1,241 Shares in Honeywell International Inc. $HON Purchased by BCS Wealth Management

Key Points

• BCS Wealth Management purchased 1,241 shares of Honeywell International Inc. for approximately $289,000 in the 2nd quarter, indicating growing institutional interest in the stock.
• CEO Lucian Boldea sold 42,149 shares at an average price of $221.58, significantly reducing his position by over 80%.
• Honeywell reported a strong quarterly performance with earnings per share of $2.75, exceeding estimates and showing an 8.1% year-over-year revenue increase.

BCS Wealth Management purchased a new position in Honeywell International Inc. (NASDAQ:HON - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 1,241 shares of the conglomerate's stock, valued at approximately $289,000.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its position in Honeywell International by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 62,209,455 shares of the conglomerate's stock valued at $13,172,852,000 after purchasing an additional 447,744 shares during the last quarter. Wellington Management Group LLP grew its position in Honeywell International by 8.9% during the 1st quarter. Wellington Management Group LLP now owns 15,751,951 shares of the conglomerate's stock valued at $3,335,476,000 after purchasing an additional 1,293,137 shares during the last quarter. Goldman Sachs Group Inc. grew its position in Honeywell International by 9.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 6,038,080 shares of the conglomerate's stock valued at $1,278,563,000 after purchasing an additional 505,083 shares during the last quarter. Invesco Ltd. grew its position in Honeywell International by 5.4% during the 1st quarter. Invesco Ltd. now owns 5,568,610 shares of the conglomerate's stock valued at $1,179,153,000 after purchasing an additional 283,193 shares during the last quarter. Finally, Nuveen LLC purchased a new stake in Honeywell International during the 1st quarter valued at about $1,150,929,000. 75.91% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Honeywell International

In other news, CEO Lucian Boldea sold 42,149 shares of the stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $221.58, for a total value of $9,339,375.42. Following the transaction, the chief executive officer owned 10,334 shares in the company, valued at $2,289,807.72. This represents a 80.31% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.20% of the stock is owned by company insiders.

Honeywell International Price Performance

Shares of NASDAQ:HON opened at $208.60 on Thursday. The firm's 50 day moving average price is $219.01 and its 200-day moving average price is $217.34. Honeywell International Inc. has a twelve month low of $179.36 and a twelve month high of $242.77. The company has a quick ratio of 0.97, a current ratio of 1.29 and a debt-to-equity ratio of 1.81. The stock has a market capitalization of $132.44 billion, a PE ratio of 23.73, a price-to-earnings-growth ratio of 2.36 and a beta of 1.05.

Honeywell International (NASDAQ:HON - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The conglomerate reported $2.75 earnings per share for the quarter, topping the consensus estimate of $2.66 by $0.09. Honeywell International had a net margin of 14.30% and a return on equity of 37.37%. The firm had revenue of $10.35 billion for the quarter, compared to analysts' expectations of $10.01 billion. During the same quarter in the prior year, the business earned $2.49 EPS. The business's quarterly revenue was up 8.1% on a year-over-year basis. Honeywell International has set its FY 2025 guidance at 10.450-10.650 EPS. Q3 2025 guidance at 2.500-2.600 EPS. Equities research analysts expect that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 5th. Stockholders of record on Friday, August 15th were paid a $1.13 dividend. This represents a $4.52 annualized dividend and a dividend yield of 2.2%. The ex-dividend date was Friday, August 15th. Honeywell International's dividend payout ratio is 51.42%.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Citigroup increased their price objective on shares of Honeywell International from $242.00 to $265.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Morgan Stanley raised their price target on shares of Honeywell International from $225.00 to $245.00 and gave the company an "equal weight" rating in a report on Monday, July 28th. Wells Fargo & Company dropped their price target on shares of Honeywell International from $240.00 to $230.00 and set an "equal weight" rating on the stock in a report on Friday, July 25th. Royal Bank Of Canada dropped their price target on shares of Honeywell International from $254.00 to $253.00 and set a "sector perform" rating on the stock in a report on Friday, July 25th. Finally, Barclays raised their price target on shares of Honeywell International from $258.00 to $265.00 and gave the company an "overweight" rating in a report on Wednesday, July 9th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and eight have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $254.00.

Honeywell International Profile

Honeywell International Inc engages in the aerospace technologies, building automation, energy and sustainable solutions, and industrial automation businesses in the United States, Europe, and internationally. The company's Aerospace segment offers auxiliary power units, propulsion engines, integrated avionics, environmental control and electric power systems, engine controls, flight safety, communications, navigation hardware, data and software applications, radar and surveillance systems, aircraft lighting, advanced systems and instruments, satellite and space components, and aircraft wheels and brakes; spare parts; repair, overhaul, and maintenance services; and thermal systems, as well as wireless connectivity services.

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