Kathmere Capital Management LLC Has $1.25 Million Position in Honeywell International Inc. $HON

Key Points

• Kathmere Capital Management LLC reduced its stake in Honeywell International by 24.4%, owning 5,345 shares valued at approximately $1.25 million after selling 1,725 shares during the second quarter.
• Honeywell International reported $2.75 EPS for its most recent quarter, exceeding analysts' estimates and showing an 8.1% increase in revenue compared to the same period last year.
• The company announced an increase in its quarterly dividend to $1.19 per share, reflecting a 2.3% yield and a dividend payout ratio of 51.42%.

Kathmere Capital Management LLC lowered its stake in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 24.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,345 shares of the conglomerate's stock after selling 1,725 shares during the quarter. Kathmere Capital Management LLC's holdings in Honeywell International were worth $1,245,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HON. Nuveen LLC bought a new stake in Honeywell International during the first quarter worth $1,150,929,000. Wellington Management Group LLP lifted its stake in Honeywell International by 8.9% during the first quarter. Wellington Management Group LLP now owns 15,751,951 shares of the conglomerate's stock worth $3,335,476,000 after purchasing an additional 1,293,137 shares during the last quarter. Alliancebernstein L.P. lifted its stake in Honeywell International by 64.6% during the first quarter. Alliancebernstein L.P. now owns 2,652,344 shares of the conglomerate's stock worth $561,634,000 after purchasing an additional 1,041,273 shares during the last quarter. Vista Cima Wealth Management LLC bought a new stake in Honeywell International during the first quarter worth $164,000. Finally, OVERSEA CHINESE BANKING Corp Ltd lifted its stake in Honeywell International by 592.0% during the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 867,665 shares of the conglomerate's stock worth $183,728,000 after purchasing an additional 742,281 shares during the last quarter. 75.91% of the stock is currently owned by institutional investors.

Honeywell International Stock Performance

NASDAQ HON opened at $208.19 on Friday. 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 stock has a fifty day simple moving average of $217.83 and a 200 day simple moving average of $217.37. Honeywell International Inc. has a twelve month low of $179.36 and a twelve month high of $242.77. The company has a market capitalization of $132.18 billion, a price-to-earnings ratio of 23.68, a PEG ratio of 2.35 and a beta of 1.05.

Honeywell International (NASDAQ:HON - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The conglomerate reported $2.75 earnings per share for the quarter, topping analysts' consensus estimates of $2.66 by $0.09. Honeywell International had a return on equity of 37.37% and a net margin of 14.30%.The firm had revenue of $10.35 billion during the quarter, compared to the consensus estimate of $10.01 billion. During the same period last year, the business posted $2.49 EPS. The business's 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. Sell-side analysts expect that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Friday, November 14th will be issued a dividend of $1.19 per share. This is an increase from Honeywell International's previous quarterly dividend of $1.13. This represents a $4.76 dividend on an annualized basis and a yield of 2.3%. Honeywell International's dividend payout ratio (DPR) is presently 51.42%.

Insiders Place Their Bets

In other Honeywell International news, CEO Lucian Boldea sold 42,149 shares of the stock in a transaction dated 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 position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.20% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on HON shares. 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. Royal Bank Of Canada dropped their price target on 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. Barclays increased their price target on Honeywell International from $258.00 to $265.00 and gave the company an "overweight" rating in a research note on Wednesday, July 9th. Wells Fargo & Company dropped their price target 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, Citigroup increased their price target on 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 assigned a Buy rating and eight have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $254.00.

Honeywell International 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.

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