Guggenheim Capital LLC Lowers Stock Holdings in Honeywell International Inc. $HON

Key Points

• Guggenheim Capital LLC has reduced its stake in Honeywell International Inc. by 16.6%, selling 48,513 shares during the first quarter, leaving them with 243,343 shares valued at approximately $51.5 million.
• Honeywell's stock has received mixed ratings from analysts; while Citigroup raised its price target to $265 with a "buy" rating, Wells Fargo lowered its target to $230 with an "equal weight" rating.
• The company recently announced a quarterly dividend of $1.13 per share, with a yield of 2.0%, to be paid on September 5th to investors of record.

Guggenheim Capital LLC lowered its stake in Honeywell International Inc. (NASDAQ:HON - Free Report) by 16.6% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 243,343 shares of the conglomerate's stock after selling 48,513 shares during the quarter. Guggenheim Capital LLC's holdings in Honeywell International were worth $51,528,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Maia Wealth LLC raised its stake in Honeywell International by 4.1% during the 1st quarter. Maia Wealth LLC now owns 1,189 shares of the conglomerate's stock valued at $238,000 after acquiring an additional 47 shares during the last quarter. Kirtland Hills Capital Management LLC lifted its holdings in shares of Honeywell International by 1.1% in the 1st quarter. Kirtland Hills Capital Management LLC now owns 4,424 shares of the conglomerate's stock valued at $870,000 after buying an additional 48 shares during the period. Sound View Wealth Advisors Group LLC lifted its holdings in shares of Honeywell International by 0.6% in the 1st quarter. Sound View Wealth Advisors Group LLC now owns 8,769 shares of the conglomerate's stock valued at $1,857,000 after buying an additional 48 shares during the period. Gateway Wealth Partners LLC lifted its holdings in shares of Honeywell International by 2.5% in the 1st quarter. Gateway Wealth Partners LLC now owns 2,044 shares of the conglomerate's stock valued at $433,000 after buying an additional 49 shares during the period. Finally, Cetera Trust Company N.A lifted its holdings in shares of Honeywell International by 0.5% in the 1st quarter. Cetera Trust Company N.A now owns 10,475 shares of the conglomerate's stock valued at $2,218,000 after buying an additional 50 shares during the period. Institutional investors own 75.91% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Wells Fargo & Company reduced their price target 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. Mizuho raised their price target on Honeywell International from $235.00 to $250.00 and gave the company an "outperform" rating in a report on Friday, May 16th. Barclays raised 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. Citigroup raised their price objective on Honeywell International from $242.00 to $265.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. Finally, Royal Bank Of Canada lowered 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 equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $254.00.

Honeywell International Price Performance

Honeywell International stock traded down $1.85 during mid-day trading on Friday, hitting $219.50. 1,991,059 shares of the company were exchanged, compared to its average volume of 3,115,309. 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 business's 50 day simple moving average is $226.81 and its two-hundred day simple moving average is $217.03. The company has a market capitalization of $139.36 billion, a P/E ratio of 24.97, a PEG ratio of 2.48 and a beta of 1.08. Honeywell International Inc. has a 12-month low of $179.36 and a 12-month high of $242.77.

Honeywell International (NASDAQ:HON - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The conglomerate reported $2.75 earnings per share for the quarter, topping the consensus estimate of $2.66 by $0.09. The company had revenue of $10.35 billion during the quarter, compared to the consensus estimate of $10.01 billion. Honeywell International had a return on equity of 37.37% and a net margin of 14.30%.Honeywell International's revenue was up 8.1% compared to the same quarter last year. During the same quarter last year, the business 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 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

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

Insiders Place Their Bets

In other news, CEO Lucian Boldea sold 42,149 shares of Honeywell International stock in a transaction 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 completion of 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.20% of the company's stock.

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.