Fishman Jay A Ltd. MI Sells 1,663 Shares of Honeywell International Inc. $HON

Key Points

• Fishman Jay A Ltd. MI reduced its stake in Honeywell International Inc. by 9.6%, selling 1,663 shares during the 2nd quarter, and now holds 15,609 shares valued at approximately $3.6 million.
• Honeywell reported earnings of $2.75 per share for the last quarter, beating estimates, with revenue up 8.1% year-over-year at $10.35 billion.
• The company declared a new quarterly dividend of $1.19 per share, increasing from $1.13, with a payout ratio of 54.15%.

Fishman Jay A Ltd. MI lowered its stake in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 9.6% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 15,609 shares of the conglomerate's stock after selling 1,663 shares during the period. Fishman Jay A Ltd. MI's holdings in Honeywell International were worth $3,635,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in HON. Chung Wu Investment Group LLC bought a new stake in Honeywell International in the 2nd quarter worth approximately $26,000. Pandora Wealth Inc. bought a new position in shares of Honeywell International during the 1st quarter valued at $33,000. Dogwood Wealth Management LLC boosted its stake in shares of Honeywell International by 143.9% in the 2nd quarter. Dogwood Wealth Management LLC now owns 161 shares of the conglomerate's stock worth $39,000 after buying an additional 95 shares during the last quarter. 1248 Management LLC bought a new stake in shares of Honeywell International in the first quarter worth $38,000. Finally, Quarry LP purchased a new stake in Honeywell International during the first quarter valued at $41,000. Hedge funds and other institutional investors own 75.91% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on HON. Royal Bank Of Canada reduced their price target 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. Deutsche Bank Aktiengesellschaft upped their target price on shares of Honeywell International from $268.00 to $271.00 and gave the company a "buy" rating in a report on Thursday. Wells Fargo & Company dropped their price target on shares of Honeywell International from $240.00 to $230.00 and set an "equal weight" rating on the stock in a research note on Friday, July 25th. Barclays upped their price objective on Honeywell International from $258.00 to $265.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 9th. Finally, Weiss Ratings reiterated a "buy (b-)" rating on shares of Honeywell International in a research report on Saturday, September 27th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, Honeywell International has a consensus rating of "Moderate Buy" and an average price target of $254.79.

Honeywell International Trading Down 0.9%

Honeywell International stock opened at $209.05 on Monday. Honeywell International Inc. has a 1 year low of $179.36 and a 1 year high of $242.77. The firm's 50 day moving average price is $215.63 and its 200-day moving average price is $217.45. 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 cap of $132.73 billion, a P/E ratio of 23.78, a PEG ratio of 2.34 and a beta of 1.06.

Honeywell International (NASDAQ:HON - Get Free Report) last posted its earnings results on Thursday, July 24th. The conglomerate reported $2.75 earnings per share for the quarter, beating the consensus estimate of $2.66 by $0.09. The company had revenue of $10.35 billion during the quarter, compared to analysts' expectations of $10.01 billion. Honeywell International had a net margin of 14.30% and a return on equity of 37.37%. Honeywell International's quarterly revenue was up 8.1% on a year-over-year basis. During the same period last 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. On average, equities analysts predict that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Friday, November 14th will be paid a dividend of $1.19 per share. The ex-dividend date of this dividend is Friday, November 14th. This is a boost from Honeywell International's previous quarterly dividend of $1.13. This represents a $4.76 dividend on an annualized basis and a yield of 2.3%. Honeywell International's dividend payout ratio is currently 54.15%.

Insiders Place Their Bets

In other Honeywell International news, CEO Lucian Boldea sold 42,149 shares of Honeywell International stock in a transaction that occurred on 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 sale, the chief executive officer owned 10,334 shares of the company's stock, 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 through the SEC website. 0.20% of the stock is owned by corporate 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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