Honeywell International Inc. $HON Shares Sold by Sandy Cove Advisors LLC

Sandy Cove Advisors LLC cut its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 1.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,319 shares of the conglomerate’s stock after selling 66 shares during the quarter. Sandy Cove Advisors LLC’s holdings in Honeywell International were worth $1,472,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in HON. Mpwm Advisory Solutions LLC acquired a new position in shares of Honeywell International during the fourth quarter worth about $29,000. Pandora Wealth Inc. acquired a new position in shares of Honeywell International during the first quarter worth about $33,000. 1248 Management LLC acquired a new position in shares of Honeywell International during the first quarter worth about $38,000. Stone House Investment Management LLC acquired a new position in shares of Honeywell International during the first quarter worth about $41,000. Finally, Quarry LP acquired a new position in Honeywell International in the first quarter valued at approximately $41,000. 75.91% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Honeywell International

In other news, CEO Lucian Boldea sold 42,149 shares of the company’s stock in a transaction that occurred on Wednesday, August 27th. The stock was 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 in the company, valued at $2,289,807.72. This represents a 80.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.41% of the stock is owned by company insiders.

Honeywell International Price Performance

Shares of NASDAQ HON opened at $211.74 on Tuesday. 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 Inc. has a twelve month low of $179.36 and a twelve month high of $242.77. The stock has a 50 day moving average of $222.85 and a two-hundred day moving average of $217.48. The stock has a market cap of $134.43 billion, a P/E ratio of 24.09, a P/E/G ratio of 2.39 and a beta of 1.05.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings data on Thursday, July 24th. The conglomerate reported $2.75 earnings per share for the quarter, beating 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 company had revenue of $10.35 billion during the quarter, compared to analysts’ expectations of $10.01 billion. During the same quarter in the previous year, the business earned $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. On average, research analysts forecast that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on HON shares. Barclays upped their price target on Honeywell International from $258.00 to $265.00 and gave the company an “overweight” rating in a report on Wednesday, July 9th. Morgan Stanley upped 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. Wells Fargo & Company lowered their price target on Honeywell International from $240.00 to $230.00 and set an “equal weight” rating for the company in a report on Friday, July 25th. Royal Bank Of Canada lowered their price target on Honeywell International from $254.00 to $253.00 and set a “sector perform” rating for the company in a report on Friday, July 25th. Finally, Citigroup upped their price target on Honeywell International from $242.00 to $265.00 and gave the company a “buy” rating in a report on Wednesday, June 4th. One research 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 company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $254.00.

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.