Paragon Capital Management Ltd Has $927,000 Position in Honeywell International Inc. $HON

Key Points

• Paragon Capital Management Ltd significantly increased its holdings in Honeywell International Inc. by 164.6%, now owning 3,979 shares valued at approximately $927,000.
• Honeywell's stock received a mix of analyst ratings, with a consensus rating of "Moderate Buy" and a target price of $254.00.
• The company announced a quarterly dividend increase to $1.19 per share, representing an annual yield of 2.3%, up from the previous dividend of $1.13.

Paragon Capital Management Ltd increased its position in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 164.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,979 shares of the conglomerate's stock after purchasing an additional 2,475 shares during the period. Paragon Capital Management Ltd's holdings in Honeywell International were worth $927,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Red Door Wealth Management LLC lifted its holdings in Honeywell International by 2.6% during the 1st quarter. Red Door Wealth Management LLC now owns 29,090 shares of the conglomerate's stock worth $6,160,000 after purchasing an additional 736 shares during the last quarter. Amundi raised its holdings in Honeywell International by 30.2% in the 1st quarter. Amundi now owns 519,882 shares of the conglomerate's stock valued at $107,450,000 after acquiring an additional 120,706 shares in the last quarter. Spinnaker Trust raised its holdings in Honeywell International by 2.4% in the 1st quarter. Spinnaker Trust now owns 11,598 shares of the conglomerate's stock valued at $2,456,000 after acquiring an additional 276 shares in the last quarter. Integrated Wealth Concepts LLC raised its holdings in Honeywell International by 11.4% in the 1st quarter. Integrated Wealth Concepts LLC now owns 28,502 shares of the conglomerate's stock valued at $6,035,000 after acquiring an additional 2,915 shares in the last quarter. Finally, Beacon Financial Group raised its holdings in Honeywell International by 52.6% in the 1st quarter. Beacon Financial Group now owns 3,759 shares of the conglomerate's stock valued at $796,000 after acquiring an additional 1,295 shares in the last quarter. 75.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Citigroup lifted their price objective on Honeywell International from $242.00 to $265.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. Royal Bank Of Canada dropped 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. Barclays lifted their price objective on Honeywell International from $258.00 to $265.00 and gave the company an "overweight" rating in a report on Wednesday, July 9th. 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, Morgan Stanley boosted their price target on Honeywell International from $225.00 to $245.00 and gave the stock an "equal weight" rating in a report on Monday, July 28th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $254.00.

Insiders Place Their Bets

In related news, CEO Lucian Boldea sold 42,149 shares of the business's stock in a transaction on Wednesday, August 27th. The stock was 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 in the company, valued at $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 available at this hyperlink. 0.20% of the stock is owned by corporate insiders.

Honeywell International Price Performance

Honeywell International stock opened at $208.19 on Friday. 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 52 week low of $179.36 and a 52 week high of $242.77. The stock has a market capitalization of $132.18 billion, a P/E ratio of 23.68, a price-to-earnings-growth ratio of 2.35 and a beta of 1.05. The stock has a fifty day moving average of $217.83 and a 200-day moving average of $217.29.

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

Honeywell International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Friday, November 14th will be given a dividend of $1.19 per share. This represents a $4.76 dividend on an annualized basis and a yield of 2.3%. This is a positive change from Honeywell International's previous quarterly dividend of $1.13. Honeywell International's payout ratio is currently 51.42%.

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.

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