Kingstone Capital Partners Texas LLC Takes $140.82 Million Position in Honeywell International Inc. $HON

Key Points

• Kingstone Capital Partners Texas LLC has acquired a new stake in Honeywell International Inc., purchasing 604,671 shares valued at approximately $140.8 million.
• Honeywell reported $2.75 earnings per share (EPS) for the last quarter, exceeding analysts' estimates, with revenue reaching $10.35 billion, up 8.1% year-over-year.
• The company declared a quarterly dividend of $1.13 per share, yielding around 2.2%, with a payout ratio of 51.42%.

Kingstone Capital Partners Texas LLC purchased a new position in Honeywell International Inc. (NASDAQ:HON - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 604,671 shares of the conglomerate's stock, valued at approximately $140,816,000. Kingstone Capital Partners Texas LLC owned about 0.09% of Honeywell International as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of HON. Pandora Wealth Inc. purchased a new position in Honeywell International in the first quarter valued at $33,000. 1248 Management LLC purchased a new stake in Honeywell International during the first quarter worth approximately $38,000. Stone House Investment Management LLC acquired a new stake in Honeywell International during the first quarter worth approximately $41,000. Quarry LP purchased a new position in shares of Honeywell International in the 1st quarter valued at $41,000. Finally, Garde Capital Inc. purchased a new position in shares of Honeywell International in the 1st quarter valued at $42,000. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Honeywell International Stock Up 0.3%

NASDAQ:HON traded up $0.54 during mid-day trading on Tuesday, reaching $209.54. The stock had a trading volume of 914,782 shares, compared to its average volume of 4,040,960. 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's 50 day simple moving average is $220.09 and its two-hundred day simple moving average is $217.46. The company has a market capitalization of $133.03 billion, a price-to-earnings ratio of 23.86, a price-to-earnings-growth ratio of 2.36 and a beta of 1.05. Honeywell International Inc. has a 1-year low of $179.36 and a 1-year high of $242.77.

Honeywell International (NASDAQ:HON - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The conglomerate reported $2.75 earnings per share (EPS) for the quarter, beating 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 company's revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the company 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. Equities analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 5th. Stockholders of record on Friday, August 15th were given a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date was Friday, August 15th. Honeywell International's dividend payout ratio is 51.42%.

Analysts Set New Price Targets

Several research firms have issued reports on HON. Wells Fargo & Company decreased their price objective 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. Royal Bank Of Canada cut their price target on Honeywell International from $254.00 to $253.00 and set a "sector perform" rating on the stock in a research report on Friday, July 25th. Morgan Stanley lifted their price target on Honeywell International from $225.00 to $245.00 and gave the stock an "equal weight" rating in a research report on Monday, July 28th. Citigroup raised their target price on shares of Honeywell International from $242.00 to $265.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Finally, Barclays raised their target price on shares of Honeywell International from $258.00 to $265.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, Honeywell International has an average rating of "Moderate Buy" and a consensus target price of $254.00.

Insiders Place Their Bets

In other Honeywell International news, CEO Lucian Boldea sold 42,149 shares of the firm's 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 available through this hyperlink. Corporate insiders own 0.41% of the company's stock.

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.