Boston Family Office LLC Lowers Stock Holdings in Honeywell International Inc. $HON

Key Points

• Boston Family Office LLC reduced its stake in Honeywell International by 40.3%, now holding 3,585 shares valued at approximately $759,000.
• Honeywell reported $2.75 EPS for the last quarter, surpassing the consensus estimate of $2.66, with revenue of $10.35 billion.
• The company announced a quarterly dividend of $1.13, representing an annualized rate of $4.52 and a dividend yield of 2.1%.

Boston Family Office LLC lowered its stake in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 40.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,585 shares of the conglomerate's stock after selling 2,422 shares during the period. Boston Family Office LLC's holdings in Honeywell International were worth $759,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Tocqueville Asset Management L.P. lifted its stake in shares of Honeywell International by 21.5% in the 1st quarter. Tocqueville Asset Management L.P. now owns 251,933 shares of the conglomerate's stock valued at $53,347,000 after purchasing an additional 44,624 shares during the last quarter. Gen Wealth Partners Inc raised its stake in shares of Honeywell International by 10.0% in the 1st quarter. Gen Wealth Partners Inc now owns 5,973 shares of the conglomerate's stock valued at $1,265,000 after acquiring an additional 542 shares during the period. American Century Companies Inc. lifted its holdings in shares of Honeywell International by 2.9% in the 1st quarter. American Century Companies Inc. now owns 301,211 shares of the conglomerate's stock worth $63,782,000 after acquiring an additional 8,493 shares during the last quarter. Ethic Inc. boosted its position in shares of Honeywell International by 33.9% during the 1st quarter. Ethic Inc. now owns 20,335 shares of the conglomerate's stock worth $4,341,000 after purchasing an additional 5,143 shares during the period. Finally, EverSource Wealth Advisors LLC increased its holdings in Honeywell International by 8.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 3,320 shares of the conglomerate's stock valued at $703,000 after purchasing an additional 259 shares during the last quarter. Hedge funds and other institutional investors own 75.91% of the company's stock.

Analyst Ratings Changes

HON has been the subject of several research analyst reports. Mizuho raised their price target on Honeywell International from $235.00 to $250.00 and gave the stock an "outperform" rating in a research report on Friday, May 16th. Royal Bank Of Canada lowered their target price 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. Bank of America upgraded shares of Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 price target on the stock in a research note on Wednesday, May 7th. Morgan Stanley increased their price target on shares of Honeywell International from $225.00 to $245.00 and gave the stock an "equal weight" rating in a research report on Monday, July 28th. Finally, Wells Fargo & Company lowered their price objective on shares of Honeywell International from $240.00 to $230.00 and set an "equal weight" rating for the company in a research note on Friday, July 25th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, Honeywell International presently has an average rating of "Moderate Buy" and a consensus price target of $254.00.

Honeywell International Stock Up 0.1%

NASDAQ HON traded up $0.26 on Wednesday, hitting $217.00. 4,060,412 shares of the stock were exchanged, compared to its average volume of 4,068,011. Honeywell International Inc. has a fifty-two week low of $179.36 and a fifty-two week high of $242.77. The company has a 50-day moving average price of $227.31 and a 200-day moving average price of $216.62. 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 company has a market cap of $137.77 billion, a PE ratio of 24.69, a PEG ratio of 2.44 and a beta of 1.08.

Honeywell International (NASDAQ:HON - Get Free Report) last issued its 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. The firm had revenue of $10.35 billion during the quarter, compared to the consensus estimate of $10.01 billion. Honeywell International had a net margin of 14.30% and a return on equity of 37.37%. The company's revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the firm 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. Sell-side analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 5th. Investors of record on Friday, August 15th will be paid a dividend of $1.13 per share. The ex-dividend date is Friday, August 15th. This represents a $4.52 annualized dividend and a yield of 2.1%. Honeywell International's payout ratio is presently 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.