Strathmore Capital Advisors Inc. Acquires Shares of 4,132 Honeywell International Inc. $HON

Key Points

• Strathmore Capital Advisors Inc. acquired a new stake in Honeywell International Inc., purchasing 4,132 shares valued at approximately $986,000 during the second quarter of the year.
• Analysts have set a consensus price target of $254.00 for Honeywell stock, with a majority rating it between "Buy" and "Hold".
• Honeywell reported a quarterly earnings per share (EPS) of $2.75, exceeding expectations, and announced a quarterly dividend of $1.13 per share.

Strathmore Capital Advisors Inc. bought a new stake in Honeywell International Inc. (NASDAQ:HON - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 4,132 shares of the conglomerate's stock, valued at approximately $986,000.

A number of other hedge funds have also added to or reduced their stakes in HON. Brighton Jones LLC grew its stake in Honeywell International by 9.1% in the 4th quarter. Brighton Jones LLC now owns 19,047 shares of the conglomerate's stock valued at $4,302,000 after buying an additional 1,582 shares during the last quarter. Vident Advisory LLC lifted its stake in Honeywell International by 0.9% during the fourth quarter. Vident Advisory LLC now owns 15,134 shares of the conglomerate's stock worth $3,419,000 after purchasing an additional 129 shares during the last quarter. Waverly Advisors LLC lifted its stake in Honeywell International by 26.9% during the fourth quarter. Waverly Advisors LLC now owns 18,028 shares of the conglomerate's stock worth $4,072,000 after purchasing an additional 3,825 shares during the last quarter. Mpwm Advisory Solutions LLC bought a new stake in Honeywell International during the fourth quarter worth $29,000. Finally, Kolinsky Wealth Management LLC lifted its stake in Honeywell International by 13.8% during the fourth quarter. Kolinsky Wealth Management LLC now owns 1,666 shares of the conglomerate's stock worth $376,000 after purchasing an additional 202 shares during the last quarter. Institutional investors own 75.91% of the company's stock.

Honeywell International Price Performance

HON traded down $0.83 on Friday, reaching $209.37. The company had a trading volume of 11,004,750 shares, compared to its average volume of 3,468,831. The company has a market cap of $132.93 billion, a price-to-earnings ratio of 23.82, a P/E/G 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. The business has a 50 day simple moving average of $220.67 and a 200 day simple moving average of $217.40. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.97 and a current ratio of 1.29.

Honeywell International (NASDAQ:HON - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The conglomerate reported $2.75 EPS for the quarter, topping the consensus estimate of $2.66 by $0.09. The firm 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 business's revenue was up 8.1% compared to the same quarter last year. During the same period last year, the firm 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. As a group, sell-side analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 5th. Stockholders of record on Friday, August 15th were issued a $1.13 dividend. The ex-dividend date was Friday, August 15th. This represents a $4.52 annualized dividend and a dividend yield of 2.2%. Honeywell International's dividend payout ratio (DPR) is currently 51.42%.

Insider Activity

In other news, CEO Lucian Boldea sold 42,149 shares of the firm's stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $221.58, for a total value of $9,339,375.42. Following the transaction, the chief executive officer owned 10,334 shares in the company, valued at approximately $2,289,807.72. This trade represents a 80.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.20% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Citigroup lifted their price target on shares of Honeywell International from $242.00 to $265.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. Morgan Stanley lifted 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 reduced their target price on shares of Honeywell International from $240.00 to $230.00 and set an "equal weight" rating on the stock in a report on Friday, July 25th. Barclays boosted 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. Finally, Royal Bank Of Canada dropped their price target on shares of Honeywell International from $254.00 to $253.00 and set a "sector perform" rating on the stock in a research report on Friday, July 25th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and eight have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $254.00.

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.