Avantra Family Wealth Inc. Cuts Holdings in Honeywell International Inc. $HON

Key Points

• Avantra Family Wealth Inc. reduced its holdings in Honeywell International Inc. by 49.1%, now owning 1,425 shares valued at approximately $332,000.
• Honeywell reported Q2 earnings of $2.75 per share, surpassing estimates, with revenue up by 8.1% year-over-year at $10.35 billion.
• The company will increase its quarterly dividend from $1.13 to $1.19, representing a yield of 2.3% for shareholders of record by November 14th.

Avantra Family Wealth Inc. lessened its stake in Honeywell International Inc. (NASDAQ:HON - Free Report) by 49.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,425 shares of the conglomerate's stock after selling 1,373 shares during the period. Avantra Family Wealth Inc.'s holdings in Honeywell International were worth $332,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Red Door Wealth Management LLC grew its stake in Honeywell International by 2.6% in the 1st quarter. Red Door Wealth Management LLC now owns 29,090 shares of the conglomerate's stock worth $6,160,000 after buying an additional 736 shares in the last quarter. Amundi grew its stake in Honeywell International by 30.2% in the 1st quarter. Amundi now owns 519,882 shares of the conglomerate's stock worth $107,450,000 after buying an additional 120,706 shares in the last quarter. Spinnaker Trust grew its stake in Honeywell International by 2.4% in the 1st quarter. Spinnaker Trust now owns 11,598 shares of the conglomerate's stock worth $2,456,000 after buying an additional 276 shares in the last quarter. Integrated Wealth Concepts LLC grew its stake in Honeywell International by 11.4% in the 1st quarter. Integrated Wealth Concepts LLC now owns 28,502 shares of the conglomerate's stock worth $6,035,000 after buying an additional 2,915 shares in the last quarter. Finally, WIM INVESTMENT MANAGEMENT Ltd grew its stake in Honeywell International by 40.5% in the 1st quarter. WIM INVESTMENT MANAGEMENT Ltd now owns 28,800 shares of the conglomerate's stock worth $6,098,000 after buying an additional 8,300 shares in the last quarter. Hedge funds and other institutional investors own 75.91% of the company's stock.

Honeywell International Trading Down 0.0%

Shares of HON opened at $209.00 on Tuesday. The stock has a market capitalization of $132.69 billion, a P/E ratio of 23.78, a PEG ratio of 2.34 and a beta of 1.06. 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 firm has a fifty day simple moving average of $215.31 and a two-hundred day simple moving average of $217.44. Honeywell International Inc. has a twelve month low of $179.36 and a twelve month high of $242.77.

Honeywell International (NASDAQ:HON - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The conglomerate reported $2.75 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts' expectations of $10.01 billion. During the same quarter in the prior year, the company posted $2.49 EPS. The firm's revenue for the quarter was up 8.1% compared to the same quarter last year. 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, research analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Friday, November 14th will be issued a $1.19 dividend. This is a boost from Honeywell International's previous quarterly dividend of $1.13. The ex-dividend date is Friday, November 14th. This represents a $4.76 annualized dividend and a yield of 2.3%. Honeywell International's dividend payout ratio (DPR) is currently 51.42%.

Analysts Set New Price Targets

A number of research firms have commented on HON. Wells Fargo & Company cut their price target on shares of Honeywell International from $230.00 to $220.00 and set an "equal weight" rating for the company in a research note on Monday. 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 note on Friday, July 25th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Honeywell International from $268.00 to $271.00 and gave the company a "buy" rating in a research note on Thursday, October 2nd. Barclays upped their price objective 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. Finally, Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Honeywell International in a research note on Saturday, September 27th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and eight have assigned a Hold rating to the company's stock. According to data from MarketBeat, Honeywell International has an average rating of "Moderate Buy" and an average target price of $254.07.

Insider Buying and Selling

In other Honeywell International 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 directly owned 10,334 shares in the company, valued at approximately $2,289,807.72. This represents a 80.31% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.41% of the company's stock.

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.

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