Modern Wealth Management LLC Grows Stake in Honeywell International Inc. $HON

Modern Wealth Management LLC boosted its position in shares of Honeywell International Inc. (NASDAQ:HON) by 21.1% during the 1st quarter, HoldingsChannel reports. The firm owned 105,250 shares of the conglomerate’s stock after buying an additional 18,321 shares during the period. Modern Wealth Management LLC’s holdings in Honeywell International were worth $22,287,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Red Door Wealth Management LLC increased its holdings in Honeywell International by 2.6% during the 1st quarter. Red Door Wealth Management LLC now owns 29,090 shares of the conglomerate’s stock worth $6,160,000 after purchasing an additional 736 shares during the period. Spinnaker Trust increased its holdings in Honeywell International by 2.4% during the 1st quarter. Spinnaker Trust now owns 11,598 shares of the conglomerate’s stock worth $2,456,000 after purchasing an additional 276 shares during the period. Amundi increased its holdings in Honeywell International by 30.2% during the 1st quarter. Amundi now owns 519,882 shares of the conglomerate’s stock worth $107,450,000 after purchasing an additional 120,706 shares during the period. Integrated Wealth Concepts LLC increased its holdings in Honeywell International by 11.4% during the 1st quarter. Integrated Wealth Concepts LLC now owns 28,502 shares of the conglomerate’s stock worth $6,035,000 after purchasing an additional 2,915 shares during the period. Finally, Beacon Financial Group increased its holdings in Honeywell International by 52.6% during the 1st quarter. Beacon Financial Group now owns 3,759 shares of the conglomerate’s stock worth $796,000 after purchasing an additional 1,295 shares during the period. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Honeywell International Stock Up 1.7%

Honeywell International stock opened at $215.31 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 stock has a market capitalization of $136.70 billion, a price-to-earnings ratio of 24.49, a PEG ratio of 2.39 and a beta of 1.05. Honeywell International Inc. has a 1-year low of $179.36 and a 1-year high of $242.77. The business has a fifty day moving average price of $223.99 and a 200-day moving average price of $217.42.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings data 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 analysts’ expectations of $10.01 billion. Honeywell International had a return on equity of 37.37% and a net margin of 14.30%.The business’s quarterly revenue was up 8.1% on a year-over-year basis. During the same quarter last year, the firm earned $2.49 EPS. Honeywell International has set its FY 2025 guidance at 10.450-10.650 EPS. Q3 2025 guidance at 2.500-2.600 EPS. Equities research analysts forecast that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Announces Dividend

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

Analysts Set New Price Targets

Several research firms have commented on HON. Morgan Stanley raised their price objective on Honeywell International from $225.00 to $245.00 and gave the stock an “equal weight” rating in a report on Monday, July 28th. Royal Bank Of Canada dropped their target price on Honeywell International from $254.00 to $253.00 and set a “sector perform” rating on the stock in a research report on Friday, July 25th. Wall Street Zen raised Honeywell International from a “hold” rating to a “buy” rating in a research report on Thursday, May 15th. Citigroup increased 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. Finally, Barclays increased their target price on Honeywell International from $258.00 to $265.00 and gave the company an “overweight” rating in a research report on Wednesday, July 9th. One 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 company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $254.00.

Insider Buying and Selling 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 sale, the chief executive officer owned 10,334 shares of the company’s stock, valued at $2,289,807.72. This trade represents a 80.31% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.20% of the stock is owned by 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.