Honeywell International Inc. $HON Shares Sold by PUREfi Wealth LLC

PUREfi Wealth LLC reduced its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 14.6% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,929 shares of the conglomerate’s stock after selling 329 shares during the quarter. PUREfi Wealth LLC’s holdings in Honeywell International were worth $449,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Nuveen LLC purchased a new stake in shares of Honeywell International in the 1st quarter valued at about $1,150,929,000. Wellington Management Group LLP lifted its holdings in shares of Honeywell International by 8.9% in the 1st quarter. Wellington Management Group LLP now owns 15,751,951 shares of the conglomerate’s stock valued at $3,335,476,000 after purchasing an additional 1,293,137 shares during the last quarter. Alliancebernstein L.P. lifted its holdings in shares of Honeywell International by 64.6% in the 1st quarter. Alliancebernstein L.P. now owns 2,652,344 shares of the conglomerate’s stock valued at $561,634,000 after purchasing an additional 1,041,273 shares during the last quarter. Vista Cima Wealth Management LLC purchased a new stake in shares of Honeywell International in the 1st quarter valued at about $164,000. Finally, OVERSEA CHINESE BANKING Corp Ltd lifted its holdings in shares of Honeywell International by 592.0% in the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 867,665 shares of the conglomerate’s stock valued at $183,728,000 after purchasing an additional 742,281 shares during the last quarter. 75.91% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Lucian Boldea sold 42,149 shares of Honeywell International 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 sale, 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on HON. Royal Bank Of Canada reduced their price objective 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. Morgan Stanley upped their price objective 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. Wells Fargo & Company reduced their price objective on 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. Deutsche Bank Aktiengesellschaft upped their price objective on Honeywell International from $268.00 to $271.00 and gave the company a “buy” rating in a research note on Thursday. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Honeywell International in a research note on Saturday, September 27th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $254.79.

Honeywell International Price Performance

Shares of NASDAQ:HON opened at $209.05 on Monday. Honeywell International Inc. has a one year low of $179.36 and a one year high of $242.77. The business’s fifty day moving average price is $215.63 and its two-hundred day moving average price is $217.45. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.97 and a current ratio of 1.29. The stock 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.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings data 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 return on equity of 37.37% and a net margin of 14.30%.The business had revenue of $10.35 billion for the quarter, compared to analysts’ expectations of $10.01 billion. During the same quarter last year, the firm earned $2.49 earnings per share. The business’s 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. On average, analysts forecast 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. Stockholders of record on Friday, November 14th will be given a dividend of $1.19 per share. The ex-dividend date of this dividend is Friday, November 14th. This is a positive change from Honeywell International’s previous quarterly dividend of $1.13. This represents a $4.76 dividend on an annualized basis and a dividend yield of 2.3%. Honeywell International’s dividend payout ratio is presently 54.15%.

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.