Jones Financial Companies Lllp Cuts Stake in Honeywell International Inc. $HON

Key Points

• Jones Financial Companies Lllp cut its stake in Honeywell International Inc. by 79.1%, bringing its total holdings to 28,426 shares valued at approximately $5.71 million.
• Several institutional investors, including Vanguard Group Inc. and Goldman Sachs Group Inc., increased their positions in Honeywell during the same period, reflecting a strong interest in the company.
• Honeywell reported a quarterly EPS of $2.75, exceeding estimates, and has set guidance for FY 2025 EPS between $10.450 to $10.650, signaling expected continued growth.

Jones Financial Companies Lllp decreased its position in Honeywell International Inc. (NASDAQ:HON - Free Report) by 79.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,426 shares of the conglomerate's stock after selling 107,361 shares during the period. Jones Financial Companies Lllp's holdings in Honeywell International were worth $5,714,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Maia Wealth LLC boosted its stake in Honeywell International by 4.1% in the 1st quarter. Maia Wealth LLC now owns 1,189 shares of the conglomerate's stock worth $238,000 after purchasing an additional 47 shares in the last quarter. Kirtland Hills Capital Management LLC lifted its stake in Honeywell International by 1.1% during the 1st quarter. Kirtland Hills Capital Management LLC now owns 4,424 shares of the conglomerate's stock valued at $870,000 after acquiring an additional 48 shares during the period. Sound View Wealth Advisors Group LLC lifted its stake in Honeywell International by 0.6% during the 1st quarter. Sound View Wealth Advisors Group LLC now owns 8,769 shares of the conglomerate's stock valued at $1,857,000 after acquiring an additional 48 shares during the period. Gateway Wealth Partners LLC lifted its stake in shares of Honeywell International by 2.5% in the 1st quarter. Gateway Wealth Partners LLC now owns 2,044 shares of the conglomerate's stock worth $433,000 after purchasing an additional 49 shares during the period. Finally, Cetera Trust Company N.A lifted its stake in shares of Honeywell International by 0.5% in the 1st quarter. Cetera Trust Company N.A now owns 10,475 shares of the conglomerate's stock worth $2,218,000 after purchasing an additional 50 shares during the period. Institutional investors own 75.91% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on HON. Mizuho increased their target price 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. Royal Bank Of Canada reduced 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. Morgan Stanley increased their target price 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. Citigroup increased their target price on shares of Honeywell International from $242.00 to $265.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Finally, Barclays increased their price objective on shares of Honeywell International from $258.00 to $265.00 and gave the company an "overweight" rating in a report on Wednesday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and eight have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Honeywell International has a consensus rating of "Moderate Buy" and a consensus target price of $254.00.

Honeywell International Price Performance

Shares of HON stock traded down $3.85 on Friday, reaching $211.46. The company's stock had a trading volume of 3,168,914 shares, compared to its average volume of 3,259,496. The stock's fifty day simple moving average is $223.41 and its 200-day simple moving average is $217.41. Honeywell International Inc. has a 1 year low of $179.36 and a 1 year high of $242.77. The company has a current ratio of 1.29, a quick ratio of 0.97 and a debt-to-equity ratio of 1.81. The company has a market capitalization of $134.26 billion, a price-to-earnings ratio of 24.06, a price-to-earnings-growth ratio of 2.43 and a beta of 1.05.

Honeywell International (NASDAQ:HON - Get Free Report) last posted its earnings results 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. Honeywell International had a net margin of 14.30% and a return on equity of 37.37%. The firm had revenue of $10.35 billion during the quarter, compared to analyst estimates of $10.01 billion. During the same period last year, the firm posted $2.49 earnings per share. Honeywell International's revenue for the quarter 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 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 paid a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend was Friday, August 15th. Honeywell International's payout ratio is presently 51.42%.

Insider Buying and Selling

In other news, CEO Lucian Boldea sold 42,149 shares of Honeywell International 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 completion of the sale, the chief executive officer directly owned 10,334 shares in the company, valued at approximately $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 can be accessed through this link. 0.20% of the stock is owned by insiders.

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.