Belpointe Asset Management LLC Raises Stake in Honeywell International Inc. $HON

Key Points

• Belpointe Asset Management LLC increased its stake in Honeywell International Inc. by 56.0%, owning 11,278 shares valued at $2,627,000 after purchasing an additional 4,048 shares in the second quarter.
• Honeywell International declared a quarterly dividend of $1.19, an increase from the previous dividend of $1.13, reflecting a 2.3% yield.
• Several analysts have revised their price targets for Honeywell, with Barclays raising it to $265.00, while Wells Fargo reduced it to $220.00, indicating mixed market sentiment.

Belpointe Asset Management LLC increased its position in Honeywell International Inc. (NASDAQ:HON - Free Report) by 56.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,278 shares of the conglomerate's stock after buying an additional 4,048 shares during the period. Belpointe Asset Management LLC's holdings in Honeywell International were worth $2,627,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of HON. Brighton Jones LLC lifted its stake in shares of Honeywell International by 9.1% during the 4th 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 period. Sivia Capital Partners LLC lifted its position in Honeywell International by 4.6% during the first quarter. Sivia Capital Partners LLC now owns 1,521 shares of the conglomerate's stock worth $322,000 after buying an additional 67 shares during the period. Patriot Financial Group Insurance Agency LLC boosted its stake in Honeywell International by 13.5% in the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 3,287 shares of the conglomerate's stock worth $696,000 after buying an additional 390 shares during the last quarter. Courier Capital LLC grew its holdings in Honeywell International by 15.6% in the 1st quarter. Courier Capital LLC now owns 7,922 shares of the conglomerate's stock valued at $1,677,000 after buying an additional 1,072 shares during the period. Finally, Toth Financial Advisory Corp increased its stake in shares of Honeywell International by 3.1% during the 1st quarter. Toth Financial Advisory Corp now owns 18,960 shares of the conglomerate's stock valued at $4,015,000 after acquiring an additional 565 shares during the last quarter. Institutional investors and hedge funds own 75.91% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on HON shares. Barclays raised their target price on shares of Honeywell International from $258.00 to $265.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 9th. Wells Fargo & Company cut their price target on shares of Honeywell International from $230.00 to $220.00 and set an "equal weight" rating on the stock in a research note on Monday. Royal Bank Of Canada decreased their price target on shares of Honeywell International from $254.00 to $253.00 and set a "sector perform" rating on the stock in a report on Friday, July 25th. Weiss Ratings restated a "buy (b-)" rating on shares of Honeywell International in a report on Saturday, September 27th. Finally, Morgan Stanley lifted their target price on Honeywell International from $225.00 to $245.00 and gave the company an "equal weight" rating in a report on Monday, July 28th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and eight have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $254.07.

Insider Transactions at Honeywell International

In other news, CEO Lucian Boldea sold 42,149 shares of Honeywell International stock in a transaction that occurred on 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 in the company, valued at $2,289,807.72. This trade represents a 80.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.41% of the stock is owned by company insiders.

Honeywell International Stock Down 0.0%

Shares of Honeywell International stock opened at $209.00 on Tuesday. The company has a fifty day moving average price of $215.31 and a 200 day moving average price of $217.44. The company has a current ratio of 1.29, a quick ratio of 0.97 and a debt-to-equity ratio of 1.81. Honeywell International Inc. has a twelve month low of $179.36 and a twelve month high of $242.77. The stock has a market cap of $132.69 billion, a price-to-earnings ratio of 23.78, a price-to-earnings-growth ratio of 2.34 and a beta of 1.06.

Honeywell International (NASDAQ:HON - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The conglomerate reported $2.75 EPS for the quarter, beating the consensus estimate of $2.66 by $0.09. The company 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 firm's revenue was up 8.1% compared to the same quarter last year. During the same period last year, the company posted $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. Equities research analysts forecast that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Increases Dividend

The business also recently declared 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. The ex-dividend date is Friday, November 14th. This represents a $4.76 dividend on an annualized basis and a yield of 2.3%. This is a boost from Honeywell International's previous quarterly dividend of $1.13. Honeywell International's dividend payout ratio (DPR) 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.

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