Investment Partners Asset Management Inc. Buys New Position in Honeywell International Inc. $HON

Investment Partners Asset Management Inc. bought a new stake in shares of Honeywell International Inc. (NASDAQ:HON) during the 2nd quarter, HoldingsChannel reports. The firm bought 917 shares of the conglomerate’s stock, valued at approximately $214,000.

Several other hedge funds have also modified their holdings of HON. Brighton Jones LLC raised its holdings in shares of Honeywell International by 9.1% during the 4th quarter. Brighton Jones LLC now owns 19,047 shares of the conglomerate’s stock valued at $4,302,000 after buying an additional 1,582 shares during the period. Mascagni Wealth Management Inc. purchased a new stake in shares of Honeywell International during the 4th quarter valued at about $84,000. Versant Capital Management Inc raised its holdings in shares of Honeywell International by 27.1% during the 1st quarter. Versant Capital Management Inc now owns 4,262 shares of the conglomerate’s stock valued at $902,000 after buying an additional 909 shares during the period. Capital Market Strategies LLC purchased a new stake in shares of Honeywell International during the 1st quarter valued at about $228,000. Finally, Sage Capital Advisors llc raised its holdings in shares of Honeywell International by 34.6% during the 1st quarter. Sage Capital Advisors llc now owns 24,989 shares of the conglomerate’s stock valued at $5,291,000 after buying an additional 6,419 shares during the period. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Honeywell International Price Performance

Shares of HON opened at $208.19 on Friday. The firm 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 stock has a 50 day moving average of $217.83 and a 200-day moving average of $217.29. 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 52 week low of $179.36 and a 52 week high of $242.77.

Honeywell International (NASDAQ:HON) last released its quarterly earnings data on Thursday, July 24th. The conglomerate reported $2.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.66 by $0.09. Honeywell International had a return on equity of 37.37% and a net margin of 14.30%.The business had revenue of $10.35 billion during the quarter, compared to analyst estimates of $10.01 billion. During the same quarter in the previous year, the firm posted $2.49 EPS. The business’s revenue for the quarter was up 8.1% compared to the same quarter last year. 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, analysts forecast that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Friday, November 14th will be given a dividend of $1.19 per share. This represents a $4.76 dividend on an annualized basis and a yield of 2.3%. This is a positive change from Honeywell International’s previous quarterly dividend of $1.13. Honeywell International’s payout ratio is 51.42%.

Insider Transactions at Honeywell International

In other Honeywell International news, CEO Lucian Boldea sold 42,149 shares of the business’s stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $221.58, for a total transaction of $9,339,375.42. Following the completion of the transaction, the chief executive officer owned 10,334 shares in the company, valued at approximately $2,289,807.72. The trade was a 80.31% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.20% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on HON. Barclays lifted their price objective on Honeywell International from $258.00 to $265.00 and gave the stock an “overweight” rating in a report on Wednesday, July 9th. Wells Fargo & Company dropped their price objective on Honeywell International from $240.00 to $230.00 and set an “equal weight” rating on the stock in a report on Friday, July 25th. Morgan Stanley lifted their price objective on Honeywell International from $225.00 to $245.00 and gave the stock an “equal weight” rating in a report on Monday, July 28th. Royal Bank Of Canada dropped their price objective on Honeywell International from $254.00 to $253.00 and set a “sector perform” rating on the stock in a report on Friday, July 25th. Finally, Citigroup lifted their price objective on Honeywell International from $242.00 to $265.00 and gave the stock a “buy” rating in a report on Wednesday, June 4th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Honeywell International currently has an average rating of “Moderate Buy” and an average target price of $254.00.

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.