Waycross Partners LLC Increases Position in Honeywell International Inc. $HON

Key Points

• Waycross Partners LLC increased its stake in Honeywell International Inc. by 3.8%, acquiring an additional 4,728 shares, bringing its total ownership to 129,167 shares valued at approximately $30 million.
• Several institutional investors have notably updated their holdings in Honeywell, with Nuveen LLC purchasing a stake worth about $1.15 billion and GAMMA Investing LLC dramatically increasing its stake by 20,894.0%.
• Honeywell International announced a quarterly dividend of $1.13 per share, reflecting an annualized dividend yield of 2.2%, as the company prepares for its FY 2025 earnings guidance.

Waycross Partners LLC grew its stake in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 3.8% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 129,167 shares of the conglomerate's stock after acquiring an additional 4,728 shares during the period. Honeywell International comprises approximately 2.8% of Waycross Partners LLC's investment portfolio, making the stock its 14th biggest holding. Waycross Partners LLC's holdings in Honeywell International were worth $30,080,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of HON. Nuveen LLC bought a new stake in shares of Honeywell International during the first quarter valued at approximately $1,150,929,000. GAMMA Investing LLC raised its stake in shares of Honeywell International by 20,894.0% during the first quarter. GAMMA Investing LLC now owns 1,326,614 shares of the conglomerate's stock valued at $2,809,110,000 after acquiring an additional 1,320,295 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of Honeywell International by 8.9% during the first quarter. Wellington Management Group LLP now owns 15,751,951 shares of the conglomerate's stock valued at $3,335,476,000 after acquiring an additional 1,293,137 shares in the last quarter. Alliancebernstein L.P. raised its stake in shares of Honeywell International by 64.6% during the first quarter. Alliancebernstein L.P. now owns 2,652,344 shares of the conglomerate's stock valued at $561,634,000 after acquiring an additional 1,041,273 shares in the last quarter. Finally, Vista Cima Wealth Management LLC bought a new stake in shares of Honeywell International during the first quarter valued at approximately $164,000. Institutional investors own 75.91% of the company's stock.

Insider Buying and Selling at Honeywell International

In related news, CEO Lucian Boldea sold 42,149 shares of the company's stock in a transaction dated 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 in the company, valued at $2,289,807.72. This represents a 80.31% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.41% of the stock is currently owned by company insiders.

Honeywell International Stock Up 0.1%

HON opened at $209.31 on Wednesday. Honeywell International Inc. has a twelve month low of $179.36 and a twelve month high of $242.77. 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 company has a 50-day moving average price of $219.57 and a 200 day moving average price of $217.40. The company has a market cap of $132.89 billion, a PE ratio of 23.81, a price-to-earnings-growth ratio of 2.36 and a beta of 1.05.

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, 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 the consensus estimate of $10.01 billion. During the same quarter in the prior year, the firm earned $2.49 EPS. The company's revenue for the quarter 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. Sell-side analysts expect that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 5th. Investors of record on Friday, August 15th were given a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a dividend yield of 2.2%. The ex-dividend date was Friday, August 15th. Honeywell International's dividend payout ratio is 51.42%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on HON shares. Citigroup boosted their price objective on shares of Honeywell International from $242.00 to $265.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. 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. Morgan Stanley upped their target price on Honeywell International from $225.00 to $245.00 and gave the stock an "equal weight" rating in a report on Monday, July 28th. Barclays upped their target price on Honeywell International from $258.00 to $265.00 and gave the stock an "overweight" rating in a report on Wednesday, July 9th. Finally, Wells Fargo & Company lowered their target price on Honeywell International from $240.00 to $230.00 and set an "equal weight" rating for the company in a report on Friday, July 25th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, Honeywell International presently has an average rating of "Moderate Buy" and an average price target 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.

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