Highland Capital Management LLC Trims Stock Holdings in Honeywell International Inc. $HON

Highland Capital Management LLC decreased its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 85.6% during the second quarter, HoldingsChannel reports. The fund owned 1,387 shares of the conglomerate’s stock after selling 8,278 shares during the quarter. Highland Capital Management LLC’s holdings in Honeywell International were worth $323,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Capital City Trust Co. FL grew its position in shares of Honeywell International by 3.0% in the second quarter. Capital City Trust Co. FL now owns 2,227 shares of the conglomerate’s stock valued at $519,000 after purchasing an additional 64 shares in the last quarter. Wealthcare Advisory Partners LLC grew its holdings in Honeywell International by 6.3% during the 2nd quarter. Wealthcare Advisory Partners LLC now owns 9,966 shares of the conglomerate’s stock valued at $2,321,000 after buying an additional 591 shares in the last quarter. Tandem Investment Partners LLC increased its position in shares of Honeywell International by 13.4% during the second quarter. Tandem Investment Partners LLC now owns 3,139 shares of the conglomerate’s stock valued at $731,000 after buying an additional 370 shares during the period. Firethorn Wealth Partners LLC lifted its holdings in shares of Honeywell International by 78.2% in the second quarter. Firethorn Wealth Partners LLC now owns 2,172 shares of the conglomerate’s stock worth $506,000 after buying an additional 953 shares in the last quarter. Finally, Talbot Financial LLC boosted its position in shares of Honeywell International by 20.8% in the second quarter. Talbot Financial LLC now owns 87,528 shares of the conglomerate’s stock valued at $20,384,000 after acquiring an additional 15,045 shares during the period. 75.91% of the stock is owned by institutional investors.

Honeywell International Trading Down 0.9%

Shares of HON opened at $209.05 on Monday. 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 $132.73 billion, a price-to-earnings ratio of 23.78, a PEG ratio of 2.34 and a beta of 1.06. The firm has a 50 day moving average price of $215.63 and a 200-day moving average price of $217.45. 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 (NASDAQ:HON) last issued its earnings results on Thursday, July 24th. The conglomerate reported $2.75 EPS for the quarter, topping analysts’ consensus estimates of $2.66 by $0.09. The company had revenue of $10.35 billion for the quarter, compared to analysts’ expectations of $10.01 billion. Honeywell International had a net margin of 14.30% and a return on equity of 37.37%. The firm’s revenue was up 8.1% compared to the same quarter last year. During the same quarter last year, the company earned $2.49 EPS. 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, equities research analysts forecast that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Increases Dividend

The business 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. This represents a $4.76 annualized dividend and a yield of 2.3%. The ex-dividend date is Friday, November 14th. This is a positive change from Honeywell International’s previous quarterly dividend of $1.13. Honeywell International’s dividend payout ratio is 54.15%.

Insider Buying and Selling

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 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 $2,289,807.72. The trade was a 80.31% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.20% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research firms have issued reports on HON. Weiss Ratings reiterated a “buy (b-)” rating on shares of Honeywell International in a research note on Saturday, September 27th. Barclays boosted 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. Wells Fargo & Company decreased their target price on Honeywell International from $240.00 to $230.00 and set an “equal weight” rating on the stock in a research note on Friday, July 25th. Morgan Stanley boosted their price objective on Honeywell International from $225.00 to $245.00 and gave the stock an “equal weight” rating in a report on Monday, July 28th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Honeywell International from $268.00 to $271.00 and gave the company a “buy” rating in a research note on Thursday. One 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 MarketBeat.com, Honeywell International presently has an average rating of “Moderate Buy” and an average price target of $254.79.

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.