1,456 Shares in Honeywell International Inc. $HON Acquired by Tower View Wealth Management LLC

Key Points

• Tower View Wealth Management LLC has acquired 1,456 shares of Honeywell International Inc., valued at approximately $339,000, as part of its recent investment strategy.
• Honeywell has announced a quarterly dividend increase to $1.19 per share, representing a 2.3% yield for investors, effective December 5th.
• Analyst recommendations for Honeywell include an average target price investment of $254.79, with one "Strong Buy," eight "Buy," and eight "Hold" ratings issued.

Tower View Wealth Management LLC acquired a new position in Honeywell International Inc. (NASDAQ:HON - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 1,456 shares of the conglomerate's stock, valued at approximately $339,000.

A number of other hedge funds also recently added to or reduced their stakes in HON. Nuveen LLC purchased a new stake in Honeywell International during the 1st quarter valued at $1,150,929,000. Wellington Management Group LLP raised its stake 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 buying an additional 1,293,137 shares during the last quarter. Alliancebernstein L.P. raised its stake in Honeywell International by 64.6% during the 1st quarter. Alliancebernstein L.P. now owns 2,652,344 shares of the conglomerate's stock valued at $561,634,000 after buying an additional 1,041,273 shares during the last quarter. Vista Cima Wealth Management LLC purchased a new stake in Honeywell International during the 1st quarter valued at $164,000. Finally, OVERSEA CHINESE BANKING Corp Ltd raised its stake in Honeywell International by 592.0% during the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 867,665 shares of the conglomerate's stock valued at $183,728,000 after buying an additional 742,281 shares during the last quarter. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on HON shares. Morgan Stanley boosted their target price on shares of Honeywell International from $225.00 to $245.00 and gave the company an "equal weight" rating in a research note on Monday, July 28th. Barclays boosted their target price on shares of Honeywell International from $258.00 to $265.00 and gave the company an "overweight" rating in a research note on Wednesday, July 9th. Wells Fargo & Company decreased their target price on shares of Honeywell International from $240.00 to $230.00 and set an "equal weight" rating for the company in a research note on Friday, July 25th. Royal Bank Of Canada cut their price objective on shares of Honeywell International from $254.00 to $253.00 and set a "sector perform" rating for the company in a research report on Friday, July 25th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Honeywell International from $268.00 to $271.00 and gave the company a "buy" rating in a research report on Thursday. One investment 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. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $254.79.

Honeywell International Trading Up 0.4%

Shares of HON stock opened at $211.01 on Friday. Honeywell International Inc. has a 1 year low of $179.36 and a 1 year high of $242.77. The firm has a fifty day moving average price of $215.93 and a 200-day moving average price of $217.35. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.29 and a quick ratio of 0.97. The company has a market cap of $133.97 billion, a price-to-earnings ratio of 24.01, a PEG ratio of 2.37 and a beta of 1.06.

Honeywell International (NASDAQ:HON - Get Free Report) last issued its earnings results 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. The company had revenue of $10.35 billion during the quarter, compared to the consensus estimate of $10.01 billion. Honeywell International had a net margin of 14.30% and a return on equity of 37.37%. Honeywell International's quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.49 EPS. Honeywell International has set its FY 2025 guidance at 10.450-10.650 EPS. Q3 2025 guidance at 2.500-2.600 EPS. As a group, equities analysts predict that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Friday, November 14th will be issued a $1.19 dividend. The ex-dividend date of this dividend is Friday, November 14th. This represents a $4.76 annualized dividend and a yield of 2.3%. This is an increase from Honeywell International's previous quarterly dividend of $1.13. Honeywell International's payout ratio is currently 54.15%.

Insiders Place Their Bets

In related news, CEO Lucian Boldea sold 42,149 shares of the company's stock in a transaction 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 completion of the transaction, the chief executive officer owned 10,334 shares of the company's stock, valued at approximately $2,289,807.72. This represents a 80.31% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.20% of the company's stock.

About Honeywell International

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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