Two Point Capital Management Inc. Purchases New Position in Honeywell International Inc. $HON

Key Points

• Two Point Capital Management Inc. has purchased 41,673 shares of Honeywell International valued at approximately $9.7 million, making it the company's 13th largest position.
• Several other institutional investors have also increased their stakes in Honeywell, contributing to a total of 75.91% institutional ownership of the company's stock.
• Honeywell International recently increased its quarterly dividend from $1.13 to $1.19, representing an annual yield of 2.3% and a payout ratio of 54.15%.

Two Point Capital Management Inc. acquired a new position in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 41,673 shares of the conglomerate's stock, valued at approximately $9,705,000. Honeywell International accounts for 4.1% of Two Point Capital Management Inc.'s investment portfolio, making the stock its 13th biggest position.

A number of other hedge funds and other institutional investors have also made changes to their positions in HON. Pandora Wealth Inc. bought a new stake in shares of Honeywell International in the first quarter valued at about $33,000. 1248 Management LLC purchased a new position in Honeywell International during the 1st quarter valued at about $38,000. Dogwood Wealth Management LLC raised its holdings in shares of Honeywell International by 143.9% in the 2nd quarter. Dogwood Wealth Management LLC now owns 161 shares of the conglomerate's stock valued at $39,000 after purchasing an additional 95 shares in the last quarter. Stone House Investment Management LLC purchased a new stake in shares of Honeywell International in the 1st quarter worth approximately $41,000. Finally, Quarry LP bought a new position in shares of Honeywell International during the first quarter valued at approximately $41,000. Institutional investors own 75.91% of the company's stock.

Analysts Set New Price Targets

A number of research firms have weighed in on HON. Royal Bank Of Canada lowered their target price on Honeywell International from $254.00 to $253.00 and set a "sector perform" rating for the company in a report on Friday, July 25th. Deutsche Bank Aktiengesellschaft raised their price objective on Honeywell International from $268.00 to $271.00 and gave the company a "buy" rating in a research report on Thursday. Wells Fargo & Company decreased 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 research report on Friday, July 25th. Morgan Stanley lifted their price objective on shares of Honeywell International from $225.00 to $245.00 and gave the stock an "equal weight" rating in a research report on Monday, July 28th. Finally, Barclays raised their target price on shares of Honeywell International from $258.00 to $265.00 and gave the company an "overweight" rating in a research note on Wednesday, July 9th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $254.79.

Insider Buying and Selling at Honeywell International

In related news, CEO Lucian Boldea sold 42,149 shares of the firm's stock in a transaction on 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 transaction, the chief executive officer owned 10,334 shares of the company's stock, valued at $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 SEC, which is available at this hyperlink. 0.20% of the stock is owned by insiders.

Honeywell International Stock Up 0.4%

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. Honeywell International Inc. has a twelve month low of $179.36 and a twelve month high of $242.77. The company has a market cap of $133.97 billion, a PE ratio of 24.01, a P/E/G ratio of 2.37 and a beta of 1.06. The company's 50 day moving average is $215.93 and its two-hundred day moving average is $217.35.

Honeywell International (NASDAQ:HON - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The conglomerate reported $2.75 EPS for the quarter, topping 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 business had revenue of $10.35 billion during the quarter, compared to the consensus estimate of $10.01 billion. During the same period in the previous year, the firm posted $2.49 earnings per share. The business's revenue for the quarter was up 8.1% compared to the same quarter last year. Honeywell International has set its FY 2025 guidance at 10.450-10.650 EPS. Q3 2025 guidance at 2.500-2.600 EPS. Analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Friday, November 14th will be issued a $1.19 dividend. This is an increase from Honeywell International's previous quarterly dividend of $1.13. The ex-dividend date of this dividend is Friday, November 14th. This represents a $4.76 annualized dividend and a dividend yield of 2.3%. Honeywell International's payout ratio is currently 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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