Pinnacle Wealth Planning Services Inc. Has $427,000 Stock Position in Honeywell International Inc. $HON

Pinnacle Wealth Planning Services Inc. lowered its position in shares of Honeywell International Inc. (NASDAQ:HON) by 5.6% in the first quarter, HoldingsChannel reports. The firm owned 2,018 shares of the conglomerate’s stock after selling 120 shares during the period. Pinnacle Wealth Planning Services Inc.’s holdings in Honeywell International were worth $427,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Mpwm Advisory Solutions LLC acquired a new stake in shares of Honeywell International during the 4th quarter worth about $29,000. Accredited Wealth Management LLC acquired a new stake in shares of Honeywell International during the 4th quarter worth about $34,000. Pandora Wealth Inc. acquired a new stake in shares of Honeywell International during the 1st quarter worth about $33,000. Banque de Luxembourg S.A. acquired a new stake in shares of Honeywell International during the 4th quarter worth about $38,000. Finally, Stone House Investment Management LLC acquired a new stake in shares of Honeywell International during the 1st quarter worth about $41,000. Institutional investors and hedge funds own 75.91% of the company’s stock.

Insider Activity

In other news, CEO Lucian Boldea sold 42,149 shares of the firm’s stock in a transaction dated Wednesday, August 27th. The shares were 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 of the company’s stock, valued at approximately $2,289,807.72. This trade represents a 80.31% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Mizuho increased their target price on shares of Honeywell International from $235.00 to $250.00 and gave the stock an “outperform” rating in a research report on Friday, May 16th. JPMorgan Chase & Co. raised their price objective on shares of Honeywell International from $182.00 to $217.00 and gave the company a “neutral” rating in a research report on Friday, May 16th. Citigroup raised their price objective on shares of Honeywell International from $242.00 to $265.00 and gave the company a “buy” rating in a research report on Wednesday, June 4th. Barclays raised their price objective on shares of Honeywell International from $258.00 to $265.00 and gave the company an “overweight” rating in a research report on Wednesday, July 9th. Finally, Wells Fargo & Company lowered their price objective on shares of 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. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $254.00.

Honeywell International Stock Down 0.8%

Shares of NASDAQ HON opened at $219.50 on Friday. The firm has a market capitalization of $139.36 billion, a PE ratio of 24.97, a price-to-earnings-growth ratio of 2.48 and a beta of 1.08. The company has a current ratio of 1.29, a quick ratio of 0.97 and a debt-to-equity ratio of 1.81. Honeywell International Inc. has a 1 year low of $179.36 and a 1 year high of $242.77. The firm’s 50-day moving average is $226.81 and its 200-day moving average is $217.03.

Honeywell International (NASDAQ:HON) last issued its earnings results on Thursday, July 24th. The conglomerate reported $2.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.66 by $0.09. The company had revenue of $10.35 billion for the quarter, compared to analyst estimates of $10.01 billion. Honeywell International had a net margin of 14.30% and a return on equity of 37.37%. The company’s revenue for the quarter 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 analysts expect that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Announces Dividend

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

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.