Valpey Financial Services LLC Makes New Investment in Honeywell International Inc. $HON

Valpey Financial Services LLC purchased a new position in shares of Honeywell International Inc. (NASDAQ:HON) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 1,070 shares of the conglomerate’s stock, valued at approximately $249,000.

A number of other hedge funds have also recently modified their holdings of the company. Running Oak Capital LLC increased its position in Honeywell International by 1.8% during the second quarter. Running Oak Capital LLC now owns 72,525 shares of the conglomerate’s stock worth $16,890,000 after purchasing an additional 1,252 shares during the last quarter. Grimes & Company Inc. increased its holdings in shares of Honeywell International by 12.4% during the 2nd quarter. Grimes & Company Inc. now owns 8,387 shares of the conglomerate’s stock worth $1,953,000 after buying an additional 923 shares during the last quarter. Merit Financial Group LLC increased its holdings in shares of Honeywell International by 11.3% during the 2nd quarter. Merit Financial Group LLC now owns 56,486 shares of the conglomerate’s stock worth $13,155,000 after buying an additional 5,715 shares during the last quarter. Legacy Trust raised its position in shares of Honeywell International by 4.5% during the 2nd quarter. Legacy Trust now owns 2,673 shares of the conglomerate’s stock valued at $622,000 after buying an additional 115 shares during the period. Finally, Fortitude Advisory Group L.L.C. acquired a new position in Honeywell International in the second quarter valued at approximately $200,000. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Honeywell International Price Performance

Honeywell International stock opened at $209.05 on Monday. The company has a quick ratio of 0.97, a current ratio of 1.29 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. The firm has a market cap of $132.73 billion, a PE ratio of 23.78, a price-to-earnings-growth ratio of 2.34 and a beta of 1.06. The company’s 50 day moving average is $215.63 and its two-hundred day moving average is $217.45.

Honeywell International (NASDAQ:HON) last posted its quarterly 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. The business had revenue of $10.35 billion during the quarter, compared to the consensus estimate of $10.01 billion. Honeywell International had a net margin of 14.30% and a return on equity of 37.37%. The company’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the firm 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. On average, research analysts expect 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. Stockholders of record on Friday, November 14th will be paid a $1.19 dividend. This represents a $4.76 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Friday, November 14th. This is a boost from Honeywell International’s previous quarterly dividend of $1.13. Honeywell International’s dividend payout ratio (DPR) is 54.15%.

Insider Activity at Honeywell International

In other news, CEO Lucian Boldea sold 42,149 shares of the business’s stock in a transaction dated 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 directly 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.20% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on HON shares. Royal Bank Of Canada cut their target price on 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. Barclays boosted their price objective on shares of Honeywell International from $258.00 to $265.00 and gave the company an “overweight” rating in a report on Wednesday, July 9th. Morgan Stanley increased their target price on shares of Honeywell International from $225.00 to $245.00 and gave the stock an “equal weight” rating in a research note on Monday, July 28th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Honeywell International from $268.00 to $271.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Honeywell International in a report on Saturday, September 27th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $254.79.

Honeywell International Company 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.