Venturi Wealth Management LLC Invests $964,000 in Honeywell International Inc. $HON

Key Points

• Venturi Wealth Management LLC invested approximately $964,000 in Honeywell International by acquiring 4,138 shares during the second quarter.
• Several institutional investors, including Chung Wu Investment Group and RMG Wealth Management, also acquired new stakes in Honeywell, contributing to a total of 75.91% of the stock being owned by institutional investors.
• Honeywell recently increased its quarterly dividend from $1.13 to $1.19, with a scheduled payment on December 5th, leading to an annualized yield of 2.3%.

Venturi Wealth Management LLC acquired a new position in Honeywell International Inc. (NASDAQ:HON - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 4,138 shares of the conglomerate's stock, valued at approximately $964,000.

Other institutional investors have also made changes to their positions in the company. Chung Wu Investment Group LLC acquired a new stake in Honeywell International during the second quarter worth about $26,000. RMG Wealth Management LLC acquired a new stake in Honeywell International during the second quarter worth about $33,000. Pandora Wealth Inc. acquired a new stake in Honeywell International during the first quarter worth about $33,000. Dogwood Wealth Management LLC grew its position in Honeywell International by 143.9% during the second quarter. Dogwood Wealth Management LLC now owns 161 shares of the conglomerate's stock worth $39,000 after buying an additional 95 shares in the last quarter. Finally, 1248 Management LLC acquired a new stake in Honeywell International during the first quarter valued at approximately $38,000. 75.91% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

HON has been the topic of a number of recent research reports. Barclays lifted their price objective on Honeywell International from $258.00 to $265.00 and gave the company an "overweight" rating in a report on Wednesday, July 9th. Wells Fargo & Company decreased their price objective on Honeywell International from $230.00 to $220.00 and set an "equal weight" rating on the stock in a report on Monday. Deutsche Bank Aktiengesellschaft lifted their price objective on Honeywell International from $268.00 to $271.00 and gave the company a "buy" rating in a report on Thursday, October 2nd. TD Cowen decreased their price objective on Honeywell International from $260.00 to $250.00 in a report on Tuesday. Finally, Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Honeywell International in a report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and eight have given a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $251.80.

Insiders Place Their Bets

In related news, CEO Lucian Boldea sold 42,149 shares of the business'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 completion of the transaction, the chief executive officer owned 10,334 shares in the company, valued at $2,289,807.72. The trade was a 80.31% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.20% of the stock is owned by company insiders.

Honeywell International Stock Performance

NASDAQ:HON opened at $209.85 on Thursday. Honeywell International Inc. has a 1 year low of $179.36 and a 1 year high of $242.77. The firm has a 50 day moving average of $214.81 and a 200-day moving average of $217.33. The company has a current ratio of 1.29, a quick ratio of 0.97 and a debt-to-equity ratio of 1.81. The stock has a market capitalization of $133.23 billion, a P/E ratio of 23.87, a price-to-earnings-growth ratio of 2.34 and a beta of 1.06.

Honeywell International (NASDAQ:HON - Get Free Report) last posted its quarterly earnings data 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. Honeywell International had a net margin of 14.30% and a return on equity of 37.37%. The firm 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 company posted $2.49 EPS. Honeywell International's revenue 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, sell-side analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Friday, November 14th will be given a $1.19 dividend. This is a boost from Honeywell International's previous quarterly dividend of $1.13. The ex-dividend date is Friday, November 14th. This represents a $4.76 annualized dividend and a yield of 2.3%. Honeywell International's dividend payout ratio is presently 54.15%.

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.

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