California Public Employees Retirement System Reduces $13M in Honeywell International Inc. ($HON)

The California Public Employees Retirement System (CalPERS) recently trimmed its holdings in Honeywell International Inc. (NasdaqGS: HON). According to its latest 13F filing, CalPERS reduced its position by 54,150 shares, representing a 4.67% decrease. This adjustment leaves CalPERS with 1,105,154 shares of Honeywell, valued at approximately $254 million as of the reporting period.

What Changed in CalPERS's Honeywell Position

CalPERS's decision to reduce its Honeywell stake involved selling 54,150 shares, bringing its total holdings to 1,105,154 shares. This move reflects a 4.67% decrease from its previous position of 1,159,304 shares.

Other Institutional Activity in Honeywell

BlackRock, Inc. decreased its holdings in Honeywell by 3,774,610 shares, ending with 48,831,876 shares valued at about $11.04 billion. Vanguard Capital Management LLC significantly increased its stake by 41,280,753 shares, now holding the same number of shares valued at $9.33 billion. State Street Corp added 49,723 shares, bringing its total to 31,726,805 shares worth $7.17 billion. Morgan Stanley reduced its position by 996,617 shares, now holding 18,428,804 shares valued at $4.17 billion. Wellington Management Group LLP increased its holdings by 3,833,636 shares, totaling 16,635,316 shares with a value of $3.76 billion.

Honeywell Stock Snapshot

Shares of Honeywell International (NasdaqGS: HON) recently traded around $229.86. The company has a market capitalization of $145.4 billion, a P/E ratio of 36.60, and a forward P/E of 20.05. Honeywell's beta is 0.843, indicating lower volatility compared to the market. The stock's 52-week range is between $186.76 and $248.18, with a 50-day moving average of $221.92 and a 200-day moving average of $213.18.

Recent Earnings

Honeywell reported revenue of $37.66 billion with a growth rate of 2.4%. The company achieved a net margin of 10.89% and a return on equity of 24.26%. Honeywell's earnings per share (EPS) stood at $6.27. The next earnings report is expected on July 23, 2026.

Dividend

Honeywell offers an annual dividend rate of $4.76, yielding 2.07%. The dividend payout ratio is 74.12%, indicating the proportion of earnings paid out as dividends to shareholders.

Insider Buying and Selling at Honeywell International Inc.

On June 1, 2026, CEO Vimal Kapur purchased 1,997 shares, while also selling 868 shares on the same day. Jillian Evanko bought 150 shares at an average price of $234.99 and acquired an additional 540 shares without a specified price. Craig Arnold purchased 576 shares on May 22, 2026.

Analysts Set New Price Targets

On June 12, 2026, RBC Capital reiterated its 'buy' rating with a price target of $275. On June 10, Bernstein initiated coverage with a 'hold' rating and a $233 target. Barclays maintained its 'buy' rating with a $239 target on June 10. The consensus among 26 analysts is a 'buy' recommendation, with a mean target price of $246.67.

About Honeywell International Inc.

Honeywell International Inc., headquartered in Charlotte, North Carolina, is a diversified industrial conglomerate. The company operates across various sectors, including aerospace technologies, industrial automation, building automation, and energy solutions. Under the leadership of CEO Vimal M. Kapur, Honeywell employs around 101,000 people worldwide.

Bottom Line

CalPERS's recent reduction in its Honeywell position is a notable move in the context of institutional investment trends. Investors keep a close eye on such filings for insights into the fund's strategy, although it's important to remember these filings reflect past positions. Honeywell remains a key player in the industrial sector, with analysts generally maintaining a positive outlook.