Chesley Taft & Associates LLC Sells 1,923 Shares of Honeywell International Inc. $HON

Key Points

• Chesley Taft & Associates LLC reduced its holdings in Honeywell International by 1.9%, selling 1,923 shares, and now possesses approximately 99,697 shares valued at $23.2 million.
• Numerous institutional investors have significantly increased their stakes, with GAMMA Investing LLC raising its ownership by 20,894%, acquiring over 1.3 million shares valued at roughly $2.81 billion.
• Honeywell reported a Q2 earnings per share (EPS) of $2.75, surpassing the expected $2.66, while also setting a dividend of $1.13 per share, reflecting a yield of 2.1%.

Chesley Taft & Associates LLC lowered its holdings in Honeywell International Inc. (NASDAQ:HON - Free Report) by 1.9% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 99,697 shares of the conglomerate's stock after selling 1,923 shares during the period. Honeywell International comprises 1.0% of Chesley Taft & Associates LLC's portfolio, making the stock its 26th largest position. Chesley Taft & Associates LLC's holdings in Honeywell International were worth $23,218,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Brighton Jones LLC boosted its position in Honeywell International by 9.1% during the fourth 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. Silvercrest Asset Management Group LLC grew its stake in shares of Honeywell International by 10.2% in the 4th quarter. Silvercrest Asset Management Group LLC now owns 15,334 shares of the conglomerate's stock valued at $3,464,000 after purchasing an additional 1,415 shares during the period. Vident Advisory LLC boosted its holdings in shares of Honeywell International by 0.9% in the 4th quarter. Vident Advisory LLC now owns 15,134 shares of the conglomerate's stock worth $3,419,000 after acquiring an additional 129 shares in the last quarter. Zurich Insurance Group Ltd FI lifted its stake in shares of Honeywell International by 2,458.8% in the 4th quarter. Zurich Insurance Group Ltd FI now owns 235,414 shares of the conglomerate's stock valued at $53,178,000 after purchasing an additional 226,214 shares during the period. Finally, Waverly Advisors LLC increased its position in shares of Honeywell International by 26.9% in the 4th quarter. Waverly Advisors LLC now owns 18,028 shares of the conglomerate's stock valued at $4,072,000 after buying an additional 3,825 shares in the last quarter. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Morgan Stanley raised their price objective on Honeywell International from $225.00 to $245.00 and gave the company an "equal weight" rating in a report on Monday, July 28th. Wells Fargo & Company reduced their price target on Honeywell International from $240.00 to $230.00 and set an "equal weight" rating for the company in a report on Friday, July 25th. Royal Bank Of Canada reduced 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. Barclays lifted their price target on Honeywell International from $258.00 to $265.00 and gave the stock an "overweight" rating in a report on Wednesday, July 9th. Finally, Citigroup lifted their price target on Honeywell International from $242.00 to $265.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and eight have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $254.00.

Insider Buying and Selling at Honeywell International

In related 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 owned 10,334 shares in the company, valued at $2,289,807.72. The trade was a 80.31% decrease in their position. 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.

Honeywell International Price Performance

Shares of NASDAQ HON traded down $0.83 during midday trading on Friday, reaching $209.37. 11,004,750 shares of the company were exchanged, compared to its average volume of 3,468,831. The stock's 50-day moving average price is $220.67 and its 200-day moving average price is $217.40. The stock has a market cap of $132.93 billion, a P/E ratio of 23.82, a PEG ratio of 2.37 and a beta of 1.05. 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.

Honeywell International (NASDAQ:HON - Get Free Report) last posted its earnings results on Thursday, July 24th. The conglomerate reported $2.75 earnings per share for the quarter, topping 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 for the quarter, compared to analysts' expectations of $10.01 billion. During the same quarter in the previous year, the firm posted $2.49 earnings per share. The company's revenue was up 8.1% on a year-over-year basis. 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, sell-side analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 5th. Shareholders of record on Friday, August 15th were issued a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date was Friday, August 15th. Honeywell International's dividend payout ratio is presently 51.42%.

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.