Pure Financial Advisors LLC Acquires 13,592 Shares of Honeywell International Inc. $HON

Key Points

• Pure Financial Advisors LLC increased its stake in Honeywell International by 213.4%, acquiring an additional 13,592 shares during the second quarter, bringing its total holdings to nearly 20,000 shares valued at approximately $4.65 million.
• Honeywell International recently reported earnings exceeding expectations, with $2.75 EPS and $10.35 billion in revenue for the last quarter, indicating an 8.1% year-over-year revenue increase.
• The company announced a quarterly dividend increase to $1.19 per share, up from $1.13, with a dividend yield of 2.3%, scheduled for payment on December 5th.

Pure Financial Advisors LLC boosted its holdings in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 213.4% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 19,962 shares of the conglomerate's stock after acquiring an additional 13,592 shares during the quarter. Pure Financial Advisors LLC's holdings in Honeywell International were worth $4,649,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Pandora Wealth Inc. acquired a new position in Honeywell International during the first quarter valued at approximately $33,000. Dogwood Wealth Management LLC grew its holdings in Honeywell International by 143.9% during the second quarter. Dogwood Wealth Management LLC now owns 161 shares of the conglomerate's stock valued at $39,000 after purchasing an additional 95 shares during the last quarter. 1248 Management LLC acquired a new position in Honeywell International during the first quarter valued at approximately $38,000. Quarry LP acquired a new position in Honeywell International during the first quarter valued at approximately $41,000. Finally, Stone House Investment Management LLC acquired a new position in Honeywell International during the first quarter valued at approximately $41,000. Institutional investors and hedge funds own 75.91% of the company's stock.

Honeywell International Stock Down 0.2%

Shares of HON stock opened at $210.18 on Thursday. The stock has a market cap of $133.44 billion, a P/E ratio of 23.91, a price-to-earnings-growth ratio of 2.38 and a beta of 1.06. Honeywell International Inc. has a one year low of $179.36 and a one year high of $242.77. The stock has a fifty day moving average price of $216.20 and a 200 day moving average price of $217.34. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.29 and a quick ratio of 0.97.

Honeywell International (NASDAQ:HON - Get Free Report) last issued its earnings results on Thursday, July 24th. The conglomerate reported $2.75 EPS for the quarter, topping the consensus estimate of $2.66 by $0.09. The firm 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%.Honeywell International's quarterly revenue was up 8.1% compared to the same quarter last year. During the same period last year, the business earned $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. Analysts predict that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Friday, November 14th will be issued a dividend of $1.19 per share. The ex-dividend date of this dividend is Friday, November 14th. This is a boost 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 51.42%.

Insider Activity

In other Honeywell International news, CEO Lucian Boldea sold 42,149 shares of Honeywell International 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 completion of the transaction, the chief executive officer directly owned 10,334 shares of the company's stock, valued at approximately $2,289,807.72. This trade represents a 80.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.20% of the company's stock.

Analyst Ratings Changes

Several brokerages have commented on HON. Wells Fargo & Company lowered their price target on Honeywell International from $240.00 to $230.00 and set an "equal weight" rating on the stock in a report on Friday, July 25th. Morgan Stanley raised their price objective on shares of Honeywell International from $225.00 to $245.00 and gave the stock an "equal weight" rating in a research note on Monday, July 28th. Royal Bank Of Canada lowered their price objective on shares of Honeywell International from $254.00 to $253.00 and set a "sector perform" rating on the stock in a research note on Friday, July 25th. Barclays raised their price objective on shares of Honeywell International from $258.00 to $265.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 9th. Finally, Citigroup raised their price objective on shares of Honeywell International from $242.00 to $265.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and eight have assigned a Hold rating to the company's stock. According to data from MarketBeat, Honeywell International has an average 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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