Honeywell International Inc. $HON Stake Lessened by Strategic Financial Services Inc.

Key Points

• Strategic Financial Services Inc. significantly reduced its stake in Honeywell International by 82.2%, now holding only 1,195 shares valued at $253,000 after selling 5,504 shares in the first quarter.
• Several institutional investors, including Nuveen LLC and GAMMA Investing LLC, have increased their positions in Honeywell, with GAMMA boosting its holdings by 20,894% to 1,326,614 shares worth approximately $2.8 billion.
• Honeywell International reported a quarterly earnings beat with $2.75 EPS against an estimate of $2.66, and an annualized dividend of $4.52 with a yield of 2.1% was also recently announced.

Strategic Financial Services Inc. cut its stake in Honeywell International Inc. (NASDAQ:HON - Free Report) by 82.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,195 shares of the conglomerate's stock after selling 5,504 shares during the period. Strategic Financial Services Inc.'s holdings in Honeywell International were worth $253,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in HON. Nuveen LLC bought a new position in shares of Honeywell International in the first quarter valued at approximately $1,150,929,000. GAMMA Investing LLC boosted its holdings in shares of Honeywell International by 20,894.0% in the first quarter. GAMMA Investing LLC now owns 1,326,614 shares of the conglomerate's stock valued at $2,809,110,000 after acquiring an additional 1,320,295 shares in the last quarter. Wellington Management Group LLP boosted its holdings in shares of Honeywell International by 8.9% in the first quarter. Wellington Management Group LLP now owns 15,751,951 shares of the conglomerate's stock valued at $3,335,476,000 after acquiring an additional 1,293,137 shares in the last quarter. Alliancebernstein L.P. boosted its holdings in shares of Honeywell International by 64.6% in the first quarter. Alliancebernstein L.P. now owns 2,652,344 shares of the conglomerate's stock valued at $561,634,000 after acquiring an additional 1,041,273 shares in the last quarter. Finally, Vista Cima Wealth Management LLC bought a new position in shares of Honeywell International in the first quarter valued at approximately $164,000. 75.91% of the stock is currently owned by institutional investors.

Insider Transactions at Honeywell International

In other Honeywell International news, CEO Lucian Boldea sold 42,149 shares of the stock in a transaction that occurred 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 sale, the chief executive officer owned 10,334 shares in the company, valued at $2,289,807.72. This represents a 80.31% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.20% of the stock is currently owned by insiders.

Honeywell International Stock Down 1.2%

Shares of NASDAQ:HON opened at $211.70 on Thursday. 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 company has a market cap of $134.41 billion, a PE ratio of 24.08, a price-to-earnings-growth ratio of 2.42 and a beta of 1.05. Honeywell International Inc. has a 52 week low of $179.36 and a 52 week high of $242.77. The firm has a 50 day simple moving average of $224.49 and a 200 day simple moving average of $217.38.

Honeywell International (NASDAQ:HON - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The conglomerate reported $2.75 EPS for the quarter, beating 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 net margin of 14.30% and a return on equity of 37.37%. The firm's quarterly revenue was up 8.1% on a year-over-year basis. During the same quarter in the prior year, the firm 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, research analysts expect 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 was paid on Friday, September 5th. Shareholders of record on Friday, August 15th were given a $1.13 dividend. The ex-dividend date 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%.

Analyst Ratings Changes

Several research firms have recently issued reports on HON. Royal Bank Of Canada decreased their price objective 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. Mizuho raised their target price on shares of Honeywell International from $235.00 to $250.00 and gave the stock an "outperform" rating in a report on Friday, May 16th. Citigroup raised 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. Morgan Stanley raised their target price on shares of Honeywell International from $225.00 to $245.00 and gave the stock an "equal weight" rating in a report on Monday, July 28th. Finally, Wall Street Zen upgraded shares of Honeywell International from a "hold" rating to a "buy" rating in a report on Thursday, May 15th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eight have given a Hold rating to the company's stock. According to MarketBeat.com, Honeywell International has an average rating of "Moderate Buy" and a consensus target price of $254.00.

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.

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