Wallington Asset Management LLC Has $20.23 Million Stock Holdings in Honeywell International Inc. $HON

Wallington Asset Management LLC boosted its position in Honeywell International Inc. (NASDAQ:HON - Free Report) by 2.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 86,847 shares of the conglomerate's stock after buying an additional 1,676 shares during the quarter. Honeywell International makes up about 2.8% of Wallington Asset Management LLC's portfolio, making the stock its 12th biggest position. Wallington Asset Management LLC's holdings in Honeywell International were worth $20,225,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Red Door Wealth Management LLC raised its position in Honeywell International by 2.6% in the 1st quarter. Red Door Wealth Management LLC now owns 29,090 shares of the conglomerate's stock valued at $6,160,000 after buying an additional 736 shares during the last quarter. Amundi grew its stake in Honeywell International by 30.2% in the first quarter. Amundi now owns 519,882 shares of the conglomerate's stock valued at $107,450,000 after purchasing an additional 120,706 shares in the last quarter. Spinnaker Trust grew its stake in Honeywell International by 2.4% in the first quarter. Spinnaker Trust now owns 11,598 shares of the conglomerate's stock valued at $2,456,000 after purchasing an additional 276 shares in the last quarter. Integrated Wealth Concepts LLC grew its stake in Honeywell International by 11.4% in the first quarter. Integrated Wealth Concepts LLC now owns 28,502 shares of the conglomerate's stock valued at $6,035,000 after purchasing an additional 2,915 shares in the last quarter. Finally, Beacon Financial Group grew its stake in Honeywell International by 52.6% in the first quarter. Beacon Financial Group now owns 3,759 shares of the conglomerate's stock valued at $796,000 after purchasing an additional 1,295 shares in the last quarter. Institutional investors and hedge funds own 75.91% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Weiss Ratings restated a "buy (b-)" rating on shares of Honeywell International in a research note on Saturday, September 27th. Deutsche Bank Aktiengesellschaft raised their price target on Honeywell International from $268.00 to $271.00 and gave the company a "buy" rating in a research note on Thursday. Morgan Stanley raised their price target on Honeywell International from $225.00 to $245.00 and gave the company an "equal weight" rating in a research note on Monday, July 28th. Barclays raised their price target on Honeywell International from $258.00 to $265.00 and gave the company an "overweight" rating in a research note on Wednesday, July 9th. Finally, Wells Fargo & Company reduced their target price on Honeywell International from $240.00 to $230.00 and set an "equal weight" rating for the company in a research note on Friday, July 25th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Honeywell International presently has an average rating of "Moderate Buy" and an average price target of $254.79.

Insider Transactions at Honeywell International

In related news, CEO Lucian Boldea sold 42,149 shares of the business's stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $221.58, for a total value of $9,339,375.42. Following the completion of the sale, the chief executive officer directly 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 through the SEC website. 0.20% of the stock is owned by company insiders.

Honeywell International Stock Performance

HON opened at $209.05 on Friday. The business has a fifty day simple moving average of $215.63 and a 200 day simple moving average of $217.34. The company has a market capitalization of $132.73 billion, a PE ratio of 23.78, a price-to-earnings-growth ratio of 2.38 and a beta of 1.06. Honeywell International Inc. has a 1 year low of $179.36 and a 1 year high of $242.77. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.29 and a quick ratio of 0.97.

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 (EPS) for the quarter, beating 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 firm's quarterly revenue was up 8.1% on a year-over-year basis. During the same period in the previous 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. Research analysts expect that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Friday, November 14th will be paid 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 51.42%.

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.

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