Wealth Enhancement Advisory Services LLC Has $76.99 Million Stock Position in Honeywell International Inc. $HON

Key Points

• Wealth Enhancement Advisory Services LLC reduced its stake in Honeywell International Inc. by 4.2%, now holding 320,269 shares valued at approximately $76.99 million.
• Honeywell's Q2 earnings exceeded analysts' expectations, reporting $2.75 EPS against a forecast of $2.66, with revenues also surpassing estimates.
• The company declared a quarterly dividend of $1.13, yielding 2.2%, with a payout ratio of 51.42%.

Wealth Enhancement Advisory Services LLC lessened its stake in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 4.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 320,269 shares of the conglomerate's stock after selling 13,876 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Honeywell International were worth $76,993,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of Honeywell International by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 62,209,455 shares of the conglomerate's stock worth $13,172,852,000 after buying an additional 447,744 shares in the last quarter. Wellington Management Group LLP lifted 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 acquiring an additional 1,293,137 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in Honeywell International by 9.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 6,038,080 shares of the conglomerate's stock valued at $1,278,563,000 after acquiring an additional 505,083 shares during the last quarter. Invesco Ltd. lifted its holdings in Honeywell International by 5.4% in the 1st quarter. Invesco Ltd. now owns 5,568,610 shares of the conglomerate's stock valued at $1,179,153,000 after acquiring an additional 283,193 shares during the last quarter. Finally, Nuveen LLC acquired a new stake in Honeywell International in the 1st quarter valued at about $1,150,929,000. Institutional investors and hedge funds own 75.91% of the company's stock.

Honeywell International Stock Down 0.2%

HON stock traded down $0.37 during trading hours on Monday, hitting $209.00. The company's stock had a trading volume of 4,804,573 shares, compared to its average volume of 3,854,997. 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 market capitalization of $132.69 billion, a PE ratio of 23.78, a price-to-earnings-growth ratio of 2.36 and a beta of 1.05. Honeywell International Inc. has a 12 month low of $179.36 and a 12 month high of $242.77. The stock has a 50 day moving average price of $220.09 and a two-hundred day moving average price of $217.46.

Honeywell International (NASDAQ:HON - Get Free Report) last posted its earnings results on Thursday, July 24th. The conglomerate reported $2.75 EPS for the quarter, topping the consensus estimate of $2.66 by $0.09. The company had revenue of $10.35 billion during the quarter, compared to the consensus estimate of $10.01 billion. Honeywell International had a net margin of 14.30% and a return on equity of 37.37%. The company's revenue for the quarter was up 8.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.49 earnings per share. Honeywell International has set its FY 2025 guidance at 10.450-10.650 EPS. Q3 2025 guidance at 2.500-2.600 EPS. On average, equities research analysts expect that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 5th. Investors of record on Friday, August 15th were paid a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend was Friday, August 15th. Honeywell International's dividend payout ratio (DPR) is presently 51.42%.

Insider Buying and Selling at Honeywell International

In related news, CEO Lucian Boldea sold 42,149 shares of the firm's stock in a transaction that occurred 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 transaction, the chief executive officer directly owned 10,334 shares of the company's stock, valued at approximately $2,289,807.72. This trade represents a 80.31% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.41% of the company's stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Wells Fargo & Company reduced their target price on shares of Honeywell International from $240.00 to $230.00 and set an "equal weight" rating for the company in a report on Friday, July 25th. Citigroup boosted their price objective on Honeywell International from $242.00 to $265.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Royal Bank Of Canada reduced their price target on shares of Honeywell International from $254.00 to $253.00 and set a "sector perform" rating for the company in a research report on Friday, July 25th. Morgan Stanley raised their target price on Honeywell International from $225.00 to $245.00 and gave the stock an "equal weight" rating in a research report on Monday, July 28th. Finally, Barclays raised their target price on Honeywell International from $258.00 to $265.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 9th. 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 stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $254.00.

Honeywell International Company 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.