Ashton Thomas Private Wealth LLC Sells 3,370 Shares of Honeywell International Inc. $HON

Key Points

• Ashton Thomas Private Wealth LLC reduced its stake in Honeywell International by 14.2%, lowering their holdings to 20,375 shares, valued at approximately $4.31 million.
• CEO Lucian Boldea sold 42,149 shares at an average price of $221.58, leading to an 80.31% decrease in his ownership, now totaling only 10,334 shares.
• Honeywell reported a quarterly earnings per share (EPS) of $2.75, exceeding estimates by $0.09, with year-over-year revenue growth of 8.1%.

Ashton Thomas Private Wealth LLC lessened its stake in Honeywell International Inc. (NASDAQ:HON - Free Report) by 14.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,375 shares of the conglomerate's stock after selling 3,370 shares during the period. Ashton Thomas Private Wealth LLC's holdings in Honeywell International were worth $4,314,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Red Door Wealth Management LLC raised its position in Honeywell International by 2.6% in the 1st quarter. Red Door Wealth Management LLC now owns 29,090 shares of the conglomerate's stock worth $6,160,000 after purchasing an additional 736 shares during the last quarter. Amundi raised its position in Honeywell International by 30.2% in the 1st quarter. Amundi now owns 519,882 shares of the conglomerate's stock worth $107,450,000 after purchasing an additional 120,706 shares during the last quarter. Spinnaker Trust raised its position in 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 purchasing an additional 276 shares during the last quarter. Integrated Wealth Concepts LLC raised its position in Honeywell International by 11.4% in the 1st quarter. Integrated Wealth Concepts LLC now owns 28,502 shares of the conglomerate's stock worth $6,035,000 after purchasing an additional 2,915 shares during the last quarter. Finally, Beacon Financial Group raised its position in Honeywell International by 52.6% in the 1st quarter. Beacon Financial Group now owns 3,759 shares of the conglomerate's stock worth $796,000 after purchasing an additional 1,295 shares during the last quarter. Institutional investors own 75.91% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have commented on HON shares. Barclays lifted their target price on shares of Honeywell International from $258.00 to $265.00 and gave the stock an "overweight" rating in a report on Wednesday, July 9th. Citigroup lifted their target price on shares of Honeywell International from $242.00 to $265.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Wells Fargo & Company lowered 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. Morgan Stanley boosted their price target on shares of Honeywell International from $225.00 to $245.00 and gave the company an "equal weight" rating in a report on Monday, July 28th. Finally, Royal Bank Of Canada decreased 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 report on Friday, July 25th. 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 company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $254.00.

Honeywell International Trading Down 1.8%

Shares of HON stock traded down $3.85 on Friday, hitting $211.46. The stock had a trading volume of 3,168,914 shares, compared to its average volume of 3,280,895. Honeywell International Inc. has a twelve month low of $179.36 and a twelve month high of $242.77. The firm has a market cap of $134.26 billion, a P/E ratio of 24.06, a PEG ratio of 2.39 and a beta of 1.05. 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 fifty day moving average price of $223.41 and a two-hundred day moving average price of $217.49.

Honeywell International (NASDAQ:HON - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The conglomerate reported $2.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.66 by $0.09. The company had revenue of $10.35 billion during the quarter, compared to analyst estimates of $10.01 billion. Honeywell International had a net margin of 14.30% and a return on equity of 37.37%. The firm's revenue was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the business 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, 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 announced a quarterly dividend, which was paid on Friday, September 5th. Investors of record on Friday, August 15th were paid a $1.13 dividend. The ex-dividend date of this dividend 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 is presently 51.42%.

Insiders Place Their Bets

In related news, CEO Lucian Boldea sold 42,149 shares of the company's stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $221.58, for a total value of $9,339,375.42. Following the completion of the transaction, the chief executive officer directly owned 10,334 shares of the company's stock, valued at approximately $2,289,807.72. This represents a 80.31% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.20% of the company's stock.

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.