Cove Private Wealth LLC Grows Stock Position in Honeywell International Inc. $HON

Key Points

• Cove Private Wealth LLC increased its stake in Honeywell International Inc. by 53.7%, owning 4,675 shares worth approximately $1,089,000 at the end of the second quarter.
• CEO Lucian Boldea sold 42,149 shares of Honeywell, representing an 80.31% decrease in his position, with the sale totaling approximately $9.34 million.
• Honeywell's latest quarterly earnings exceeded analysts' expectations, with an EPS of $2.75 and revenue growth of 8.1% year-over-year, guiding for 10.340 EPS for the current fiscal year.

Cove Private Wealth LLC lifted its stake in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 53.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,675 shares of the conglomerate's stock after purchasing an additional 1,633 shares during the quarter. Cove Private Wealth LLC's holdings in Honeywell International were worth $1,089,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of HON. Pandora Wealth Inc. purchased a new stake in shares of Honeywell International during the first quarter worth approximately $33,000. 1248 Management LLC purchased a new stake in shares of Honeywell International during the first quarter worth approximately $38,000. Stone House Investment Management LLC purchased a new stake in shares of Honeywell International during the first quarter worth approximately $41,000. Quarry LP acquired a new position in Honeywell International during the first quarter worth $41,000. Finally, Garde Capital Inc. acquired a new position in Honeywell International during the first quarter worth $42,000. Hedge funds and other institutional investors own 75.91% of the company's stock.

Insider Buying and Selling at Honeywell International

In related news, CEO Lucian Boldea sold 42,149 shares of the business's stock in a transaction that occurred 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 transaction, the chief executive officer owned 10,334 shares in the company, valued at $2,289,807.72. The trade was a 80.31% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.20% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on HON. Wells Fargo & Company dropped 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. Citigroup increased their target price on Honeywell International from $242.00 to $265.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Morgan Stanley increased their target price on Honeywell International from $225.00 to $245.00 and gave the stock an "equal weight" rating in a research report on Monday, July 28th. Royal Bank Of Canada reduced their target price on 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. Finally, Barclays increased 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 investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and eight have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $254.00.

Honeywell International Stock Performance

Honeywell International stock opened at $208.19 on Friday. The stock's 50 day moving average price is $217.83 and its 200 day moving average price is $217.29. The firm has a market capitalization of $132.18 billion, a PE ratio of 23.68, a price-to-earnings-growth ratio of 2.35 and a beta of 1.05. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.97 and a current ratio of 1.29. Honeywell International Inc. has a one year low of $179.36 and a one year high of $242.77.

Honeywell International (NASDAQ:HON - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The conglomerate reported $2.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.66 by $0.09. Honeywell International had a return on equity of 37.37% and a net margin of 14.30%.The company had revenue of $10.35 billion for the quarter, compared to the consensus estimate of $10.01 billion. During the same period in the previous year, the business earned $2.49 EPS. Honeywell International's revenue for the quarter was up 8.1% compared to the same quarter last year. 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, sell-side analysts expect that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Increases Dividend

The company 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 $1.19 dividend. This represents a $4.76 dividend on an annualized basis and a dividend yield of 2.3%. This is an increase from Honeywell International's previous quarterly dividend of $1.13. Honeywell International's 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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