LGT Fund Management Co Ltd. Has $2.02 Million Stock Holdings in Honeywell International Inc. $HON

LGT Fund Management Co Ltd. grew its holdings in Honeywell International Inc. (NASDAQ:HON) by 229.5% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 8,669 shares of the conglomerate’s stock after buying an additional 6,038 shares during the quarter. LGT Fund Management Co Ltd.’s holdings in Honeywell International were worth $2,019,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. BankPlus Wealth Management LLC increased its stake in shares of Honeywell International by 2.2% in the second quarter. BankPlus Wealth Management LLC now owns 1,986 shares of the conglomerate’s stock valued at $463,000 after buying an additional 43 shares in the last quarter. Maia Wealth LLC increased its stake in shares of Honeywell International by 4.1% in the first quarter. Maia Wealth LLC now owns 1,189 shares of the conglomerate’s stock valued at $238,000 after buying an additional 47 shares in the last quarter. Kirtland Hills Capital Management LLC increased its stake in shares of Honeywell International by 1.1% in the first quarter. Kirtland Hills Capital Management LLC now owns 4,424 shares of the conglomerate’s stock valued at $870,000 after buying an additional 48 shares in the last quarter. Sound View Wealth Advisors Group LLC increased its stake in shares of Honeywell International by 0.6% in the first quarter. Sound View Wealth Advisors Group LLC now owns 8,769 shares of the conglomerate’s stock valued at $1,857,000 after buying an additional 48 shares in the last quarter. Finally, Gateway Wealth Partners LLC increased its position in Honeywell International by 2.5% in the first quarter. Gateway Wealth Partners LLC now owns 2,044 shares of the conglomerate’s stock worth $433,000 after purchasing an additional 49 shares during the period. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Honeywell International

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 transaction, the chief executive officer owned 10,334 shares in the company, valued at $2,289,807.72. The trade was a 80.31% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.20% of the stock is owned by company insiders.

Honeywell International Price Performance

Honeywell International stock opened at $209.05 on Friday. The firm has a market capitalization of $132.73 billion, a P/E ratio of 23.78, a PEG ratio of 2.36 and a beta of 1.06. Honeywell International Inc. has a 1 year low of $179.36 and a 1 year high of $242.77. The business has a 50-day moving average of $215.63 and a 200-day moving average of $217.40. 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 (NASDAQ:HON) last posted its earnings results 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. The company had revenue of $10.35 billion during 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 revenue for the quarter was up 8.1% compared to the same quarter last year. During the same period in the previous 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. On average, equities analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Friday, November 14th will be issued a dividend of $1.19 per share. This is a boost from Honeywell International’s previous quarterly dividend of $1.13. The ex-dividend date is Friday, November 14th. This represents a $4.76 annualized dividend and a dividend yield of 2.3%. Honeywell International’s dividend payout ratio (DPR) is presently 51.42%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on HON. Royal Bank Of Canada lowered their price objective on Honeywell International from $254.00 to $253.00 and set a “sector perform” rating for the company in a research report on Friday, July 25th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Honeywell International in a research report on Saturday, September 27th. Wells Fargo & Company lowered their price objective on Honeywell International from $240.00 to $230.00 and set an “equal weight” rating for the company in a research report on Friday, July 25th. Morgan Stanley lifted their price objective on Honeywell International from $225.00 to $245.00 and gave the stock an “equal weight” rating in a research report on Monday, July 28th. Finally, Barclays lifted their price objective on Honeywell International from $258.00 to $265.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 9th. 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 stock. Based on data from MarketBeat, Honeywell International has an average rating of “Moderate Buy” and an average target price of $254.79.

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.