Janney Capital Management LLC Sells 560 Shares of Honeywell International Inc. $HON

Janney Capital Management LLC cut its holdings in Honeywell International Inc. (NASDAQ:HON) by 1.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 53,993 shares of the conglomerate’s stock after selling 560 shares during the period. Janney Capital Management LLC’s holdings in Honeywell International were worth $12,574,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Pandora Wealth Inc. bought a new position in shares of Honeywell International in the 1st quarter worth about $33,000. 1248 Management LLC bought a new stake in Honeywell International in the 1st quarter valued at about $38,000. Quarry LP bought a new stake in Honeywell International in the 1st quarter valued at about $41,000. Stone House Investment Management LLC bought a new stake in Honeywell International in the 1st quarter valued at about $41,000. Finally, Garde Capital Inc. bought a new stake in Honeywell International in the 1st quarter valued at about $42,000. 75.91% of the stock is owned by institutional investors.

Insider Buying and Selling at Honeywell International

In other 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 value of $9,339,375.42. Following the transaction, the chief executive officer owned 10,334 shares in the company, valued at $2,289,807.72. The trade was a 80.31% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.20% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

HON has been the subject of a number of research analyst reports. Royal Bank Of Canada decreased their target price on Honeywell International from $254.00 to $253.00 and set a “sector perform” rating for the company in a research report on Friday, July 25th. Morgan Stanley boosted their target price on Honeywell International from $225.00 to $245.00 and gave the company an “equal weight” rating in a research report on Monday, July 28th. Citigroup boosted their target price on Honeywell International from $242.00 to $265.00 and gave the company a “buy” rating in a research report on Wednesday, June 4th. 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 report on Friday, July 25th. Finally, Barclays boosted their price objective on Honeywell International from $258.00 to $265.00 and gave the stock an “overweight” rating in a report on Wednesday, July 9th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $254.00.

Honeywell International Stock Performance

Shares of HON opened at $209.28 on Tuesday. 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 stock has a 50 day moving average price of $217.31 and a two-hundred day moving average price of $217.44. The firm has a market capitalization of $132.87 billion, a P/E ratio of 23.81, a P/E/G ratio of 2.35 and a beta of 1.05. Honeywell International Inc. has a 52 week low of $179.36 and a 52 week high of $242.77.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings data on Thursday, July 24th. The conglomerate reported $2.75 EPS 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 firm had revenue of $10.35 billion during the quarter, compared to analyst estimates of $10.01 billion. During the same period in the previous year, the company posted $2.49 EPS. The company’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. Equities analysts forecast that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Friday, November 14th will be paid a $1.19 dividend. This represents a $4.76 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Friday, November 14th. This is a boost from Honeywell International’s previous quarterly dividend of $1.13. Honeywell International’s dividend payout ratio (DPR) is presently 51.42%.

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.