Norden Group LLC Raises Holdings in Honeywell International Inc. $HON

Norden Group LLC grew its position in shares of Honeywell International Inc. (NASDAQ:HON) by 34.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,640 shares of the conglomerate’s stock after purchasing an additional 938 shares during the period. Norden Group LLC’s holdings in Honeywell International were worth $848,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in HON. Pandora Wealth Inc. bought a new position in shares of Honeywell International in the 1st quarter valued at about $33,000. 1248 Management LLC bought a new position in shares of Honeywell International in the 1st quarter valued at about $38,000. Stone House Investment Management LLC bought a new position in shares of Honeywell International in the 1st quarter valued at about $41,000. Quarry LP bought a new position in shares of Honeywell International in the 1st quarter valued at about $41,000. Finally, Garde Capital Inc. bought a new position in shares of Honeywell International in the 1st quarter valued at about $42,000. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on HON shares. Morgan Stanley increased their price target on shares of Honeywell International from $225.00 to $245.00 and gave the company an “equal weight” rating in a report on Monday, July 28th. Wells Fargo & Company lowered their price target on shares of Honeywell International from $240.00 to $230.00 and set an “equal weight” rating for the company in a report on Friday, July 25th. Royal Bank Of Canada decreased their price objective on shares of Honeywell International from $254.00 to $253.00 and set a “sector perform” rating for the company in a research note on Friday, July 25th. Citigroup raised their price objective on shares of Honeywell International from $242.00 to $265.00 and gave the stock a “buy” rating in a research note on Wednesday, June 4th. Finally, Barclays raised their price objective on shares of Honeywell International from $258.00 to $265.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 9th. One research 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 stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $254.00.

Honeywell International Stock Performance

Honeywell International stock opened at $208.60 on Thursday. The company has a 50 day moving average price of $219.01 and a 200-day moving average price of $217.34. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.97 and a current ratio of 1.29. Honeywell International Inc. has a fifty-two week low of $179.36 and a fifty-two week high of $242.77. The company 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 (NASDAQ:HON) last posted its quarterly earnings results on Thursday, July 24th. The conglomerate reported $2.75 earnings per share for the quarter, beating the consensus estimate of $2.66 by $0.09. Honeywell International had a net margin of 14.30% and a return on equity of 37.37%. The firm had revenue of $10.35 billion during the quarter, compared to the consensus estimate of $10.01 billion. During the same quarter in the previous year, the firm posted $2.49 earnings per share. The company’s revenue was up 8.1% on a year-over-year basis. Honeywell International has set its FY 2025 guidance at 10.450-10.650 EPS. Q3 2025 guidance at 2.500-2.600 EPS. As a group, equities analysts forecast that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 5th. Stockholders of record on Friday, August 15th were paid a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend was Friday, August 15th. Honeywell International’s payout ratio is currently 51.42%.

Insider Buying and Selling at Honeywell International

In other news, CEO Lucian Boldea sold 42,149 shares of Honeywell International stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $221.58, for a total transaction 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 approximately $2,289,807.72. The trade was a 80.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.20% of the company’s stock.

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.