Exchange Capital Management Inc. Buys 1,278 Shares of Honeywell International Inc. $HON

Key Points

• Exchange Capital Management Inc. increased its holdings in Honeywell International Inc. by 5.4%, acquiring an additional 1,278 shares during the second quarter, bringing their total ownership to 25,074 shares valued at approximately $5.84 million.
• In a significant insider transaction, CEO Lucian Boldea sold 42,149 shares of Honeywell stock for over $9.3 million, reducing his stake in the company by 80.31%.
• Honeywell recently declared a quarterly dividend of $1.19 per share, an increase from the previous $1.13, reflecting a positive shift in their dividend payout strategy.

Exchange Capital Management Inc. increased its position in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 5.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 25,074 shares of the conglomerate's stock after buying an additional 1,278 shares during the quarter. Exchange Capital Management Inc.'s holdings in Honeywell International were worth $5,839,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Red Door Wealth Management LLC boosted its stake in Honeywell International by 2.6% during the first quarter. Red Door Wealth Management LLC now owns 29,090 shares of the conglomerate's stock worth $6,160,000 after buying an additional 736 shares in the last quarter. Amundi boosted its position in shares of 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 increased its stake in Honeywell International by 2.4% in the first quarter. Spinnaker Trust now owns 11,598 shares of the conglomerate's stock valued at $2,456,000 after acquiring an additional 276 shares during the period. Integrated Wealth Concepts LLC raised its position in Honeywell International by 11.4% in the first quarter. Integrated Wealth Concepts LLC now owns 28,502 shares of the conglomerate's stock worth $6,035,000 after purchasing an additional 2,915 shares in the last quarter. Finally, Beacon Financial Group lifted its stake in Honeywell International by 52.6% during the first quarter. Beacon Financial Group now owns 3,759 shares of the conglomerate's stock worth $796,000 after purchasing an additional 1,295 shares during the period. Institutional investors and hedge funds own 75.91% of the company's stock.

Insiders Place Their Bets

In other Honeywell International news, CEO Lucian Boldea sold 42,149 shares of the firm'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 value of $9,339,375.42. Following the transaction, the chief executive officer directly owned 10,334 shares of the company's stock, valued at approximately $2,289,807.72. This trade represents a 80.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.20% of the stock is owned by corporate insiders.

Honeywell International Stock Performance

HON stock opened at $211.01 on Friday. The company has a 50 day moving average price of $215.93 and a 200 day moving average price of $217.35. Honeywell International Inc. has a fifty-two week low of $179.36 and a fifty-two week high of $242.77. 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 stock has a market capitalization of $133.97 billion, a PE ratio of 24.01, a price-to-earnings-growth ratio of 2.37 and a beta of 1.06.

Honeywell International (NASDAQ:HON - Get Free Report) last released its earnings results on Thursday, July 24th. The conglomerate reported $2.75 earnings per share for the quarter, topping 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 company had revenue of $10.35 billion during the quarter, compared to the consensus estimate of $10.01 billion. The firm's quarterly revenue was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the company 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. Analysts forecast that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Friday, November 14th will be given a dividend of $1.19 per share. The ex-dividend date is Friday, November 14th. This represents a $4.76 annualized dividend and a dividend yield of 2.3%. This is a positive change from Honeywell International's previous quarterly dividend of $1.13. Honeywell International's dividend payout ratio is presently 54.15%.

Analysts Set New Price Targets

Several research firms have recently weighed in on HON. Deutsche Bank Aktiengesellschaft upped their price objective on Honeywell International from $268.00 to $271.00 and gave the company a "buy" rating in a research note on Thursday. Wells Fargo & Company cut their price objective on Honeywell International from $240.00 to $230.00 and set an "equal weight" rating for the company in a report on Friday, July 25th. Morgan Stanley upped their target price on shares of Honeywell International from $225.00 to $245.00 and gave the stock an "equal weight" rating in a report on Monday, July 28th. Barclays raised their price objective on shares of Honeywell International from $258.00 to $265.00 and gave the stock an "overweight" rating in a report on Wednesday, July 9th. Finally, 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 report on Friday, July 25th. 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. According to data from MarketBeat.com, Honeywell International currently has an average rating of "Moderate Buy" and an average price target of $254.79.

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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