IMS Capital Management Invests $333,000 in Honeywell International Inc. $HON

Key Points

• IMS Capital Management invested approximately $333,000 in Honeywell International Inc. by acquiring 1,429 shares in the second quarter.
• Honeywell's CEO, Lucian Boldea, sold 42,149 shares of the company, reducing his ownership by 80.31%, resulting in a remaining stake valued at around $2.29 million.
• The company recently declared a quarterly dividend of $1.13 per share, leading to an annualized dividend yield of 2.2%.

IMS Capital Management bought a new position in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,429 shares of the conglomerate's stock, valued at approximately $333,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Red Door Wealth Management LLC increased its stake in shares of Honeywell International by 2.6% during the first quarter. Red Door Wealth Management LLC now owns 29,090 shares of the conglomerate's stock worth $6,160,000 after purchasing an additional 736 shares in the last quarter. Amundi increased its stake in shares of Honeywell International by 30.2% during the first quarter. Amundi now owns 519,882 shares of the conglomerate's stock worth $107,450,000 after purchasing an additional 120,706 shares in the last quarter. Spinnaker Trust increased its stake in shares of Honeywell International by 2.4% during the first quarter. Spinnaker Trust now owns 11,598 shares of the conglomerate's stock worth $2,456,000 after purchasing an additional 276 shares in the last quarter. Integrated Wealth Concepts LLC increased its stake in shares of Honeywell International by 11.4% during the first quarter. Integrated Wealth Concepts LLC now owns 28,502 shares of the conglomerate's stock worth $6,035,000 after purchasing an additional 2,915 shares in the last quarter. Finally, Beacon Financial Group increased its stake in shares of Honeywell International by 52.6% during the first quarter. Beacon Financial Group now owns 3,759 shares of the conglomerate's stock worth $796,000 after purchasing an additional 1,295 shares in the last quarter. Hedge funds and other institutional investors own 75.91% of the company's stock.

Insider Activity 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 sale, the chief executive officer directly owned 10,334 shares of the company's stock, valued at approximately $2,289,807.72. This represents a 80.31% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 0.41% of the company's stock.

Honeywell International Price Performance

Shares of HON opened at $209.31 on Wednesday. Honeywell International Inc. has a fifty-two week low of $179.36 and a fifty-two week high of $242.77. The firm's 50 day moving average price is $219.57 and its 200 day moving average price is $217.40. The company has a market cap of $132.89 billion, a P/E ratio of 23.81, a PEG ratio of 2.36 and a beta of 1.05. 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 (NASDAQ:HON - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The conglomerate reported $2.75 EPS for the quarter, beating analysts' consensus estimates 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 period in the prior year, the firm posted $2.49 EPS. The company's quarterly 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. On average, research analysts forecast that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The company also recently disclosed 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 of this dividend was Friday, August 15th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.2%. Honeywell International's dividend payout ratio is currently 51.42%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on HON. Morgan Stanley boosted their target price on shares of Honeywell International from $225.00 to $245.00 and gave the stock an "equal weight" rating in a research note on Monday, July 28th. Barclays boosted their target price on shares of Honeywell International from $258.00 to $265.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 9th. Wells Fargo & Company lowered their price target on shares of 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 boosted their price target on shares of Honeywell International from $242.00 to $265.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Finally, Royal Bank Of Canada lowered their price target on shares of 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. 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 stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average 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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