HB Wealth Management LLC Raises Stock Position in Honeywell International Inc. $HON

Key Points

• HB Wealth Management LLC increased its stake in Honeywell International by 4.8% during Q2, now holding 88,704 shares worth $20.66 million.
• Honeywell's Q2 earnings exceeded estimates with $2.75 EPS on revenues of $10.35 billion, showing an 8.1% year-over-year revenue growth.
• The company announced a quarterly dividend increase to $1.19 per share, resulting in an annualized dividend yield of 2.3%.

HB Wealth Management LLC raised its stake in Honeywell International Inc. (NASDAQ:HON - Free Report) by 4.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 88,704 shares of the conglomerate's stock after buying an additional 4,099 shares during the period. HB Wealth Management LLC's holdings in Honeywell International were worth $20,657,000 at the end of the most recent reporting period.

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

Honeywell International Stock Up 0.5%

Shares of HON opened at $209.28 on Tuesday. The firm has a market cap of $132.87 billion, a PE ratio of 23.81, a price-to-earnings-growth ratio of 2.35 and a beta of 1.05. The company's fifty day moving average is $217.31 and its two-hundred day moving average is $217.44. Honeywell International Inc. has a fifty-two week low of $179.36 and a fifty-two week high of $242.77. 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 announced its quarterly earnings results 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. The company had revenue of $10.35 billion for the quarter, compared to analyst estimates of $10.01 billion. Honeywell International had a net margin of 14.30% and a return on equity of 37.37%. Honeywell International's revenue for the quarter was up 8.1% on a year-over-year basis. During the same quarter last year, the business earned $2.49 EPS. 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 Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Friday, November 14th will be issued a $1.19 dividend. This is a boost from Honeywell International's previous quarterly dividend of $1.13. The ex-dividend date is Friday, November 14th. This represents a $4.76 dividend on an annualized basis and a dividend yield of 2.3%. Honeywell International's dividend payout ratio (DPR) is 51.42%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. Wells Fargo & Company dropped their price objective on shares of Honeywell International from $240.00 to $230.00 and set an "equal weight" rating for the company in a research note on Friday, July 25th. 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 target price on shares of Honeywell International from $258.00 to $265.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 9th. Morgan Stanley lifted their target price on shares of Honeywell International from $225.00 to $245.00 and gave the stock an "equal weight" rating in a research note on Monday, July 28th. Finally, Citigroup lifted their target price on shares of Honeywell International from $242.00 to $265.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eight have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $254.00.

Insider Buying and Selling at Honeywell International

In other Honeywell International news, CEO Lucian Boldea sold 42,149 shares of Honeywell International stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $221.58, for a total value of $9,339,375.42. Following the transaction, the chief executive officer owned 10,334 shares in the company, valued at $2,289,807.72. This trade represents a 80.31% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.20% of the stock is currently owned by company 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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