Ameritas Advisory Services LLC reduced its stake in Honeywell International Inc. (NASDAQ:HON – Free Report) by 17.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,526 shares of the conglomerate’s stock after selling 1,805 shares during the period. Ameritas Advisory Services LLC’s holdings in Honeywell International were worth $1,986,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Pandora Wealth Inc. bought a new position in shares of Honeywell International during the first quarter valued at approximately $33,000. 1248 Management LLC bought a new position in shares of Honeywell International during the first quarter valued at approximately $38,000. Dogwood Wealth Management LLC increased its stake in shares of Honeywell International by 143.9% during the second quarter. Dogwood Wealth Management LLC now owns 161 shares of the conglomerate’s stock valued at $39,000 after purchasing an additional 95 shares in the last quarter. Stone House Investment Management LLC bought a new position in shares of Honeywell International during the first quarter valued at approximately $41,000. Finally, Quarry LP bought a new position in shares of Honeywell International during the first quarter valued at approximately $41,000. 75.91% of the stock is owned by institutional investors.
Insider Transactions 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 value of $9,339,375.42. Following the sale, the chief executive officer 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 sale 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 Price Performance
Honeywell International (NASDAQ:HON – Get Free Report) last issued its 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. 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 for the quarter, compared to analysts’ expectations of $10.01 billion. During the same quarter last year, the company posted $2.49 earnings per share. The firm’s quarterly 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 research analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.
Honeywell International Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Friday, November 14th will be issued a $1.19 dividend. This is an increase from Honeywell International’s previous quarterly dividend of $1.13. This represents a $4.76 annualized dividend and a yield of 2.3%. The ex-dividend date is Friday, November 14th. Honeywell International’s dividend payout ratio is 51.42%.
Wall Street Analysts Forecast Growth
HON has been the subject of a number of analyst reports. Wells Fargo & Company decreased their target price on shares of Honeywell International from $240.00 to $230.00 and set an “equal weight” rating for the company in a research note on Friday, July 25th. Barclays raised their target price on shares of Honeywell International from $258.00 to $265.00 and gave the company an “overweight” rating in a research note 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 for the company in a research note on Friday, July 25th. Morgan Stanley raised their price target 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. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Honeywell International in a research report on Saturday, September 27th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $254.79.
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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