NFJ Investment Group LLC Sells 14,197 Shares of Honeywell International Inc. $HON

Key Points

• NFJ Investment Group LLC reduced its holdings in Honeywell International by 7.2%, bringing it to a total of 183,199 shares worth approximately $38.79 million.
• Honeywell International reported a quarterly earnings growth, with EPS of $2.75, exceeding analysts' expectations of $2.66.
• The company announced a quarterly dividend of $1.13 per share, yielding 2.1%, with an ex-dividend date set for August 15th.

NFJ Investment Group LLC trimmed its holdings in Honeywell International Inc. (NASDAQ:HON - Free Report) by 7.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 183,199 shares of the conglomerate's stock after selling 14,197 shares during the period. Honeywell International comprises about 1.3% of NFJ Investment Group LLC's holdings, making the stock its 21st largest position. NFJ Investment Group LLC's holdings in Honeywell International were worth $38,792,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in HON. Mpwm Advisory Solutions LLC purchased a new stake in shares of Honeywell International in the fourth quarter valued at about $29,000. Pandora Wealth Inc. purchased a new stake in shares of Honeywell International in the first quarter valued at about $33,000. 1248 Management LLC purchased a new stake in shares of Honeywell International in the first quarter valued at about $38,000. Quarry LP purchased a new stake in shares of Honeywell International in the first quarter valued at about $41,000. Finally, Stone House Investment Management LLC purchased a new stake in shares of Honeywell International in the first quarter valued at about $41,000. 75.91% of the stock is owned by institutional investors.

Honeywell International Stock Performance

NASDAQ HON traded down $0.91 during trading hours on Friday, reaching $214.25. 4,104,308 shares of the company were exchanged, compared to its average volume of 3,058,853. Honeywell International Inc. has a 1 year low of $179.36 and a 1 year high of $242.77. The business's 50 day simple moving average is $225.90 and its 200-day simple moving average is $217.42. The company has a quick ratio of 0.97, a current ratio of 1.29 and a debt-to-equity ratio of 1.81. The stock has a market capitalization of $136.03 billion, a P/E ratio of 24.37, a P/E/G ratio of 2.42 and a beta of 1.05.

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 analysts' consensus estimates 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% compared to the same quarter last year. During the same quarter last year, the company posted $2.49 earnings per share. Honeywell International has set its FY 2025 guidance at 10.450-10.650 EPS. Q3 2025 guidance at 2.500-2.600 EPS. On average, equities research analysts expect that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Dividend Announcement

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

Insider Buying and Selling at Honeywell International

In other news, CEO Lucian Boldea sold 42,149 shares of Honeywell International stock in a transaction dated 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 $2,289,807.72. This trade represents a 80.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.41% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

HON has been the subject of several analyst reports. Wall Street Zen upgraded shares of Honeywell International from a "hold" rating to a "buy" rating in a report on Thursday, May 15th. Citigroup increased their target price on shares of 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 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 price objective 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. Finally, Morgan Stanley raised their price objective 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. One investment 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 company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $254.00.

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.