solid earnings and a stable dividend, while analysts generally maintain a positive outlook on its stock.
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