Campbell Newman Asset Management Inc. Sells 3,138 Shares of Honeywell International Inc. $HON

Key Points

• Campbell Newman Asset Management Inc. reduced its stake in Honeywell International by 3.8%, selling 3,138 shares during the second quarter, now holding 80,418 shares valued at approximately $18.7 million.
• CEO Lucian Boldea sold 42,149 shares of Honeywell, decreasing his ownership by 80.31%, with the transaction totaling over $9.3 million.
• Honeywell International's quarterly earnings beat analyst expectations, reporting $2.75 EPS on $10.35 billion in revenue, alongside an increased quarterly dividend of $1.19 per share.

Campbell Newman Asset Management Inc. lowered its stake in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 3.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 80,418 shares of the conglomerate's stock after selling 3,138 shares during the quarter. Honeywell International makes up approximately 1.5% of Campbell Newman Asset Management Inc.'s holdings, making the stock its 25th biggest holding. Campbell Newman Asset Management Inc.'s holdings in Honeywell International were worth $18,728,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Brighton Jones LLC raised its holdings in shares of Honeywell International by 9.1% in the fourth quarter. Brighton Jones LLC now owns 19,047 shares of the conglomerate's stock valued at $4,302,000 after purchasing an additional 1,582 shares during the last quarter. Mirador Capital Partners LP acquired a new stake in Honeywell International during the first quarter worth about $289,000. American National Bank & Trust lifted its position in shares of Honeywell International by 16.9% during the 1st quarter. American National Bank & Trust now owns 879 shares of the conglomerate's stock worth $186,000 after buying an additional 127 shares during the last quarter. NBC Securities Inc. increased its holdings in shares of Honeywell International by 115,333.3% during the first quarter. NBC Securities Inc. now owns 3,463 shares of the conglomerate's stock worth $733,000 after buying an additional 3,460 shares in the last quarter. Finally, Shulman DeMeo Asset Management LLC increased its position in Honeywell International by 17.1% in the 1st quarter. Shulman DeMeo Asset Management LLC now owns 1,996 shares of the conglomerate's stock valued at $423,000 after acquiring an additional 291 shares during the period. Institutional investors and hedge funds own 75.91% of the company's stock.

Insiders Place Their Bets

In other Honeywell International news, CEO Lucian Boldea sold 42,149 shares of Honeywell International stock in a transaction dated 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 completion of the sale, the chief executive officer directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.20% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have commented on HON shares. Morgan Stanley raised their price target on shares of Honeywell International from $225.00 to $245.00 and gave the stock an "equal weight" rating in a report on Monday, July 28th. Royal Bank Of Canada lowered 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 research report on Friday, July 25th. Barclays increased their price objective on 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 reduced their price objective on Honeywell International from $240.00 to $230.00 and set an "equal weight" rating on the stock in a research report on Friday, July 25th. Finally, Citigroup boosted their price objective on shares of Honeywell International from $242.00 to $265.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and eight have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $254.00.

Honeywell International Price Performance

HON stock opened at $209.28 on Tuesday. 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 cap of $132.87 billion, a PE ratio of 23.81, a P/E/G ratio of 2.35 and a beta of 1.05. The company has a 50-day moving average price of $217.31 and a 200 day moving average price of $217.44. 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 released its quarterly earnings results on Thursday, July 24th. The conglomerate reported $2.75 EPS for the quarter, beating the consensus estimate of $2.66 by $0.09. The business had revenue of $10.35 billion during the quarter, compared to analyst estimates of $10.01 billion. Honeywell International had a net margin of 14.30% and a return on equity of 37.37%. The company's quarterly revenue was up 8.1% on a year-over-year basis. During the same period in the prior 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. Equities research analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Friday, November 14th will be issued a dividend of $1.19 per share. The ex-dividend date is Friday, November 14th. This represents a $4.76 annualized dividend and a dividend yield of 2.3%. This is a boost from Honeywell International's previous quarterly dividend of $1.13. 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.

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