Simplicity Wealth LLC Grows Stake in Honeywell International Inc. $HON

Key Points

• Simplicity Wealth LLC increased its stake in Honeywell International Inc. by 66.0% during the 2nd quarter, holding 12,836 shares worth approximately $2.99 million.
• Honeywell reported $2.75 EPS for the last quarter, exceeding estimates by $0.09, with revenues at $10.35 billion, up 8.1% from the previous year.
• The company has raised its quarterly dividend to $1.19 per share, resulting in a 2.3% dividend yield, marking an increase from the previous dividend of $1.13.

Simplicity Wealth LLC increased its position in Honeywell International Inc. (NASDAQ:HON - Free Report) by 66.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,836 shares of the conglomerate's stock after acquiring an additional 5,102 shares during the period. Simplicity Wealth LLC's holdings in Honeywell International were worth $2,989,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of HON. Pandora Wealth Inc. bought a new position in shares of Honeywell International in the 1st quarter worth approximately $33,000. Dogwood Wealth Management LLC raised its position in Honeywell International by 143.9% in the second quarter. Dogwood Wealth Management LLC now owns 161 shares of the conglomerate's stock worth $39,000 after acquiring an additional 95 shares during the period. 1248 Management LLC purchased a new position in shares of Honeywell International during the 1st quarter worth $38,000. Quarry LP bought a new stake in shares of Honeywell International during the 1st quarter valued at $41,000. Finally, Stone House Investment Management LLC purchased a new stake in shares of Honeywell International in the 1st quarter worth $41,000. Institutional investors own 75.91% of the company's stock.

Honeywell International Stock Performance

Shares of NASDAQ:HON opened at $209.05 on Monday. The firm has a fifty day simple moving average of $215.63 and a two-hundred day simple moving average of $217.45. Honeywell International Inc. has a 52 week low of $179.36 and a 52 week high of $242.77. The company has a quick ratio of 0.97, a current ratio of 1.29 and a debt-to-equity ratio of 1.81. The stock has a market capitalization of $132.73 billion, a P/E ratio of 23.78, a PEG ratio of 2.34 and a beta of 1.06.

Honeywell International (NASDAQ:HON - Get Free Report) last announced its earnings results 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 analysts' expectations of $10.01 billion. Honeywell International had a net margin of 14.30% and a return on equity of 37.37%. The business's revenue was up 8.1% compared to the same quarter last year. During the same period in the prior 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. On average, analysts expect that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Friday, November 14th will be given a dividend of $1.19 per share. The ex-dividend date of this dividend is Friday, November 14th. This represents a $4.76 annualized dividend and a dividend yield of 2.3%. This is an increase from Honeywell International's previous quarterly dividend of $1.13. Honeywell International's dividend payout ratio is presently 54.15%.

Insiders Place Their Bets

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

Analyst Ratings Changes

HON has been the topic of several analyst reports. Morgan Stanley lifted their target price on Honeywell International from $225.00 to $245.00 and gave the company an "equal weight" rating in a research report on Monday, July 28th. Wells Fargo & Company decreased their price objective on Honeywell International from $240.00 to $230.00 and set an "equal weight" rating on the stock in a research note on Friday, July 25th. Royal Bank Of Canada cut their price objective 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. Weiss Ratings restated a "buy (b-)" rating on shares of Honeywell International in a research note on Saturday, September 27th. Finally, Barclays lifted their price target on shares of Honeywell International from $258.00 to $265.00 and gave the company an "overweight" rating in a report on Wednesday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, Honeywell International currently has an average rating of "Moderate Buy" and a consensus target price of $254.79.

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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