Flputnam Investment Management Co. Sells 2,120 Shares of Honeywell International Inc. $HON

Key Points

• Flputnam Investment Management Co. reduced its stake in Honeywell International by 4.4%, holding 45,796 shares worth approximately $9.69 million after selling 2,120 shares in the first quarter.
• Honeywell's recent quarterly earnings exceeded expectations, reporting $2.75 EPS compared to an anticipated $2.66, and a revenue of $10.35 billion, marking an 8.1% year-over-year increase.
• The company announced a quarterly dividend of $1.13 per share, set to be paid on September 5th, reflecting a 2.1% yield based on its annualized dividend payout.

Flputnam Investment Management Co. decreased its holdings in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 4.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,796 shares of the conglomerate's stock after selling 2,120 shares during the quarter. Flputnam Investment Management Co.'s holdings in Honeywell International were worth $9,693,000 at the end of the most recent quarter.

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

Insider Transactions at Honeywell International

In related news, CEO Lucian Boldea sold 42,149 shares of the business's stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $221.58, for a total transaction of $9,339,375.42. Following the sale, the chief executive officer owned 10,334 shares of the company's stock, 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 legal filing with the SEC, which is available at this link. 0.41% of the stock is currently owned by company insiders.

Honeywell International Trading Up 0.5%

HON stock traded up $1.16 during trading on Thursday, reaching $215.16. The company had a trading volume of 4,546,137 shares, compared to its average volume of 4,006,272. Honeywell International Inc. has a 52 week low of $179.36 and a 52 week high of $242.77. The company has a market cap of $136.61 billion, a P/E ratio of 24.48, a PEG ratio of 2.48 and a beta of 1.05. The business has a 50 day moving average of $226.41 and a 200 day moving average of $217.21. 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 (NASDAQ:HON - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The conglomerate reported $2.75 earnings per share for the quarter, beating the consensus estimate of $2.66 by $0.09. The company 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 firm's revenue was up 8.1% on a year-over-year basis. During the same period in the previous 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, sell-side analysts forecast that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 5th. Investors of record on Friday, August 15th will be given a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Friday, August 15th. Honeywell International's dividend payout ratio (DPR) is 51.42%.

Analysts Set New Price Targets

HON has been the topic of a number of research reports. Bank of America raised Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 price objective on the stock in a report on Wednesday, May 7th. Wells Fargo & Company decreased their price objective 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. Barclays raised their price objective on 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 Honeywell International from $242.00 to $265.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. Finally, Royal Bank Of Canada cut 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. One 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 company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target 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.