Breakwater Capital Group Sells 146 Shares of Honeywell International Inc. $HON

Breakwater Capital Group reduced its stake in Honeywell International Inc. (NASDAQ:HON) by 2.6% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,473 shares of the conglomerate’s stock after selling 146 shares during the period. Breakwater Capital Group’s holdings in Honeywell International were worth $1,275,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Brighton Jones LLC grew its stake in Honeywell International by 9.1% in the fourth quarter. Brighton Jones LLC now owns 19,047 shares of the conglomerate’s stock valued at $4,302,000 after acquiring an additional 1,582 shares during the period. Silvercrest Asset Management Group LLC grew its stake in Honeywell International by 10.2% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 15,334 shares of the conglomerate’s stock valued at $3,464,000 after acquiring an additional 1,415 shares during the period. Vident Advisory LLC grew its stake in Honeywell International by 0.9% in the fourth quarter. Vident Advisory LLC now owns 15,134 shares of the conglomerate’s stock valued at $3,419,000 after acquiring an additional 129 shares during the period. Zurich Insurance Group Ltd FI grew its stake in Honeywell International by 2,458.8% in the fourth quarter. Zurich Insurance Group Ltd FI now owns 235,414 shares of the conglomerate’s stock valued at $53,178,000 after acquiring an additional 226,214 shares during the period. Finally, Waverly Advisors LLC grew its stake in Honeywell International by 26.9% in the fourth quarter. Waverly Advisors LLC now owns 18,028 shares of the conglomerate’s stock valued at $4,072,000 after acquiring an additional 3,825 shares during the period. 75.91% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on HON. Wells Fargo & Company decreased their target price on 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. Citigroup boosted their target price on Honeywell International from $242.00 to $265.00 and gave the company a “buy” rating in a research note on Wednesday, June 4th. Morgan Stanley boosted 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. Barclays boosted 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. Finally, Royal Bank Of Canada cut their price target on Honeywell International from $254.00 to $253.00 and set a “sector perform” rating on the stock in a report on Friday, July 25th. One research 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 company. According to MarketBeat, Honeywell International currently has a consensus rating of “Moderate Buy” and an average target price of $254.00.

Honeywell International Stock Performance

HON opened at $210.95 on Wednesday. Honeywell International Inc. has a 52-week low of $179.36 and a 52-week high of $242.77. The firm has a market capitalization of $133.93 billion, a PE ratio of 24.00, a PEG ratio of 2.39 and a beta of 1.05. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.97 and a current ratio of 1.29. The business’s 50-day simple moving average is $222.28 and its 200 day simple moving average is $217.44.

Honeywell International (NASDAQ:HON) last released its earnings results on Thursday, July 24th. The conglomerate reported $2.75 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $10.01 billion. During the same quarter in the prior year, the company posted $2.49 earnings per share. Honeywell International’s revenue 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. As a group, sell-side analysts expect that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

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

Insiders Place Their Bets

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

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.