DAVENPORT & Co LLC Grows Holdings in Honeywell International Inc. $HON

Key Points

• Davenport & Co LLC increased its holdings in Honeywell International by 2.0% in the second quarter, acquiring an additional 1,502 shares, bringing its total to 77,655 shares valued at approximately $18.08 million.
• CEO Lucian Boldea sold 42,149 shares of Honeywell at an average price of $221.58, significantly reducing his ownership by 80.31% to 10,334 shares.
• Honeywell's quarterly earnings report showed an EPS of $2.75, exceeding estimates, with revenue rising by 8.1% year-over-year and the company also announcing a dividend increase to $1.19 per share.

DAVENPORT & Co LLC raised its position in Honeywell International Inc. (NASDAQ:HON - Free Report) by 2.0% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 77,655 shares of the conglomerate's stock after buying an additional 1,502 shares during the period. DAVENPORT & Co LLC's holdings in Honeywell International were worth $18,084,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Pandora Wealth Inc. bought a new position in shares of Honeywell International in the first quarter valued at approximately $33,000. 1248 Management LLC bought a new position in Honeywell International in the 1st quarter valued at $38,000. Dogwood Wealth Management LLC grew its stake in Honeywell International by 143.9% in the 2nd quarter. Dogwood Wealth Management LLC now owns 161 shares of the conglomerate's stock valued at $39,000 after purchasing an additional 95 shares during the period. Stone House Investment Management LLC purchased a new stake in shares of Honeywell International during the 1st quarter valued at $41,000. Finally, Quarry LP bought a new stake in Honeywell International in the first quarter worth about $41,000. Hedge funds and other institutional investors own 75.91% of the company's stock.

Insider Transactions at Honeywell International

In other Honeywell International 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 directly owned 10,334 shares in the company, valued at approximately $2,289,807.72. This represents a 80.31% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.41% of the company's stock.

Analysts Set New Price Targets

HON has been the topic of several research reports. Royal Bank Of Canada lowered their target price on Honeywell International from $254.00 to $253.00 and set a "sector perform" rating on the stock in a research note on Friday, July 25th. Weiss Ratings reissued a "buy (b-)" rating on shares of Honeywell International in a report on Saturday, September 27th. Barclays boosted their price objective on Honeywell International from $258.00 to $265.00 and gave the stock an "overweight" rating in a report on Wednesday, July 9th. Wells Fargo & Company reduced their target price on Honeywell International from $230.00 to $220.00 and set an "equal weight" rating on the stock in a research note on Monday. Finally, Morgan Stanley lifted their price target on shares of Honeywell International from $225.00 to $245.00 and gave the stock an "equal weight" rating in a research note on Monday, July 28th. 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 data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $254.07.

Honeywell International Stock Down 0.0%

Shares of NASDAQ HON opened at $209.00 on Tuesday. The firm's fifty day moving average is $215.31 and its 200 day moving average is $217.44. Honeywell International Inc. has a 52 week low of $179.36 and a 52 week high of $242.77. The company has a quick ratio of 0.97, a current ratio of 1.29 and a debt-to-equity ratio of 1.81. The company has a market cap of $132.69 billion, a price-to-earnings ratio of 23.78, a PEG ratio of 2.34 and a beta of 1.06.

Honeywell International (NASDAQ:HON - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The conglomerate reported $2.75 EPS for the quarter, beating the consensus estimate of $2.66 by $0.09. The firm had revenue of $10.35 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. 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. On average, equities research analysts expect that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Friday, November 14th will be given a dividend of $1.19 per share. This represents a $4.76 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Friday, November 14th. This is an increase from Honeywell International's previous quarterly dividend of $1.13. Honeywell International's payout ratio is presently 51.42%.

Honeywell International 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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