Per Stirling Capital Management LLC. Has $1.41 Million Stock Position in Honeywell International Inc. $HON

Key Points

• Per Stirling Capital Management LLC has reduced its stake in Honeywell International Inc. by 16.3%, holding now 6,655 shares valued at approximately $1,409,000.
• Honeywell recently reported a quarterly EPS of $2.75, beating estimates, with a revenue of $10.35 billion for the quarter.
• The company announced a quarterly dividend of $1.13 per share, representing an annualized yield of 2.0%, with an expected ex-dividend date of August 15th.

Per Stirling Capital Management LLC. trimmed its position in Honeywell International Inc. (NASDAQ:HON - Free Report) by 16.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 6,655 shares of the conglomerate's stock after selling 1,294 shares during the quarter. Per Stirling Capital Management LLC.'s holdings in Honeywell International were worth $1,409,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the company. Mpwm Advisory Solutions LLC bought a new stake in Honeywell International in the 4th quarter valued at $29,000. Pandora Wealth Inc. bought a new stake in shares of Honeywell International during the 1st quarter worth about $33,000. Accredited Wealth Management LLC bought a new stake in shares of Honeywell International during the 4th quarter worth about $34,000. Banque de Luxembourg S.A. bought a new stake in shares of Honeywell International during the 4th quarter worth about $38,000. Finally, Stone House Investment Management LLC bought a new stake in shares of Honeywell International during the 1st quarter worth about $41,000. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Honeywell International Price Performance

Shares of NASDAQ:HON traded down $1.85 during trading on Friday, reaching $219.50. 1,991,059 shares of the company traded hands, compared to its average volume of 3,115,309. The company's 50 day moving average is $226.81 and its two-hundred day moving average is $217.03. The firm has a market capitalization of $139.36 billion, a PE ratio of 24.97, a PEG ratio of 2.48 and a beta of 1.08. 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 Inc. has a 52 week low of $179.36 and a 52 week high of $242.77.

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 analysts' consensus estimates of $2.66 by $0.09. The firm 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 company's revenue was up 8.1% compared to the same quarter last year. During the same period in the prior 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. As a group, sell-side analysts predict that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 5th. Stockholders of record on Friday, August 15th will be given a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Friday, August 15th. Honeywell International's dividend payout ratio is presently 51.42%.

Insider Activity at Honeywell International

In other news, CEO Lucian Boldea sold 42,149 shares of the business's 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 completion of the transaction, the chief executive officer owned 10,334 shares of the company's stock, valued at approximately $2,289,807.72. The trade was a 80.31% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.20% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on HON. Bank of America raised Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 price objective on the stock in a report on Wednesday, May 7th. Wall Street Zen raised Honeywell International from a "hold" rating to a "buy" rating in a report on Thursday, May 15th. Mizuho upped their price objective on Honeywell International from $235.00 to $250.00 and gave the company an "outperform" rating in a report on Friday, May 16th. Morgan Stanley upped 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. Finally, Royal Bank Of Canada decreased their price objective on Honeywell International from $254.00 to $253.00 and set a "sector perform" rating on the stock in a report on Friday, July 25th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, Honeywell International presently has an average rating of "Moderate Buy" and a consensus price target of $254.00.

Honeywell International 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.