Phraction Management LLC Has $13.32 Million Holdings in Honeywell International Inc. $HON

Key Points

• Phraction Management LLC reduced its holdings in Honeywell International Inc. by 14.2% to 57,182 shares, valued at approximately $13.32 million, making it the company's 6th largest holding.
• Honeywell International announced an increase in its quarterly dividend from $1.13 to $1.19, with a payout date set for December 5th, translating to an annualized dividend yield of 2.3%.
• The company reported strong earnings for the previous quarter, with an EPS of $2.75, exceeding analyst expectations and reflecting an 8.1% revenue increase year-over-year.

Phraction Management LLC lowered its holdings in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 14.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,182 shares of the conglomerate's stock after selling 9,425 shares during the period. Honeywell International makes up 4.3% of Phraction Management LLC's investment portfolio, making the stock its 6th largest holding. Phraction Management LLC's holdings in Honeywell International were worth $13,317,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Pandora Wealth Inc. bought a new position in Honeywell International during the 1st quarter valued at approximately $33,000. 1248 Management LLC purchased a new position in shares of Honeywell International in the 1st quarter worth about $38,000. Dogwood Wealth Management LLC boosted its stake in Honeywell International by 143.9% in the 2nd quarter. Dogwood Wealth Management LLC now owns 161 shares of the conglomerate's stock worth $39,000 after purchasing an additional 95 shares in the last quarter. Stone House Investment Management LLC purchased a new stake in Honeywell International during the 1st quarter valued at about $41,000. Finally, Quarry LP bought a new stake in Honeywell International during the 1st quarter valued at about $41,000. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Honeywell International

In other news, CEO Lucian Boldea sold 42,149 shares of the 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 completion of the sale, the chief executive officer directly owned 10,334 shares of the company's stock, valued at $2,289,807.72. This represents a 80.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.20% of the stock is currently owned by insiders.

Honeywell International Stock Performance

HON opened at $211.01 on Friday. Honeywell International Inc. has a 12-month low of $179.36 and a 12-month high of $242.77. The company has a market cap of $133.97 billion, a price-to-earnings ratio of 24.01, a PEG ratio of 2.37 and a beta of 1.06. The company has a current ratio of 1.29, a quick ratio of 0.97 and a debt-to-equity ratio of 1.81. The company's 50 day moving average is $215.93 and its 200 day moving average is $217.35.

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, 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 for the quarter, compared to analysts' expectations of $10.01 billion. During the same period last year, the firm earned $2.49 EPS. Honeywell International'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. On average, equities research analysts predict 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 given 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 dividend on an annualized basis and a dividend yield of 2.3%. Honeywell International's dividend payout ratio (DPR) is currently 54.15%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on HON shares. Barclays increased 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. Wells Fargo & Company dropped their price objective 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. Deutsche Bank Aktiengesellschaft lifted their price objective on Honeywell International from $268.00 to $271.00 and gave the stock a "buy" rating in a report on Thursday. Morgan Stanley upped their target price on shares of Honeywell International from $225.00 to $245.00 and gave the company an "equal weight" rating in a research note on Monday, July 28th. Finally, Royal Bank Of Canada reduced 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 research note on Friday, July 25th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $254.79.

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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