Honeywell International Inc. $HON Shares Sold by MassMutual Private Wealth & Trust FSB

Key Points

• MassMutual Private Wealth & Trust FSB reduced its stake in Honeywell International by 2.9%, now holding 95,513 shares valued at $22.2 million after selling 2,833 shares.
• Several institutional investors, including Vanguard and Wellington Management, have recently increased their positions in Honeywell, indicating ongoing interest from major financial institutions.
• Honeywell reported Q2 earnings of $2.75 per share, surpassing expectations and showing a year-over-year revenue increase of 8.1%, with guidance for FY 2025 set at 10.450-10.650 EPS.

MassMutual Private Wealth & Trust FSB reduced its position in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 2.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 95,513 shares of the conglomerate's stock after selling 2,833 shares during the period. MassMutual Private Wealth & Trust FSB's holdings in Honeywell International were worth $22,243,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in HON. Vanguard Group Inc. lifted its stake in Honeywell International by 0.7% in the first quarter. Vanguard Group Inc. now owns 62,209,455 shares of the conglomerate's stock worth $13,172,852,000 after acquiring an additional 447,744 shares during the last quarter. Wellington Management Group LLP raised its position in Honeywell International by 8.9% during the 1st quarter. Wellington Management Group LLP now owns 15,751,951 shares of the conglomerate's stock worth $3,335,476,000 after buying an additional 1,293,137 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Honeywell International by 9.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 6,038,080 shares of the conglomerate's stock worth $1,278,563,000 after purchasing an additional 505,083 shares during the period. Invesco Ltd. grew its stake in Honeywell International by 5.4% in the 1st quarter. Invesco Ltd. now owns 5,568,610 shares of the conglomerate's stock valued at $1,179,153,000 after acquiring an additional 283,193 shares during the last quarter. Finally, Nuveen LLC acquired a new stake in Honeywell International in the 1st quarter valued at about $1,150,929,000. Institutional investors and hedge funds own 75.91% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Barclays increased their price objective 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 raised their price target on shares of 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 raised their target price on Honeywell International from $225.00 to $245.00 and gave the company an "equal weight" rating in a research note on Monday, July 28th. Wells Fargo & Company cut their price objective 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, Royal Bank Of Canada dropped their price target on Honeywell International from $254.00 to $253.00 and set a "sector perform" rating on the stock in a research note on Friday, July 25th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $254.00.

Honeywell International Price Performance

Shares of HON stock opened at $211.74 on Tuesday. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.97 and a current ratio of 1.29. Honeywell International Inc. has a 52 week low of $179.36 and a 52 week high of $242.77. The stock has a market capitalization of $134.43 billion, a PE ratio of 24.09, a PEG ratio of 2.39 and a beta of 1.05. The stock's fifty day moving average is $222.85 and its 200-day moving average is $217.48.

Honeywell International (NASDAQ:HON - Get Free Report) last released its earnings results on Thursday, July 24th. The conglomerate reported $2.75 earnings per share for the quarter, beating the consensus estimate of $2.66 by $0.09. Honeywell International had a return on equity of 37.37% and a net margin of 14.30%.The firm had revenue of $10.35 billion for the quarter, compared to analyst estimates of $10.01 billion. During the same quarter in the prior year, the firm posted $2.49 earnings per share. The company's quarterly 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. Equities research analysts expect that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 5th. Shareholders of record on Friday, August 15th were paid a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date was Friday, August 15th. Honeywell International's dividend payout ratio (DPR) is currently 51.42%.

Insiders Place Their Bets

In other news, CEO Lucian Boldea sold 42,149 shares of the firm's stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $221.58, for a total value of $9,339,375.42. Following the completion of the sale, the chief executive officer directly 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 filing with the SEC, which is available at this link. 0.41% of the stock is currently owned by corporate insiders.

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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