Worth Financial Advisory Group LLC Makes New Investment in Honeywell International Inc. $HON

Worth Financial Advisory Group LLC purchased a new position in shares of Honeywell International Inc. (NASDAQ:HON) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 860 shares of the conglomerate’s stock, valued at approximately $200,000.

Several other large investors also recently bought and sold shares of HON. BankPlus Wealth Management LLC grew its position in Honeywell International by 2.2% during the second quarter. BankPlus Wealth Management LLC now owns 1,986 shares of the conglomerate’s stock valued at $463,000 after acquiring an additional 43 shares during the period. Maia Wealth LLC grew its position in Honeywell International by 4.1% during the first quarter. Maia Wealth LLC now owns 1,189 shares of the conglomerate’s stock valued at $238,000 after acquiring an additional 47 shares during the period. Kirtland Hills Capital Management LLC grew its position in Honeywell International by 1.1% during the first quarter. Kirtland Hills Capital Management LLC now owns 4,424 shares of the conglomerate’s stock valued at $870,000 after acquiring an additional 48 shares during the period. Sound View Wealth Advisors Group LLC grew its position in Honeywell International by 0.6% during the first quarter. Sound View Wealth Advisors Group LLC now owns 8,769 shares of the conglomerate’s stock valued at $1,857,000 after acquiring an additional 48 shares during the period. Finally, Gateway Wealth Partners LLC grew its position in Honeywell International by 2.5% during the first quarter. Gateway Wealth Partners LLC now owns 2,044 shares of the conglomerate’s stock valued at $433,000 after acquiring an additional 49 shares during the period. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Insider Activity at Honeywell International

In other news, CEO Lucian Boldea sold 42,149 shares of the stock in a transaction 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 approximately $2,289,807.72. This represents a 80.31% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Barclays boosted their price target on Honeywell International from $258.00 to $265.00 and gave the company an “overweight” rating in a research report on Wednesday, July 9th. Citigroup boosted 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. 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 note on Monday, July 28th. Royal Bank Of Canada reduced 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, Wells Fargo & Company cut their price target 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. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $254.00.

Honeywell International Stock Performance

HON opened at $208.19 on Friday. The company has a market capitalization of $132.18 billion, a price-to-earnings ratio of 23.68, a price-to-earnings-growth ratio of 2.35 and a beta of 1.05. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.29 and a quick ratio of 0.97. Honeywell International Inc. has a 1-year low of $179.36 and a 1-year high of $242.77. The business has a 50 day moving average price of $217.83 and a two-hundred day moving average price of $217.37.

Honeywell International (NASDAQ:HON) last released 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. The firm had revenue of $10.35 billion during the quarter, compared to the consensus estimate of $10.01 billion. Honeywell International had a return on equity of 37.37% and a net margin of 14.30%.The firm’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.49 earnings per share. 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 predict that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Friday, November 14th will be given a dividend of $1.19 per share. This represents a $4.76 dividend on an annualized basis and a dividend yield of 2.3%. This is an increase from Honeywell International’s previous quarterly dividend of $1.13. Honeywell International’s dividend payout ratio is 51.42%.

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.