Ascent Group LLC Decreases Position in Honeywell International Inc. $HON

Key Points

• Ascent Group LLC reduced its stake in Honeywell International Inc. by 57.3% during the first quarter, selling 12,121 shares and holding 9,046 shares valued at approximately $1.9 million by the end of that period.
• Analysts have raised price targets for Honeywell, with Citigroup increasing theirs from $242 to $265 while maintaining a "buy" rating, reflecting positive sentiment towards the stock.
• Honeywell International announced a quarterly dividend of $1.13 per share, set to be paid on September 5th, representing an annualized yield of 2.0% and a dividend payout ratio of 51.42%.

Ascent Group LLC trimmed its stake in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 57.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,046 shares of the conglomerate's stock after selling 12,121 shares during the quarter. Ascent Group LLC's holdings in Honeywell International were worth $1,915,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Nuveen LLC purchased a new stake in Honeywell International in the 1st quarter worth approximately $1,150,929,000. GAMMA Investing LLC raised its stake in Honeywell International by 20,894.0% during the first quarter. GAMMA Investing LLC now owns 1,326,614 shares of the conglomerate's stock valued at $2,809,110,000 after buying an additional 1,320,295 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of Honeywell International by 8.9% in the 1st quarter. Wellington Management Group LLP now owns 15,751,951 shares of the conglomerate's stock worth $3,335,476,000 after purchasing an additional 1,293,137 shares in the last quarter. Alliancebernstein L.P. increased its holdings in shares of Honeywell International by 64.6% in the 1st quarter. Alliancebernstein L.P. now owns 2,652,344 shares of the conglomerate's stock worth $561,634,000 after purchasing an additional 1,041,273 shares in the last quarter. Finally, Vista Cima Wealth Management LLC bought a new stake in shares of Honeywell International in the 1st quarter worth $164,000. 75.91% of the stock is currently owned by institutional investors.

Honeywell International Price Performance

Shares of NASDAQ:HON traded down $1.31 during mid-day trading on Wednesday, reaching $221.25. The stock had a trading volume of 2,110,972 shares, compared to its average volume of 3,269,740. The company has a current ratio of 1.29, a quick ratio of 0.97 and a debt-to-equity ratio of 1.81. The company has a market cap of $140.47 billion, a P/E ratio of 25.17, a price-to-earnings-growth ratio of 2.51 and a beta of 1.08. Honeywell International Inc. has a 1 year low of $179.36 and a 1 year high of $242.77. The business's 50 day moving average price is $226.88 and its 200 day moving average price is $216.74.

Honeywell International (NASDAQ:HON - Get Free Report) last posted its earnings results on Thursday, July 24th. The conglomerate reported $2.75 EPS for the quarter, topping analysts' consensus estimates of $2.66 by $0.09. The company had revenue of $10.35 billion for the quarter, compared to the consensus estimate of $10.01 billion. Honeywell International had a return on equity of 37.37% and a net margin of 14.30%.The firm's revenue for the quarter was up 8.1% on a year-over-year basis. During the same period in the previous year, the business earned $2.49 earnings per share. Honeywell International has set its FY 2025 guidance at 10.450-10.650 EPS. Q3 2025 guidance at 2.500-2.600 EPS. Research analysts expect 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 will be paid on Friday, September 5th. Investors of record on Friday, August 15th will be given a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Friday, August 15th. Honeywell International's payout ratio is currently 51.42%.

Analyst Ratings Changes

Several brokerages have issued reports on HON. JPMorgan Chase & Co. raised their target price on Honeywell International from $182.00 to $217.00 and gave the stock a "neutral" rating in a research report on Friday, May 16th. Wells Fargo & Company cut their price target 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. Morgan Stanley boosted their price target on Honeywell International from $225.00 to $245.00 and gave the company an "equal weight" rating in a report on Monday, July 28th. Citigroup boosted their price target on Honeywell International from $242.00 to $265.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. Finally, Bank of America raised Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 price target for the company in a report on Wednesday, May 7th. 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. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $254.00.

Honeywell International Company 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.