Leo Wealth LLC Raises Position in Honeywell International Inc. $HON

Leo Wealth LLC boosted its holdings in Honeywell International Inc. (NASDAQ:HON - Free Report) by 60.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 43,285 shares of the conglomerate's stock after buying an additional 16,377 shares during the period. Honeywell International makes up 0.8% of Leo Wealth LLC's investment portfolio, making the stock its 26th biggest holding. Leo Wealth LLC's holdings in Honeywell International were worth $10,080,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Chung Wu Investment Group LLC purchased a new position in Honeywell International in the 2nd quarter valued at approximately $26,000. Pandora Wealth Inc. purchased a new position in Honeywell International in the 1st quarter valued at approximately $33,000. RMG Wealth Management LLC purchased a new position in Honeywell International in the 2nd quarter valued at approximately $33,000. 1248 Management LLC purchased a new position in Honeywell International in the 1st quarter valued at approximately $38,000. Finally, Dogwood Wealth Management LLC grew its stake in Honeywell International by 143.9% in the 2nd quarter. Dogwood Wealth Management LLC now owns 161 shares of the conglomerate's stock valued at $39,000 after buying an additional 95 shares in the last quarter. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

HON has been the subject of a number of recent research reports. Jefferies Financial Group reduced their price objective on shares of Honeywell International from $240.00 to $230.00 and set a "hold" rating for the company in a research note on Tuesday. Wells Fargo & Company reduced their price target on shares of Honeywell International from $230.00 to $220.00 and set an "equal weight" rating for the company in a research report on Monday. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Honeywell International in a report on Wednesday. Deutsche Bank Aktiengesellschaft increased their price objective on Honeywell International from $268.00 to $271.00 and gave the stock a "buy" rating in a research report on Thursday, October 2nd. Finally, Royal Bank Of Canada reduced their target price on Honeywell International from $254.00 to $253.00 and set a "sector perform" rating for the company in a research report on Friday, July 25th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $251.80.

Honeywell International Stock Up 0.4%

Shares of NASDAQ HON opened at $209.85 on Thursday. Honeywell International Inc. has a 12 month low of $179.36 and a 12 month high of $242.77. The company has a current ratio of 1.29, a quick ratio of 0.97 and a debt-to-equity ratio of 1.81. The firm has a market capitalization of $133.23 billion, a price-to-earnings ratio of 23.87, a PEG ratio of 2.34 and a beta of 1.06. The business has a 50-day moving average of $214.81 and a 200-day moving average of $217.33.

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 the consensus estimate of $2.66 by $0.09. Honeywell International had a return on equity of 37.37% and a net margin of 14.30%.The company 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 firm earned $2.49 earnings per share. Honeywell International'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. Sell-side analysts expect that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Friday, November 14th will be paid a $1.19 dividend. This is an increase from Honeywell International's previous quarterly dividend of $1.13. This represents a $4.76 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Friday, November 14th. Honeywell International's payout ratio is currently 54.15%.

Insider Transactions at Honeywell International

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

About Honeywell International

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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