Honeywell International Inc. $HON Stake Reduced by Slow Capital Inc.

Key Points

• Slow Capital Inc. reduced its stake in Honeywell International by 13.7% in Q2, owning 13,572 shares valued at approximately $3.16 million post-sale.
• Honeywell's CEO, Lucian Boldea, sold 42,149 shares for over $9.3 million, reducing his position by 80.31%.
• The company announced a quarterly dividend increase to $1.19, marking the first increase from a previous $1.13 dividend, with a yield of 2.3%.

Slow Capital Inc. reduced its holdings in Honeywell International Inc. (NASDAQ:HON - Free Report) by 13.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,572 shares of the conglomerate's stock after selling 2,146 shares during the quarter. Slow Capital Inc.'s holdings in Honeywell International were worth $3,161,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Chung Wu Investment Group LLC bought a new position in shares of Honeywell International in the second quarter valued at $26,000. RMG Wealth Management LLC purchased a new stake in Honeywell International during the second quarter valued at about $33,000. Pandora Wealth Inc. purchased a new position in Honeywell International during the 1st quarter worth approximately $33,000. Dogwood Wealth Management LLC lifted its holdings in shares of Honeywell International by 143.9% in the second quarter. Dogwood Wealth Management LLC now owns 161 shares of the conglomerate's stock valued at $39,000 after purchasing an additional 95 shares in the last quarter. Finally, 1248 Management LLC acquired a new stake in Honeywell International during the 1st quarter worth about $38,000. 75.91% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Lucian Boldea sold 42,149 shares of the stock in a transaction 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 transaction, the chief executive officer owned 10,334 shares in the company, valued at approximately $2,289,807.72. This represents a 80.31% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.41% of the stock is owned by corporate insiders.

Honeywell International Price Performance

Shares of Honeywell International stock opened at $209.00 on Tuesday. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.29 and a quick ratio of 0.97. Honeywell International Inc. has a fifty-two week low of $179.36 and a fifty-two week high of $242.77. The firm has a fifty day moving average price of $215.31 and a two-hundred day moving average price of $217.44. The company has a market cap of $132.69 billion, a PE ratio of 23.78, a price-to-earnings-growth ratio of 2.34 and a beta of 1.06.

Honeywell International (NASDAQ:HON - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The conglomerate reported $2.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.66 by $0.09. Honeywell International had a net margin of 14.30% and a return on equity of 37.37%. The company had revenue of $10.35 billion for the quarter, compared to the consensus estimate of $10.01 billion. During the same quarter in the previous year, the firm posted $2.49 EPS. The business's revenue was up 8.1% compared to the same quarter last year. Honeywell International has set its FY 2025 guidance at 10.450-10.650 EPS. Q3 2025 guidance at 2.500-2.600 EPS. Analysts expect that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Increases Dividend

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

Analysts Set New Price Targets

A number of research firms have issued reports on HON. Deutsche Bank Aktiengesellschaft increased their target price on shares of Honeywell International from $268.00 to $271.00 and gave the stock a "buy" rating in a research report on Thursday, October 2nd. Barclays boosted their target price on Honeywell International from $258.00 to $265.00 and gave the company an "overweight" rating in a research note on Wednesday, July 9th. Royal Bank Of Canada dropped their target price on Honeywell International from $254.00 to $253.00 and set a "sector perform" rating on the stock in a research report on Friday, July 25th. Weiss Ratings reiterated a "buy (b-)" rating on shares of Honeywell International in a research note on Saturday, September 27th. Finally, Wells Fargo & Company decreased their target price on shares of Honeywell International from $230.00 to $220.00 and set an "equal weight" rating for the company in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $254.07.

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.

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