Summit Wealth Group LLC Co. Has $434,000 Stock Position in Honeywell International Inc. $HON

Summit Wealth Group LLC Co. cut its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 67.2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 2,226 shares of the conglomerate’s stock after selling 4,558 shares during the quarter. Summit Wealth Group LLC Co.’s holdings in Honeywell International were worth $434,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. FSM Wealth Advisors LLC lifted its position in Honeywell International by 1.1% during the 4th quarter. FSM Wealth Advisors LLC now owns 4,231 shares of the conglomerate’s stock valued at $825,000 after purchasing an additional 46 shares during the period. Facet Wealth Inc. lifted its position in Honeywell International by 3.6% during the 4th quarter. Facet Wealth Inc. now owns 1,343 shares of the conglomerate’s stock valued at $291,000 after purchasing an additional 47 shares during the period. EPG Wealth Management LLC lifted its position in Honeywell International by 0.5% during the 4th quarter. EPG Wealth Management LLC now owns 10,049 shares of the conglomerate’s stock valued at $1,960,000 after purchasing an additional 49 shares during the period. Willow Creek Wealth Management Inc. lifted its position in Honeywell International by 2.2% during the 3rd quarter. Willow Creek Wealth Management Inc. now owns 2,327 shares of the conglomerate’s stock valued at $490,000 after purchasing an additional 50 shares during the period. Finally, VSM Wealth Advisory LLC lifted its position in Honeywell International by 4.5% during the 3rd quarter. VSM Wealth Advisory LLC now owns 1,150 shares of the conglomerate’s stock valued at $242,000 after purchasing an additional 50 shares during the period. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Wells Fargo & Company cut their target price on shares of Honeywell International from $235.00 to $230.00 and set an “equal weight” rating on the stock in a research report on Friday, April 24th. Daiwa Securities Group upped their target price on shares of Honeywell International from $230.00 to $240.00 in a research report on Tuesday, February 3rd. The Goldman Sachs Group cut their target price on shares of Honeywell International from $262.00 to $258.00 and set a “buy” rating on the stock in a research report on Friday, April 24th. Weiss Ratings downgraded shares of Honeywell International from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, April 13th. Finally, Morgan Stanley upped their target price on shares of Honeywell International from $235.00 to $245.00 and gave the company an “equal weight” rating in a research report on Thursday, March 12th. Thirteen investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $250.00.

Insider Buying and Selling at Honeywell International

In other news, Director D Scott Davis sold 2,367 shares of the firm’s stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $240.00, for a total transaction of $568,080.00. Following the completion of the transaction, the director directly owned 31,081 shares of the company’s stock, valued at $7,459,440. This trade represents a 7.08% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.15% of the stock is owned by corporate insiders.

Honeywell International News Summary

Here are the key news stories impacting Honeywell International this week:

• Positive Sentiment: Honeywell CEO Vimal Kapur said the Iran conflict and rising AI demand are boosting demand for automation products, which could improve near-term sales across the company’s industrial and aerospace businesses. Honeywell CEO says Iran conflict and AI are boosting demand
• Positive Sentiment: Management also said geopolitics and AI are creating tailwinds as Honeywell moves closer to a breakup, suggesting the portfolio transformation could unlock value for investors over time. Honeywell sees tailwinds from geopolitics and AI as breakup nears
• Positive Sentiment: Analysts remain moderately optimistic on Honeywell, and one recent note highlighted it as a top drone-related stock with about 20% implied upside, reinforcing a constructive longer-term view. Honeywell International Inc. (HON): One of the Best Drone Stocks to Buy According to Wall Street Analysts
• Neutral Sentiment: Honeywell’s Quantinuum quantum-computing unit filed for an IPO, which could surface value but also introduces execution and valuation uncertainty for the parent company. Quantum Computing Stocks: Quantinuum IPO Filing Bucks SPAC Trend
• Negative Sentiment: A broader market roundup noted Honeywell has underperformed the market over the past year, which may keep some investors cautious despite the improving narrative. Honeywell International Stock: Analyst Estimates & Ratings

Honeywell International Stock Down 0.3%

Honeywell International stock opened at $217.96 on Thursday. The stock has a market capitalization of $138.11 billion, a PE ratio of 30.87, a price-to-earnings-growth ratio of 3.12 and a beta of 0.82. Honeywell International Inc. has a twelve month low of $186.76 and a twelve month high of $248.18. The company has a quick ratio of 1.10, a current ratio of 1.39 and a debt-to-equity ratio of 1.98. The company has a 50 day moving average of $226.56 and a 200-day moving average of $216.13.

Honeywell International (NASDAQ:HON) last released its quarterly earnings results on Thursday, April 23rd. The conglomerate reported $2.45 earnings per share for the quarter, beating the consensus estimate of $2.32 by $0.13. The company had revenue of $9.14 billion during the quarter, compared to analysts’ expectations of $9.30 billion. Honeywell International had a net margin of 11.37% and a return on equity of 42.29%. The business’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.21 earnings per share. Honeywell International has set its FY 2026 guidance at 10.350-10.650 EPS and its Q2 2026 guidance at 2.350-2.450 EPS. On average, equities research analysts anticipate that Honeywell International Inc. will post 10.54 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 5th. Stockholders of record on Friday, May 15th will be paid a dividend of $1.19 per share. This represents a $4.76 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Friday, May 15th. Honeywell International’s dividend payout ratio (DPR) is currently 67.42%.

Honeywell International Company Profile

Honeywell International Inc is a diversified, publicly traded multinational conglomerate (NASDAQ: HON) that designs and manufactures a wide range of commercial and consumer products, engineering services and aerospace systems. The company operates through major business platforms that historically include Aerospace; Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. Its portfolio spans avionics and propulsion systems, building controls and HVAC equipment, process technologies and advanced materials, industrial automation software, and personal protective equipment and scanning solutions.

Honeywell’s aerospace business supplies aircraft manufacturers and operators with engines and auxiliary power units, avionics, flight safety systems and aftermarket services.