Spectrum Planning & Advisory Services Inc. Makes New Investment in Honeywell International Inc. $HON

Key Points

• Spectrum Planning & Advisory Services Inc. has purchased 1,211 shares of Honeywell International Inc. valued at approximately $282,000, marking a new investment in the company.
• Analysts have set mixed price targets for Honeywell, with Citigroup boosting its target to $265.00, while Wells Fargo lowered it to $230.00, leading to an average consensus price target of $254.00.
• Honeywell reported strong quarterly earnings, with an EPS of $2.75, exceeding analyst expectations, and announced a quarterly dividend of $1.13, reflecting a 2.2% yield.

Spectrum Planning & Advisory Services Inc. bought a new position in Honeywell International Inc. (NASDAQ:HON - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 1,211 shares of the conglomerate's stock, valued at approximately $282,000.

Several other hedge funds have also recently modified their holdings of HON. Brighton Jones LLC raised its stake 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 purchasing an additional 1,582 shares during the last quarter. Park Square Financial Group LLC purchased a new position in shares of Honeywell International in the fourth quarter worth $65,000. Probity Advisors Inc. purchased a new position in shares of Honeywell International in the fourth quarter worth $203,000. Wood Tarver Financial Group LLC purchased a new position in shares of Honeywell International in the fourth quarter worth $67,000. Finally, Copia Wealth Management purchased a new position in shares of Honeywell International in the fourth quarter worth $51,000. 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 analyst reports. Citigroup boosted their price target on Honeywell International from $242.00 to $265.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Wells Fargo & Company reduced their price objective on Honeywell International from $240.00 to $230.00 and set an "equal weight" rating for the company in a research report on Friday, July 25th. Barclays upped their price objective on Honeywell International from $258.00 to $265.00 and gave the company an "overweight" rating in a research report on Wednesday, July 9th. Morgan Stanley upped their price objective 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. Finally, Royal Bank Of Canada reduced their price objective on Honeywell International from $254.00 to $253.00 and set a "sector perform" rating for the company in a research report on Friday, July 25th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and eight have issued a Hold rating to the company's stock. Based on data from MarketBeat, Honeywell International currently has an average rating of "Moderate Buy" and a consensus price target of $254.00.

Honeywell International Stock Performance

Shares of HON opened at $208.60 on Thursday. 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 business has a 50-day simple moving average of $219.01 and a two-hundred day simple moving average of $217.34. The stock has a market cap of $132.44 billion, a price-to-earnings ratio of 23.73, a PEG ratio of 2.36 and a beta of 1.05. 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 issued its quarterly earnings results on Thursday, July 24th. The conglomerate reported $2.75 EPS for the quarter, topping analysts' consensus estimates of $2.66 by $0.09. The business had revenue of $10.35 billion during the quarter, compared to analysts' expectations of $10.01 billion. Honeywell International had a return on equity of 37.37% and a net margin of 14.30%.The business's quarterly revenue was up 8.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.49 earnings per share. 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 EPS for the current year.

Honeywell International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 5th. Stockholders of record on Friday, August 15th were paid a $1.13 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.2%. Honeywell International's dividend payout ratio is 51.42%.

Insider Buying and Selling at Honeywell International

In other news, CEO Lucian Boldea sold 42,149 shares of the company's stock in a transaction dated Wednesday, August 27th. The stock was 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 of the company's stock, valued at $2,289,807.72. This represents a 80.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.20% of the stock is currently owned by company insiders.

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.

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