Bahl & Gaynor Inc. Sells 9,432 Shares of Honeywell International Inc. $HON

Key Points

• Bahl & Gaynor Inc. reduced its position in Honeywell International by 6.3%, now holding 139,185 shares worth approximately $29.47 million.
• Honeywell reported a quarterly EPS of $2.75, exceeding analysts' estimates of $2.66, with revenues of $10.35 billion.
• The company announced a quarterly dividend of $1.13 per share, reflecting an annualized yield of 2.0%, to be paid on September 5th.

Bahl & Gaynor Inc. reduced its position in Honeywell International Inc. (NASDAQ:HON - Free Report) by 6.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 139,185 shares of the conglomerate's stock after selling 9,432 shares during the quarter. Bahl & Gaynor Inc.'s holdings in Honeywell International were worth $29,472,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HON. Mpwm Advisory Solutions LLC bought a new position in Honeywell International in the fourth quarter worth $29,000. Pandora Wealth Inc. bought a new position in Honeywell International in the first quarter worth $33,000. Accredited Wealth Management LLC bought a new position in Honeywell International in the fourth quarter worth $34,000. Banque de Luxembourg S.A. bought a new position in Honeywell International in the fourth quarter worth $38,000. Finally, Stone House Investment Management LLC bought a new position in Honeywell International in the first quarter worth $41,000. 75.91% of the stock is owned by institutional investors.

Honeywell International Stock Performance

Honeywell International stock opened at $222.83 on Friday. The stock has a 50-day simple moving average of $226.94 and a 200 day simple moving average of $216.59. 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 Inc. has a 12-month low of $179.36 and a 12-month high of $242.77. The stock has a market capitalization of $141.47 billion, a price-to-earnings ratio of 25.35, a P/E/G ratio of 2.46 and a beta of 1.08.

Honeywell International (NASDAQ:HON - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The conglomerate reported $2.75 EPS for the quarter, topping analysts' consensus estimates of $2.66 by $0.09. The firm had revenue of $10.35 billion during the quarter, compared to analyst estimates of $10.01 billion. Honeywell International had a return on equity of 37.37% and a net margin of 14.30%.The company's revenue was up 8.1% on a year-over-year basis. During the same period last year, the company 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. On average, research analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The company also recently disclosed 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 yield of 2.0%. The ex-dividend date is Friday, August 15th. Honeywell International's dividend payout ratio (DPR) is presently 51.42%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on HON. Barclays lifted their price objective on Honeywell International from $258.00 to $265.00 and gave the company an "overweight" rating in a report on Wednesday, July 9th. Mizuho lifted their price objective on Honeywell International from $235.00 to $250.00 and gave the company an "outperform" rating in a report on Friday, May 16th. Royal Bank Of Canada cut their price objective on Honeywell International from $254.00 to $253.00 and set a "sector perform" rating for the company in a report on Friday, July 25th. Wall Street Zen raised Honeywell International from a "hold" rating to a "buy" rating in a report on Thursday, May 15th. Finally, Bank of America raised Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 price objective for the company in a report on Wednesday, May 7th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, Honeywell International currently has a consensus rating of "Moderate Buy" and a consensus 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.

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