Corundum Group Inc. Sells 1,713 Shares of Honeywell International Inc. $HON

Key Points

• Corundum Group Inc. sold 1,713 shares of Honeywell International Inc., reducing its holdings by 37.1% to a total of 2,908 shares, valued at approximately $677,000.
• Honeywell's CEO, Lucian Boldea, sold 42,149 shares of the company's stock, a significant 80.31% decrease in his ownership, with a total transaction value of approximately $9.34 million.
• Research firms have mixed outlooks on Honeywell's stock, with target prices ranging from $230.00 to $271.00 and an overall average rating of "Moderate Buy."

Corundum Group Inc. reduced its holdings in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 37.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,908 shares of the conglomerate's stock after selling 1,713 shares during the quarter. Corundum Group Inc.'s holdings in Honeywell International were worth $677,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Pandora Wealth Inc. bought a new stake in Honeywell International during the first quarter worth $33,000. 1248 Management LLC purchased a new stake in Honeywell International in the first quarter worth $38,000. Dogwood Wealth Management LLC increased its position in Honeywell International by 143.9% in the second quarter. Dogwood Wealth Management LLC now owns 161 shares of the conglomerate's stock worth $39,000 after buying an additional 95 shares during the last quarter. Stone House Investment Management LLC purchased a new stake in Honeywell International in the first quarter worth $41,000. Finally, Quarry LP purchased a new stake in Honeywell International in the first quarter worth $41,000. 75.91% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have issued reports on HON. Weiss Ratings reissued a "buy (b-)" rating on shares of Honeywell International in a research report on Saturday, September 27th. Deutsche Bank Aktiengesellschaft raised their target price on Honeywell International from $268.00 to $271.00 and gave the stock a "buy" rating in a research report on Thursday. Royal Bank Of Canada decreased their target price on Honeywell International from $254.00 to $253.00 and set a "sector perform" rating for the company in a research report on Friday, July 25th. Wells Fargo & Company decreased their target price on Honeywell International from $240.00 to $230.00 and set an "equal weight" rating for the company in a research report on Friday, July 25th. Finally, Barclays raised their target price on Honeywell International from $258.00 to $265.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 9th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $254.79.

Insider Transactions at Honeywell International

In related news, CEO Lucian Boldea sold 42,149 shares of Honeywell International stock in a transaction on Wednesday, August 27th. The stock was 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 owned 10,334 shares of the company's stock, valued at approximately $2,289,807.72. This trade represents a 80.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.20% of the company's stock.

Honeywell International Price Performance

Shares of NASDAQ HON opened at $209.05 on Friday. The stock has a market cap of $132.73 billion, a PE ratio of 23.78, a price-to-earnings-growth ratio of 2.38 and a beta of 1.06. 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 debt-to-equity ratio of 1.81, a quick ratio of 0.97 and a current ratio of 1.29. The stock has a fifty day moving average of $215.63 and a 200-day moving average of $217.34.

Honeywell International (NASDAQ:HON - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The conglomerate reported $2.75 earnings per share for the quarter, beating the consensus estimate of $2.66 by $0.09. The company had revenue of $10.35 billion during 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 firm's quarterly revenue was up 8.1% compared to the same quarter last year. During the same period in the previous year, the business earned $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 firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Friday, November 14th will be paid a dividend of $1.19 per share. This is a positive change from Honeywell International's previous quarterly dividend of $1.13. This represents a $4.76 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Friday, November 14th. Honeywell International's dividend payout ratio is 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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