Merit Financial Group LLC Purchases 5,715 Shares of Honeywell International Inc. $HON

Key Points

• Merit Financial Group LLC increased its stake in Honeywell International by 11.3%, acquiring an additional 5,715 shares during the second quarter, raising their total holdings to 56,486 shares valued at approximately $13.15 million.
• Honeywell International reported $2.75 earnings per share for the last quarter, exceeding analysts' expectations of $2.66, while its revenue rose 8.1% year-over-year to $10.35 billion.
• The company announced an increase in its quarterly dividend to $1.19 per share, with an annualized dividend yield of 2.3%, reflecting a consistent payout policy.

Merit Financial Group LLC boosted its position in Honeywell International Inc. (NASDAQ:HON - Free Report) by 11.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 56,486 shares of the conglomerate's stock after acquiring an additional 5,715 shares during the period. Merit Financial Group LLC's holdings in Honeywell International were worth $13,155,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Legacy Trust boosted its holdings in Honeywell International by 4.5% in the second quarter. Legacy Trust now owns 2,673 shares of the conglomerate's stock worth $622,000 after acquiring an additional 115 shares in the last quarter. Fortitude Advisory Group L.L.C. bought a new position in Honeywell International in the second quarter worth approximately $200,000. Beacon Financial Advisory LLC boosted its holdings in Honeywell International by 8.6% in the second quarter. Beacon Financial Advisory LLC now owns 1,168 shares of the conglomerate's stock worth $272,000 after acquiring an additional 92 shares in the last quarter. Gemmer Asset Management LLC bought a new position in Honeywell International in the second quarter worth approximately $201,000. Finally, Simplicity Wealth LLC boosted its holdings in Honeywell International by 66.0% in the second quarter. Simplicity Wealth LLC now owns 12,836 shares of the conglomerate's stock worth $2,989,000 after acquiring an additional 5,102 shares in the last quarter. Institutional investors own 75.91% of the company's stock.

Honeywell International Price Performance

Honeywell International stock opened at $209.05 on Friday. Honeywell International Inc. has a 52 week low of $179.36 and a 52 week high of $242.77. The company's 50 day moving average price is $215.63 and its two-hundred day moving average price is $217.40. The stock has a market cap of $132.73 billion, a P/E ratio of 23.78, a P/E/G ratio of 2.36 and a beta of 1.06. The company has a quick ratio of 0.97, a current ratio of 1.29 and a debt-to-equity ratio of 1.81.

Honeywell International (NASDAQ:HON - Get Free Report) last released its earnings results on Thursday, July 24th. The conglomerate reported $2.75 earnings per share for the quarter, beating 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 during the quarter, compared to the consensus estimate of $10.01 billion. During the same period in the prior year, the firm earned $2.49 EPS. The company's 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. On average, equities analysts predict that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Increases Dividend

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

Analysts Set New Price Targets

A number of analysts have commented on the company. Morgan Stanley boosted their price objective on Honeywell International from $225.00 to $245.00 and gave the stock an "equal weight" rating in a report on Monday, July 28th. Deutsche Bank Aktiengesellschaft boosted their price objective on Honeywell International from $268.00 to $271.00 and gave the stock a "buy" rating in a report on Thursday. Weiss Ratings reissued a "buy (b-)" rating on shares of Honeywell International in a report on Saturday, September 27th. Wells Fargo & Company decreased their price objective on Honeywell International from $240.00 to $230.00 and set an "equal weight" rating for the company in a report on Friday, July 25th. Finally, Royal Bank Of Canada decreased their price objective on Honeywell International from $254.00 to $253.00 and set a "sector perform" rating for the company in a report on Friday, July 25th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and eight have given a Hold rating to the company's stock. Based on data from MarketBeat, Honeywell International presently has a consensus rating of "Moderate Buy" and a consensus target price of $254.79.

Insider Transactions at Honeywell International

In related news, CEO Lucian Boldea sold 42,149 shares of the business's stock in a transaction dated 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 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 position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.20% of the company's stock.

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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