Jump Financial LLC Cuts Holdings in Honeywell International Inc. $HON

Key Points

• Jump Financial LLC has significantly reduced its stake in Honeywell International by 66.2%, selling off 4,305 shares and holding 2,200 shares worth $466,000 at the end of the first quarter.
• Several institutional investors have increased their stakes in Honeywell, with AlphaQuest LLC boosting its holdings by 639.8% during the same period.
• Honeywell recently reported $2.75 earnings per share for the last quarter, exceeding analysts' estimates, with dividend announcements showing a quarterly payment of $1.13 on September 5th.

Jump Financial LLC lessened its holdings in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 66.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,200 shares of the conglomerate's stock after selling 4,305 shares during the period. Jump Financial LLC's holdings in Honeywell International were worth $466,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of HON. Red Door Wealth Management LLC raised its stake in 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 buying an additional 736 shares during the last quarter. Spinnaker Trust raised its stake in 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 buying an additional 276 shares during the last quarter. Beacon Financial Group raised its stake in 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 buying an additional 1,295 shares during the last quarter. WIM INVESTMENT MANAGEMENT Ltd raised its stake in Honeywell International by 40.5% during the first quarter. WIM INVESTMENT MANAGEMENT Ltd now owns 28,800 shares of the conglomerate's stock worth $6,098,000 after buying an additional 8,300 shares during the last quarter. Finally, Codex Capital Asset Management L.L.C. bought a new position in Honeywell International during the first quarter worth $5,294,000. Institutional investors and hedge funds own 75.91% of the company's stock.

Honeywell International Stock Up 0.5%

Shares of NASDAQ:HON traded up $1.16 during midday trading on Thursday, hitting $215.16. 4,545,852 shares of the company's stock were exchanged, compared to its average volume of 4,006,127. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.29 and a quick ratio of 0.97. The stock has a 50 day moving average price of $226.41 and a 200-day moving average price of $217.21. The company has a market cap of $136.61 billion, a PE ratio of 24.48, a price-to-earnings-growth ratio of 2.48 and a beta of 1.05. 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 earnings results on Thursday, July 24th. The conglomerate reported $2.75 EPS for the quarter, topping the consensus estimate of $2.66 by $0.09. The company 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 revenue for the quarter was up 8.1% on a year-over-year basis. During the same period in the previous year, the firm 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, sell-side analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on HON. Wells Fargo & Company lowered their target price on shares of 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. Wall Street Zen raised shares of Honeywell International from a "hold" rating to a "buy" rating in a research note on Thursday, May 15th. 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 research note on Friday, July 25th. Morgan Stanley lifted 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. Finally, Citigroup lifted their price target on shares of Honeywell International from $242.00 to $265.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $254.00.

Insider Activity at Honeywell International

In other news, CEO Lucian Boldea sold 42,149 shares of the business's stock in a transaction dated Wednesday, August 27th. The shares were 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 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 legal filing with the SEC, which is available at this link. 0.41% of the stock is currently 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.