Iowa State Bank Purchases 5,355 Shares of Honeywell International Inc. $HON

Key Points

• Iowa State Bank has increased its holdings in Honeywell International Inc. by 66.8%, acquiring an additional 5,355 shares, bringing their total to 13,372 shares valued at approximately $3.11 million.
• Honeywell's recent quarterly earnings exceeded expectations, reporting $2.75 earnings per share against a projected $2.66 and total revenues of $10.35 billion, reflecting an 8.1% year-over-year growth.
• The company plans to increase its quarterly dividend to $1.19 per share, marking a rise from the previous $1.13, with the next payout scheduled for December 5th.

Iowa State Bank increased its position in Honeywell International Inc. (NASDAQ:HON - Free Report) by 66.8% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 13,372 shares of the conglomerate's stock after acquiring an additional 5,355 shares during the quarter. Iowa State Bank's holdings in Honeywell International were worth $3,114,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in Honeywell International by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 62,209,455 shares of the conglomerate's stock valued at $13,172,852,000 after acquiring an additional 447,744 shares during the period. Wellington Management Group LLP grew its position 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 purchasing an additional 1,293,137 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of 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 purchasing an additional 505,083 shares during the period. Invesco Ltd. lifted its holdings in 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 purchasing an additional 283,193 shares in the last quarter. Finally, Nuveen LLC bought a new position in Honeywell International in the 1st quarter worth about $1,150,929,000. 75.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Barclays upped their price target on Honeywell International from $258.00 to $265.00 and gave the company an "overweight" rating in a research report on Wednesday, July 9th. 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 note on Thursday. Weiss Ratings restated a "buy (b-)" rating on shares of Honeywell International in a research report on Saturday, September 27th. Morgan Stanley upped their price target 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, Wells Fargo & Company dropped their price objective on Honeywell International from $240.00 to $230.00 and set an "equal weight" rating for the company in a research note on Friday, July 25th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and eight have assigned 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 price target of $254.79.

Insider Buying and Selling

In other Honeywell International news, CEO Lucian Boldea sold 42,149 shares of the business's 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 sale, the chief executive officer directly owned 10,334 shares of the company's stock, valued at $2,289,807.72. The trade was a 80.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.20% of the stock is currently owned by insiders.

Honeywell International Trading Down 0.9%

Shares of HON stock opened at $209.05 on Monday. The business has a 50-day moving average price of $215.63 and a two-hundred day moving average price of $217.45. Honeywell International Inc. has a 12-month low of $179.36 and a 12-month high of $242.77. 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 firm has a market cap of $132.73 billion, a P/E 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 announced its quarterly earnings data on Thursday, July 24th. The conglomerate reported $2.75 earnings per share for the quarter, beating analysts' consensus estimates of $2.66 by $0.09. The company had revenue of $10.35 billion for the quarter, compared to analysts' expectations of $10.01 billion. Honeywell International had a return on equity of 37.37% and a net margin of 14.30%.Honeywell International's revenue for the quarter was up 8.1% compared to the same quarter last year. During the same period last year, the firm posted $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. Equities analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Friday, November 14th will be issued a dividend of $1.19 per share. The ex-dividend date of this dividend is Friday, November 14th. This represents a $4.76 annualized dividend and a dividend yield of 2.3%. This is an increase from Honeywell International's previous quarterly dividend of $1.13. Honeywell International's payout ratio is 54.15%.

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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