25,084 Shares in Honeywell International Inc. $HON Acquired by Ironvine Capital Partners LLC

Key Points

• Ironvine Capital Partners LLC invested $5.31 million in Honeywell International, acquiring 25,084 shares of the company during the first quarter.
• Honeywell's price targets were raised by multiple analysts, with Citigroup now targeting $265 and JPMorgan increasing their target to $217, reflecting a positive sentiment about the company's performance.
• The company recently announced a quarterly dividend of $1.13 per share, translating to an annual yield of 2.1%, substantial for its dividend-paying investors.

Ironvine Capital Partners LLC acquired a new stake in Honeywell International Inc. (NASDAQ:HON - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The fund acquired 25,084 shares of the conglomerate's stock, valued at approximately $5,312,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in HON. Vanguard Group Inc. increased its position 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 buying an additional 447,744 shares during the period. Wellington Management Group LLP increased its position in shares of Honeywell International by 8.9% during 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 buying an additional 1,293,137 shares during the period. Goldman Sachs Group Inc. grew its holdings in shares of Honeywell International by 9.1% during the first quarter. Goldman Sachs Group Inc. now owns 6,038,080 shares of the conglomerate's stock worth $1,278,563,000 after purchasing an additional 505,083 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Honeywell International by 5.4% during the first 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 purchased a new position in shares of Honeywell International during the first quarter worth about $1,150,929,000. 75.91% of the stock is currently owned by institutional investors.

Insider Activity at Honeywell International

In related news, CEO Lucian Boldea sold 42,149 shares of the stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $221.58, for a total transaction of $9,339,375.42. Following the sale, the chief executive officer directly owned 10,334 shares of the company's stock, 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 filing with the SEC, which is available at the SEC website. Corporate insiders own 0.41% of the company's stock.

Honeywell International Trading Down 0.4%

Shares of Honeywell International stock traded down $0.91 during midday trading on Friday, reaching $214.25. 4,104,308 shares of the company's stock traded hands, compared to its average volume of 3,058,853. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.97 and a current ratio of 1.29. The company has a market cap of $136.03 billion, a PE ratio of 24.37, a price-to-earnings-growth ratio of 2.42 and a beta of 1.05. The stock has a 50 day moving average of $225.90 and a 200-day moving average of $217.42. Honeywell International Inc. has a 12 month low of $179.36 and a 12 month high of $242.77.

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 return on equity of 37.37% and a net margin of 14.30%.The firm's quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $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. As a group, equities analysts expect that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Announces Dividend

The business 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. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend was Friday, August 15th. Honeywell International's dividend payout ratio is currently 51.42%.

Analyst Upgrades and Downgrades

HON has been the subject of several recent analyst reports. JPMorgan Chase & Co. boosted their price objective on Honeywell International from $182.00 to $217.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. Citigroup upped their target price on Honeywell International from $242.00 to $265.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Wall Street Zen raised Honeywell International from a "hold" rating to a "buy" rating in a research note on Thursday, May 15th. Wells Fargo & Company cut their target price 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. Finally, Morgan Stanley upped their target price on Honeywell International from $225.00 to $245.00 and gave the stock an "equal weight" rating in a research note on Monday, July 28th. 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 MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target 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.