Harbour Capital Advisors LLC Sells 1,379 Shares of Honeywell International Inc. $HON

Key Points

• Harbour Capital Advisors LLC reduced its stake in Honeywell International by 7.5%, owning 17,058 shares valued at approximately $4.08 million as of the latest reporting period.
• Wall Street analysts have varied opinions on Honeywell’s stock, with target prices ranging from $230.00 to $265.00, and an average rating of "Moderate Buy."
• Honeywell International reported earnings of $2.75 per share for the last quarter, exceeding analysts' expectations, along with a revenue of $10.35 billion.

Harbour Capital Advisors LLC lessened its holdings in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 7.5% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 17,058 shares of the conglomerate's stock after selling 1,379 shares during the quarter. Harbour Capital Advisors LLC's holdings in Honeywell International were worth $4,081,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Brighton Jones LLC boosted its stake in Honeywell International by 9.1% in the fourth quarter. Brighton Jones LLC now owns 19,047 shares of the conglomerate's stock valued at $4,302,000 after acquiring an additional 1,582 shares during the period. Novem Group acquired a new position in Honeywell International during the 4th quarter worth $270,000. Mosaic Family Wealth Partners LLC acquired a new position in shares of Honeywell International during the fourth quarter valued at about $203,000. Vise Technologies Inc. increased its stake in Honeywell International by 86.4% in the fourth quarter. Vise Technologies Inc. now owns 9,881 shares of the conglomerate's stock valued at $2,232,000 after acquiring an additional 4,581 shares during the period. Finally, Breed s Hill Capital LLC bought a new stake in Honeywell International during the fourth quarter worth about $293,000. Institutional investors and hedge funds own 75.91% of the company's stock.

Honeywell International Trading Up 0.1%

NASDAQ HON traded up $0.29 on Tuesday, reaching $209.29. 2,190,871 shares of the company were exchanged, compared to its average volume of 4,047,985. The company has a current ratio of 1.29, a quick ratio of 0.97 and a debt-to-equity ratio of 1.81. The stock has a market capitalization of $132.88 billion, a P/E ratio of 23.80, a price-to-earnings-growth ratio of 2.36 and a beta of 1.05. Honeywell International Inc. has a fifty-two week low of $179.36 and a fifty-two week high of $242.77. The business's fifty day moving average price is $220.09 and its 200 day moving average price is $217.46.

Honeywell International (NASDAQ:HON - Get Free Report) last issued its 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. 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 quarter last year, the company earned $2.49 EPS. The business's quarterly 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. Analysts forecast that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 5th. Shareholders of record on Friday, August 15th were issued a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend was Friday, August 15th. Honeywell International's dividend payout ratio (DPR) is currently 51.42%.

Analyst Ratings Changes

HON has been the topic of several analyst reports. Morgan Stanley increased their price objective on shares of Honeywell International from $225.00 to $245.00 and gave the company an "equal weight" rating in a report on Monday, July 28th. Royal Bank Of Canada dropped their price objective on shares of Honeywell International from $254.00 to $253.00 and set a "sector perform" rating for the company in a research note on Friday, July 25th. Barclays lifted their price target on shares of Honeywell International from $258.00 to $265.00 and gave the company an "overweight" rating in a report on Wednesday, July 9th. 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. Finally, 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 report on Friday, July 25th. One 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 stock. According to MarketBeat.com, Honeywell International currently has an average rating of "Moderate Buy" and an average price target of $254.00.

Insider Buying and Selling at Honeywell International

In related news, CEO Lucian Boldea sold 42,149 shares of the firm's 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 directly owned 10,334 shares in the company, valued at $2,289,807.72. This trade represents a 80.31% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.41% of the company's stock.

Honeywell International Company 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.