Cox Capital Mgt LLC Purchases 4,587 Shares of Honeywell International Inc. $HON

Key Points

• Cox Capital Mgt LLC increased its stake in Honeywell International by 95.2%, purchasing an additional 4,587 shares in the 2nd quarter, bringing their total holdings to 9,406 shares valued at approximately $2.19 million.
• Honeywell reported $2.75 earnings per share for the last quarter, exceeding analysts' estimates, with revenues of $10.35 billion, which is an 8.1% year-over-year increase.
• Several analysts have raised their target prices for Honeywell stock, with Citigroup increasing its target from $242 to $265 and Barclays from $258 to $265, reflecting growing confidence in the company's performance.

Cox Capital Mgt LLC increased its position in Honeywell International Inc. (NASDAQ:HON - Free Report) by 95.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,406 shares of the conglomerate's stock after purchasing an additional 4,587 shares during the quarter. Honeywell International makes up about 1.5% of Cox Capital Mgt LLC's portfolio, making the stock its 27th biggest position. Cox Capital Mgt LLC's holdings in Honeywell International were worth $2,190,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Red Door Wealth Management LLC grew its stake in Honeywell International by 2.6% in the first quarter. Red Door Wealth Management LLC now owns 29,090 shares of the conglomerate's stock worth $6,160,000 after purchasing an additional 736 shares in the last quarter. Amundi boosted its position in Honeywell International by 30.2% during the 1st quarter. Amundi now owns 519,882 shares of the conglomerate's stock valued at $107,450,000 after acquiring an additional 120,706 shares in the last quarter. Spinnaker Trust boosted its position in Honeywell International by 2.4% during the 1st quarter. Spinnaker Trust now owns 11,598 shares of the conglomerate's stock valued at $2,456,000 after acquiring an additional 276 shares in the last quarter. Integrated Wealth Concepts LLC boosted its position in Honeywell International by 11.4% during the 1st quarter. Integrated Wealth Concepts LLC now owns 28,502 shares of the conglomerate's stock valued at $6,035,000 after acquiring an additional 2,915 shares in the last quarter. Finally, Beacon Financial Group boosted its position in Honeywell International by 52.6% during the 1st quarter. Beacon Financial Group now owns 3,759 shares of the conglomerate's stock valued at $796,000 after acquiring an additional 1,295 shares in the last quarter. Institutional investors own 75.91% of the company's stock.

Insider Activity

In other news, CEO Lucian Boldea sold 42,149 shares of the firm's stock in a transaction dated 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 transaction, 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 document filed with the SEC, which is available through the SEC website. 0.20% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Citigroup increased their target price on Honeywell International from $242.00 to $265.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Morgan Stanley raised 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. Royal Bank Of Canada lowered 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. Wells Fargo & Company lowered their price objective 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 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. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $254.00.

Honeywell International Stock Down 0.4%

Honeywell International stock opened at $207.70 on Friday. 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 business has a fifty day moving average price of $218.39 and a 200-day moving average price of $217.30. The stock has a market capitalization of $131.87 billion, a price-to-earnings ratio of 23.63, a PEG ratio of 2.36 and a beta of 1.05. Honeywell International Inc. has a 1-year low of $179.36 and a 1-year high of $242.77.

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

Honeywell International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 5th. Stockholders of record on Friday, August 15th were paid a $1.13 dividend. This represents a $4.52 annualized dividend and a dividend yield of 2.2%. The ex-dividend date was Friday, August 15th. Honeywell International's dividend payout ratio (DPR) is presently 51.42%.

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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