Honeywell International Inc. $HON Shares Sold by Newport Trust Company LLC

Key Points

• Newport Trust Company LLC reduced its position in Honeywell International by 6.1%, now holding approximately 14.7 million shares, which constitutes about 8% of its portfolio.
• Honeywell's earnings for the last quarter surpassed analysts' expectations with $2.75 EPS, and its revenue increased by 8.1% year-over-year to $10.35 billion.
• The company declared a quarterly dividend of $1.13 per share, with an annualized yield of 2.1%, set to be paid on September 5th.

Newport Trust Company LLC trimmed its holdings in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 6.1% in the first quarter, according to its most recent filing with the SEC. The firm owned 14,723,979 shares of the conglomerate's stock after selling 954,018 shares during the period. Honeywell International makes up about 8.0% of Newport Trust Company LLC's investment portfolio, making the stock its 5th biggest position. Newport Trust Company LLC owned 2.29% of Honeywell International worth $3,117,803,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HON. Brighton Jones LLC lifted its holdings in Honeywell International by 9.1% during the 4th quarter. Brighton Jones LLC now owns 19,047 shares of the conglomerate's stock valued at $4,302,000 after purchasing an additional 1,582 shares during the last quarter. MGO One Seven LLC lifted its holdings in Honeywell International by 9.6% during the 4th quarter. MGO One Seven LLC now owns 8,753 shares of the conglomerate's stock valued at $1,977,000 after purchasing an additional 767 shares during the last quarter. J. Stern & Co. LLP lifted its holdings in Honeywell International by 19.5% during the 4th quarter. J. Stern & Co. LLP now owns 239,274 shares of the conglomerate's stock valued at $54,050,000 after purchasing an additional 39,032 shares during the last quarter. Burling Wealth Partners LLC bought a new position in Honeywell International during the 4th quarter valued at about $5,972,000. Finally, Integrated Wealth Concepts LLC lifted its holdings in Honeywell International by 3.3% during the 4th quarter. Integrated Wealth Concepts LLC now owns 25,587 shares of the conglomerate's stock valued at $5,780,000 after purchasing an additional 822 shares during the last quarter. 75.91% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on HON. 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. Barclays lifted their price target on shares of Honeywell International from $258.00 to $265.00 and gave the company an "overweight" rating in a report on Wednesday, July 9th. Citigroup raised their price objective on shares of Honeywell International from $242.00 to $265.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. JPMorgan Chase & Co. raised their price objective on shares of Honeywell International from $182.00 to $217.00 and gave the company a "neutral" rating in a research report on Friday, May 16th. Finally, Wall Street Zen upgraded shares of Honeywell International from a "hold" rating to a "buy" rating in a research report on Thursday, May 15th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and eight have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $254.00.

Honeywell International Trading Down 1.0%

Shares of NASDAQ:HON traded down $2.22 during trading on Monday, hitting $220.61. 2,256,872 shares of the company's stock were exchanged, compared to its average volume of 4,043,315. Honeywell International Inc. has a 1-year low of $179.36 and a 1-year high of $242.77. The firm has a 50-day moving average price of $226.94 and a two-hundred day moving average price of $216.59. 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 firm has a market cap of $140.07 billion, a P/E ratio of 25.10, a PEG ratio of 2.52 and a beta of 1.08.

Honeywell International (NASDAQ:HON - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The conglomerate reported $2.75 EPS for the quarter, topping the consensus estimate of $2.66 by $0.09. The company had revenue of $10.35 billion during the quarter, compared to analysts' expectations 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 was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the company 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. Equities analysts predict that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Announces Dividend

The company 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 dividend of $1.13 per share. The ex-dividend date is Friday, August 15th. This represents a $4.52 dividend on an annualized basis and a yield of 2.0%. Honeywell International's payout ratio is currently 51.42%.

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.