Capital Advisors Inc. OK Buys 29,706 Shares of Honeywell International Inc. $HON

Key Points

• Capital Advisors Inc. OK increased its stake in Honeywell International by 11.2%, acquiring an additional 29,706 shares, bringing their total holdings to 294,452 shares valued at approximately $68.57 million.
• Honeywell International reported a quarterly earnings per share (EPS) of $2.75, surpassing analyst expectations of $2.66, with a revenue of $10.35 billion for the quarter.
• The company announced a quarterly dividend increase to $1.19 per share, representing a 2.3% yield, payable to investors of record on November 14th.

Capital Advisors Inc. OK lifted its stake in Honeywell International Inc. (NASDAQ:HON - Free Report) by 11.2% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 294,452 shares of the conglomerate's stock after purchasing an additional 29,706 shares during the quarter. Honeywell International comprises approximately 1.2% of Capital Advisors Inc. OK's holdings, making the stock its 20th largest position. Capital Advisors Inc. OK's holdings in Honeywell International were worth $68,572,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Chung Wu Investment Group LLC purchased a new position in Honeywell International in the 2nd quarter worth approximately $26,000. Pandora Wealth Inc. purchased a new position in Honeywell International in the 1st quarter worth approximately $33,000. 1248 Management LLC purchased a new position in Honeywell International in the 1st quarter worth approximately $38,000. Dogwood Wealth Management LLC raised its holdings in Honeywell International by 143.9% in the 2nd quarter. Dogwood Wealth Management LLC now owns 161 shares of the conglomerate's stock worth $39,000 after acquiring an additional 95 shares during the last quarter. Finally, Stone House Investment Management LLC purchased a new position in Honeywell International in the 1st quarter worth approximately $41,000. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Honeywell International from $268.00 to $271.00 and gave the stock a "buy" rating in a report on Thursday. Morgan Stanley boosted their target price on shares of Honeywell International from $225.00 to $245.00 and gave the company an "equal weight" rating in a research note on Monday, July 28th. Wells Fargo & Company decreased their target price 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. Royal Bank Of Canada decreased their target price on shares of Honeywell International from $254.00 to $253.00 and set a "sector perform" rating for the company in a research note on Friday, July 25th. Finally, Weiss Ratings reiterated a "buy (b-)" rating on shares of Honeywell International in a research note on Saturday, September 27th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and eight have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Honeywell International presently has a consensus rating of "Moderate Buy" and an average price target of $254.79.

Honeywell International Trading Down 0.9%

NASDAQ:HON opened at $209.05 on Monday. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.29 and a quick ratio of 0.97. The firm has a market capitalization of $132.73 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 Inc. has a one year low of $179.36 and a one year high of $242.77. The business has a fifty day moving average price of $215.63 and a 200-day moving average price of $217.45.

Honeywell International (NASDAQ:HON - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The conglomerate reported $2.75 EPS for the quarter, topping the consensus estimate of $2.66 by $0.09. The firm had revenue of $10.35 billion during 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%.Honeywell International's revenue was up 8.1% on a year-over-year basis. During the same period in the prior year, the business posted $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. Sell-side analysts forecast that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Friday, November 14th will be issued a $1.19 dividend. The ex-dividend date of this dividend is Friday, November 14th. This represents a $4.76 annualized dividend and a yield of 2.3%. This is an increase from Honeywell International's previous quarterly dividend of $1.13. Honeywell International's payout ratio is currently 54.15%.

Insiders Place Their Bets

In related news, CEO Lucian Boldea sold 42,149 shares of the company's stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $221.58, for a total value of $9,339,375.42. Following the completion of the transaction, the chief executive officer 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 sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.20% of the company's stock.

About Honeywell International

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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