Lewis Asset Management LLC Makes New $929,000 Investment in Honeywell International Inc. $HON

Key Points

• Lewis Asset Management LLC invested approximately $929,000 in Honeywell International Inc., purchasing 3,989 shares during the second quarter.
• Honeywell reported a net margin of 14.30% and earnings per share of $2.75 for the last quarter, exceeding analysts' expectations.
• The company declared a quarterly dividend of $1.13 per share, representing an annualized yield of 2.2%.

Lewis Asset Management LLC purchased a new position in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 3,989 shares of the conglomerate's stock, valued at approximately $929,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Nuveen LLC bought a new stake in shares of Honeywell International in the 1st quarter worth approximately $1,150,929,000. GAMMA Investing LLC raised its holdings in shares of Honeywell International by 20,894.0% in the 1st quarter. GAMMA Investing LLC now owns 1,326,614 shares of the conglomerate's stock worth $2,809,110,000 after purchasing an additional 1,320,295 shares in the last quarter. Wellington Management Group LLP raised its holdings in shares of Honeywell International by 8.9% in the 1st 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 in the last quarter. Alliancebernstein L.P. raised its holdings in shares of Honeywell International by 64.6% in the 1st 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 in the last quarter. Finally, Vista Cima Wealth Management LLC bought a new stake in shares of Honeywell International in the 1st quarter worth approximately $164,000. 75.91% of the stock is currently owned by institutional investors.

Honeywell International Price Performance

Shares of Honeywell International stock opened at $209.37 on Monday. The firm has a fifty day simple moving average of $220.67 and a 200-day simple moving average of $217.49. The company has a current ratio of 1.29, a quick ratio of 0.97 and a debt-to-equity ratio of 1.81. Honeywell International Inc. has a 1-year low of $179.36 and a 1-year high of $242.77. The stock has a market capitalization of $132.93 billion, a price-to-earnings ratio of 23.82, a PEG ratio of 2.36 and a beta of 1.05.

Honeywell International (NASDAQ:HON - Get Free Report) last issued its quarterly earnings data 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 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 analysts' expectations of $10.01 billion. During the same period in the previous year, the company earned $2.49 earnings per share. Honeywell International's revenue for the quarter 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, sell-side analysts expect that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 5th. Stockholders of record on Friday, August 15th were paid a $1.13 dividend. 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 payout ratio is presently 51.42%.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Wells Fargo & Company dropped their target price on shares of Honeywell International from $240.00 to $230.00 and set an "equal weight" rating on the stock in a report on Friday, July 25th. Royal Bank Of Canada reduced their price target on shares of 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. Barclays upped their price target on shares of Honeywell International from $258.00 to $265.00 and gave the company an "overweight" rating in a research report on Wednesday, July 9th. Citigroup upped their price target on shares of Honeywell International from $242.00 to $265.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Finally, Morgan Stanley upped their price target on shares of Honeywell International from $225.00 to $245.00 and gave the company an "equal weight" rating in a research report on Monday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $254.00.

Insider Buying and Selling at Honeywell International

In other news, CEO Lucian Boldea sold 42,149 shares of the business's stock in a transaction 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 completion of the sale, the chief executive officer directly owned 10,334 shares in the company, valued at approximately $2,289,807.72. The trade was a 80.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.41% of the company's stock.

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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