Parsons Capital Management Inc. RI Sells 105 Shares of Honeywell International Inc. $HON

Parsons Capital Management Inc. RI decreased its position in Honeywell International Inc. (NASDAQ:HON) by 0.2% during the 2nd quarter, Holdings Channel.com reports. The fund owned 54,943 shares of the conglomerate’s stock after selling 105 shares during the quarter. Honeywell International comprises 0.8% of Parsons Capital Management Inc. RI’s investment portfolio, making the stock its 25th largest holding. Parsons Capital Management Inc. RI’s holdings in Honeywell International were worth $12,795,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HON. Pandora Wealth Inc. acquired a new stake in Honeywell International in the 1st quarter valued at approximately $33,000. 1248 Management LLC acquired a new position in shares of Honeywell International during the 1st quarter worth approximately $38,000. Dogwood Wealth Management LLC increased its holdings in shares of Honeywell International by 143.9% during the 2nd quarter. Dogwood Wealth Management LLC now owns 161 shares of the conglomerate’s stock worth $39,000 after acquiring an additional 95 shares during the last quarter. Stone House Investment Management LLC acquired a new position in shares of Honeywell International during the 1st quarter worth approximately $41,000. Finally, Quarry LP bought a new stake in Honeywell International in the 1st quarter valued at $41,000. Institutional investors own 75.91% of the company’s stock.

Honeywell International Stock Performance

NASDAQ HON opened at $210.18 on Thursday. The company’s 50 day moving average is $216.20 and its 200-day moving average is $217.34. Honeywell International Inc. has a 12-month low of $179.36 and a 12-month high of $242.77. The company has a quick ratio of 0.97, a current ratio of 1.29 and a debt-to-equity ratio of 1.81. The firm has a market cap of $133.44 billion, a P/E ratio of 23.91, a price-to-earnings-growth ratio of 2.38 and a beta of 1.06.

Honeywell International (NASDAQ:HON) last released 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 firm had revenue of $10.35 billion during the quarter, compared to analyst estimates of $10.01 billion. Honeywell International had a net margin of 14.30% and a return on equity of 37.37%. The business’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same period in the previous year, the business 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. Sell-side analysts predict that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Increases Dividend

The company 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 dividend of $1.19 per share. This represents a $4.76 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Friday, November 14th. This is an increase from Honeywell International’s previous quarterly dividend of $1.13. Honeywell International’s dividend payout ratio is currently 51.42%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on HON shares. Citigroup upped their target price on Honeywell International from $242.00 to $265.00 and gave the company a “buy” rating in a research report on Wednesday, June 4th. Royal Bank Of Canada cut their target price on shares of Honeywell International from $254.00 to $253.00 and set a “sector perform” rating on the stock in a research report on Friday, July 25th. Wells Fargo & Company dropped their price target on shares of Honeywell International from $240.00 to $230.00 and set an “equal weight” rating for the company in a research note on Friday, July 25th. Morgan Stanley raised their price target on shares of Honeywell International from $225.00 to $245.00 and gave the company an “equal weight” rating in a research note on Monday, July 28th. Finally, Barclays lifted their target price on shares of Honeywell International from $258.00 to $265.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 9th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $254.00.

Insiders Place Their Bets

In other Honeywell International news, CEO Lucian Boldea sold 42,149 shares of the stock in a transaction on 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 completion of the sale, the chief executive officer owned 10,334 shares of the company’s stock, valued at $2,289,807.72. This represents a 80.31% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.20% of the stock is owned by insiders.

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.