Summit Financial LLC Trims Stock Holdings in Honeywell International Inc. $HON

Key Points

• Summit Financial LLC reduced its stake in Honeywell International Inc. by 13.5%, holding 29,694 shares valued at approximately $6.29 million after selling 4,653 shares in the first quarter.
• Several institutional investors, including Brighton Jones LLC and J. Stern & Co. LLP, have increased their positions in Honeywell, reflecting strong institutional interest as they own 75.91% of the stock.
• Honeywell's recent earnings report showed an EPS of $2.75, exceeding estimates, with a revenue of $10.35 billion and an annualized dividend yield of 2.1%.

Summit Financial LLC decreased its holdings in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 13.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,694 shares of the conglomerate's stock after selling 4,653 shares during the period. Summit Financial LLC's holdings in Honeywell International were worth $6,288,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in HON. Mpwm Advisory Solutions LLC purchased a new position in Honeywell International in the 4th quarter valued at $29,000. Pandora Wealth Inc. purchased a new position in Honeywell International in the 1st quarter valued at $33,000. Accredited Wealth Management LLC purchased a new position in Honeywell International in the 4th quarter valued at $34,000. Banque de Luxembourg S.A. purchased a new position in Honeywell International in the 4th quarter valued at $38,000. Finally, Stone House Investment Management LLC purchased a new position in Honeywell International in the 1st quarter valued at $41,000. Hedge funds and other institutional investors own 75.91% of the company's stock.

Honeywell International Stock Down 1.0%

HON stock traded down $2.22 during trading on Monday, hitting $220.61. 2,256,872 shares of the company's stock were exchanged, compared to its average volume of 4,043,315. The business has a 50-day moving average price of $226.94 and a two-hundred day moving average price of $216.59. The stock has a market capitalization of $140.07 billion, a price-to-earnings ratio of 25.10, a PEG ratio of 2.52 and a beta of 1.08. Honeywell International Inc. has a 52-week low of $179.36 and a 52-week high of $242.77. The company has a current ratio of 1.29, a quick ratio of 0.97 and a debt-to-equity ratio of 1.81.

Honeywell International (NASDAQ:HON - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The conglomerate reported $2.75 earnings per share for the quarter, beating analysts' consensus estimates of $2.66 by $0.09. Honeywell International had a return on equity of 37.37% and a net margin of 14.30%.The company had revenue of $10.35 billion during the quarter, compared to analysts' expectations of $10.01 billion. During the same quarter in the previous year, the business earned $2.49 earnings per share. 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, equities research analysts expect that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Shareholders of record on Friday, August 15th will be paid a $1.13 dividend. The ex-dividend date is Friday, August 15th. This represents a $4.52 dividend on an annualized basis and a yield of 2.0%. Honeywell International's payout ratio is currently 51.42%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on HON. Mizuho lifted their price target on Honeywell International from $235.00 to $250.00 and gave the stock an "outperform" rating in a report on Friday, May 16th. Citigroup lifted their price target on Honeywell International from $242.00 to $265.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Bank of America upgraded Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 price target on the stock in a report on Wednesday, May 7th. Morgan Stanley lifted their price target on Honeywell International from $225.00 to $245.00 and gave the stock an "equal weight" rating in a report on Monday, July 28th. Finally, Wall Street Zen upgraded Honeywell International from a "hold" rating to a "buy" rating in a report on Thursday, May 15th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and eight have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price 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.