Sterling Investment Counsel LLC Cuts Stake in Honeywell International Inc. $HON

Key Points

• Sterling Investment Counsel LLC has significantly reduced its stake in Honeywell International Inc. by 73.7%, now owning only 1,342 shares valued at approximately $313,000.
• Honeywell recently announced an increase in its quarterly dividend from $1.13 to $1.19 per share, representing an annualized dividend yield of 2.3% and a payout ratio of 54.15%.
• Analysts have varied opinions on Honeywell, with price targets ranging from $230 to $271, and an overall average rating of "Moderate Buy" and an average target price of $254.79.

Sterling Investment Counsel LLC lowered its position in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 73.7% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,342 shares of the conglomerate's stock after selling 3,753 shares during the quarter. Sterling Investment Counsel LLC's holdings in Honeywell International were worth $313,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Pandora Wealth Inc. purchased a new position in Honeywell International during the 1st quarter worth $33,000. 1248 Management LLC purchased a new position in Honeywell International during the 1st quarter worth $38,000. Dogwood Wealth Management LLC raised its position in Honeywell International by 143.9% during the 2nd quarter. Dogwood Wealth Management LLC now owns 161 shares of the conglomerate's stock worth $39,000 after buying an additional 95 shares during the last quarter. Stone House Investment Management LLC purchased a new position in shares of Honeywell International in the 1st quarter valued at about $41,000. Finally, Quarry LP purchased a new position in shares of Honeywell International in the 1st quarter valued at about $41,000. Hedge funds and other institutional investors own 75.91% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on HON shares. Morgan Stanley increased their price target 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. Wells Fargo & Company cut their price target 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. Deutsche Bank Aktiengesellschaft increased their price target on shares of Honeywell International from $268.00 to $271.00 and gave the company a "buy" rating in a report on Thursday. Barclays increased 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. Finally, Royal Bank Of Canada cut their price target 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 equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eight have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $254.79.

Insider Activity at Honeywell International

In other news, CEO Lucian Boldea sold 42,149 shares of Honeywell International 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 completion of the sale, the chief executive officer directly owned 10,334 shares in the company, valued at $2,289,807.72. The trade was a 80.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.20% of the stock is currently owned by company insiders.

Honeywell International Stock Performance

NASDAQ:HON opened at $211.01 on Friday. 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 firm has a 50-day moving average price of $215.93 and a two-hundred day moving average price of $217.35. Honeywell International Inc. has a twelve month low of $179.36 and a twelve month high of $242.77. The company has a market capitalization of $133.97 billion, a P/E ratio of 24.01, a price-to-earnings-growth ratio of 2.37 and a beta of 1.06.

Honeywell International (NASDAQ:HON - Get Free Report) last posted its earnings results on Thursday, July 24th. The conglomerate reported $2.75 earnings per share for the quarter, beating the consensus estimate of $2.66 by $0.09. Honeywell International had a net margin of 14.30% and a return on equity of 37.37%. The firm had revenue of $10.35 billion during the quarter, compared to the consensus estimate of $10.01 billion. During the same period last year, the firm posted $2.49 EPS. The firm's revenue for the quarter 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. As a group, research analysts expect that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Increases Dividend

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

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.

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