Wise Wealth Partners Buys Shares of 1,848 Honeywell International Inc. $HON

Key Points

• Wise Wealth Partners acquired a new position in Honeywell International Inc., purchasing 1,848 shares valued at approximately $430,000 during Q2.
• Honeywell's recent quarterly earnings report showed an EPS of $2.75, surpassing expectations, with an 8.1% year-over-year revenue increase to $10.35 billion.
• The company announced an increase in its quarterly dividend to $1.19 per share, reflecting a positive change from the previous dividend, with a payout ratio of 51.42%.

Wise Wealth Partners purchased a new position in Honeywell International Inc. (NASDAQ:HON - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,848 shares of the conglomerate's stock, valued at approximately $430,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Nuveen LLC purchased a new position in Honeywell International in the first quarter worth $1,150,929,000. Wellington Management Group LLP lifted its stake in Honeywell International by 8.9% during the first quarter. Wellington Management Group LLP now owns 15,751,951 shares of the conglomerate's stock worth $3,335,476,000 after purchasing an additional 1,293,137 shares during the last quarter. Alliancebernstein L.P. lifted its stake in Honeywell International by 64.6% during the first quarter. Alliancebernstein L.P. now owns 2,652,344 shares of the conglomerate's stock worth $561,634,000 after purchasing an additional 1,041,273 shares during the last quarter. Vista Cima Wealth Management LLC purchased a new stake in Honeywell International in the first quarter worth approximately $164,000. Finally, OVERSEA CHINESE BANKING Corp Ltd boosted its stake in shares of Honeywell International by 592.0% in the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 867,665 shares of the conglomerate's stock valued at $183,728,000 after purchasing an additional 742,281 shares in the last quarter. Hedge funds and other 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 business'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 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.41% of the company's stock.

Honeywell International Price Performance

Shares of HON stock opened at $209.00 on Tuesday. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.97 and a current ratio of 1.29. Honeywell International Inc. has a fifty-two week low of $179.36 and a fifty-two week high of $242.77. The firm has a market cap of $132.69 billion, a P/E ratio of 23.78, a P/E/G ratio of 2.34 and a beta of 1.06. The business's 50 day moving average price is $215.31 and its 200-day moving average price is $217.44.

Honeywell International (NASDAQ:HON - Get Free Report) last announced its earnings results on Thursday, July 24th. The conglomerate reported $2.75 EPS 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 during the quarter, compared to the consensus estimate of $10.01 billion. During the same quarter in the prior year, the company earned $2.49 earnings per share. The firm'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. On average, equities research analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Friday, November 14th will be paid a dividend of $1.19 per share. This represents a $4.76 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Friday, November 14th. This is a positive change from Honeywell International's previous quarterly dividend of $1.13. Honeywell International's payout ratio is presently 51.42%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Honeywell International in a research note on Saturday, September 27th. Wells Fargo & Company dropped their target price on Honeywell International from $230.00 to $220.00 and set an "equal weight" rating for the company in a report on Monday. Morgan Stanley raised their price target 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. Barclays boosted their price objective on Honeywell International from $258.00 to $265.00 and gave the company an "overweight" rating in a research report on Wednesday, July 9th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on Honeywell International from $268.00 to $271.00 and gave the company a "buy" rating in a research note on Thursday, October 2nd. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eight have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $254.07.

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.

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