Belpointe Asset Management LLC Sells 2,982 Shares of Honeywell International Inc. $HON

Key Points

• Belpointe Asset Management LLC has reduced its holdings in Honeywell International Inc. by 29.2% during the first quarter, now owning 7,230 shares valued at approximately $1.53 million.
• CEO Lucian Boldea sold 42,149 shares of Honeywell stock for over $9.3 million, reducing his ownership by 80.31%.
• Several analysts have raised their price targets for Honeywell, with Barclays setting a new target at $265.00, reflecting a positive outlook for the company amid a consensus rating of "Moderate Buy".

Belpointe Asset Management LLC lowered its position in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 29.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,230 shares of the conglomerate's stock after selling 2,982 shares during the period. Belpointe Asset Management LLC's holdings in Honeywell International were worth $1,531,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Mpwm Advisory Solutions LLC purchased a new position in shares of Honeywell International in the fourth quarter worth about $29,000. Pandora Wealth Inc. purchased a new position in shares of Honeywell International in the first quarter worth about $33,000. 1248 Management LLC purchased a new position in shares of Honeywell International in the first quarter worth about $38,000. Quarry LP purchased a new position in shares of Honeywell International in the first quarter worth about $41,000. Finally, Stone House Investment Management LLC purchased a new position in shares of Honeywell International in the first quarter worth about $41,000. Institutional investors own 75.91% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Royal Bank Of Canada decreased their price objective on Honeywell International from $254.00 to $253.00 and set a "sector perform" rating on the stock in a report on Friday, July 25th. Morgan Stanley lifted their price objective on Honeywell International from $225.00 to $245.00 and gave the stock an "equal weight" rating in a report on Monday, July 28th. Citigroup lifted their price objective on Honeywell International from $242.00 to $265.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Wells Fargo & Company reduced their price target on Honeywell International from $240.00 to $230.00 and set an "equal weight" rating on the stock in a report on Friday, July 25th. Finally, Barclays upped their target price on Honeywell International from $258.00 to $265.00 and gave the stock an "overweight" rating in a report on Wednesday, July 9th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $254.00.

Insider Transactions at Honeywell International

In related news, CEO Lucian Boldea sold 42,149 shares of the company's stock in a transaction that occurred on 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 transaction, the chief executive officer directly owned 10,334 shares of the company's stock, valued at approximately $2,289,807.72. This represents a 80.31% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.41% of the company's stock.

Honeywell International Stock Down 1.8%

Shares of HON traded down $3.85 during mid-day trading on Friday, reaching $211.46. The company had a trading volume of 3,168,914 shares, compared to its average volume of 3,280,895. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.97 and a current ratio of 1.29. The firm has a 50-day moving average price of $223.41 and a 200 day moving average price of $217.46. Honeywell International Inc. has a 52 week low of $179.36 and a 52 week high of $242.77. The company has a market capitalization of $134.26 billion, a price-to-earnings ratio of 24.06, a price-to-earnings-growth ratio of 2.39 and a beta of 1.05.

Honeywell International (NASDAQ:HON - Get Free Report) last issued its quarterly 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. Honeywell International had a return on equity of 37.37% and a net margin of 14.30%.The firm had revenue of $10.35 billion for the quarter, compared to analysts' expectations of $10.01 billion. During the same period in the previous year, the firm posted $2.49 EPS. The business'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, sell-side analysts forecast that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 5th. Stockholders of record on Friday, August 15th were given a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend was Friday, August 15th. Honeywell International's payout ratio is currently 51.42%.

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.