Sax Wealth Advisors LLC Acquires 259 Shares of Honeywell International Inc. $HON

Sax Wealth Advisors LLC raised its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 10.6% in the 2nd quarter, Holdings Channel reports. The firm owned 2,704 shares of the conglomerate’s stock after purchasing an additional 259 shares during the quarter. Sax Wealth Advisors LLC’s holdings in Honeywell International were worth $630,000 at the end of the most recent quarter.

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

Insider Activity at Honeywell International

In related news, CEO Lucian Boldea sold 42,149 shares of the 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 of the company’s stock, valued at approximately $2,289,807.72. This represents a 80.31% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.20% of the stock is currently owned by company insiders.

Honeywell International Stock Performance

Shares of Honeywell International stock opened at $209.85 on Thursday. Honeywell International Inc. has a 52 week low of $179.36 and a 52 week high of $242.77. The business’s fifty day simple moving average is $214.81 and its 200-day simple moving average is $217.33. The firm has a market cap of $133.23 billion, a PE ratio of 23.87, a price-to-earnings-growth 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.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings results on Thursday, July 24th. The conglomerate reported $2.75 EPS for the quarter, beating 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 analyst estimates of $10.01 billion. During the same quarter in the prior year, the company posted $2.49 EPS. The company’s quarterly 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. Equities analysts forecast that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Increases Dividend

The firm also recently declared 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 is a boost from Honeywell International’s previous quarterly dividend of $1.13. The ex-dividend date of this dividend is Friday, November 14th. This represents a $4.76 annualized dividend and a dividend yield of 2.3%. Honeywell International’s dividend payout ratio is currently 54.15%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on HON. Morgan Stanley upped their target price on Honeywell International from $225.00 to $245.00 and gave the company an “equal weight” rating in a report on Monday, July 28th. Weiss Ratings restated a “buy (b-)” rating on shares of Honeywell International in a report on Wednesday. Wells Fargo & Company dropped their target price on Honeywell International from $230.00 to $220.00 and set an “equal weight” rating for the company in a report on Monday. TD Cowen dropped their target price on Honeywell International from $260.00 to $250.00 in a report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft upped their target price on Honeywell International from $268.00 to $271.00 and gave the company a “buy” rating in a report on Thursday, October 2nd. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $251.80.

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.