ARS Wealth Advisors Group LLC Buys 1,518 Shares of Honeywell International Inc. $HON

Key Points

• ARS Wealth Advisors Group LLC increased its stake in Honeywell International Inc. by 1.9% in the 2nd quarter, owning a total of 80,440 shares valued at approximately $18.7 million.
• CEO Lucian Boldea sold 42,149 shares of Honeywell, reducing his ownership by 80.31%, which raises concerns about insider confidence.
• Analysts have varying ratings for Honeywell, with the stock receiving one Strong Buy, eight Buy, and eight Hold ratings, and a consensus price target of $254.00.

ARS Wealth Advisors Group LLC grew its holdings in Honeywell International Inc. (NASDAQ:HON - Free Report) by 1.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 80,440 shares of the conglomerate's stock after purchasing an additional 1,518 shares during the period. Honeywell International comprises about 2.2% of ARS Wealth Advisors Group LLC's investment portfolio, making the stock its 15th biggest holding. ARS Wealth Advisors Group LLC's holdings in Honeywell International were worth $18,733,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Brighton Jones LLC grew its stake in Honeywell International by 9.1% in the fourth quarter. Brighton Jones LLC now owns 19,047 shares of the conglomerate's stock worth $4,302,000 after purchasing an additional 1,582 shares in the last quarter. Waverly Advisors LLC boosted its stake in Honeywell International by 26.9% in the fourth quarter. Waverly Advisors LLC now owns 18,028 shares of the conglomerate's stock valued at $4,072,000 after acquiring an additional 3,825 shares in the last quarter. Novem Group purchased a new position in Honeywell International during the fourth quarter worth about $270,000. Mosaic Family Wealth Partners LLC purchased a new position in shares of Honeywell International during the 4th quarter worth approximately $203,000. Finally, Pacific Center for Financial Services boosted its holdings in shares of Honeywell International by 68.3% in the 4th quarter. Pacific Center for Financial Services now owns 1,498 shares of the conglomerate's stock valued at $338,000 after purchasing an additional 608 shares during the last quarter. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have commented on HON. Royal Bank Of Canada decreased their target price 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. Citigroup raised their price objective on shares of Honeywell International from $242.00 to $265.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Morgan Stanley boosted their price objective on shares of Honeywell International from $225.00 to $245.00 and gave the stock an "equal weight" rating in a research report on Monday, July 28th. Barclays increased their target price on shares of Honeywell International from $258.00 to $265.00 and gave the company an "overweight" rating in a research report on Wednesday, July 9th. Finally, Wells Fargo & Company reduced their target price on Honeywell International from $240.00 to $230.00 and set an "equal weight" rating for the company in a report on Friday, July 25th. One 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 stock. Based on data from MarketBeat.com, Honeywell International presently has an average rating of "Moderate Buy" and an average target price of $254.00.

Insider Activity

In related news, CEO Lucian Boldea sold 42,149 shares of the business's stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $221.58, for a total transaction of $9,339,375.42. Following the sale, the chief executive officer owned 10,334 shares of the company's stock, valued at $2,289,807.72. The trade was a 80.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.41% of the company's stock.

Honeywell International Stock Performance

Honeywell International stock traded up $0.49 during trading hours on Monday, hitting $209.86. The stock had a trading volume of 1,286,062 shares, compared to its average volume of 4,038,625. The company has a market cap of $133.24 billion, a PE ratio of 23.90, a price-to-earnings-growth ratio of 2.36 and a beta of 1.05. Honeywell International Inc. has a fifty-two week low of $179.36 and a fifty-two week high of $242.77. The company has a 50-day moving average of $220.67 and a two-hundred day moving average of $217.49. The company has a quick ratio of 0.97, a current ratio of 1.29 and a debt-to-equity ratio of 1.81.

Honeywell International (NASDAQ:HON - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The conglomerate reported $2.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.66 by $0.09. Honeywell International had a return on equity of 37.37% and a net margin of 14.30%.The firm had revenue of $10.35 billion for the quarter, compared to the consensus estimate of $10.01 billion. During the same quarter last year, the business posted $2.49 EPS. The company's revenue for the quarter 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. On average, equities research analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Dividend Announcement

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

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.