Fortitude Advisory Group L.L.C. Buys Shares of 860 Honeywell International Inc. $HON

Fortitude Advisory Group L.L.C. bought a new stake in Honeywell International Inc. (NASDAQ:HON) in the second quarter, HoldingsChannel.com reports. The fund bought 860 shares of the conglomerate’s stock, valued at approximately $200,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Pandora Wealth Inc. acquired a new position in Honeywell International in the first quarter valued at approximately $33,000. Dogwood Wealth Management LLC boosted its stake in Honeywell International by 143.9% in the second quarter. Dogwood Wealth Management LLC now owns 161 shares of the conglomerate’s stock valued at $39,000 after acquiring an additional 95 shares during the period. 1248 Management LLC acquired a new position in Honeywell International in the first quarter valued at approximately $38,000. Quarry LP acquired a new position in Honeywell International in the first quarter valued at approximately $41,000. Finally, Stone House Investment Management LLC acquired a new position in Honeywell International in the first quarter valued at approximately $41,000. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Honeywell International Price Performance

Shares of NASDAQ:HON opened at $209.05 on Friday. Honeywell International Inc. has a 12 month low of $179.36 and a 12 month high of $242.77. The stock has a market cap of $132.73 billion, a price-to-earnings ratio of 23.78, a PEG ratio of 2.36 and a beta of 1.06. The stock’s 50 day moving average price is $215.63 and its 200 day moving average price is $217.40. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.29 and a quick ratio of 0.97.

Honeywell International (NASDAQ:HON) last announced 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. Honeywell International had a return on equity of 37.37% and a net margin of 14.30%.The firm had revenue of $10.35 billion for the quarter, compared to analysts’ expectations of $10.01 billion. During the same quarter in the previous year, the company earned $2.49 earnings per share. The firm’s quarterly revenue was up 8.1% compared to the same quarter last year. Honeywell International has set its FY 2025 guidance at 10.450-10.650 EPS. Q3 2025 guidance at 2.500-2.600 EPS. Equities research analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Friday, November 14th will be given a $1.19 dividend. This represents a $4.76 annualized dividend and a yield of 2.3%. This is a positive change from Honeywell International’s previous quarterly dividend of $1.13. The ex-dividend date is Friday, November 14th. Honeywell International’s dividend payout ratio (DPR) is presently 51.42%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on HON shares. Wells Fargo & Company cut their price target on Honeywell International from $240.00 to $230.00 and set an “equal weight” rating on the stock in a report on Friday, July 25th. Deutsche Bank Aktiengesellschaft lifted their price target on Honeywell International from $268.00 to $271.00 and gave the company a “buy” rating in a report on Thursday. Royal Bank Of Canada cut their price target on Honeywell International from $254.00 to $253.00 and set a “sector perform” rating on the stock in a report on Friday, July 25th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Honeywell International in a report on Saturday, September 27th. Finally, Morgan Stanley lifted their price target on Honeywell International from $225.00 to $245.00 and gave the company an “equal weight” rating in a report on Monday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $254.79.

Insider Transactions at Honeywell International

In other Honeywell International news, CEO Lucian Boldea sold 42,149 shares of Honeywell International stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $221.58, for a total value of $9,339,375.42. Following the transaction, the chief executive officer owned 10,334 shares in the company, valued at approximately $2,289,807.72. The trade was a 80.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.20% of the company’s stock.

About Honeywell International

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.