Verus Financial Partners Inc. Has $269,000 Stock Holdings in Honeywell International Inc. $HON

Verus Financial Partners Inc. grew its position in shares of Honeywell International Inc. (NASDAQ:HON) by 10.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,126 shares of the conglomerate’s stock after purchasing an additional 108 shares during the quarter. Verus Financial Partners Inc.’s holdings in Honeywell International were worth $269,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Pandora Wealth Inc. acquired a new stake in shares of Honeywell International during the first quarter valued at about $33,000. Dogwood Wealth Management LLC lifted its stake in shares of Honeywell International by 143.9% in the second 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 period. 1248 Management LLC acquired a new position in shares of Honeywell International in the first quarter worth approximately $38,000. Quarry LP acquired a new position in shares of Honeywell International in the first quarter worth approximately $41,000. Finally, Stone House Investment Management LLC acquired a new position in shares of Honeywell International in the first quarter worth approximately $41,000. 75.91% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Honeywell International

In related news, CEO Lucian Boldea sold 42,149 shares of Honeywell International stock in a transaction 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 completion of the sale, the chief executive officer 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.20% of the company’s stock.

Honeywell International Trading Up 0.4%

Shares of HON stock opened at $211.01 on Friday. The company has a market cap of $133.97 billion, a P/E ratio of 24.01, a PEG ratio of 2.37 and a beta of 1.06. The stock has a 50 day simple moving average of $215.93 and a two-hundred day simple moving average of $217.35. 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 Inc. has a fifty-two week low of $179.36 and a fifty-two week high of $242.77.

Honeywell International (NASDAQ:HON) last issued its 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 return on equity of 37.37% and a net margin of 14.30%.The business had revenue of $10.35 billion during the quarter, compared to the consensus estimate of $10.01 billion. During the same period in the previous year, the company posted $2.49 earnings per share. The firm’s revenue for the quarter was up 8.1% on a year-over-year basis. Honeywell International has set its FY 2025 guidance at 10.450-10.650 EPS. Q3 2025 guidance at 2.500-2.600 EPS. Research 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 $1.19 dividend. 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 payout ratio is 54.15%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on HON. Deutsche Bank Aktiengesellschaft lifted their price objective on Honeywell International from $268.00 to $271.00 and gave the stock a “buy” rating in a research note on Thursday. Wells Fargo & Company cut their price objective 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. Barclays lifted their price objective on Honeywell International from $258.00 to $265.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 9th. Royal Bank Of Canada cut their price objective on Honeywell International from $254.00 to $253.00 and set a “sector perform” rating on the stock in a research note on Friday, July 25th. Finally, Morgan Stanley lifted their target price on Honeywell International from $225.00 to $245.00 and gave the stock an “equal weight” rating in a report on Monday, July 28th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, Honeywell International currently has an average rating of “Moderate Buy” and a consensus target price of $254.79.

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.