Harrell Investment Partners LLC Acquires New Position in Honeywell International Inc. $HON

Harrell Investment Partners LLC acquired a new stake in Honeywell International Inc. (NASDAQ:HON) in the second quarter, Holdings Channel.com reports. The fund acquired 1,270 shares of the conglomerate’s stock, valued at approximately $296,000.

A number of other hedge funds have also recently modified their holdings of the company. Verum Partners LLC grew its holdings in shares of Honeywell International by 5.3% in the second quarter. Verum Partners LLC now owns 1,597 shares of the conglomerate’s stock valued at $372,000 after purchasing an additional 81 shares during the period. RVW Wealth LLC purchased a new stake in shares of Honeywell International in the second quarter valued at about $210,000. Lynch & Associates IN lifted its position in Honeywell International by 0.5% in the second quarter. Lynch & Associates IN now owns 27,669 shares of the conglomerate’s stock valued at $6,443,000 after buying an additional 150 shares during the last quarter. IMS Capital Management acquired a new position in Honeywell International in the second quarter valued at about $333,000. Finally, Ballentine Partners LLC lifted its position in Honeywell International by 1.5% in the second quarter. Ballentine Partners LLC now owns 24,265 shares of the conglomerate’s stock valued at $5,651,000 after buying an additional 363 shares during the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on HON. Morgan Stanley upped their target price on shares of Honeywell International from $225.00 to $245.00 and gave the company an “equal weight” rating in a research report on Monday, July 28th. Citigroup upped their target price 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 upped their target price 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. Royal Bank Of Canada decreased their target price on shares of 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. Finally, Wells Fargo & Company decreased their target price on shares of Honeywell International from $240.00 to $230.00 and set an “equal weight” rating on the stock in a research report on Friday, July 25th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat.com, Honeywell International has a consensus rating of “Moderate Buy” and an average target price of $254.00.

Insiders Place Their Bets

In related news, CEO Lucian Boldea sold 42,149 shares of the firm’s stock in a transaction that occurred on 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 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.20% of the stock is currently owned by company insiders.

Honeywell International Stock Down 0.3%

Shares of HON opened at $208.60 on Thursday. The stock has a market capitalization of $132.44 billion, a PE ratio of 23.73, a P/E/G ratio of 2.36 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 company has a debt-to-equity ratio of 1.81, a quick ratio of 0.97 and a current ratio of 1.29. The company’s 50-day simple moving average is $219.01 and its 200-day simple moving average is $217.34.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings results on Thursday, July 24th. The conglomerate reported $2.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.66 by $0.09. The business had revenue of $10.35 billion for the quarter, compared to analysts’ expectations of $10.01 billion. Honeywell International had a net margin of 14.30% and a return on equity of 37.37%. The business’s quarterly revenue was up 8.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.49 earnings per share. Honeywell International has set its FY 2025 guidance at 10.450-10.650 EPS. Q3 2025 guidance at 2.500-2.600 EPS. Analysts forecast that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The company also recently announced 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 annualized dividend and a yield of 2.2%. 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.