Merit Financial Group LLC Acquires 5,715 Shares of Honeywell International Inc. $HON

Merit Financial Group LLC lifted its position in shares of Honeywell International Inc. (NASDAQ:HON) by 11.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 56,486 shares of the conglomerate’s stock after buying an additional 5,715 shares during the period. Merit Financial Group LLC’s holdings in Honeywell International were worth $13,155,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Pandora Wealth Inc. purchased a new position in shares of Honeywell International during the 1st quarter valued at about $33,000. 1248 Management LLC purchased a new position in shares of Honeywell International in the first quarter valued at about $38,000. Dogwood Wealth Management LLC raised its stake in shares of Honeywell International by 143.9% during the second quarter. Dogwood Wealth Management LLC now owns 161 shares of the conglomerate’s stock valued at $39,000 after acquiring an additional 95 shares during the last quarter. Stone House Investment Management LLC purchased a new position in shares of Honeywell International during the first quarter valued at approximately $41,000. Finally, Quarry LP purchased a new position in shares of Honeywell International during the first quarter valued at approximately $41,000. 75.91% of the stock is owned by hedge funds and other institutional investors.

Honeywell International Stock Performance

Honeywell International stock opened at $209.05 on Friday. The company has a quick ratio of 0.97, a current ratio of 1.29 and a debt-to-equity ratio of 1.81. The company has a market capitalization of $132.73 billion, a P/E ratio of 23.78, a PEG ratio of 2.36 and a beta of 1.06. The stock’s 50 day moving average is $215.63 and its 200 day moving average is $217.40. Honeywell International Inc. has a twelve month low of $179.36 and a twelve month high of $242.77.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings results on Thursday, July 24th. The conglomerate reported $2.75 earnings per share for the quarter, topping the consensus estimate of $2.66 by $0.09. The company had revenue of $10.35 billion for 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 quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $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. On average, equities research analysts predict that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Increases Dividend

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

Wall Street Analysts Forecast Growth

HON has been the topic of several research analyst reports. Weiss Ratings reissued a “buy (b-)” rating on shares of Honeywell International in a research note on Saturday, September 27th. Wells Fargo & Company reduced their target price 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. Deutsche Bank Aktiengesellschaft boosted their target price on Honeywell International from $268.00 to $271.00 and gave the company a “buy” rating in a research note on Thursday. 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. Finally, Barclays increased their target price on Honeywell International from $258.00 to $265.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, Honeywell International has a consensus rating of “Moderate Buy” and an average target price of $254.79.

Insider Buying and Selling at Honeywell International

In related news, CEO Lucian Boldea sold 42,149 shares of the company’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 sale, the chief executive officer owned 10,334 shares in the company, valued at $2,289,807.72. This represents a 80.31% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.20% of the stock is owned by insiders.

About Honeywell International

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.