Integrated Wealth Concepts LLC Grows Stake in Honeywell International Inc. $HON

Key Points

• Integrated Wealth Concepts LLC increased its stake in Honeywell International by 11.4%, owning 28,502 shares valued at $6,035,000 as of the last reporting period.
• Honeywell reported a quarterly earnings per share of $2.75, exceeding analysts' expectations, with revenue increasing 8.1% year-over-year to $10.35 billion.
• Honeywell declared a quarterly dividend of $1.13 per share, resulting in an annualized dividend yield of 2.1% and a payout ratio of 51.42%.

Integrated Wealth Concepts LLC grew its stake in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 11.4% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 28,502 shares of the conglomerate's stock after purchasing an additional 2,915 shares during the period. Integrated Wealth Concepts LLC's holdings in Honeywell International were worth $6,035,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Nuveen LLC purchased a new position in shares of Honeywell International during the 1st quarter worth $1,150,929,000. GAMMA Investing LLC raised its position in Honeywell International by 20,894.0% in the first quarter. GAMMA Investing LLC now owns 1,326,614 shares of the conglomerate's stock valued at $2,809,110,000 after purchasing an additional 1,320,295 shares during the period. Wellington Management Group LLP boosted its stake in shares of Honeywell International by 8.9% during 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 buying an additional 1,293,137 shares during the last quarter. Alliancebernstein L.P. increased its holdings in Honeywell International by 64.6% in the first quarter. Alliancebernstein L.P. now owns 2,652,344 shares of the conglomerate's stock valued at $561,634,000 after buying an additional 1,041,273 shares during the last quarter. Finally, Vista Cima Wealth Management LLC acquired a new stake in Honeywell International in the first quarter worth $164,000. Institutional investors and hedge funds own 75.91% of the company's stock.

Insider Activity

In related news, CEO Lucian Boldea sold 42,149 shares of Honeywell International 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 completion of the transaction, the chief executive officer owned 10,334 shares of the company's stock, valued at $2,289,807.72. This trade represents a 80.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.20% of the company's stock.

Analyst Ratings Changes

A number of research firms have weighed in on HON. Royal Bank Of Canada cut their target price on 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. Citigroup increased their price objective on Honeywell International from $242.00 to $265.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Wall Street Zen raised Honeywell International from a "hold" rating to a "buy" rating in a research note on Thursday, May 15th. Wells Fargo & Company dropped their price target on shares of Honeywell International from $240.00 to $230.00 and set an "equal weight" rating on the stock in a research note on Friday, July 25th. Finally, Mizuho lifted their target price on Honeywell International from $235.00 to $250.00 and gave the stock an "outperform" rating in a research report on Friday, May 16th. 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's stock. According to MarketBeat, Honeywell International has a consensus rating of "Moderate Buy" and a consensus price target of $254.00.

Honeywell International Stock Up 1.7%

HON traded up $3.66 during trading on Thursday, hitting $215.36. The company had a trading volume of 2,996,170 shares, compared to its average volume of 3,999,369. The firm's 50-day moving average price is $224.49 and its 200 day moving average price is $217.38. Honeywell International Inc. has a one year low of $179.36 and a one year high of $242.77. The company has a quick ratio of 0.97, a current ratio of 1.29 and a debt-to-equity ratio of 1.81. The company has a market capitalization of $136.73 billion, a PE ratio of 24.48, a PEG ratio of 2.42 and a beta of 1.05.

Honeywell International (NASDAQ:HON - Get Free Report) last issued 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. The company had revenue of $10.35 billion for 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 quarterly revenue was up 8.1% compared to the same quarter last year. During the same period in the prior year, the firm 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. As a group, equities analysts expect that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 5th. Shareholders 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 yield of 2.1%. Honeywell International's dividend payout ratio (DPR) 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.