Honeywell International Inc. $HON Shares Sold by NorthCrest Asset Manangement LLC

Key Points

• NorthCrest Asset Management LLC has reduced its stake in Honeywell International by 45%, now holding 89,960 shares valued at approximately $21.6 million after selling 73,749 shares in the second quarter.
• CEO Lucian Boldea sold 42,149 shares of the company for over $9.3 million, which represents an 80.31% decrease in his ownership of the stock.
• Honeywell International recently declared a quarterly dividend of $1.13 per share, resulting in an annualized dividend of $4.52 and a yield of 2.1%.

NorthCrest Asset Manangement LLC lowered its position in Honeywell International Inc. (NASDAQ:HON - Free Report) by 45.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 89,960 shares of the conglomerate's stock after selling 73,749 shares during the period. NorthCrest Asset Manangement LLC's holdings in Honeywell International were worth $21,626,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of HON. Brighton Jones LLC lifted its stake in Honeywell International by 9.1% during the 4th quarter. Brighton Jones LLC now owns 19,047 shares of the conglomerate's stock valued at $4,302,000 after acquiring an additional 1,582 shares during the period. Vident Advisory LLC raised its position in Honeywell International by 0.9% during the fourth quarter. Vident Advisory LLC now owns 15,134 shares of the conglomerate's stock worth $3,419,000 after acquiring an additional 129 shares during the period. Waverly Advisors LLC raised its position in Honeywell International by 26.9% during the fourth quarter. Waverly Advisors LLC now owns 18,028 shares of the conglomerate's stock worth $4,072,000 after acquiring an additional 3,825 shares during the period. Mpwm Advisory Solutions LLC acquired a new position in Honeywell International during the fourth quarter worth $29,000. Finally, Kolinsky Wealth Management LLC boosted its position in Honeywell International by 13.8% during the fourth quarter. Kolinsky Wealth Management LLC now owns 1,666 shares of the conglomerate's stock worth $376,000 after acquiring an additional 202 shares during the last quarter. Hedge funds and other institutional investors own 75.91% of the company's stock.

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 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 transaction, the chief executive officer directly owned 10,334 shares in the company, valued at approximately $2,289,807.72. This represents a 80.31% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.41% of the company's stock.

Honeywell International Price Performance

HON traded up $0.10 on Monday, hitting $209.47. 1,586,969 shares of the company were exchanged, compared to its average volume of 4,040,297. 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's fifty day moving average is $220.67 and its 200 day moving average is $217.49. Honeywell International Inc. has a fifty-two week low of $179.36 and a fifty-two week high of $242.77. The firm has a market capitalization of $133.00 billion, a P/E ratio of 23.82, a price-to-earnings-growth ratio of 2.36 and a beta of 1.05.

Honeywell International (NASDAQ:HON - Get Free Report) last issued its earnings results on Thursday, July 24th. The conglomerate reported $2.75 earnings per share for the quarter, topping the consensus estimate of $2.66 by $0.09. Honeywell International had a net margin of 14.30% and a return on equity of 37.37%. The company had revenue of $10.35 billion for the quarter, compared to analyst estimates of $10.01 billion. During the same period in the prior year, the business posted $2.49 earnings per share. The firm's revenue for the quarter 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. As a group, sell-side analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 5th. Shareholders of record on Friday, August 15th were issued a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date was Friday, August 15th. Honeywell International's dividend payout ratio is 51.42%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on HON. Barclays boosted their price target 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. 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 for the company in a report on Friday, July 25th. 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. Citigroup increased their target price on shares of Honeywell International from $242.00 to $265.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Finally, Wells Fargo & Company lowered their price objective on shares of Honeywell International from $240.00 to $230.00 and set an "equal weight" rating for the company in a research note on Friday, July 25th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eight have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $254.00.

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.