NTV Asset Management LLC Purchases 21,033 Shares of Honeywell International Inc. $HON

NTV Asset Management LLC raised its stake in Honeywell International Inc. (NASDAQ:HON) by 590.8% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 24,593 shares of the conglomerate’s stock after buying an additional 21,033 shares during the quarter. NTV Asset Management LLC’s holdings in Honeywell International were worth $5,727,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Pandora Wealth Inc. purchased a new stake in shares of Honeywell International in the first quarter worth approximately $33,000. Dogwood Wealth Management LLC raised 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 purchasing an additional 95 shares during the last quarter. 1248 Management LLC purchased a new stake in shares of Honeywell International in the first quarter worth approximately $38,000. Quarry LP purchased a new stake in shares of Honeywell International in the first quarter worth approximately $41,000. Finally, Stone House Investment Management LLC purchased a new stake in shares of Honeywell International in the first quarter worth approximately $41,000. 75.91% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Honeywell International

In other news, CEO Lucian Boldea sold 42,149 shares of the firm’s stock in a transaction 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 completion of the transaction, the chief executive officer directly owned 10,334 shares of the company’s stock, valued at $2,289,807.72. This trade represents a 80.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.20% of the stock is owned by insiders.

Honeywell International Stock Performance

NASDAQ:HON opened at $209.05 on Friday. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.29 and a quick ratio of 0.97. The business has a fifty day simple moving average of $215.63 and a two-hundred day simple moving average of $217.34. Honeywell International Inc. has a 1 year low of $179.36 and a 1 year high of $242.77. The company has a market capitalization of $132.73 billion, a P/E ratio of 23.78, a P/E/G ratio of 2.38 and a beta of 1.06.

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 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 last year, the business posted $2.49 earnings per share. The business’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, analysts expect that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Increases Dividend

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

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Royal Bank Of Canada lowered their price objective on Honeywell International from $254.00 to $253.00 and set a “sector perform” rating for the company in a research note on Friday, July 25th. Deutsche Bank Aktiengesellschaft increased their price target on Honeywell International from $268.00 to $271.00 and gave the company a “buy” rating in a research report on Thursday. Wells Fargo & Company decreased their price target 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. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Honeywell International in a research report on Saturday, September 27th. Finally, Morgan Stanley increased their price target 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. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat.com, Honeywell International currently has a consensus rating of “Moderate Buy” and an average price target 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.