J. Stern & Co. LLP Raises Stake in Honeywell International Inc. $HON

Key Points

• J. Stern & Co. LLP increased its stake in Honeywell International Inc. by 9.8%, owning a total of 262,799 shares, which represents about 5.3% of its investment portfolio.
• Analysts have mixed ratings on Honeywell, with one strong buy, eight buy, and eight hold ratings; the average price target is $254.00.
• Honeywell reported a quarterly earnings per share (EPS) of $2.75, exceeding estimates, and plans to pay a quarterly dividend of $1.13 on September 5th.

J. Stern & Co. LLP raised its position in Honeywell International Inc. (NASDAQ:HON - Free Report) by 9.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 262,799 shares of the conglomerate's stock after purchasing an additional 23,525 shares during the quarter. Honeywell International accounts for about 5.3% of J. Stern & Co. LLP's holdings, making the stock its 7th biggest holding. J. Stern & Co. LLP's holdings in Honeywell International were worth $55,648,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of HON. Mpwm Advisory Solutions LLC bought a new position in Honeywell International in the fourth quarter valued at about $29,000. Pandora Wealth Inc. bought a new stake in Honeywell International in the first quarter worth approximately $33,000. Accredited Wealth Management LLC bought a new stake in Honeywell International in the fourth quarter worth approximately $34,000. Banque de Luxembourg S.A. bought a new stake in Honeywell International in the fourth quarter worth approximately $38,000. Finally, Stone House Investment Management LLC bought a new stake in Honeywell International in the first quarter worth approximately $41,000. 75.91% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

HON has been the subject of a number of research analyst reports. Citigroup lifted their target price on Honeywell International from $242.00 to $265.00 and gave the stock a "buy" rating in a report 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. JPMorgan Chase & Co. raised their price objective on Honeywell International from $182.00 to $217.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. Wells Fargo & Company reduced their price objective on 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. Finally, Royal Bank Of Canada reduced their price objective on Honeywell International from $254.00 to $253.00 and set a "sector perform" rating for the company in a research note on Friday, July 25th. 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. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $254.00.

Honeywell International Stock Down 0.8%

Shares of NASDAQ:HON traded down $1.85 during mid-day trading on Friday, hitting $219.50. 1,991,059 shares of the company traded hands, compared to its average volume of 3,115,309. The stock has a market cap of $139.36 billion, a P/E ratio of 24.97, a P/E/G ratio of 2.48 and a beta of 1.08. The company has a current ratio of 1.29, a quick ratio of 0.97 and a debt-to-equity ratio of 1.81. Honeywell International Inc. has a 12-month low of $179.36 and a 12-month high of $242.77. The stock has a 50-day moving average price of $226.81 and a two-hundred day moving average price of $217.03.

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 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%.Honeywell International's quarterly revenue was up 8.1% compared to the same quarter last year. During the same period last 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. On average, equities research analysts forecast that Honeywell International Inc. will post 10.34 earnings per share for the current 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 issued 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 is Friday, August 15th. Honeywell International's dividend payout ratio (DPR) is 51.42%.

Insider Buying and Selling

In related 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 transaction of $9,339,375.42. Following the sale, the chief executive officer directly owned 10,334 shares in the company, valued at approximately $2,289,807.72. This trade represents a 80.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.20% of the company's stock.

About Honeywell International

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.