Berkshire Money Management Inc. Sells 48 Shares of Honeywell International Inc. $HON

Berkshire Money Management Inc. lessened its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 4.5% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,012 shares of the conglomerate’s stock after selling 48 shares during the period. Berkshire Money Management Inc.’s holdings in Honeywell International were worth $236,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Chung Wu Investment Group LLC bought a new position in shares of Honeywell International in the second quarter worth $26,000. Pandora Wealth Inc. purchased a new stake in shares of Honeywell International during the first quarter valued at $33,000. 1248 Management LLC bought a new position in Honeywell International in the first quarter valued at about $38,000. Dogwood Wealth Management LLC lifted its position in shares of Honeywell International by 143.9% during the 2nd quarter. Dogwood Wealth Management LLC now owns 161 shares of the conglomerate’s stock valued at $39,000 after buying an additional 95 shares in the last quarter. Finally, Stone House Investment Management LLC purchased a new position in Honeywell International in the 1st quarter worth approximately $41,000. 75.91% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on HON. Deutsche Bank Aktiengesellschaft lifted their target price on Honeywell International from $268.00 to $271.00 and gave the stock a “buy” rating in a research report on Thursday. Weiss Ratings restated a “buy (b-)” rating on shares of Honeywell International in a report on Saturday, September 27th. Royal Bank Of Canada decreased their price target on 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. Barclays upped their target price on Honeywell International from $258.00 to $265.00 and gave the company an “overweight” rating in a research report on Wednesday, July 9th. Finally, Wells Fargo & Company dropped their price objective 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. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, Honeywell International presently has an average rating of “Moderate Buy” and a consensus price target of $254.79.

Honeywell International Stock Down 0.9%

HON stock opened at $209.05 on Monday. The company has a fifty day simple moving average of $215.63 and a 200 day simple moving average of $217.45. 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 1 year low of $179.36 and a 1 year high of $242.77. The firm has a market cap of $132.73 billion, a PE ratio of 23.78, a PEG ratio of 2.34 and a beta of 1.06.

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, beating the consensus estimate of $2.66 by $0.09. The firm had revenue of $10.35 billion for the quarter, compared to analyst estimates of $10.01 billion. Honeywell International had a return on equity of 37.37% and a net margin of 14.30%.The company’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same period in the previous year, the company posted $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. Sell-side analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Increases Dividend

The business also recently disclosed 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 a boost from Honeywell International’s previous quarterly dividend of $1.13. This represents a $4.76 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Friday, November 14th. Honeywell International’s dividend payout ratio is currently 54.15%.

Insider Buying and Selling

In related news, CEO Lucian Boldea sold 42,149 shares of the company’s stock in a transaction 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 completion of the sale, the chief executive officer owned 10,334 shares in the company, valued at $2,289,807.72. This represents a 80.31% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 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.