Van Hulzen Asset Management LLC Decreases Stake in Honeywell International Inc. $HON

Key Points

• Van Hulzen Asset Management LLC sold 27,504 shares of Honeywell International Inc., reducing its stake by 58.1% in the first quarter, now holding 19,874 shares valued at approximately $4.2 million.
• Honeywell reported $2.75 earnings per share for the quarter, exceeding analyst expectations of $2.66, with revenues totaling $10.35 billion, an 8.1% increase year-over-year.
• The company announced a quarterly dividend of $1.13 per share, with a dividend yield of 2.1%, to be paid on September 5th, for investors of record as of August 15th.

Van Hulzen Asset Management LLC lowered its holdings in Honeywell International Inc. (NASDAQ:HON - Free Report) by 58.1% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 19,874 shares of the conglomerate's stock after selling 27,504 shares during the quarter. Van Hulzen Asset Management LLC's holdings in Honeywell International were worth $4,208,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Allstate Corp grew its stake in Honeywell International by 15.7% in the first quarter. Allstate Corp now owns 22,406 shares of the conglomerate's stock valued at $4,744,000 after purchasing an additional 3,042 shares during the last quarter. Kestra Advisory Services LLC grew its stake in Honeywell International by 5.4% in the first quarter. Kestra Advisory Services LLC now owns 98,654 shares of the conglomerate's stock valued at $20,890,000 after purchasing an additional 5,033 shares during the last quarter. Kelly Lawrence W & Associates Inc. CA grew its stake in Honeywell International by 22.3% in the first quarter. Kelly Lawrence W & Associates Inc. CA now owns 2,005 shares of the conglomerate's stock valued at $425,000 after purchasing an additional 365 shares during the last quarter. Monetary Management Group Inc. grew its stake in Honeywell International by 3.2% in the first quarter. Monetary Management Group Inc. now owns 6,400 shares of the conglomerate's stock valued at $1,355,000 after purchasing an additional 200 shares during the last quarter. Finally, Bragg Financial Advisors Inc grew its stake in Honeywell International by 0.9% in the first quarter. Bragg Financial Advisors Inc now owns 66,029 shares of the conglomerate's stock valued at $13,982,000 after purchasing an additional 574 shares during the last quarter. Institutional investors own 75.91% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on HON shares. Bank of America upgraded Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 target price on the stock in a research note on Wednesday, May 7th. Wells Fargo & Company cut their target price on Honeywell International from $240.00 to $230.00 and set an "equal weight" rating on the stock in a research note on Friday, July 25th. JPMorgan Chase & Co. lifted their target price on Honeywell International from $182.00 to $217.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. Royal Bank Of Canada lowered their price target 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. Finally, Morgan Stanley upped 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. 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 company's stock. According to data from MarketBeat.com, Honeywell International has a consensus rating of "Moderate Buy" and a consensus price target of $254.00.

Honeywell International Price Performance

Shares of HON stock traded down $2.22 during trading hours 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 company has a quick ratio of 0.97, a current ratio of 1.29 and a debt-to-equity ratio of 1.81. The firm has a market cap of $140.07 billion, a P/E ratio of 25.10, a P/E/G ratio of 2.52 and a beta of 1.08. The firm has a 50 day moving average of $226.94 and a two-hundred day moving average of $216.59. Honeywell International Inc. has a fifty-two week low of $179.36 and a fifty-two week high of $242.77.

Honeywell International (NASDAQ:HON - Get Free Report) last announced its earnings results on Thursday, July 24th. The conglomerate reported $2.75 earnings per share for the quarter, topping the consensus estimate of $2.66 by $0.09. The business had revenue of $10.35 billion during the quarter, compared to the consensus estimate of $10.01 billion. Honeywell International had a return on equity of 37.37% and a net margin of 14.30%.The business's quarterly revenue was up 8.1% on a year-over-year basis. During the same period in the prior year, the company 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. Sell-side analysts forecast that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Announces Dividend

The business also recently announced 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 of this dividend is Friday, August 15th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.0%. Honeywell International's dividend payout ratio (DPR) is 51.42%.

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.