Adage Capital Partners Gp, L.L.C. 13F: Cuts HON Stake by $9.3M
Adage Capital Partners reduced its stake in Honeywell International by nearly 20,000 shares in its latest filing.
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Adage Capital Partners Gp, L.L.C. sold 19,966 shares from its stake in Honeywell International Inc. ($HON), a 4.66% decrease, according to a 13F filing with the SEC dated May 15, 2026. It reported 408,451 shares worth $189.69 million at the end of the quarter.
Since the filing, $HON is up 6.9% after 1 week, up 6.7% after 1 month and down 5.2% to date (from the $222.97 close on May 15, 2026).
Find the original: Adage Capital Partners Gp, L.L.C. 13F filings on SEC EDGAR
HON
Honeywell International Inc.
Key Points
- Adage Capital Partners trimmed its position in Honeywell International by 19,966 shares, a 4.66% decrease, leaving it with 408,451 shares valued at approximately $189.7 million.
- Honeywell's stock is currently trading at $464.42, significantly above its 52-week low of $195.87, reflecting a strong market performance.
- Analysts remain bullish on Honeywell, with a consensus rating of 'buy' and a mean price target of $254.91 based on 23 opinions.
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Adage Capital Reduces Its Honeywell Holdings
Adage Capital Partners Gp, L.L.C. trimmed its stake in Honeywell International Inc. (HON) by 19,966 shares, a 4.66% decrease, according to its latest Form 13F filing with the SEC dated May 15, 2026. This adjustment brings the fund's total holdings to 408,451 shares, valued at approximately $189.7 million, based on the recent trading price of $464.42.
Adage Capital Partners Gp, L.L.C. vs. the S&P 500
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Understanding the Position Change
This reduction indicates a strategic adjustment in Adage Capital's investment approach. The fund previously held 428,417 shares, and this reduction suggests a shift in focus or market outlook for Honeywell. The exact reasons for this decision were not disclosed.
Institutional Activity Around Honeywell
No other funds reported changes to their positions in Honeywell International during this filing period. Adage's move stands alone in the context of institutional trading, highlighting a unique adjustment without peer influence.
Stock Performance and Market Context
Honeywell's stock is currently trading at $464.42, well above its 52-week low of $195.87. This strong performance may reflect investor confidence amidst the company's diverse operations in industrial automation and energy solutions. The stock has shown resilience and growth potential, making it a notable player in the industrial sector.
Analysts Set New Price Targets
On October 15, 2026, Mizuho maintained an 'Outperform' rating on Honeywell with a price target of $255. RBC Capital also kept its 'Outperform' rating but lowered its target to $270 on October 14, 2026. Other firms like Citigroup and JP Morgan have similarly maintained their positive outlooks, indicating a consensus 'buy' rating with a mean price target of $254.91 based on 23 analyst opinions.
What Honeywell International Inc. Does
Honeywell International Inc. is a global leader in industrial automation and energy solutions. The company operates in various sectors, providing products and services that enhance efficiency and sustainability in industrial operations. Adage's decision to trim its stake could reflect broader market dynamics or specific strategic shifts.
What's Ahead for Honeywell International Inc.
Investors will be closely watching Honeywell as it approaches its next earnings report scheduled for October 22, 2026. As a reminder, this filing reflects holdings as of May 15, 2026, and may not represent current positions. Analysts continue to express optimism about the company's future prospects, suggesting that the market will remain engaged with Honeywell's performance in the coming months.
Related Filing Alerts
Source: Adage Capital Partners Gp, L.L.C.'s 13F filing on $HON (May 15, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Find the original filing: Adage Capital Partners Gp, L.L.C. 13F filings on SEC EDGAR. Written by software, not financial advice. How we make alerts