State of Wyoming Cuts Stock Position in Honeywell International Inc. $HON

Key Points

• The State of Wyoming reduced its stake in Honeywell International Inc. by 39.8%, now holding 3,078 shares worth $652,000.
• CEO Lucian Boldea sold 42,149 shares at an average price of $221.58, significantly decreasing his ownership by 80.31%.
• Honeywell reported earnings of $2.75 EPS for the last quarter, surpassing estimates and indicating an 8.1% increase in revenue year-over-year.

State of Wyoming lowered its holdings in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 39.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,078 shares of the conglomerate's stock after selling 2,038 shares during the quarter. State of Wyoming's holdings in Honeywell International were worth $652,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Nuveen LLC bought a new stake in shares of Honeywell International in the 1st quarter worth about $1,150,929,000. GAMMA Investing LLC lifted its holdings in shares of 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 during the last quarter. Wellington Management Group LLP lifted its holdings in shares of Honeywell International by 8.9% in the 1st 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 last quarter. OVERSEA CHINESE BANKING Corp Ltd lifted its holdings in shares of Honeywell International by 592.0% in the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 867,665 shares of the conglomerate's stock worth $183,728,000 after acquiring an additional 742,281 shares during the last quarter. Finally, Leigh Baldwin & CO. LLC bought a new stake in shares of Honeywell International in the 4th quarter worth about $123,294,000. Institutional investors own 75.91% of the company's stock.

Honeywell International Stock Down 0.9%

NASDAQ HON traded down $1.90 during trading on Tuesday, reaching $217.60. 3,250,635 shares of the company's stock traded hands, compared to its average volume of 4,005,930. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.29 and a quick ratio of 0.97. The firm has a market cap of $138.15 billion, a price-to-earnings ratio of 24.76, a price-to-earnings-growth ratio of 2.48 and a beta of 1.05. The company's 50 day simple moving average is $226.71 and its two-hundred day simple moving average is $217.23. Honeywell International Inc. has a 12-month low of $179.36 and a 12-month high of $242.77.

Honeywell International (NASDAQ:HON - Get Free Report) last posted its earnings results on Thursday, July 24th. The conglomerate reported $2.75 EPS for the quarter, beating analysts' consensus estimates of $2.66 by $0.09. The business 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 company's revenue for the quarter was up 8.1% on a year-over-year basis. During the same quarter last year, the firm posted $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, sell-side analysts forecast that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 5th. Shareholders of record on Friday, August 15th will be given a dividend of $1.13 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a $4.52 dividend on an annualized basis and a yield of 2.1%. Honeywell International's dividend payout ratio (DPR) is 51.42%.

Insider Buying and Selling

In other Honeywell International news, CEO Lucian Boldea sold 42,149 shares of the firm's stock in a transaction dated 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 transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.41% of the company's stock.

Analysts Set New Price Targets

HON has been the subject of several analyst reports. Wells Fargo & Company lowered 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. Barclays raised their target price 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. Morgan Stanley lifted their price objective on shares of Honeywell International from $225.00 to $245.00 and gave the company an "equal weight" rating in a report on Monday, July 28th. Wall Street Zen upgraded shares of Honeywell International from a "hold" rating to a "buy" rating in a report on Thursday, May 15th. Finally, 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 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 given a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $254.00.

Honeywell International Company 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.