LeConte Wealth Management LLC Purchases New Position in Honeywell International Inc. $HON

Key Points

• LeConte Wealth Management LLC has acquired a new position in Honeywell International Inc., purchasing 1,900 shares valued at approximately $402,000.
• Several institutional investors have increased their holdings in Honeywell, with notable boosts from Brighton Jones LLC (9.1%) and Jump Financial LLC (225.3%) during the last quarter.
• Honeywell reported $2.75 EPS in its latest earnings, surpassing consensus estimates, along with a revenue of $10.35 billion, marking an 8.1% year-over-year increase.

LeConte Wealth Management LLC bought a new stake in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 1,900 shares of the conglomerate's stock, valued at approximately $402,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of HON. Mpwm Advisory Solutions LLC bought a new position in shares of Honeywell International during the 4th quarter worth about $29,000. Pandora Wealth Inc. bought a new position in shares of Honeywell International during the 1st quarter worth about $33,000. Accredited Wealth Management LLC bought a new position in shares of Honeywell International during the 4th quarter worth about $34,000. Banque de Luxembourg S.A. bought a new position in shares of Honeywell International during the 4th quarter worth about $38,000. Finally, Stone House Investment Management LLC bought a new position in shares of Honeywell International during the 1st quarter worth about $41,000. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Honeywell International Price Performance

NASDAQ:HON traded up $0.42 during mid-day trading on Thursday, reaching $217.42. 2,685,225 shares of the company were exchanged, compared to its average volume of 4,059,303. Honeywell International Inc. has a 12 month low of $179.36 and a 12 month high of $242.77. The company has a fifty day moving average of $227.14 and a 200 day moving average of $216.62. 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 market cap of $138.04 billion, a PE ratio of 24.73, a PEG ratio of 2.45 and a beta of 1.08.

Honeywell International (NASDAQ:HON - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The conglomerate reported $2.75 EPS for the quarter, topping 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 for the quarter, compared to analyst estimates of $10.01 billion. During the same quarter in the prior year, the firm earned $2.49 EPS. The company's revenue was up 8.1% on a year-over-year basis. 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, research analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Announces Dividend

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

Analyst Ratings Changes

Several brokerages have issued reports on HON. Royal Bank Of Canada lowered their price target on shares of Honeywell International from $254.00 to $253.00 and set a "sector perform" rating on the stock in a report on Friday, July 25th. JPMorgan Chase & Co. boosted their price target on shares of Honeywell International from $182.00 to $217.00 and gave the company a "neutral" rating in a report on Friday, May 16th. Morgan Stanley upped 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. Mizuho upped 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. Finally, Bank of America raised shares of Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 target price on the stock in a report on Wednesday, May 7th. One investment 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 currently has an average rating of "Moderate Buy" and an average price target of $254.00.

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.