Kestra Investment Management LLC Increases Holdings in Honeywell International Inc. $HON

Key Points

• Kestra Investment Management LLC increased its stake in Honeywell International by 53.9% during Q1, bringing its total holdings to 5,058 shares valued at $1,071,000.
• Several analysts have adjusted their price targets for Honeywell, with JPMorgan Chase & Co. raising it from $182 to $217 and maintaining a "neutral" rating, while Barclays increased theirs from $258 to $265 with an "overweight" rating.
• Honeywell International recently announced a quarterly dividend of $1.13 per share, which translates to an annual yield of 2.1% and reflects a dividend payout ratio of 51.42%.

Kestra Investment Management LLC raised its holdings in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 53.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,058 shares of the conglomerate's stock after acquiring an additional 1,771 shares during the period. Kestra Investment Management LLC's holdings in Honeywell International were worth $1,071,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Mpwm Advisory Solutions LLC bought a new stake in Honeywell International in the fourth quarter valued at $29,000. Pandora Wealth Inc. purchased a new position in shares of Honeywell International in the 1st quarter worth about $33,000. 1248 Management LLC purchased a new position in shares of Honeywell International in the 1st quarter worth about $38,000. Stone House Investment Management LLC bought a new stake in Honeywell International in the 1st quarter worth about $41,000. Finally, Quarry LP bought a new stake in Honeywell International in the 1st quarter worth about $41,000. 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 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 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.20% of the company's stock.

Honeywell International Stock Performance

Shares of HON stock traded down $3.85 during mid-day trading on Friday, reaching $211.46. The stock had a trading volume of 3,168,914 shares, compared to its average volume of 3,259,496. The business's fifty day moving average is $223.41 and its 200-day moving average is $217.46. 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 $134.26 billion, a price-to-earnings ratio of 24.06, a PEG ratio of 2.43 and a beta of 1.05. Honeywell International Inc. has a 1-year low of $179.36 and a 1-year high of $242.77.

Honeywell International (NASDAQ:HON - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $10.35 billion for the quarter, compared to analyst estimates of $10.01 billion. Honeywell International had a return on equity of 37.37% and a net margin of 14.30%.The company's revenue was up 8.1% on a year-over-year basis. During the same period 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. On average, research analysts forecast that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 5th. Investors of record on Friday, August 15th were given a dividend of $1.13 per share. The ex-dividend date was 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 (DPR) is presently 51.42%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on HON shares. JPMorgan Chase & Co. boosted their price target on Honeywell International from $182.00 to $217.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. Barclays boosted their price target on Honeywell International from $258.00 to $265.00 and gave the stock an "overweight" rating in a report on Wednesday, July 9th. Mizuho boosted their price target on Honeywell International from $235.00 to $250.00 and gave the stock an "outperform" rating in a report on Friday, May 16th. Royal Bank Of Canada decreased their price objective on Honeywell International from $254.00 to $253.00 and set a "sector perform" rating on the stock in a report on Friday, July 25th. Finally, Citigroup boosted their target price on Honeywell International from $242.00 to $265.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. One 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 stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $254.00.

Honeywell International Company 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.