Forbes J M & Co. LLP Cuts Position in Honeywell International Inc. $HON

Forbes J M & Co. LLP decreased its holdings in Honeywell International Inc. (NASDAQ:HON) by 0.7% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 57,326 shares of the conglomerate’s stock after selling 396 shares during the period. Honeywell International makes up about 1.2% of Forbes J M & Co. LLP’s holdings, making the stock its 26th biggest holding. Forbes J M & Co. LLP’s holdings in Honeywell International were worth $13,350,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in HON. Brighton Jones LLC boosted its stake in shares of Honeywell International by 9.1% in the 4th quarter. Brighton Jones LLC now owns 19,047 shares of the conglomerate’s stock valued at $4,302,000 after purchasing an additional 1,582 shares in the last quarter. NBC Securities Inc. boosted its stake in shares of Honeywell International by 115,333.3% in the 1st quarter. NBC Securities Inc. now owns 3,463 shares of the conglomerate’s stock valued at $733,000 after purchasing an additional 3,460 shares in the last quarter. Vantage Wealth boosted its stake in shares of Honeywell International by 0.3% in the 1st quarter. Vantage Wealth now owns 82,460 shares of the conglomerate’s stock valued at $17,461,000 after purchasing an additional 273 shares in the last quarter. Merit Financial Group LLC boosted its stake in shares of Honeywell International by 12.6% in the 1st quarter. Merit Financial Group LLC now owns 50,771 shares of the conglomerate’s stock valued at $10,751,000 after purchasing an additional 5,675 shares in the last quarter. Finally, Bridge Creek Capital Management LLC boosted its stake in shares of Honeywell International by 3.0% in the 1st quarter. Bridge Creek Capital Management LLC now owns 7,605 shares of the conglomerate’s stock valued at $1,610,000 after purchasing an additional 220 shares in the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Royal Bank Of Canada lowered their price target on shares of Honeywell International from $254.00 to $253.00 and set a “sector perform” rating for the company in a report on Friday, July 25th. Citigroup upped their price target on shares of Honeywell International from $242.00 to $265.00 and gave the company a “buy” rating in a report on Wednesday, June 4th. Morgan Stanley upped their price target on shares of Honeywell International from $225.00 to $245.00 and gave the company an “equal weight” rating in a report on Monday, July 28th. Wells Fargo & Company lowered their price target on shares of Honeywell International from $240.00 to $230.00 and set an “equal weight” rating for the company in a report on Friday, July 25th. Finally, Barclays upped their price target 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. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, Honeywell International currently has a consensus rating of “Moderate Buy” and a consensus price target of $254.00.

Honeywell International Stock Up 0.6%

Shares of Honeywell International stock opened at $210.53 on Wednesday. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.29 and a quick ratio of 0.97. The company has a 50-day moving average of $216.79 and a 200 day moving average of $217.39. The firm has a market cap of $133.67 billion, a price-to-earnings ratio of 23.95, a PEG ratio of 2.36 and a beta of 1.05. Honeywell International Inc. has a 1 year low of $179.36 and a 1 year 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 for the quarter, beating analysts’ consensus estimates of $2.66 by $0.09. The business had revenue of $10.35 billion during the quarter, compared to analyst estimates of $10.01 billion. Honeywell International had a net margin of 14.30% and a return on equity of 37.37%. Honeywell International’s revenue was up 8.1% compared to the same quarter last year. During the same period last year, the business 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, sell-side analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Friday, November 14th will be paid a dividend of $1.19 per share. 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 (DPR) is 51.42%.

Insiders Place Their Bets

In other Honeywell International news, CEO Lucian Boldea sold 42,149 shares of the firm’s stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $221.58, for a total transaction of $9,339,375.42. Following the completion of the sale, the chief executive officer directly owned 10,334 shares in the company, valued at approximately $2,289,807.72. This trade represents a 80.31% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.41% of the company’s stock.

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.