Northwestern Mutual Wealth Management Co. Sells 113,137 Shares of Honeywell International Inc. $HON

Key Points

• Northwestern Mutual Wealth Management Co. reduced its holdings in Honeywell International by 49.8%, selling over 113,000 shares and ending the quarter with a value of approximately $24.1 million.
• Several hedge funds adjusted their positions, including Brighton Jones LLC, which increased its stake by 9.1% and bought additional shares during the fourth quarter.
• Honeywell recently reported quarterly earnings of $2.75 per share, exceeding estimates, and announced a dividend of $1.13 per share with a yield of 2.0%.

Northwestern Mutual Wealth Management Co. reduced its holdings in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 49.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 113,964 shares of the conglomerate's stock after selling 113,137 shares during the period. Northwestern Mutual Wealth Management Co.'s holdings in Honeywell International were worth $24,132,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of HON. Mpwm Advisory Solutions LLC bought a new position in Honeywell International during the fourth quarter valued at approximately $29,000. Pandora Wealth Inc. purchased a new stake in shares of Honeywell International during the first quarter valued at approximately $33,000. Accredited Wealth Management LLC purchased a new stake in shares of Honeywell International during the fourth quarter valued at approximately $34,000. Banque de Luxembourg S.A. purchased a new stake in shares of Honeywell International during the fourth quarter valued at approximately $38,000. Finally, Stone House Investment Management LLC purchased a new stake in shares of Honeywell International during the first quarter valued at approximately $41,000. 75.91% of the stock is currently owned by institutional investors.

Honeywell International Stock Down 0.8%

HON traded down $1.85 during trading on Friday, reaching $219.50. The stock had a trading volume of 1,991,059 shares, compared to its average volume of 3,115,309. The stock's 50 day moving average is $226.81 and its two-hundred day moving average is $217.03. 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 company has a market capitalization of $139.36 billion, a price-to-earnings ratio of 24.97, a P/E/G ratio of 2.48 and a beta of 1.08. Honeywell International Inc. has a one year low of $179.36 and a one year high of $242.77.

Honeywell International (NASDAQ:HON - Get Free Report) last posted its quarterly earnings data 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. The business 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%.The firm's quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $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. As a group, analysts expect that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on HON. Citigroup increased 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. Wall Street Zen raised Honeywell International from a "hold" rating to a "buy" rating in a research note on Thursday, May 15th. Royal Bank Of Canada dropped their price objective on 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 increased their price objective on Honeywell International from $258.00 to $265.00 and gave the company an "overweight" rating in a research note on Wednesday, July 9th. Finally, Morgan Stanley raised their price target 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 analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $254.00.

Insider Transactions at Honeywell International

In other Honeywell International 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 completion of the transaction, the chief executive officer owned 10,334 shares in the company, valued at approximately $2,289,807.72. This represents a 80.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company 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.