Honeywell International Inc. $HON Shares Bought by Vision Capital Management Inc.

Key Points

• Vision Capital Management Inc. increased its stake in Honeywell International Inc. by 3.2% in the 2nd quarter, owning 38,541 shares valued at approximately $8.98 million.
• CEO Lucian Boldea sold 42,149 shares at an average price of $221.58, reducing his ownership in the company by over 80%.
• Honeywell's quarterly earnings showed a profit of $2.75 per share, exceeding estimates and indicating a year-over-year revenue growth of 8.1%.

Vision Capital Management Inc. raised its holdings in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 3.2% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 38,541 shares of the conglomerate's stock after acquiring an additional 1,213 shares during the quarter. Honeywell International makes up 1.2% of Vision Capital Management Inc.'s investment portfolio, making the stock its 21st biggest holding. Vision Capital Management Inc.'s holdings in Honeywell International were worth $8,975,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC lifted its holdings in shares of Honeywell International by 9.1% in the 4th quarter. Brighton Jones LLC now owns 19,047 shares of the conglomerate's stock valued at $4,302,000 after purchasing an additional 1,582 shares during the last quarter. Park Square Financial Group LLC acquired a new position in Honeywell International during the fourth quarter worth approximately $65,000. Wood Tarver Financial Group LLC purchased a new stake in Honeywell International in the fourth quarter valued at approximately $67,000. Copia Wealth Management acquired a new stake in shares of Honeywell International in the fourth quarter valued at approximately $51,000. Finally, Mascagni Wealth Management Inc. purchased a new position in shares of Honeywell International during the fourth quarter worth approximately $84,000. 75.91% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Lucian Boldea sold 42,149 shares of the 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 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.20% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

HON has been the subject of a number of research reports. Wells Fargo & Company reduced their target price on shares of Honeywell International from $240.00 to $230.00 and set an "equal weight" rating for the company in a 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 report on Wednesday, June 4th. Morgan Stanley boosted their target price on Honeywell International from $225.00 to $245.00 and gave the company an "equal weight" rating in a report on Monday, July 28th. Royal Bank Of Canada decreased their price target on Honeywell International from $254.00 to $253.00 and set a "sector perform" rating for the company in a report on Friday, July 25th. Finally, Barclays boosted their price objective on shares of Honeywell International from $258.00 to $265.00 and gave the company an "overweight" rating in a research note on Wednesday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $254.00.

Honeywell International Stock Performance

Shares of HON stock opened at $207.70 on Friday. The stock has a fifty day moving average price of $218.39 and a 200 day moving average price of $217.30. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.97 and a current ratio of 1.29. The stock has a market cap of $131.87 billion, a PE ratio of 23.63, a P/E/G ratio of 2.36 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 released its quarterly earnings results on Thursday, July 24th. The conglomerate reported $2.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.66 by $0.09. The business had revenue of $10.35 billion during the quarter, compared to the consensus estimate of $10.01 billion. Honeywell International had a return on equity of 37.37% and a net margin of 14.30%.The business's revenue was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $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. 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 business also recently declared a quarterly dividend, which was paid on Friday, September 5th. Stockholders of record on Friday, August 15th were issued a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend was Friday, August 15th. Honeywell International's payout ratio is 51.42%.

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.

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