Harrell Investment Partners LLC Acquires Shares of 1,270 Honeywell International Inc. $HON

Key Points

• Harrell Investment Partners LLC acquired a new stake in Honeywell International Inc., purchasing 1,270 shares valued at approximately $296,000 in the 2nd quarter.
• Honeywell's Q2 earnings report exceeded analysts' expectations, with earnings per share of $2.75 and revenue of $10.35 billion, marking an 8.1% increase year-over-year.
• The company recently announced a quarterly dividend of $1.13 per share, resulting in an annualized dividend yield of 2.2% and a payout ratio of 51.42%.

Harrell Investment Partners LLC acquired a new stake in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 1,270 shares of the conglomerate's stock, valued at approximately $296,000.

Several other institutional investors and hedge funds have also bought and sold shares of HON. Pandora Wealth Inc. purchased a new position in shares of Honeywell International during the 1st quarter valued at approximately $33,000. 1248 Management LLC purchased a new position in shares of Honeywell International during the 1st quarter valued at approximately $38,000. Stone House Investment Management LLC purchased a new position in shares of Honeywell International during the 1st quarter valued at approximately $41,000. Quarry LP purchased a new position in shares of Honeywell International during the 1st quarter valued at approximately $41,000. Finally, Garde Capital Inc. purchased a new position in shares of Honeywell International during the 1st quarter valued at approximately $42,000. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Honeywell International Price Performance

Honeywell International stock opened at $208.60 on Thursday. Honeywell International Inc. has a 52-week low of $179.36 and a 52-week high of $242.77. The firm has a market capitalization of $132.44 billion, a price-to-earnings ratio of 23.73, a PEG ratio of 2.36 and a beta of 1.05. The company has a fifty day simple moving average of $219.01 and a 200-day simple moving average of $217.34. The company has a quick ratio of 0.97, a current ratio of 1.29 and a debt-to-equity ratio of 1.81.

Honeywell International (NASDAQ:HON - Get Free Report) last released its earnings results on Thursday, July 24th. The conglomerate reported $2.75 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.66 by $0.09. Honeywell International had a net margin of 14.30% and a return on equity of 37.37%. The business had revenue of $10.35 billion during the quarter, compared to analyst estimates of $10.01 billion. During the same quarter in the prior year, the firm earned $2.49 earnings per share. The company's revenue for the quarter was up 8.1% compared to the same quarter last year. 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 anticipate that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Announces Dividend

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

Insider Activity

In other news, CEO Lucian Boldea sold 42,149 shares of the company's stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $221.58, for a total transaction 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. This represents a 80.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.20% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Citigroup lifted their target price on shares of Honeywell International from $242.00 to $265.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. Wells Fargo & Company cut their price target on shares of Honeywell International from $240.00 to $230.00 and set an "equal weight" rating for the company in a report on Friday, July 25th. Royal Bank Of Canada cut 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 report on Friday, July 25th. Barclays boosted their price target 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, Morgan Stanley boosted their price target 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. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and eight have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $254.00.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.