Global View Capital Management LLC Purchases New Position in Honeywell International Inc. $HON

Key Points

• Global View Capital Management LLC has acquired a new stake in Honeywell International Inc. during Q1, purchasing 1,185 shares valued at approximately $251,000.
• Honeywell International reported a Q2 EPS of $2.75, exceeding analyst expectations, with revenue of $10.35 billion, reflecting an 8.1% year-over-year increase.
• The company has declared a quarterly dividend of $1.13, yielding 2.1%, to be paid on September 5th to shareholders of record as of August 15th.

Global View Capital Management LLC bought a new position in Honeywell International Inc. (NASDAQ:HON - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 1,185 shares of the conglomerate's stock, valued at approximately $251,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Mpwm Advisory Solutions LLC purchased a new stake in shares of Honeywell International in the 4th quarter worth approximately $29,000. Accredited Wealth Management LLC purchased a new position in Honeywell International during the fourth quarter valued at approximately $34,000. Pandora Wealth Inc. bought a new position in Honeywell International in the first quarter worth approximately $33,000. Banque de Luxembourg S.A. purchased a new stake in Honeywell International during the fourth quarter worth $38,000. Finally, Stone House Investment Management LLC purchased a new stake in Honeywell International during the first quarter worth $41,000. Institutional investors own 75.91% of the company's stock.

Honeywell International Stock Performance

HON stock traded up $0.26 during midday trading on Wednesday, reaching $217.00. The stock had a trading volume of 4,060,412 shares, compared to its average volume of 4,068,011. The firm has a fifty day simple moving average of $227.31 and a two-hundred day simple moving average of $216.62. Honeywell International Inc. has a 52-week low of $179.36 and a 52-week high of $242.77. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.97 and a current ratio of 1.29. The stock has a market cap of $137.77 billion, a PE ratio of 24.69, a P/E/G ratio of 2.44 and a beta of 1.08.

Honeywell International (NASDAQ:HON - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The conglomerate reported $2.75 earnings per share for the quarter, beating 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 business had revenue of $10.35 billion for the quarter, compared to analyst estimates of $10.01 billion. During the same period in the prior year, the company earned $2.49 earnings per share. The company'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, equities research analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Announces Dividend

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

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on HON. Barclays lifted their price target on Honeywell International from $258.00 to $265.00 and gave the company an "overweight" rating in a report on Wednesday, July 9th. Bank of America upgraded Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 target price on the stock in a research note on Wednesday, May 7th. Citigroup boosted their target price on shares of Honeywell International from $242.00 to $265.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. JPMorgan Chase & Co. raised their price target on shares of Honeywell International from $182.00 to $217.00 and gave the company a "neutral" rating in a report on Friday, May 16th. Finally, Royal Bank Of Canada cut their price objective on shares of Honeywell International from $254.00 to $253.00 and set a "sector perform" rating on the stock in a research 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's stock. Based on data from MarketBeat.com, Honeywell International has an average rating of "Moderate Buy" and a consensus price target of $254.00.

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.