Honeywell International Inc. $HON Holdings Lowered by Scientech Research LLC

Key Points

• Scientech Research LLC reduced its stake in Honeywell International by 42.4% in the first quarter, now holding 4,840 shares worth approximately $1.03 million.
• Honeywell reported $2.75 earnings per share for the last quarter, exceeding analysts' estimates and reflecting an 8.1% increase in revenue year-over-year.
• The company announced a quarterly dividend of $1.13, resulting in an annualized dividend yield of 2.1% and a payout ratio of 51.42%.

Scientech Research LLC lowered its position in Honeywell International Inc. (NASDAQ:HON - Free Report) by 42.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,840 shares of the conglomerate's stock after selling 3,557 shares during the period. Scientech Research LLC's holdings in Honeywell International were worth $1,025,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the stock. Mpwm Advisory Solutions LLC acquired a new stake in Honeywell International in the fourth quarter valued at approximately $29,000. Pandora Wealth Inc. acquired a new stake in shares of Honeywell International in the 1st quarter worth $33,000. 1248 Management LLC acquired a new stake in Honeywell International during the first quarter worth about $38,000. Stone House Investment Management LLC purchased a new stake in shares of Honeywell International in the 1st quarter valued at approximately $41,000. Finally, Quarry LP acquired a new stake in Honeywell International during the first quarter worth $41,000. Hedge funds and other institutional investors own 75.91% of the company's stock.

Honeywell International Trading Down 1.6%

Shares of NASDAQ HON traded down $3.45 during midday trading on Friday, reaching $211.86. 1,374,500 shares of the stock were exchanged, compared to its average volume of 3,999,633. 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 has a market capitalization of $134.51 billion, a P/E ratio of 24.12, a P/E/G ratio of 2.39 and a beta of 1.05. The stock has a 50 day moving average price of $223.99 and a 200-day moving average price of $217.42. Honeywell International Inc. has a 52-week low of $179.36 and a 52-week high of $242.77.

Honeywell International (NASDAQ:HON - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The conglomerate reported $2.75 EPS for the quarter, beating the consensus estimate 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 quarter in the previous year, the business earned $2.49 EPS. The firm's revenue was up 8.1% on a year-over-year basis. Honeywell International has set its FY 2025 guidance at 10.450-10.650 EPS. Q3 2025 guidance at 2.500-2.600 EPS. Equities research analysts expect that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 5th. Shareholders of record on Friday, August 15th were issued 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 2.1%. Honeywell International's payout ratio is currently 51.42%.

Insider Buying and Selling

In other news, CEO Lucian Boldea sold 42,149 shares of the firm's stock in a transaction that occurred on 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 completion of the sale, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.20% of the company's stock.

Wall Street Analysts Forecast Growth

HON has been the subject of a number of research reports. Mizuho lifted their price objective on Honeywell International from $235.00 to $250.00 and gave the company an "outperform" rating in a research note on Friday, May 16th. Morgan Stanley increased their target price on Honeywell International from $225.00 to $245.00 and gave the company an "equal weight" rating in a report on Monday, July 28th. 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 report on Wednesday, July 9th. Royal Bank Of Canada decreased their price objective 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. Finally, JPMorgan Chase & Co. raised their price target on Honeywell International from $182.00 to $217.00 and gave the stock a "neutral" rating in a research note on Friday, May 16th. One equities research 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. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $254.00.

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.