Evergreen Capital Management LLC Reduces Stock Holdings in Honeywell International Inc. $HON

Key Points

• Evergreen Capital Management LLC has reduced its holdings in Honeywell International Inc. by 13.7% during the first quarter, now owning 9,913 shares valued at approximately $2,099,000.
• Several institutional investors have made new acquisitions in Honeywell, bringing the total institutional ownership to 75.91%.
• Analysts have mixed ratings on Honeywell, with a consensus rating of Moderate Buy and an average price target of $254.00, alongside a recent analyst upgrade from Barclays raising the target price to $265.00.

Evergreen Capital Management LLC reduced its position in Honeywell International Inc. (NASDAQ:HON - Free Report) by 13.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,913 shares of the conglomerate's stock after selling 1,571 shares during the period. Evergreen Capital Management LLC's holdings in Honeywell International were worth $2,099,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in HON. Mpwm Advisory Solutions LLC purchased a new position in Honeywell International during the fourth quarter valued at $29,000. Pandora Wealth Inc. acquired a new stake in shares of Honeywell International in the first quarter valued at about $33,000. Accredited Wealth Management LLC acquired a new stake in Honeywell International during the fourth quarter worth about $34,000. Banque de Luxembourg S.A. acquired a new stake in Honeywell International during the fourth quarter worth about $38,000. Finally, Stone House Investment Management LLC acquired a new stake in Honeywell International during the first quarter worth about $41,000. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

HON has been the subject of several research analyst reports. Barclays increased their target price 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. Citigroup raised their price objective on shares of Honeywell International from $242.00 to $265.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. Wall Street Zen upgraded shares of Honeywell International from a "hold" rating to a "buy" rating in a report on Thursday, May 15th. Wells Fargo & Company dropped 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, Mizuho lifted their price objective on shares of Honeywell International from $235.00 to $250.00 and gave the company an "outperform" rating in a report on Friday, May 16th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eight have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Honeywell International presently has a consensus rating of "Moderate Buy" and an average price target of $254.00.

Honeywell International Trading Down 0.8%

NASDAQ HON opened at $219.50 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 $139.36 billion, a PE ratio of 24.97, a price-to-earnings-growth ratio of 2.48 and a beta of 1.08. The firm has a 50 day moving average of $226.81 and a two-hundred day moving average of $217.03.

Honeywell International (NASDAQ:HON - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The conglomerate reported $2.75 EPS for the quarter, topping 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 in the previous year, the business posted $2.49 EPS. The firm'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. As a group, research analysts expect that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 5th. Shareholders of record on Friday, August 15th will be issued a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a yield of 2.1%. The ex-dividend date is Friday, August 15th. Honeywell International's payout ratio is 51.42%.

Insider Buying and Selling

In other Honeywell International news, CEO Lucian Boldea sold 42,149 shares of the business's stock in a transaction that occurred on Wednesday, August 27th. The shares were 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 legal filing with the SEC, which is available at this link. 0.20% of the stock is owned by company insiders.

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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