Nearwater Capital Markets Ltd Sells 3,618 Shares of Honeywell International Inc. $HON

Key Points

• Nearwater Capital Markets Ltd reduced its stake in Honeywell International Inc. by 2.1%, selling 3,618 shares for a total holding of 169,222 shares, valued at approximately $35.8 million.
• Honeywell reported $2.75 earnings per share for the last quarter, exceeding analysts' expectations, and achieved revenue of $10.35 billion, which is an 8.1% increase from the previous year.
• The company announced a quarterly dividend of $1.13 per share, set to be paid on September 5th, resulting in an annualized yield of 2.1%.

Nearwater Capital Markets Ltd lowered its stake in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 2.1% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 169,222 shares of the conglomerate's stock after selling 3,618 shares during the quarter. Honeywell International accounts for 1.0% of Nearwater Capital Markets Ltd's investment portfolio, making the stock its 22nd biggest position. Nearwater Capital Markets Ltd's holdings in Honeywell International were worth $35,833,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Red Door Wealth Management LLC raised its position in shares of Honeywell International by 2.6% during the 1st quarter. Red Door Wealth Management LLC now owns 29,090 shares of the conglomerate's stock valued at $6,160,000 after buying an additional 736 shares in the last quarter. Spinnaker Trust raised its position in shares of Honeywell International by 2.4% during the 1st quarter. Spinnaker Trust now owns 11,598 shares of the conglomerate's stock valued at $2,456,000 after buying an additional 276 shares in the last quarter. Beacon Financial Group raised its position in shares of Honeywell International by 52.6% during the 1st quarter. Beacon Financial Group now owns 3,759 shares of the conglomerate's stock valued at $796,000 after buying an additional 1,295 shares in the last quarter. WIM INVESTMENT MANAGEMENT Ltd raised its position in shares of Honeywell International by 40.5% during the 1st quarter. WIM INVESTMENT MANAGEMENT Ltd now owns 28,800 shares of the conglomerate's stock valued at $6,098,000 after buying an additional 8,300 shares in the last quarter. Finally, Codex Capital Asset Management L.L.C. purchased a new stake in shares of Honeywell International during the 1st quarter valued at $5,294,000. Hedge funds and other institutional investors own 75.91% of the company's stock.

Analyst Ratings Changes

HON has been the topic of a number of analyst reports. Wall Street Zen upgraded shares of Honeywell International from a "hold" rating to a "buy" rating in a research report on Thursday, May 15th. Barclays lifted their target price on shares of Honeywell International from $258.00 to $265.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 9th. Citigroup lifted their target price on shares of Honeywell International from $242.00 to $265.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Wells Fargo & Company decreased 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 research report on Friday, July 25th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Honeywell International from $182.00 to $217.00 and gave the stock a "neutral" rating in a research report on Friday, May 16th. One 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 company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $254.00.

Honeywell International Trading Down 0.4%

Honeywell International stock traded down $0.91 during trading hours on Friday, reaching $214.25. The stock had a trading volume of 4,104,308 shares, compared to its average volume of 3,058,853. The stock has a market cap of $136.03 billion, a PE ratio of 24.37, a PEG ratio of 2.42 and a beta of 1.05. Honeywell International Inc. has a 52 week low of $179.36 and a 52 week high of $242.77. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.29 and a quick ratio of 0.97. The company has a fifty day simple moving average of $225.90 and a 200-day simple moving average of $217.42.

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. The business had revenue of $10.35 billion for the quarter, compared to analyst estimates of $10.01 billion. Honeywell International had a net margin of 14.30% and a return on equity of 37.37%. The company's revenue was up 8.1% on a year-over-year basis. During the same quarter last year, the firm earned $2.49 EPS. Honeywell International has set its FY 2025 guidance at 10.450-10.650 EPS. Q3 2025 guidance at 2.500-2.600 EPS. Analysts forecast that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Announces Dividend

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

Insider Buying and Selling at Honeywell International

In other news, CEO Lucian Boldea sold 42,149 shares of Honeywell International stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $221.58, for a total transaction of $9,339,375.42. Following the sale, the chief executive officer owned 10,334 shares of the company's stock, valued at approximately $2,289,807.72. The trade was a 80.31% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.41% of the company's stock.

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.