Renaissance Investment Group LLC Purchases New Stake in Honeywell International Inc. $HON

Renaissance Investment Group LLC bought a new stake in shares of Honeywell International Inc. (NASDAQ:HON) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 941 shares of the conglomerate’s stock, valued at approximately $219,000.

Other hedge funds have also modified their holdings of the company. Key Client Fiduciary Advisors LLC bought a new position in Honeywell International during the second quarter valued at approximately $218,000. Beacon Financial Group increased its holdings in shares of Honeywell International by 2.2% during the 2nd quarter. Beacon Financial Group now owns 3,842 shares of the conglomerate’s stock valued at $895,000 after acquiring an additional 83 shares during the last quarter. Czech National Bank raised its stake in shares of Honeywell International by 5.2% in the 2nd quarter. Czech National Bank now owns 157,094 shares of the conglomerate’s stock valued at $36,584,000 after acquiring an additional 7,743 shares in the last quarter. IAM Advisory LLC lifted its holdings in Honeywell International by 2.2% in the 2nd quarter. IAM Advisory LLC now owns 10,371 shares of the conglomerate’s stock worth $2,415,000 after purchasing an additional 223 shares during the last quarter. Finally, Everpar Advisors LLC bought a new stake in Honeywell International during the second quarter worth approximately $239,000. 75.91% of the stock is owned by institutional investors and hedge funds.

Honeywell International Stock Performance

Shares of NASDAQ HON opened at $211.74 on Tuesday. The firm has a market capitalization of $134.43 billion, a price-to-earnings ratio of 24.09, a PEG ratio of 2.39 and a beta of 1.05. Honeywell International Inc. has a one year low of $179.36 and a one year high of $242.77. The business has a fifty day simple moving average of $222.85 and a 200 day simple moving average of $217.48. The company has a current ratio of 1.29, a quick ratio of 0.97 and a debt-to-equity ratio of 1.81.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings results on Thursday, July 24th. The conglomerate reported $2.75 earnings per share for the quarter, topping analysts’ consensus estimates of $2.66 by $0.09. Honeywell International had a net margin of 14.30% and a return on equity of 37.37%. The firm had revenue of $10.35 billion for the quarter, compared to the consensus estimate of $10.01 billion. During the same quarter in the previous year, the company earned $2.49 earnings per share. The business’s 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. Sell-side analysts expect that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 5th. Investors of record on Friday, August 15th were given a $1.13 dividend. This represents a $4.52 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend was Friday, August 15th. Honeywell International’s dividend payout ratio is 51.42%.

Analyst Ratings Changes

HON has been the topic of a number of recent analyst reports. Royal Bank Of Canada dropped their price target 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 target price on shares of Honeywell International from $240.00 to $230.00 and set an “equal weight” rating on the stock in a report on Friday, July 25th. Barclays boosted their target price on shares of Honeywell International from $258.00 to $265.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 9th. Citigroup lifted their price objective on Honeywell International from $242.00 to $265.00 and gave the stock a “buy” rating in a research note on Wednesday, June 4th. Finally, 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 research report on Monday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $254.00.

Insider Transactions at Honeywell International

In other Honeywell International news, CEO Lucian Boldea sold 42,149 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer owned 10,334 shares in the company, valued at $2,289,807.72. This trade represents a 80.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.41% of the stock is owned by company insiders.

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.