Allen Mooney & Barnes Investment Advisors LLC Buys Shares of 28,131 Honeywell International Inc. $HON

Key Points

• Allen Mooney & Barnes Investment Advisors bought 28,131 Honeywell shares worth approximately $7.2 million in the second quarter. Institutional investors collectively own 75.91% of the company.
• Honeywell reported quarterly EPS of $1.95, beating the $1.80 consensus estimate, while revenue rose 3.4% year over year to $9.72 billion.
• Analysts maintain a consensus “Hold” rating with an average price target of $254.04; the company also declared a quarterly dividend of $0.70 per share, representing a 1.3% yield.

Allen Mooney & Barnes Investment Advisors LLC purchased a new position in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 28,131 shares of the conglomerate's stock, valued at approximately $7,202,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. J. Stern & Co. LLP lifted its stake in shares of Honeywell International by 22,704.6% in the 4th quarter. J. Stern & Co. LLP now owns 53,209,042 shares of the conglomerate's stock worth $10,380,552,000 after acquiring an additional 52,975,716 shares during the period. Bank of New York Mellon Corp bought a new stake in shares of Honeywell International in the 2nd quarter worth $732,869,000. Diamant Asset Management Inc. bought a new stake in shares of Honeywell International in the 1st quarter worth $496,693,000. Mizuho Markets Americas LLC lifted its holdings in shares of Honeywell International by 921.0% in the fourth quarter. Mizuho Markets Americas LLC now owns 2,042,000 shares of the conglomerate's stock valued at $398,374,000 after buying an additional 1,842,000 shares during the period. Finally, Eurizon Capital SGR S.p.A. bought a new position in Honeywell International during the fourth quarter valued at about $248,040,000. Institutional investors own 75.91% of the company's stock.

Insider Activity at Honeywell International

In other news, CEO Kenneth West sold 17,032 shares of the company's stock in a transaction on Monday, July 27th. The shares were sold at an average price of $243.77, for a total value of $4,151,890.64. Following the transaction, the chief executive officer directly owned 2,132 shares of the company's stock, valued at approximately $519,717.64. This represents a 88.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.15% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on HON shares. Mizuho lifted their target price on Honeywell International from $240.00 to $265.00 and gave the stock an "outperform" rating in a report on Monday, July 27th. JPMorgan Chase & Co. reduced their price objective on shares of Honeywell International from $262.00 to $255.00 and set an "overweight" rating for the company in a research report on Friday, August 14th. Weiss Ratings cut shares of Honeywell International from a "hold (c)" rating to a "hold (c-)" rating in a research note on Tuesday, August 4th. Rothschild & Co Redburn dropped their target price on shares of Honeywell International from $235.00 to $225.00 and set a "neutral" rating on the stock in a report on Thursday, May 21st. Finally, BMO Capital Markets increased their target price on shares of Honeywell International from $253.00 to $276.00 and gave the company an "outperform" rating in a research note on Monday, July 27th. Thirteen analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, Honeywell International has a consensus rating of "Hold" and a consensus target price of $254.04.

Honeywell International Trading Up 0.8%

NASDAQ:HON opened at $207.63 on Friday. The company has a quick ratio of 0.93, a current ratio of 1.21 and a debt-to-equity ratio of 1.39. Honeywell International Inc. has a 1-year low of $196.59 and a 1-year high of $261.24. The firm has a market capitalization of $65.81 billion, a price-to-earnings ratio of 8.03, a price-to-earnings-growth ratio of 3.45 and a beta of 0.87. The stock has a fifty day simple moving average of $229.09 and a 200 day simple moving average of $228.19.

Honeywell International (NASDAQ:HON - Get Free Report) last issued its quarterly earnings results on Thursday, July 23rd. The conglomerate reported $1.95 earnings per share for the quarter, topping analysts' consensus estimates of $1.80 by $0.15. Honeywell International had a return on equity of 34.00% and a net margin of 23.90%.The firm had revenue of $9.72 billion for the quarter, compared to analysts' expectations of $5.03 billion. During the same quarter last year, the business posted $1.77 EPS. Honeywell International's revenue was up 3.4% on a year-over-year basis. Honeywell International has set its Q3 2026 guidance at 2.050-2.200 EPS and its Q4 2026 guidance at 2.280-2.430 EPS. Sell-side analysts forecast that Honeywell International Inc. will post 8.29 earnings per share for the current year.

Honeywell International Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 4th. Investors of record on Friday, August 14th will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $2.80 dividend on an annualized basis and a yield of 1.3%. Honeywell International's payout ratio is presently 36.80%.

About Honeywell International

Honeywell International Inc is a diversified, publicly traded multinational conglomerate NASDAQ: HON that designs and manufactures a wide range of commercial and consumer products, engineering services and aerospace systems. The company operates through major business platforms that historically include Aerospace; Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. Its portfolio spans avionics and propulsion systems, building controls and HVAC equipment, process technologies and advanced materials, industrial automation software, and personal protective equipment and scanning solutions.

Honeywell's aerospace business supplies aircraft manufacturers and operators with engines and auxiliary power units, avionics, flight safety systems and aftermarket services.

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