Douglas Lane & Associates LLC Sells 18,596 Shares of Honeywell International Inc. $HON

Key Points

• Douglas Lane & Associates LLC has decreased its stake in Honeywell International Inc. by 21.0%, selling 18,596 shares in the second quarter, leaving them with holdings valued at approximately $16.3 million.
• Insider trading revealed that CEO Lucian Boldea sold 42,149 shares at an average price of $221.58, drastically reducing his ownership by 80.31% to around $2.29 million.
• Analysts have given Honeywell a consensus rating of "Moderate Buy" with varying price targets, currently averaging around $254.00 per share, as the stock's performance is closely watched by institutional investors.

Douglas Lane & Associates LLC reduced its position in Honeywell International Inc. (NASDAQ:HON - Free Report) by 21.0% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 70,043 shares of the conglomerate's stock after selling 18,596 shares during the period. Douglas Lane & Associates LLC's holdings in Honeywell International were worth $16,312,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Garde Capital Inc. raised its holdings in Honeywell International by 76.5% in the 2nd quarter. Garde Capital Inc. now owns 353 shares of the conglomerate's stock worth $82,000 after purchasing an additional 153 shares during the period. Sage Capital Advisors llc lifted its holdings in shares of Honeywell International by 0.4% in the 2nd quarter. Sage Capital Advisors llc now owns 25,098 shares of the conglomerate's stock valued at $5,845,000 after acquiring an additional 109 shares during the last quarter. Norway Savings Bank lifted its stake in Honeywell International by 4.7% in the second quarter. Norway Savings Bank now owns 9,628 shares of the conglomerate's stock worth $2,242,000 after purchasing an additional 431 shares during the last quarter. Crumly & Associates Inc. raised its stake in shares of Honeywell International by 7.8% during the second quarter. Crumly & Associates Inc. now owns 1,851 shares of the conglomerate's stock valued at $431,000 after acquiring an additional 134 shares in the last quarter. Finally, Harbor Investment Advisory LLC raised its stake in shares of Honeywell International by 1.8% during the second quarter. Harbor Investment Advisory LLC now owns 14,526 shares of the conglomerate's stock valued at $3,383,000 after acquiring an additional 262 shares in the last quarter. 75.91% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, CEO Lucian Boldea sold 42,149 shares of the firm'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 sale, the chief executive officer directly owned 10,334 shares in the company, valued at approximately $2,289,807.72. This trade 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 this link. 0.20% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

HON has been the subject of a number of recent research reports. Barclays boosted their price objective on shares of Honeywell International from $258.00 to $265.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 9th. Royal Bank Of Canada decreased their price objective on shares of 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. Citigroup upped their price target on shares of Honeywell International from $242.00 to $265.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Wells Fargo & Company cut their price objective on shares of Honeywell International from $240.00 to $230.00 and set an "equal weight" rating for the company in a report on Friday, July 25th. Finally, Morgan Stanley increased their price objective on shares of Honeywell International from $225.00 to $245.00 and gave the stock an "equal weight" rating in a research report on Monday, July 28th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $254.00.

Honeywell International Stock Performance

Shares of HON stock opened at $211.46 on Friday. The company has a quick ratio of 0.97, a current ratio of 1.29 and a debt-to-equity ratio of 1.81. Honeywell International Inc. has a 52 week low of $179.36 and a 52 week high of $242.77. The stock has a market capitalization of $134.26 billion, a PE ratio of 24.06, a P/E/G ratio of 2.43 and a beta of 1.05. The firm has a 50 day moving average of $223.41 and a two-hundred day moving average of $217.46.

Honeywell International (NASDAQ:HON - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The conglomerate reported $2.75 EPS for the quarter, beating the consensus estimate of $2.66 by $0.09. Honeywell International had a net margin of 14.30% and a return on equity of 37.37%. The company had revenue of $10.35 billion during the quarter, compared to analysts' expectations of $10.01 billion. During the same quarter last year, the company posted $2.49 EPS. The firm's revenue 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. On average, research analysts predict that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 5th. Shareholders of record on Friday, August 15th were given a $1.13 dividend. This represents a $4.52 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend was Friday, August 15th. Honeywell International's dividend payout ratio (DPR) is currently 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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