Public Employees Retirement System of Ohio Sells 6,149 Shares of Honeywell International Inc. $HON

Key Points

• Public Employees Retirement System of Ohio reduced its stake in Honeywell International by 2.3%, selling 6,149 shares and holding 263,630 shares worth approximately $61.4 million at the end of the most recent quarter.
• Honeywell reported $2.75 EPS for the last quarter, beating estimates, with a revenue of $10.35 billion, up 8.1% year-over-year.
• The company also announced a quarterly dividend of $1.13 per share, resulting in an annual yield of 2.2% and a payout ratio of 51.42%.

Public Employees Retirement System of Ohio lowered its stake in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 2.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 263,630 shares of the conglomerate's stock after selling 6,149 shares during the quarter. Public Employees Retirement System of Ohio's holdings in Honeywell International were worth $61,394,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Pandora Wealth Inc. bought a new position in shares of Honeywell International during the 1st quarter valued at approximately $33,000. 1248 Management LLC bought a new position in shares of Honeywell International during the 1st quarter valued at approximately $38,000. Quarry LP bought a new position in shares of Honeywell International during the 1st quarter valued at approximately $41,000. Stone House Investment Management LLC bought a new position in Honeywell International in the 1st quarter valued at $41,000. Finally, Garde Capital Inc. bought a new position in Honeywell International in the 1st quarter valued at $42,000. Institutional investors own 75.91% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on HON. Royal Bank Of Canada cut their price objective 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. Citigroup upped their price objective on Honeywell International from $242.00 to $265.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Barclays upped their price objective on Honeywell International from $258.00 to $265.00 and gave the company an "overweight" rating in a research report on Wednesday, July 9th. Morgan Stanley upped their price objective 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. Finally, Wells Fargo & Company cut 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. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, Honeywell International has an average rating of "Moderate Buy" and a consensus target price of $254.00.

Insider Buying and Selling

In related news, CEO Lucian Boldea sold 42,149 shares of the company's 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 sale, the chief executive officer owned 10,334 shares in the company, valued at $2,289,807.72. This represents a 80.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.41% of the stock is currently owned by corporate insiders.

Honeywell International Trading Up 0.1%

Honeywell International stock opened at $209.31 on Wednesday. The stock has a 50-day moving average of $219.57 and a two-hundred day moving average of $217.40. 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 one year low of $179.36 and a one year high of $242.77. The stock has a market cap of $132.89 billion, a PE ratio of 23.81, a price-to-earnings-growth ratio of 2.36 and a beta of 1.05.

Honeywell International (NASDAQ:HON - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The conglomerate reported $2.75 EPS for the quarter, beating 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 period last year, the business posted $2.49 earnings per share. The firm's revenue 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, research analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Announces Dividend

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

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