NTV Asset Management LLC Has $5.73 Million Position in Honeywell International Inc. $HON

Key Points

• NTV Asset Management LLC significantly increased its stake in Honeywell International Inc. by 590.8%, now holding shares worth approximately $5.73 million after acquiring an additional 21,033 shares in the second quarter.
• The company recently announced a quarterly dividend increase from $1.13 to $1.19 per share, reflecting a 2.3% yield and a payout ratio of 51.42%.
• Honeywell is projected to post an EPS of 10.34 for the current year, with analysts maintaining a consensus rating of "Moderate Buy" based on a price target average of $254.79.

NTV Asset Management LLC lifted its holdings in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 590.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,593 shares of the conglomerate's stock after purchasing an additional 21,033 shares during the quarter. NTV Asset Management LLC's holdings in Honeywell International were worth $5,727,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. BankPlus Wealth Management LLC grew its position in shares of Honeywell International by 2.2% in the 2nd quarter. BankPlus Wealth Management LLC now owns 1,986 shares of the conglomerate's stock valued at $463,000 after buying an additional 43 shares during the last quarter. Maia Wealth LLC grew its position in shares of Honeywell International by 4.1% in the 1st quarter. Maia Wealth LLC now owns 1,189 shares of the conglomerate's stock valued at $238,000 after buying an additional 47 shares during the last quarter. Kirtland Hills Capital Management LLC grew its position in shares of Honeywell International by 1.1% in the 1st quarter. Kirtland Hills Capital Management LLC now owns 4,424 shares of the conglomerate's stock valued at $870,000 after buying an additional 48 shares during the last quarter. Sound View Wealth Advisors Group LLC grew its position in shares of Honeywell International by 0.6% in the 1st quarter. Sound View Wealth Advisors Group LLC now owns 8,769 shares of the conglomerate's stock valued at $1,857,000 after buying an additional 48 shares during the last quarter. Finally, Gateway Wealth Partners LLC grew its position in shares of Honeywell International by 2.5% in the 1st quarter. Gateway Wealth Partners LLC now owns 2,044 shares of the conglomerate's stock valued at $433,000 after buying an additional 49 shares during the last quarter. Institutional investors and hedge funds own 75.91% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Royal Bank Of Canada reduced their price target on Honeywell International from $254.00 to $253.00 and set a "sector perform" rating on the stock in a research report on Friday, July 25th. Wells Fargo & Company reduced their price target on 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. Morgan Stanley upped their price target on Honeywell International from $225.00 to $245.00 and gave the company an "equal weight" rating in a research report on Monday, July 28th. Barclays upped their price target on Honeywell International from $258.00 to $265.00 and gave the company an "overweight" rating in a research report on Wednesday, July 9th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on Honeywell International from $268.00 to $271.00 and gave the company a "buy" rating in a research report on Thursday. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $254.79.

Honeywell International Stock Down 0.9%

Shares of Honeywell International stock opened at $209.05 on Friday. Honeywell International Inc. has a one year low of $179.36 and a one year 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 stock's 50-day moving average is $215.63 and its 200 day moving average is $217.34. The firm has a market cap of $132.73 billion, a price-to-earnings ratio of 23.78, a PEG ratio of 2.38 and a beta of 1.06.

Honeywell International (NASDAQ:HON - Get Free Report) last announced its earnings results on Thursday, July 24th. The conglomerate reported $2.75 EPS for the quarter, beating the consensus estimate of $2.66 by $0.09. The company had revenue of $10.35 billion for the quarter, compared to analyst estimates of $10.01 billion. Honeywell International had a return on equity of 37.37% and a net margin of 14.30%.The firm's revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter in the prior year, the company 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. Equities research analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Increases Dividend

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

Insider Transactions at Honeywell International

In other Honeywell International news, CEO Lucian Boldea sold 42,149 shares of the stock in a transaction that occurred on 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 transaction, the chief executive officer owned 10,334 shares in the company, 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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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