Honeywell International Inc. $HON Shares Acquired by NovaPoint Capital LLC

Key Points

• NovaPoint Capital LLC increased its stake in Honeywell International by 8.5% during the second quarter, now holding 19,580 shares valued at approximately $4.56 million.
• CEO Lucian Boldea sold 42,149 shares of Honeywell stock, a transaction worth about $9.34 million, significantly decreasing his ownership by 80.31%.
• Honeywell recently raised its quarterly dividend from $1.13 to $1.19 per share, reflecting a 2.3% dividend yield and a payout ratio of 51.42%.

NovaPoint Capital LLC raised its position in Honeywell International Inc. (NASDAQ:HON - Free Report) by 8.5% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 19,580 shares of the conglomerate's stock after buying an additional 1,526 shares during the period. Honeywell International comprises 1.4% of NovaPoint Capital LLC's investment portfolio, making the stock its 27th biggest position. NovaPoint Capital LLC's holdings in Honeywell International were worth $4,560,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Red Door Wealth Management LLC grew its stake in Honeywell International by 2.6% during the 1st quarter. Red Door Wealth Management LLC now owns 29,090 shares of the conglomerate's stock valued at $6,160,000 after acquiring an additional 736 shares in the last quarter. Amundi boosted its holdings in Honeywell International by 30.2% in the 1st quarter. Amundi now owns 519,882 shares of the conglomerate's stock valued at $107,450,000 after purchasing an additional 120,706 shares during the last quarter. Spinnaker Trust lifted its holdings in shares of Honeywell International by 2.4% in the 1st quarter. Spinnaker Trust now owns 11,598 shares of the conglomerate's stock worth $2,456,000 after acquiring an additional 276 shares during the last quarter. Integrated Wealth Concepts LLC increased its stake in Honeywell International by 11.4% during the 1st quarter. Integrated Wealth Concepts LLC now owns 28,502 shares of the conglomerate's stock worth $6,035,000 after buying an additional 2,915 shares during the period. Finally, Beacon Financial Group raised its holdings in shares of Honeywell International by 52.6% in the 1st quarter. Beacon Financial Group now owns 3,759 shares of the conglomerate's stock valued at $796,000 after purchasing an additional 1,295 shares in the last quarter. Hedge funds and other institutional investors own 75.91% of the company's stock.

Insider Activity at Honeywell International

In other news, CEO Lucian Boldea sold 42,149 shares of the business's stock in a transaction on 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 transaction, the chief executive officer directly owned 10,334 shares of the company's stock, valued at approximately $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 SEC, which is available at this hyperlink. Insiders own 0.20% of the company's stock.

Honeywell International Stock Performance

Shares of HON opened at $208.19 on Friday. The stock has a market cap of $132.18 billion, a P/E ratio of 23.68, a PEG ratio of 2.35 and a beta of 1.05. Honeywell International Inc. has a 12-month low of $179.36 and a 12-month high of $242.77. 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 50-day moving average of $217.83 and a two-hundred day moving average of $217.29.

Honeywell International (NASDAQ:HON - Get Free Report) last released its 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. Honeywell International had a net margin of 14.30% and a return on equity of 37.37%. The firm had revenue of $10.35 billion during the quarter, compared to the consensus estimate of $10.01 billion. During the same period in the previous year, the firm earned $2.49 earnings per share. Honeywell International's revenue was up 8.1% compared to the same quarter last year. 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 predict that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Friday, November 14th will be given a dividend of $1.19 per share. This is a boost from Honeywell International's previous quarterly dividend of $1.13. This represents a $4.76 dividend on an annualized basis and a dividend yield of 2.3%. Honeywell International's payout ratio is presently 51.42%.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Royal Bank Of Canada dropped their target price on shares of Honeywell International from $254.00 to $253.00 and set a "sector perform" rating on the stock in a research report on Friday, July 25th. Citigroup raised their price objective 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. Barclays raised their price objective 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. Morgan Stanley raised their target price on shares of Honeywell International from $225.00 to $245.00 and gave the stock an "equal weight" rating in a research note on Monday, July 28th. Finally, Wells Fargo & Company reduced 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 note on Friday, July 25th. One 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. Based on data from MarketBeat.com, Honeywell International currently has a consensus rating of "Moderate Buy" and a consensus price target of $254.00.

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.

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