Venture Visionary Partners LLC Has $2.84 Million Stock Holdings in Honeywell International Inc. $HON

Key Points

• Venture Visionary Partners LLC reduced its holdings in Honeywell International by 47%, now owning 13,421 shares valued at approximately $2.84 million.
• Honeywell International reported earnings of $2.75 per share for the last quarter, exceeding estimates, with revenue of $10.35 billion, up 8.1% from the previous year.
• The company announced a quarterly dividend of $1.13 per share, resulting in a 2.1% dividend yield and a payout ratio of 51.42%.

Venture Visionary Partners LLC lessened its stake in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 47.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,421 shares of the conglomerate's stock after selling 11,917 shares during the quarter. Venture Visionary Partners LLC's holdings in Honeywell International were worth $2,842,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HON. Nuveen LLC purchased a new stake in shares of Honeywell International in the first quarter valued at $1,150,929,000. GAMMA Investing LLC grew its holdings in Honeywell International by 20,894.0% in the 1st quarter. GAMMA Investing LLC now owns 1,326,614 shares of the conglomerate's stock valued at $2,809,110,000 after buying an additional 1,320,295 shares during the period. Wellington Management Group LLP grew its holdings in Honeywell International by 8.9% in the 1st quarter. Wellington Management Group LLP now owns 15,751,951 shares of the conglomerate's stock valued at $3,335,476,000 after buying an additional 1,293,137 shares during the period. OVERSEA CHINESE BANKING Corp Ltd increased its stake in shares of Honeywell International by 592.0% during the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 867,665 shares of the conglomerate's stock valued at $183,728,000 after acquiring an additional 742,281 shares during the last quarter. Finally, Leigh Baldwin & CO. LLC purchased a new position in shares of Honeywell International during the 4th quarter worth about $123,294,000. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Honeywell International Stock Performance

Shares of Honeywell International stock traded up $5.41 during trading on Friday, hitting $222.83. 3,282,206 shares of the stock were exchanged, compared to its average volume of 3,517,716. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.97 and a current ratio of 1.29. The stock's fifty day moving average is $226.94 and its 200 day moving average is $216.55. The stock has a market cap of $141.47 billion, a PE ratio of 25.35, a P/E/G ratio of 2.52 and a beta of 1.08. Honeywell International Inc. has a 12 month low of $179.36 and a 12 month high of $242.77.

Honeywell International (NASDAQ:HON - Get Free Report) last released its quarterly earnings results 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 for the quarter, compared to analysts' expectations of $10.01 billion. During the same quarter in the previous year, the company 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. As a group, sell-side analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Dividend Announcement

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

Analysts Set New Price Targets

A number of brokerages recently weighed in on HON. 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 report on Wednesday, May 7th. 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 research report on Wednesday, June 4th. Wall Street Zen raised shares of Honeywell International from a "hold" rating to a "buy" rating in a research report on Thursday, May 15th. Morgan Stanley raised their target price on shares of Honeywell International from $225.00 to $245.00 and gave the company an "equal weight" rating in a research note on Monday, July 28th. Finally, 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. One 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 company currently has a consensus rating of "Moderate Buy" and a consensus target price of $254.00.

Honeywell International 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.