Honeywell International Inc. $HON Shares Sold by Rafferty Asset Management LLC

Key Points

• Rafferty Asset Management LLC has reduced its holdings in Honeywell International Inc. by 6.9%, owning 108,991 shares valued at $23.08 million after selling 8,032 shares.
• Honeywell reported a quarterly earnings per share (EPS) of $2.75, surpassing estimates, with a revenue of $10.35 billion, a growth of 8.1% year-over-year.
• The company has announced a quarterly dividend of $1.13 per share, set to be paid on September 5th, representing a 2.0% yield.

Rafferty Asset Management LLC lowered its stake in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 6.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 108,991 shares of the conglomerate's stock after selling 8,032 shares during the period. Rafferty Asset Management LLC's holdings in Honeywell International were worth $23,079,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Brighton Jones LLC increased its position in shares of Honeywell International by 9.1% in the fourth quarter. Brighton Jones LLC now owns 19,047 shares of the conglomerate's stock worth $4,302,000 after acquiring an additional 1,582 shares in the last quarter. Nebula Research & Development LLC acquired a new stake in shares of Honeywell International in the fourth quarter worth $649,000. Optiver Holding B.V. increased its position in shares of Honeywell International by 117.0% in the fourth quarter. Optiver Holding B.V. now owns 1,126 shares of the conglomerate's stock worth $254,000 after acquiring an additional 607 shares in the last quarter. Utah Retirement Systems increased its position in shares of Honeywell International by 0.4% in the fourth quarter. Utah Retirement Systems now owns 108,096 shares of the conglomerate's stock worth $24,418,000 after acquiring an additional 400 shares in the last quarter. Finally, Becker Capital Management Inc. increased its position in shares of Honeywell International by 735.0% in the fourth quarter. Becker Capital Management Inc. now owns 75,954 shares of the conglomerate's stock worth $17,157,000 after acquiring an additional 66,858 shares in the last quarter. Hedge funds and other institutional investors own 75.91% of the company's stock.

Analysts Set New Price Targets

HON has been the subject of several recent research reports. Bank of America raised shares of Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 price objective for the company in a research report on Wednesday, May 7th. Mizuho raised their price target on shares of Honeywell International from $235.00 to $250.00 and gave the company an "outperform" rating in a report on Friday, May 16th. Wall Street Zen upgraded shares of Honeywell International from a "hold" rating to a "buy" rating in a research note on Thursday, May 15th. Citigroup increased their price objective on shares of Honeywell International from $242.00 to $265.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. Finally, Barclays increased their price objective on shares of Honeywell International from $258.00 to $265.00 and gave the company an "overweight" rating in a research note on Wednesday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and eight have given a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $254.00.

Honeywell International Stock Performance

NASDAQ:HON traded down $1.85 during mid-day trading on Friday, hitting $219.50. The stock had a trading volume of 1,991,059 shares, compared to its average volume of 3,115,309. The stock has a market capitalization of $139.36 billion, a price-to-earnings ratio of 24.97, a P/E/G ratio of 2.48 and a beta of 1.08. The company has a 50 day simple moving average of $226.81 and a 200-day simple moving average of $217.03. Honeywell International Inc. has a 52 week low of $179.36 and a 52 week high of $242.77. 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 issued its quarterly earnings data on Thursday, July 24th. The conglomerate reported $2.75 earnings per share for the quarter, beating the consensus estimate of $2.66 by $0.09. The firm had revenue of $10.35 billion for the quarter, compared to the consensus estimate of $10.01 billion. Honeywell International had a net margin of 14.30% and a return on equity of 37.37%. Honeywell International's quarterly revenue was up 8.1% compared to the same quarter last year. During the same period last 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. On average, research analysts expect that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 5th. Shareholders of record on Friday, August 15th will be paid a dividend of $1.13 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a $4.52 annualized dividend and a yield of 2.1%. Honeywell International's dividend payout ratio (DPR) is presently 51.42%.

Insider Buying and Selling

In other Honeywell International news, CEO Lucian Boldea sold 42,149 shares of the firm's stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $221.58, for a total transaction of $9,339,375.42. Following the transaction, the chief executive officer 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.20% of the company's stock.

About Honeywell International

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.