Lecap Asset Management Ltd. Acquires New Holdings in Honeywell International Inc. $HON

Key Points

• Lecap Asset Management Ltd. acquired 4,553 shares of Honeywell International Inc. valued at approximately $1,060,000 during the 2nd quarter, indicating a growing interest in the conglomerate's stock.
• The company's CEO, Lucian Boldea, sold 42,149 shares in a transaction that decreased his ownership by 80.31%, raising concerns about insider selling.
• Honeywell International has announced a dividend increase to $1.19 per share, reflecting a robust annualized dividend yield of 2.3% and a payout ratio of 51.42%.

Lecap Asset Management Ltd. purchased a new position in Honeywell International Inc. (NASDAQ:HON - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 4,553 shares of the conglomerate's stock, valued at approximately $1,060,000.

Several other institutional investors have also added to or reduced their stakes in the business. Pandora Wealth Inc. purchased a new position in shares of Honeywell International in the 1st quarter worth $33,000. Dogwood Wealth Management LLC grew its stake in shares of Honeywell International by 143.9% in the 2nd quarter. Dogwood Wealth Management LLC now owns 161 shares of the conglomerate's stock worth $39,000 after buying an additional 95 shares in the last quarter. 1248 Management LLC purchased a new position in shares of Honeywell International in the 1st quarter worth $38,000. Quarry LP purchased a new position in shares of Honeywell International in the 1st quarter worth $41,000. Finally, Stone House Investment Management LLC purchased a new position in shares of Honeywell International in the 1st quarter worth $41,000. 75.91% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. 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 report on Wednesday, July 9th. 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 report on Friday, July 25th. Morgan Stanley raised 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 lifted their price objective on shares of Honeywell International from $242.00 to $265.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. Finally, 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 report on Friday, July 25th. 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 stock currently has an average rating of "Moderate Buy" and an average price target of $254.00.

Insider Activity

In other news, CEO Lucian Boldea sold 42,149 shares of Honeywell International stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $221.58, for a total value of $9,339,375.42. Following the transaction, the chief executive officer owned 10,334 shares of the company's stock, valued at $2,289,807.72. The trade was a 80.31% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.20% of the stock is currently owned by insiders.

Honeywell International Trading Down 0.2%

NASDAQ:HON opened at $210.18 on Thursday. Honeywell International Inc. has a one year low of $179.36 and a one year high of $242.77. 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 firm has a market cap of $133.44 billion, a P/E ratio of 23.91, a P/E/G ratio of 2.38 and a beta of 1.06. The firm has a 50-day simple moving average of $216.20 and a 200-day simple moving average of $217.34.

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

Honeywell International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Friday, November 14th will be given a $1.19 dividend. This represents a $4.76 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Friday, November 14th. This is an increase from Honeywell International's previous quarterly dividend of $1.13. Honeywell International's payout ratio is presently 51.42%.

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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