Resources Management Corp CT ADV Decreases Stake in Honeywell International Inc. $HON

Key Points

• Resources Management Corp CT ADV reduced its position in Honeywell International by 18.2%, selling 4,627 shares and retaining 20,805 shares valued at approximately $4.4 million.
• Key institutional investors reported increases in their stakes, with the Vanguard Group acquiring an additional 447,744 shares, and both Goldman Sachs and Wellington Management Group increasing their positions by over 8%.
• Honeywell International recently announced a quarterly dividend of $1.13, resulting in an annualized dividend of $4.52 and a yield of 2.1%.

Resources Management Corp CT ADV cut its holdings in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 18.2% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 20,805 shares of the conglomerate's stock after selling 4,627 shares during the period. Resources Management Corp CT ADV's holdings in Honeywell International were worth $4,405,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Nuveen LLC purchased a new stake in shares of Honeywell International in the first quarter valued at approximately $1,150,929,000. GAMMA Investing LLC increased its holdings in Honeywell International by 20,894.0% in the 1st quarter. GAMMA Investing LLC now owns 1,326,614 shares of the conglomerate's stock worth $2,809,110,000 after acquiring an additional 1,320,295 shares in the last quarter. Wellington Management Group LLP raised its position in 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 acquiring an additional 1,293,137 shares during the period. Alliancebernstein L.P. lifted its holdings in Honeywell International by 64.6% during the first quarter. Alliancebernstein L.P. now owns 2,652,344 shares of the conglomerate's stock valued at $561,634,000 after purchasing 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 in the first quarter valued at about $164,000. Institutional investors and hedge funds own 75.91% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Citigroup upped their price target on shares of Honeywell International from $242.00 to $265.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Wall Street Zen raised Honeywell International from a "hold" rating to a "buy" rating in a report on Thursday, May 15th. Barclays boosted their price target on Honeywell International from $258.00 to $265.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 9th. JPMorgan Chase & Co. raised their price objective on Honeywell International from $182.00 to $217.00 and gave the company a "neutral" rating in a report on Friday, May 16th. Finally, Wells Fargo & Company dropped their target price 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. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eight have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $254.00.

Honeywell International Trading Down 1.2%

Shares of Honeywell International stock traded down $2.50 during trading hours on Wednesday, hitting $211.70. The company's stock had a trading volume of 4,285,161 shares, compared to its average volume of 3,096,218. The stock has a market cap of $134.41 billion, a price-to-earnings ratio of 20.78, a P/E/G ratio of 2.42 and a beta of 1.05. 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 twelve month low of $179.36 and a twelve month high of $242.77. The firm has a fifty day moving average of $225.04 and a 200-day moving average of $217.42.

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 (EPS) 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 analyst estimates of $10.01 billion. Honeywell International had a net margin of 14.30% and a return on equity of 37.37%. Honeywell International's revenue was up 8.1% on a year-over-year basis. During the same period in the previous year, the firm earned $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. Research analysts forecast that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 5th. Stockholders of record on Friday, August 15th were given a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend was Friday, August 15th. Honeywell International's dividend payout ratio is currently 51.42%.

Insider Activity at Honeywell International

In related news, CEO Lucian Boldea sold 42,149 shares of Honeywell International stock in a transaction that occurred 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 transaction, the chief executive officer owned 10,334 shares in the company, valued at approximately $2,289,807.72. The trade was a 80.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.20% of the company's stock.

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.