EP Wealth Advisors LLC Has $57.32 Million Holdings in Honeywell International Inc. $HON

Key Points

• EP Wealth Advisors LLC has reduced its holdings in Honeywell International Inc. by 25.8% in the first quarter, owning 270,693 shares after selling 93,966 shares.
• CEO Lucian Boldea sold 42,149 shares at an average price of $221.58, marking an 80.31% decrease in his ownership.
• Honeywell recently announced a quarterly dividend of $1.13 per share, with a yield of 2.1%, to be paid to shareholders on September 5th.

EP Wealth Advisors LLC lessened its stake in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 25.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 270,693 shares of the conglomerate's stock after selling 93,966 shares during the period. EP Wealth Advisors LLC's holdings in Honeywell International were worth $57,319,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Red Door Wealth Management LLC grew its stake in Honeywell International by 2.6% in the 1st quarter. Red Door Wealth Management LLC now owns 29,090 shares of the conglomerate's stock valued at $6,160,000 after buying an additional 736 shares during the last quarter. Spinnaker Trust grew its holdings in shares of Honeywell International by 2.4% during the 1st quarter. Spinnaker Trust now owns 11,598 shares of the conglomerate's stock worth $2,456,000 after purchasing an additional 276 shares in the last quarter. Beacon Financial Group boosted its stake in Honeywell International by 52.6% during the first quarter. Beacon Financial Group now owns 3,759 shares of the conglomerate's stock worth $796,000 after buying an additional 1,295 shares in the last quarter. WIM INVESTMENT MANAGEMENT Ltd increased its stake in Honeywell International by 40.5% in the first quarter. WIM INVESTMENT MANAGEMENT Ltd now owns 28,800 shares of the conglomerate's stock valued at $6,098,000 after acquiring an additional 8,300 shares during the period. Finally, Codex Capital Asset Management L.L.C. acquired a new stake in Honeywell International during the first quarter valued at approximately $5,294,000. Institutional investors and hedge funds own 75.91% of the company's stock.

Insiders Place Their Bets

In other news, CEO Lucian Boldea sold 42,149 shares of the 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 transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.20% of the stock is owned by corporate insiders.

Honeywell International Trading Down 0.4%

NASDAQ:HON traded down $0.91 during trading hours on Friday, hitting $214.25. 4,104,308 shares of the stock were exchanged, compared to its average volume of 4,007,500. 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 Inc. has a twelve month low of $179.36 and a twelve month high of $242.77. The company has a market capitalization of $136.03 billion, a P/E ratio of 24.37, a price-to-earnings-growth ratio of 2.42 and a beta of 1.05. The company's 50 day moving average is $226.19 and its two-hundred day moving average is $217.29.

Honeywell International (NASDAQ:HON - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The conglomerate reported $2.75 earnings per share (EPS) for the quarter, beating 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 in the prior year, the firm posted $2.49 earnings per share. The firm'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, sell-side analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research firms have commented on HON. Mizuho boosted their price target on shares of Honeywell International from $235.00 to $250.00 and gave the company an "outperform" rating in a research report on Friday, May 16th. Wells Fargo & Company reduced their target price on Honeywell International from $240.00 to $230.00 and set an "equal weight" rating on the stock in a report on Friday, July 25th. Citigroup boosted their target price on 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. boosted their target price on Honeywell International from $182.00 to $217.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. Finally, Morgan Stanley boosted their price objective on Honeywell International from $225.00 to $245.00 and gave the stock an "equal weight" rating in a research note 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 assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $254.00.

About Honeywell International

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.