Shell Asset Management Co. Acquires 11,883 Shares of Honeywell International Inc. $HON

Key Points

• Shell Asset Management Co. increased its ownership in Honeywell International by 66.8%, acquiring an additional 11,883 shares to total 29,680 shares worth approximately $6.9 million.
• Honeywell reported its Q2 earnings with an EPS of $2.75, surpassing estimates, while achieving $10.35 billion in revenue, an 8.1% increase year-over-year.
• The company announced a quarterly dividend increase to $1.19 per share, with the ex-dividend date set for November 14th, reflecting a dividend yield of 2.3%.

Shell Asset Management Co. raised its holdings in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 66.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 29,680 shares of the conglomerate's stock after buying an additional 11,883 shares during the quarter. Shell Asset Management Co.'s holdings in Honeywell International were worth $6,912,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Chung Wu Investment Group LLC bought a new stake in Honeywell International in the 2nd quarter valued at $26,000. RMG Wealth Management LLC acquired a new position in shares of Honeywell International during the second quarter valued at about $33,000. Pandora Wealth Inc. bought a new stake in shares of Honeywell International in the first quarter valued at about $33,000. Dogwood Wealth Management LLC grew its position in Honeywell International by 143.9% during the second quarter. Dogwood Wealth Management LLC now owns 161 shares of the conglomerate's stock worth $39,000 after buying an additional 95 shares in the last quarter. Finally, 1248 Management LLC acquired a new stake in Honeywell International during the first quarter worth about $38,000. Institutional investors and hedge funds own 75.91% of the company's stock.

Honeywell International Stock Performance

Honeywell International stock opened at $209.00 on Tuesday. The firm has a market capitalization of $132.69 billion, a P/E ratio of 23.78, a P/E/G ratio of 2.34 and a beta of 1.06. The stock has a fifty day moving average price of $215.31 and a two-hundred day moving average price of $217.44. Honeywell International Inc. has a 52-week low of $179.36 and a 52-week high of $242.77. 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, beating the consensus estimate of $2.66 by $0.09. The company 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%. The firm's revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the company 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. As a group, analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Friday, November 14th will be issued a $1.19 dividend. This represents a $4.76 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Friday, November 14th. This is an increase from Honeywell International's previous quarterly dividend of $1.13. Honeywell International's dividend payout ratio (DPR) is presently 51.42%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Morgan Stanley upped their price target on Honeywell International from $225.00 to $245.00 and gave the company an "equal weight" rating in a report on Monday, July 28th. Royal Bank Of Canada cut their target price on 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. Wells Fargo & Company reduced their target price on Honeywell International from $230.00 to $220.00 and set an "equal weight" rating for the company in a research report on Monday. Weiss Ratings reissued a "buy (b-)" rating on shares of Honeywell International in a report on Saturday, September 27th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Honeywell International from $268.00 to $271.00 and gave the company a "buy" rating in a research note on Thursday, October 2nd. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, Honeywell International currently has a consensus rating of "Moderate Buy" and a consensus target price of $254.07.

Insider Buying and Selling

In related news, CEO Lucian Boldea sold 42,149 shares of the stock in a transaction that occurred 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 sale, the chief executive officer directly owned 10,334 shares in the company, valued at $2,289,807.72. This represents a 80.31% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.41% of the stock is currently owned by company insiders.

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.

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