Honeywell International Inc. $HON Position Lifted by NovaPoint Capital LLC

NovaPoint Capital LLC raised its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 8.5% during the second quarter, HoldingsChannel reports. The fund owned 19,580 shares of the conglomerate’s stock after acquiring an additional 1,526 shares during the quarter. Honeywell International comprises approximately 1.4% of NovaPoint Capital LLC’s holdings, making the stock its 27th largest position. NovaPoint Capital LLC’s holdings in Honeywell International were worth $4,560,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in HON. Pandora Wealth Inc. bought a new position in shares of Honeywell International in the 1st quarter worth about $33,000. 1248 Management LLC bought a new position in shares of Honeywell International in the 1st quarter worth about $38,000. Stone House Investment Management LLC bought a new position in shares of Honeywell International in the 1st quarter worth about $41,000. Quarry LP acquired a new stake in shares of Honeywell International in the 1st quarter worth about $41,000. Finally, Garde Capital Inc. acquired a new stake in shares of Honeywell International in the 1st quarter worth about $42,000. 75.91% of the stock is currently owned by institutional investors.

Honeywell International Stock Performance

Shares of HON opened at $208.19 on Friday. Honeywell International Inc. has a one year low of $179.36 and a one year high of $242.77. The company has a 50-day moving average of $217.83 and a two-hundred day moving average of $217.29. The stock has a market cap of $132.18 billion, a price-to-earnings ratio of 23.68, a PEG ratio of 2.35 and a beta of 1.05. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.29 and a quick ratio of 0.97.

Honeywell International (NASDAQ:HON) last announced its earnings results on Thursday, July 24th. The conglomerate reported $2.75 EPS for the quarter, topping 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 company had revenue of $10.35 billion during the quarter, compared to analysts’ expectations of $10.01 billion. During the same period last year, the company posted $2.49 earnings per share. The business’s revenue for the quarter 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. On average, equities research analysts expect that Honeywell International Inc. will post 10.34 earnings per share for the current 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 issued a dividend of $1.19 per share. This is a boost from Honeywell International’s previous quarterly dividend of $1.13. This represents a $4.76 annualized dividend and a dividend yield of 2.3%. Honeywell International’s dividend payout ratio (DPR) is currently 51.42%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Barclays increased their price objective on shares of Honeywell International from $258.00 to $265.00 and gave the stock an “overweight” rating in a report on Wednesday, July 9th. Royal Bank Of Canada lowered 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 note on Friday, July 25th. Morgan Stanley raised 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 note on Monday, July 28th. Wells Fargo & Company lowered 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 note on Friday, July 25th. Finally, 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. One investment 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 stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $254.00.

Insider Activity at Honeywell International

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 transaction of $9,339,375.42. Following the completion of the sale, the chief executive officer directly owned 10,334 shares in the company, valued at approximately $2,289,807.72. This trade represents a 80.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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.