Logan Capital Management Inc. Sells 7,103 Shares of Honeywell International Inc. $HON

Key Points

• Logan Capital Management Inc. has reduced its stake in Honeywell International by 20.3%, selling 7,103 shares and now holding 27,956 shares, worth approximately $5.9 million.
• CEO Lucian Boldea sold 42,149 shares of Honeywell stock for over $9.3 million, decreasing his ownership by over 80%.
• Analysts have set varied price targets for Honeywell, with Morgan Stanley raising it from $225 to $245, while consensus estimates suggest a target price of $254.

Logan Capital Management Inc. lowered its stake in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 20.3% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 27,956 shares of the conglomerate's stock after selling 7,103 shares during the quarter. Logan Capital Management Inc.'s holdings in Honeywell International were worth $5,920,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Mpwm Advisory Solutions LLC bought a new position in Honeywell International during the fourth quarter valued at about $29,000. Pandora Wealth Inc. bought a new position in Honeywell International during the first quarter valued at about $33,000. 1248 Management LLC bought a new position in Honeywell International during the first quarter valued at about $38,000. Stone House Investment Management LLC bought a new position in Honeywell International during the first quarter valued at about $41,000. Finally, Quarry LP bought a new position in Honeywell International during the first quarter valued at about $41,000. Institutional investors own 75.91% of the company's stock.

Insider Activity

In other news, CEO Lucian Boldea sold 42,149 shares of the stock in a transaction dated 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 sale, the chief executive officer directly owned 10,334 shares of the company's stock, valued at approximately $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 SEC, which can be accessed through the SEC website. Insiders own 0.20% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Wells Fargo & Company reduced their price target on shares of Honeywell International from $240.00 to $230.00 and set an "equal weight" rating for the company in a research report on Friday, July 25th. Barclays increased 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 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. Royal Bank Of Canada dropped their price objective 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. Finally, Morgan Stanley upped their price objective on shares of Honeywell International from $225.00 to $245.00 and gave the company an "equal weight" rating in a report on Monday, July 28th. One equities research 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 stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $254.00.

Honeywell International Stock Performance

NASDAQ HON traded down $3.85 during trading on Friday, hitting $211.46. 3,168,914 shares of the company's stock traded hands, compared to its average volume of 3,280,895. The stock has a market capitalization of $134.26 billion, a price-to-earnings ratio of 24.06, a PEG ratio of 2.39 and a beta of 1.05. Honeywell International Inc. has a 12-month low of $179.36 and a 12-month 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 business has a 50 day moving average of $223.41 and a 200-day moving average of $217.49.

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, 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 the consensus estimate of $10.01 billion. During the same period in the prior year, the firm posted $2.49 earnings per share. The company'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. As a group, equities research analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 5th. Stockholders of record on Friday, August 15th were issued a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend was Friday, August 15th. Honeywell International's dividend payout ratio is presently 51.42%.

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.