Honeywell International Inc. $HON Stake Raised by Capital Investment Advisors LLC

Key Points

• Capital Investment Advisors LLC has increased its holdings in Honeywell International Inc. by 5.6%, bringing its total shares to 141,851, valued at approximately $33.03 million.
• Honeywell International recently announced an increase in its quarterly dividend to $1.19 per share, with a dividend yield of 2.3% and a payout ratio of 51.42%.
• According to various research analysts, Honeywell's price targets have been revised, with Citigroup raising their price objective to $265, reflecting a generally optimistic outlook for the stock.

Capital Investment Advisors LLC boosted its holdings in Honeywell International Inc. (NASDAQ:HON - Free Report) by 5.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 141,851 shares of the conglomerate's stock after acquiring an additional 7,559 shares during the quarter. Capital Investment Advisors LLC's holdings in Honeywell International were worth $33,034,000 at the end of the most recent quarter.

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

Honeywell International Stock Up 0.5%

HON stock opened at $209.28 on Tuesday. 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 firm has a market cap of $132.87 billion, a PE ratio of 23.81, a PEG ratio of 2.35 and a beta of 1.05. Honeywell International Inc. has a 1 year low of $179.36 and a 1 year high of $242.77. The company has a fifty day simple moving average of $217.31 and a 200 day simple moving average of $217.44.

Honeywell International (NASDAQ:HON - Get Free Report) last announced its earnings results on Thursday, July 24th. The conglomerate reported $2.75 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $10.01 billion. During the same quarter in the prior year, the business earned $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. Sell-side analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Friday, November 14th will be paid a $1.19 dividend. The ex-dividend date is Friday, November 14th. This is a boost from Honeywell International's previous quarterly dividend of $1.13. This represents a $4.76 annualized dividend and a dividend yield of 2.3%. Honeywell International's dividend payout ratio is 51.42%.

Analysts Set New Price Targets

A number of research analysts recently commented on HON shares. Morgan Stanley raised their price objective on shares of 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 lowered their price target on Honeywell International from $240.00 to $230.00 and set an "equal weight" rating on the stock in a research report on Friday, July 25th. Citigroup upped their price objective on Honeywell International from $242.00 to $265.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. Royal Bank Of Canada lowered their target price 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. Finally, Barclays upped their price target on shares of Honeywell International from $258.00 to $265.00 and gave the company an "overweight" rating in a report on Wednesday, July 9th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $254.00.

Insiders Place Their Bets

In other Honeywell International news, CEO Lucian Boldea sold 42,149 shares of the company'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 transaction, the chief executive officer owned 10,334 shares of the company's stock, valued at $2,289,807.72. This represents a 80.31% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.20% of the stock is currently owned by company 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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