138 Shares in Honeywell International Inc. $HON Bought by RMG Wealth Management LLC

RMG Wealth Management LLC purchased a new position in shares of Honeywell International Inc. (NASDAQ:HON) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 138 shares of the conglomerate’s stock, valued at approximately $33,000.

A number of other hedge funds have also bought and sold shares of the business. Chung Wu Investment Group LLC bought a new stake in shares of Honeywell International in the second quarter valued at $26,000. Pandora Wealth Inc. bought a new stake in shares of Honeywell International in the first quarter valued at $33,000. 1248 Management LLC bought a new stake in shares of Honeywell International in the first quarter valued at $38,000. Dogwood Wealth Management LLC raised its stake in shares of Honeywell International by 143.9% in the second quarter. Dogwood Wealth Management LLC now owns 161 shares of the conglomerate’s stock valued at $39,000 after buying an additional 95 shares during the period. Finally, Stone House Investment Management LLC bought a new stake in shares of Honeywell International in the first quarter valued at $41,000. 75.91% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on HON shares. Morgan Stanley boosted their target price on Honeywell International from $225.00 to $245.00 and gave the company an “equal weight” rating in a research note on Monday, July 28th. Deutsche Bank Aktiengesellschaft boosted their target price on Honeywell International from $268.00 to $271.00 and gave the company a “buy” rating in a research note on Thursday, October 2nd. Barclays boosted their price objective on 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 price objective 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. Finally, Wells Fargo & Company decreased their price objective on Honeywell International from $230.00 to $220.00 and set an “equal weight” rating on the stock in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $254.07.

Honeywell International Price Performance

Shares of NASDAQ HON opened at $208.98 on Wednesday. The firm has a market capitalization of $132.68 billion, a P/E ratio of 23.77, a P/E/G ratio of 2.34 and a beta of 1.06. The company has a quick ratio of 0.97, a current ratio of 1.29 and a debt-to-equity ratio of 1.81. The stock’s 50-day simple moving average is $215.05 and its two-hundred day simple moving average is $217.38. Honeywell International Inc. has a twelve month low of $179.36 and a twelve month high of $242.77.

Honeywell International (NASDAQ:HON) last announced its earnings results on Thursday, July 24th. The conglomerate reported $2.75 earnings per share for the quarter, topping analysts’ consensus estimates of $2.66 by $0.09. The business 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 prior year, the company earned $2.49 EPS. 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 analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Friday, November 14th will be paid a $1.19 dividend. The ex-dividend date is Friday, November 14th. This represents a $4.76 dividend on an annualized basis and a yield of 2.3%. This is an increase from Honeywell International’s previous quarterly dividend of $1.13. Honeywell International’s dividend payout ratio is currently 51.42%.

Insiders Place Their Bets

In other Honeywell International news, CEO Lucian Boldea sold 42,149 shares of the company’s stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $221.58, for a total value of $9,339,375.42. Following the transaction, the chief executive officer directly owned 10,334 shares in the company, valued at $2,289,807.72. This represents a 80.31% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.41% of the stock is owned by corporate insiders.

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.