California Public Employees Retirement System 13F: Cuts HON Stake by $13M

CalPERS Cuts Stake in Honeywell International Inc.

The California Public Employees Retirement System reduced its investment in Honeywell International Inc. (NASDAQ: HON) during the reporting period, according to a recent Form 13F filing with the Securities and Exchange Commission. The large public pension fund trimmed its position by 4.6%, selling 54,150 shares to leave its holdings at 1,105,154 shares. At the close of the period, that remaining block of stock carried a reported value of about $268.9 million. Because 13F filings look backward at past quarters, this position report reflects holdings as of that specific date and may not reflect the fund's current stance today.

Honeywell Stock Trades Below Recent Highs

Honeywell shares traded near $243.34 recently, positioning the industrial conglomerate well within its 52-week range spanning from a low of $195.87 to a high of $260.28. The company carries a price-to-earnings ratio of 7.77 alongside a forward P/E of 21.44. With a market capitalization near $66.72 billion, the stock changes hands above its 50-day moving average of $215.11 and its 200-day moving average of $230.54.

Recent Earnings and Financial Health

Honeywell reported solid underlying metrics backed by total annual revenue of $38.06 billion with a revenue growth rate of 4.3%. The industrial firm generated earnings of $27.09 per share, supported by a net profit margin of 21.58% and a return on equity of 46.58%. The company's next quarterly earnings update is scheduled for October 22, 2026.

Dividend Profile for Shareholders

Investors in Honeywell receive a regular payout backed by an annual dividend yield of 1.33%. The company maintains a dividend payout ratio of 34.7%, directing a modest share of its earnings back to shareholders via cash distributions.

Wall Street Analyst Coverage and Price Targets

Analyst firms continue to monitor Honeywell closely, issuing several updates in recent weeks. On October 15, 2026, Mizuho maintained its Outperform rating while adjusting its price target to $255.00 from $265.00. RBC Capital maintained an Outperform rating on October 14, 2026, lowering its target to $270.00 from $293.00. Citigroup maintained a Buy rating on October 12, 2026, with a target of $270.00, and JP Morgan kept an Overweight rating on October 9, 2026, with a target of $240.00. Wells Fargo initiated coverage on September 25, 2026, with an Equal-Weight rating and a $231.00 price target. Overall, the stock carries a consensus buy recommendation from 23 analyst opinions with a mean target price of $254.91.

Inside Honeywell's Industrial Operations

Headquartered in Charlotte, North Carolina, Honeywell International operates as a diversified industrial manufacturing and technology company. It builds automation controls, sensing equipment, and security software for commercial buildings, alongside specialized process technologies for energy and petrochemical operations. The firm employs roughly 101,000 workers globally under the leadership of CEO Vimal M. Kapur.

What to Watch Next for Honeywell

Institutional investors and market watchers will look toward Honeywell's upcoming earnings report in late October for fresh clues on industrial demand and profit margins. Future SEC filings will also reveal whether large funds like CalPERS continue trimming their positions or pivot back toward accumulation as the stock interacts with its moving averages.