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Aster Capital Management DIFC Ltd Reduces Stock Holdings in Honeywell International Inc. $HON
Defense World· 2026-02-27 08:30
Core Insights - Aster Capital Management DIFC Ltd reduced its stake in Honeywell International by 50% in Q3, holding 5,844 shares valued at $1.23 million, making it the 29th largest position in their portfolio [2] - Several hedge funds have significantly increased their positions in Honeywell, with Laurel Wealth Advisors raising its stake by 23,503% in Q2, now owning 3.72 million shares valued at $865.51 million [3] - Insider transactions indicate a decrease in ownership, with Director D Scott Davis selling 2,367 shares and VP Robert D. Mailloux selling 5,274 shares, reflecting a 7.08% and 52.34% decrease in their respective holdings [4] Financial Performance - Honeywell reported Q4 earnings of $2.59 EPS, surpassing estimates of $2.54, with revenue of $10.07 billion, a 6.4% increase year-over-year [6] - The company has a market cap of $153.12 billion, a P/E ratio of 30.15, and a dividend yield of 2.0% with a quarterly dividend of $1.19 per share [5][7] Analyst Ratings - Analysts have raised price targets for Honeywell, with JPMorgan increasing its target from $255 to $260 and Barclays from $250 to $259, indicating a generally positive outlook with an average target price of $247.50 [9]