Park Avenue Securities LLC Has $2.72 Million Stake in Honeywell International Inc. $HON

Key Points

• Park Avenue Securities LLC has decreased its stake in Honeywell International, now owning 11,676 shares valued at approximately $2.72 million after selling 2,104 shares in the second quarter.
• Honeywell reported a quarterly earnings per share (EPS) of $2.75, exceeding analyst estimates, and its revenue increased by 8.1% compared to the same quarter last year.
• The company recently announced a quarterly dividend of $1.13 per share, reflecting an annualized yield of 2.2% with a payout ratio of 51.42%.

Park Avenue Securities LLC decreased its position in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 15.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,676 shares of the conglomerate's stock after selling 2,104 shares during the period. Park Avenue Securities LLC's holdings in Honeywell International were worth $2,719,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of HON. Nuveen LLC acquired a new stake in shares of Honeywell International during the first quarter worth approximately $1,150,929,000. GAMMA Investing LLC increased its holdings in shares of Honeywell International by 20,894.0% during the first quarter. GAMMA Investing LLC now owns 1,326,614 shares of the conglomerate's stock worth $2,809,110,000 after buying an additional 1,320,295 shares in the last quarter. Wellington Management Group LLP increased its holdings in shares of Honeywell International by 8.9% during the first quarter. Wellington Management Group LLP now owns 15,751,951 shares of the conglomerate's stock worth $3,335,476,000 after buying an additional 1,293,137 shares in the last quarter. Alliancebernstein L.P. increased its holdings in shares of Honeywell International by 64.6% during the first quarter. Alliancebernstein L.P. now owns 2,652,344 shares of the conglomerate's stock worth $561,634,000 after buying an additional 1,041,273 shares in the last quarter. Finally, Vista Cima Wealth Management LLC acquired a new stake in shares of Honeywell International during the first quarter worth approximately $164,000. Institutional investors and hedge funds own 75.91% of the company's stock.

Honeywell International Trading Up 0.1%

HON opened at $209.31 on Wednesday. The stock has a market capitalization of $132.89 billion, a P/E ratio of 23.81, a P/E/G ratio of 2.36 and a beta of 1.05. Honeywell International Inc. has a 12 month low of $179.36 and a 12 month high of $242.77. The firm's fifty day simple moving average is $219.57 and its 200 day simple moving average is $217.40. The company has a current ratio of 1.29, a quick ratio of 0.97 and a debt-to-equity ratio of 1.81.

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

Honeywell International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 5th. Investors of record on Friday, August 15th were given a $1.13 dividend. This represents a $4.52 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend was Friday, August 15th. Honeywell International's payout ratio is currently 51.42%.

Insider Buying and Selling

In related news, CEO Lucian Boldea sold 42,149 shares of the business's stock in a transaction on 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 sale, the chief executive officer directly 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.41% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on HON. Citigroup raised their price target on shares of Honeywell International from $242.00 to $265.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. Barclays raised their price target on shares of Honeywell International from $258.00 to $265.00 and gave the company an "overweight" rating in a report on Wednesday, July 9th. Royal Bank Of Canada lowered their price target 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. Wells Fargo & Company lowered their price target on shares of 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 raised their price target 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. One research 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 stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $254.00.

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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