Abel Hall LLC Buys New Position in Honeywell International Inc. $HON

Abel Hall LLC purchased a new position in Honeywell International Inc. (NASDAQ:HON) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 935 shares of the conglomerate’s stock, valued at approximately $218,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Sax Wealth Advisors LLC boosted its holdings in Honeywell International by 10.6% in the second quarter. Sax Wealth Advisors LLC now owns 2,704 shares of the conglomerate’s stock worth $630,000 after acquiring an additional 259 shares in the last quarter. Venturi Wealth Management LLC bought a new position in Honeywell International in the second quarter worth approximately $964,000. DMC Group LLC boosted its holdings in Honeywell International by 15.5% in the second quarter. DMC Group LLC now owns 3,796 shares of the conglomerate’s stock worth $884,000 after acquiring an additional 508 shares in the last quarter. BankPlus Trust Department boosted its holdings in Honeywell International by 37.0% in the second quarter. BankPlus Trust Department now owns 6,143 shares of the conglomerate’s stock worth $1,431,000 after acquiring an additional 1,658 shares in the last quarter. Finally, Independent Solutions Wealth Management LLC boosted its holdings in Honeywell International by 10.6% in the second quarter. Independent Solutions Wealth Management LLC now owns 8,143 shares of the conglomerate’s stock worth $1,896,000 after acquiring an additional 778 shares in the last quarter. Institutional investors own 75.91% of the company’s stock.

Honeywell International Stock Performance

Shares of HON opened at $209.85 on Thursday. The company has a current ratio of 1.29, a quick ratio of 0.97 and a debt-to-equity ratio of 1.81. The company has a market capitalization of $133.23 billion, a price-to-earnings ratio of 23.87, a PEG ratio of 2.34 and a beta of 1.06. The stock has a 50 day moving average of $214.81 and a 200 day moving average of $217.33. Honeywell International Inc. has a 12 month low of $179.36 and a 12 month high of $242.77.

Honeywell International (NASDAQ:HON) last issued its quarterly 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. The company 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%.Honeywell International’s revenue was up 8.1% on a year-over-year basis. During the same period last year, the business 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. As a group, sell-side analysts forecast that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Friday, November 14th will be given a dividend of $1.19 per share. 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. This represents a $4.76 dividend on an annualized basis and a dividend yield of 2.3%. Honeywell International’s dividend payout ratio (DPR) is 54.15%.

Insider Activity at Honeywell International

In related news, CEO Lucian Boldea sold 42,149 shares of the stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $221.58, for a total transaction of $9,339,375.42. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.20% of the company’s stock.

Analyst Upgrades and Downgrades

HON has been the topic of several recent research reports. Wells Fargo & Company cut their price target on Honeywell International from $230.00 to $220.00 and set an “equal weight” rating on the stock in a report on Monday. Weiss Ratings reissued a “buy (b-)” rating on shares of Honeywell International in a research note on Wednesday. TD Cowen lowered their price objective on Honeywell International from $260.00 to $250.00 in a research note on Tuesday. Jefferies Financial Group lowered their price objective on Honeywell International from $240.00 to $230.00 and set a “hold” rating for the company in a research note on Tuesday. Finally, Morgan Stanley increased their price objective on Honeywell International from $225.00 to $245.00 and gave the stock an “equal weight” rating in a research note on Monday, July 28th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $251.80.

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.