Broadway Wealth Solutions Inc. Trims Stock Holdings in Honeywell International Inc. $HON

Key Points

• Broadway Wealth Solutions Inc. significantly reduced its holdings in Honeywell International by 48.2%, owning 1,421 shares worth approximately $331,000 after the sale.
• Honeywell International reported earnings of $2.75 per share, exceeding expectations, and achieved revenues of $10.35 billion for the quarter, a year-over-year increase of 8.1%.
• The company announced an increase in its quarterly dividend to $1.19 per share, representing an annualized dividend yield of 2.3%, with a payout ratio of 51.42%.

Broadway Wealth Solutions Inc. trimmed its holdings in Honeywell International Inc. (NASDAQ:HON - Free Report) by 48.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,421 shares of the conglomerate's stock after selling 1,320 shares during the quarter. Broadway Wealth Solutions Inc.'s holdings in Honeywell International were worth $331,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in shares of Honeywell International by 0.7% in the first quarter. Vanguard Group Inc. now owns 62,209,455 shares of the conglomerate's stock worth $13,172,852,000 after buying an additional 447,744 shares during the period. Wellington Management Group LLP raised its holdings in shares of Honeywell International by 8.9% in the first quarter. Wellington Management Group LLP now owns 15,751,951 shares of the conglomerate's stock worth $3,335,476,000 after buying an additional 1,293,137 shares during the period. Goldman Sachs Group Inc. raised its holdings in shares of Honeywell International by 9.1% in the first quarter. Goldman Sachs Group Inc. now owns 6,038,080 shares of the conglomerate's stock worth $1,278,563,000 after buying an additional 505,083 shares during the period. Invesco Ltd. raised its holdings in shares of Honeywell International by 5.4% in the first quarter. Invesco Ltd. now owns 5,568,610 shares of the conglomerate's stock worth $1,179,153,000 after buying an additional 283,193 shares during the period. Finally, Nuveen LLC purchased a new stake in shares of Honeywell International in the first quarter worth approximately $1,150,929,000. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Honeywell International Stock Up 0.6%

Shares of NASDAQ HON opened at $210.53 on Wednesday. The company has a current ratio of 1.29, a quick ratio of 0.97 and a debt-to-equity ratio of 1.81. The stock has a market capitalization of $133.67 billion, a PE ratio of 23.95, a price-to-earnings-growth ratio of 2.36 and a beta of 1.05. The stock's fifty day simple moving average is $216.79 and its two-hundred day simple moving average is $217.39. Honeywell International Inc. has a 12-month low of $179.36 and a 12-month high of $242.77.

Honeywell International (NASDAQ:HON - Get Free Report) last announced its earnings results on Thursday, July 24th. The conglomerate reported $2.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.66 by $0.09. The business had revenue of $10.35 billion for the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same quarter last year, the firm earned $2.49 EPS. 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, analysts expect that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Friday, November 14th will be given a $1.19 dividend. This represents a $4.76 dividend on an annualized basis and a dividend 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 payout ratio is 51.42%.

Analyst Ratings Changes

HON has been the topic of several research reports. Barclays raised their price objective on Honeywell International from $258.00 to $265.00 and gave the stock an "overweight" rating in a report on Wednesday, July 9th. Citigroup raised 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 objective 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. Morgan Stanley raised 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. Finally, Royal Bank Of Canada reduced 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. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and eight have issued a Hold rating to the company's stock. Based on data from MarketBeat, Honeywell International presently has an average rating of "Moderate Buy" and an average target price of $254.00.

Insider Buying and Selling at Honeywell International

In other news, CEO Lucian Boldea sold 42,149 shares of the firm's stock in a transaction 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 completion of the sale, the chief executive officer owned 10,334 shares of the company's stock, valued at $2,289,807.72. This trade represents a 80.31% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.41% of the stock is owned by insiders.

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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