Allen Mooney & Barnes Investment Advisors LLC Boosts Holdings in Honeywell International Inc. $HON

Allen Mooney & Barnes Investment Advisors LLC raised its holdings in Honeywell International Inc. (NASDAQ:HON) by 0.5% during the 2nd quarter, Holdings Channel.com reports. The firm owned 59,104 shares of the conglomerate’s stock after acquiring an additional 281 shares during the period. Honeywell International accounts for 2.3% of Allen Mooney & Barnes Investment Advisors LLC’s holdings, making the stock its 16th biggest holding. Allen Mooney & Barnes Investment Advisors LLC’s holdings in Honeywell International were worth $13,764,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in HON. Mpwm Advisory Solutions LLC purchased a new stake in Honeywell International in the fourth quarter valued at $29,000. Pandora Wealth Inc. purchased a new stake in shares of Honeywell International during the 1st quarter worth about $33,000. 1248 Management LLC purchased a new stake in shares of Honeywell International during the 1st quarter worth about $38,000. Stone House Investment Management LLC purchased a new stake in shares of Honeywell International during the 1st quarter worth about $41,000. Finally, Quarry LP purchased a new stake in shares of Honeywell International during the 1st quarter worth about $41,000. 75.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on HON shares. Royal Bank Of Canada lowered their target price on shares of 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. Wells Fargo & Company lowered their target price on shares of Honeywell International from $240.00 to $230.00 and set an “equal weight” rating on the stock in a research note on Friday, July 25th. Citigroup increased their target price on shares of Honeywell International from $242.00 to $265.00 and gave the stock a “buy” rating in a research note on Wednesday, June 4th. Morgan Stanley increased their target price on shares of Honeywell International from $225.00 to $245.00 and gave the stock an “equal weight” rating in a research note on Monday, July 28th. Finally, Barclays increased their target price on shares of Honeywell International from $258.00 to $265.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $254.00.

Honeywell International Trading Down 1.8%

HON opened at $211.46 on Monday. 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’s 50 day simple moving average is $223.41 and its two-hundred day simple moving average is $217.49. Honeywell International Inc. has a 1-year low of $179.36 and a 1-year high of $242.77. The firm has a market capitalization of $134.26 billion, a price-to-earnings ratio of 24.06, a price-to-earnings-growth ratio of 2.39 and a beta of 1.05.

Honeywell International (NASDAQ:HON) last released 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. Honeywell International had a net margin of 14.30% and a return on equity of 37.37%. The business had revenue of $10.35 billion for the quarter, compared to analyst estimates of $10.01 billion. During the same period last year, the company posted $2.49 EPS. 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. Analysts expect that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 5th. Stockholders of record on Friday, August 15th were given a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend was Friday, August 15th. Honeywell International’s payout ratio is presently 51.42%.

Insider Activity at Honeywell International

In other news, CEO Lucian Boldea sold 42,149 shares of Honeywell International stock in a transaction that occurred on 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 sale, the chief executive officer 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.20% 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.