Annex Advisory Services LLC Increases Stock Holdings in Honeywell International Inc. $HON

Key Points

• Annex Advisory Services LLC increased its holdings in Honeywell International Inc. by 8.1% in the second quarter, now owning 55,454 shares valued at approximately $12.91 million.
• Honeywell International reported a quarterly earnings per share (EPS) of $2.75, surpassing analyst expectations by $0.09, with revenue of $10.35 billion for the quarter, marking an 8.1% year-over-year increase.
• The company announced a quarterly dividend of $1.13 per share, which translates to an annualized yield of 2.2% and a payout ratio of 51.42%.

Annex Advisory Services LLC boosted its position in Honeywell International Inc. (NASDAQ:HON - Free Report) by 8.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 55,454 shares of the conglomerate's stock after buying an additional 4,171 shares during the quarter. Annex Advisory Services LLC's holdings in Honeywell International were worth $12,914,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. BTC Capital Management Inc. grew its position in Honeywell International by 6.5% in the 2nd quarter. BTC Capital Management Inc. now owns 17,420 shares of the conglomerate's stock worth $4,006,000 after purchasing an additional 1,069 shares during the last quarter. Orrstown Financial Services Inc. lifted its holdings in Honeywell International by 3.1% during the 2nd quarter. Orrstown Financial Services Inc. now owns 3,760 shares of the conglomerate's stock valued at $876,000 after purchasing an additional 114 shares during the last quarter. Bouvel Investment Partners LLC raised its stake in shares of Honeywell International by 1.9% in the second quarter. Bouvel Investment Partners LLC now owns 18,562 shares of the conglomerate's stock worth $4,323,000 after acquiring an additional 345 shares during the last quarter. Farther Finance Advisors LLC raised its stake in shares of Honeywell International by 23.2% in the second quarter. Farther Finance Advisors LLC now owns 12,968 shares of the conglomerate's stock worth $3,020,000 after acquiring an additional 2,442 shares during the last quarter. Finally, Silver Oak Securities Incorporated acquired a new stake in shares of Honeywell International during the 2nd quarter worth approximately $183,000. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Honeywell International Price Performance

Shares of HON stock traded down $0.83 during trading on Friday, hitting $209.37. The company had a trading volume of 11,004,750 shares, compared to its average volume of 3,854,997. 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's 50-day moving average is $220.67 and its two-hundred day moving average is $217.49. The stock has a market capitalization of $132.93 billion, a price-to-earnings ratio of 23.82, a price-to-earnings-growth ratio of 2.36 and a beta of 1.05. Honeywell International Inc. has a 52 week low of $179.36 and a 52 week high of $242.77.

Honeywell International (NASDAQ:HON - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The conglomerate reported $2.75 EPS for the quarter, beating analysts' consensus estimates of $2.66 by $0.09. Honeywell International had a net margin of 14.30% and a return on equity of 37.37%. The business had revenue of $10.35 billion for the quarter, compared to analysts' expectations of $10.01 billion. During the same period last year, the business earned $2.49 earnings per share. 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. As a group, analysts predict that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Announces Dividend

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

Insider Activity

In other news, CEO Lucian Boldea sold 42,149 shares of the firm's 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 approximately $2,289,807.72. This trade represents a 80.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.41% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Barclays boosted their price objective 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. Wells Fargo & Company decreased their price objective 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 reduced their price objective on shares of Honeywell International from $254.00 to $253.00 and set a "sector perform" rating on the stock in a research note on Friday, July 25th. Citigroup increased their price objective on shares of Honeywell International from $242.00 to $265.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Finally, Morgan Stanley increased their target price on shares of Honeywell International from $225.00 to $245.00 and gave the stock an "equal weight" rating in a report on Monday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and eight have given a Hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price 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.