Sivia Capital Partners LLC lowered its position in shares of Honeywell International Inc. (NASDAQ:HON – Free Report) by 22.6% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 1,177 shares of the conglomerate’s stock after selling 344 shares during the quarter. Sivia Capital Partners LLC’s holdings in Honeywell International were worth $274,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sawyer & Company Inc lifted its position in Honeywell International by 1.1% during the 2nd quarter. Sawyer & Company Inc now owns 20,429 shares of the conglomerate’s stock worth $4,758,000 after acquiring an additional 223 shares during the period. Gilman Hill Asset Management LLC acquired a new stake in Honeywell International during the 2nd quarter worth about $222,000. Lineweaver Wealth Advisors LLC lifted its position in Honeywell International by 5.4% during the 2nd quarter. Lineweaver Wealth Advisors LLC now owns 9,879 shares of the conglomerate’s stock worth $2,301,000 after acquiring an additional 508 shares during the period. Stokes Capital Advisors LLC lifted its position in Honeywell International by 0.5% during the 2nd quarter. Stokes Capital Advisors LLC now owns 37,360 shares of the conglomerate’s stock worth $8,700,000 after acquiring an additional 197 shares during the period. Finally, DLK Investment Management LLC lifted its position in Honeywell International by 1.0% during the 2nd quarter. DLK Investment Management LLC now owns 30,654 shares of the conglomerate’s stock worth $7,139,000 after acquiring an additional 314 shares during the period. Institutional investors and hedge funds own 75.91% of the company’s stock.
Insiders Place Their Bets
In related news, CEO Lucian Boldea sold 42,149 shares of the company’s stock in a transaction dated 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 owned 10,334 shares of the company’s stock, valued at approximately $2,289,807.72. This represents a 80.31% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.20% of the company’s stock.
Honeywell International Stock Performance
Honeywell International (NASDAQ:HON – Get Free Report) last released its quarterly earnings results 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 company 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%.Honeywell International’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter in the prior year, the firm 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. Sell-side analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.
Honeywell International Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, September 5th. Investors of record on Friday, August 15th were issued 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 yield of 2.2%. Honeywell International’s dividend payout ratio is presently 51.42%.
Analysts Set New Price Targets
A number of brokerages have commented on HON. Royal Bank Of Canada lowered their price target 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. Wells Fargo & Company decreased their price objective on Honeywell International from $240.00 to $230.00 and set an “equal weight” rating for the company in a report on Friday, July 25th. Morgan Stanley boosted their price objective on Honeywell International from $225.00 to $245.00 and gave the company an “equal weight” rating in a report on Monday, July 28th. Citigroup boosted their price objective on Honeywell International from $242.00 to $265.00 and gave the company a “buy” rating in a report on Wednesday, June 4th. Finally, Barclays boosted their price objective on Honeywell International from $258.00 to $265.00 and gave the company an “overweight” rating in a report on Wednesday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, Honeywell International has an average rating of “Moderate Buy” and a consensus target price of $254.00.
Check Out Our Latest Analysis on Honeywell International
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.
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