Oak Grove Capital LLC Sells 11,827 Shares of Honeywell International Inc. $HON

Key Points

• Oak Grove Capital LLC has significantly reduced its holdings in Honeywell International Inc. by 73.2% during the 1st quarter, leaving it with 4,331 shares valued at approximately $917,000.
• Honeywell International reported a quarterly earnings per share (EPS) of $2.75, exceeding analyst expectations and showing an 8.1% increase in revenue year-over-year.
• The company announced a quarterly dividend of $1.13 per share, reflecting a 2.1% yield, to be paid on September 5th, with a record date of August 15th.

Oak Grove Capital LLC trimmed its stake in Honeywell International Inc. (NASDAQ:HON - Free Report) by 73.2% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,331 shares of the conglomerate's stock after selling 11,827 shares during the quarter. Oak Grove Capital LLC's holdings in Honeywell International were worth $917,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the stock. Mpwm Advisory Solutions LLC bought a new position in shares of Honeywell International during the 4th quarter worth approximately $29,000. Pandora Wealth Inc. bought a new position in shares of Honeywell International during the 1st quarter worth approximately $33,000. Accredited Wealth Management LLC acquired a new stake in Honeywell International during the 4th quarter worth approximately $34,000. Alexis Investment Partners LLC acquired a new stake in Honeywell International during the 4th quarter worth approximately $37,000. Finally, Banque de Luxembourg S.A. acquired a new stake in Honeywell International during the 4th quarter worth approximately $38,000. 75.91% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

HON has been the subject of several research reports. Wall Street Zen raised Honeywell International from a "hold" rating to a "buy" rating in a report on Thursday, May 15th. Barclays lifted their price target on Honeywell International from $258.00 to $265.00 and gave the stock an "overweight" rating in a report on Wednesday, July 9th. Mizuho increased their price target on Honeywell International from $235.00 to $250.00 and gave the stock an "outperform" rating in a research report on Friday, May 16th. Wells Fargo & Company dropped 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, JPMorgan Chase & Co. lifted their price objective on Honeywell International from $182.00 to $217.00 and gave the company a "neutral" rating in a report on Friday, May 16th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eight have given a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $254.00.

Honeywell International Trading Up 0.2%

Shares of HON stock traded up $0.34 on Tuesday, hitting $216.74. The company had a trading volume of 2,271,096 shares, compared to its average volume of 4,067,330. The firm has a market cap of $137.61 billion, a P/E ratio of 24.66, a P/E/G ratio of 2.45 and a beta of 1.08. The stock's 50-day moving average is $227.50 and its two-hundred day moving average is $216.62. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.97 and a current ratio of 1.29. Honeywell International Inc. has a twelve month low of $179.36 and a twelve month high of $242.77.

Honeywell International (NASDAQ:HON - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The conglomerate reported $2.75 earnings per share for the quarter, beating the consensus estimate of $2.66 by $0.09. The company had revenue of $10.35 billion during the quarter, compared to analysts' expectations of $10.01 billion. Honeywell International had a return on equity of 37.37% and a net margin of 14.30%.The business's quarterly revenue was up 8.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.49 earnings per share. 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 research analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 5th. Investors of record on Friday, August 15th will be issued a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Friday, August 15th. Honeywell International's dividend payout ratio (DPR) is 51.42%.

Honeywell International 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.