Honeywell International Inc. $HON Shares Sold by CX Institutional

Key Points

• CX Institutional reduced its holdings in Honeywell International by 35.7% during the 2nd quarter, bringing its total shares to 42,909 worth approximately $9,993,000 at the end of the quarter.
• Honeywell reported earnings of $2.75 per share, exceeding analysts' expectations, with a revenue of $10.35 billion for the quarter, an increase of 8.1% year-over-year.
• The company announced a quarterly dividend of $1.13 per share, yielding 2.2%, while its dividend payout ratio stands at 51.42%.

CX Institutional decreased its stake in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 35.7% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 42,909 shares of the conglomerate's stock after selling 23,819 shares during the quarter. CX Institutional's holdings in Honeywell International were worth $9,993,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of Honeywell International by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 62,209,455 shares of the conglomerate's stock valued at $13,172,852,000 after buying an additional 447,744 shares in the last quarter. Wellington Management Group LLP raised its position in shares of Honeywell International by 8.9% in the 1st quarter. Wellington Management Group LLP now owns 15,751,951 shares of the conglomerate's stock valued at $3,335,476,000 after purchasing an additional 1,293,137 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of Honeywell International by 9.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 6,038,080 shares of the conglomerate's stock valued at $1,278,563,000 after purchasing an additional 505,083 shares during the last quarter. Invesco Ltd. raised its position in shares of Honeywell International by 5.4% in the 1st quarter. Invesco Ltd. now owns 5,568,610 shares of the conglomerate's stock valued at $1,179,153,000 after purchasing an additional 283,193 shares during the last quarter. Finally, Nuveen LLC purchased a new position in shares of Honeywell International in the 1st quarter valued at approximately $1,150,929,000. Hedge funds and other institutional investors own 75.91% of the company's stock.

Insider Buying and Selling

In other Honeywell International news, CEO Lucian Boldea sold 42,149 shares of Honeywell International stock in a transaction dated 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 sale, the chief executive officer owned 10,334 shares in the company, valued at $2,289,807.72. The trade was a 80.31% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.41% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

HON has been the subject of several research analyst reports. Wells Fargo & Company decreased 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 report on Friday, July 25th. 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 research report on Monday, July 28th. Royal Bank Of Canada reduced 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 research report on Friday, July 25th. Barclays raised their price target on shares of Honeywell International from $258.00 to $265.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 9th. Finally, Citigroup raised their price target on shares of Honeywell International from $242.00 to $265.00 and gave the stock a "buy" rating in a research report 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 given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $254.00.

Honeywell International Stock Up 0.1%

Shares of HON stock traded up $0.26 during trading hours on Tuesday, reaching $209.26. 2,190,871 shares of the stock were exchanged, compared to its average volume of 4,047,985. The business's fifty day moving average is $220.09 and its two-hundred day moving average is $217.46. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.29 and a quick ratio of 0.97. Honeywell International Inc. has a 12-month low of $179.36 and a 12-month high of $242.77. The firm has a market capitalization of $132.86 billion, a P/E ratio of 23.80, a P/E/G ratio of 2.36 and a beta of 1.05.

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 (EPS) for the quarter, beating analysts' consensus estimates of $2.66 by $0.09. The firm 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 period in the prior year, the company posted $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, research analysts expect that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 5th. Stockholders of record on Friday, August 15th were given a $1.13 dividend. The ex-dividend date 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 (DPR) is currently 51.42%.

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.