Baxter Bros Inc. Grows Stock Position in Honeywell International Inc. $HON

Baxter Bros Inc. lifted its stake in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 14.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,733 shares of the conglomerate's stock after purchasing an additional 4,543 shares during the quarter. Honeywell International comprises approximately 1.0% of Baxter Bros Inc.'s portfolio, making the stock its 28th biggest position. Baxter Bros Inc.'s holdings in Honeywell International were worth $8,321,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of HON. Brighton Jones LLC raised its stake in shares of Honeywell International by 9.1% during 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 during the last quarter. Farther Finance Advisors LLC raised its position in Honeywell International by 13.0% in the first quarter. Farther Finance Advisors LLC now owns 10,526 shares of the conglomerate's stock worth $2,247,000 after acquiring an additional 1,212 shares in the last quarter. Wealthcare Advisory Partners LLC raised its position in Honeywell International by 7.0% in the first quarter. Wealthcare Advisory Partners LLC now owns 9,375 shares of the conglomerate's stock worth $1,985,000 after acquiring an additional 616 shares in the last quarter. Simplicity Wealth LLC raised its position in Honeywell International by 134.6% in the first quarter. Simplicity Wealth LLC now owns 7,734 shares of the conglomerate's stock worth $1,638,000 after acquiring an additional 4,437 shares in the last quarter. Finally, Fiduciary Financial Group LLC raised its position in Honeywell International by 13.4% in the first quarter. Fiduciary Financial Group LLC now owns 1,419 shares of the conglomerate's stock worth $274,000 after acquiring an additional 168 shares in the last quarter. Hedge funds and other institutional investors own 75.91% of the company's stock.

Honeywell International Stock Up 0.4%

HON opened at $209.85 on Thursday. 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 market cap of $133.23 billion, a P/E ratio of 23.87, a PEG ratio of 2.34 and a beta of 1.06. Honeywell International Inc. has a 52 week low of $179.36 and a 52 week high of $242.77. The business's fifty day simple moving average is $214.81 and its 200 day simple moving average is $217.33.

Honeywell International (NASDAQ:HON - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The conglomerate reported $2.75 EPS for the quarter, beating analysts' consensus estimates of $2.66 by $0.09. The business had revenue of $10.35 billion for 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 business's revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter 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. As a group, equities research analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Friday, November 14th will be paid a $1.19 dividend. This represents a $4.76 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Friday, November 14th. This is a positive change from Honeywell International's previous quarterly dividend of $1.13. Honeywell International's dividend payout ratio is 54.15%.

Insider Transactions at Honeywell International

In other Honeywell International news, CEO Lucian Boldea sold 42,149 shares of the firm's stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $221.58, for a total value of $9,339,375.42. Following the sale, the chief executive officer directly owned 10,334 shares of the company's stock, valued at approximately $2,289,807.72. This trade represents a 80.31% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.20% of the company's stock.

Analysts Set New Price Targets

Several research firms have issued reports on HON. TD Cowen cut their price objective on Honeywell International from $260.00 to $250.00 in a research report on Tuesday. Deutsche Bank Aktiengesellschaft increased their price objective on Honeywell International from $268.00 to $271.00 and gave the stock a "buy" rating in a research report on Thursday, October 2nd. Morgan Stanley increased their price objective on Honeywell International from $225.00 to $245.00 and gave the stock an "equal weight" rating in a research report on Monday, July 28th. Weiss Ratings reissued a "buy (b-)" rating on shares of Honeywell International in a report on Wednesday. Finally, Barclays upped their target price on Honeywell International from $258.00 to $265.00 and gave the company an "overweight" rating in a report on Wednesday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $251.80.

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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