Prostatis Group LLC Cuts Stock Holdings in Honeywell International Inc. $HON

Prostatis Group LLC trimmed its stake in Honeywell International Inc. (NASDAQ:HON) by 23.7% during the 1st quarter, Holdings Channel reports. The firm owned 1,297 shares of the conglomerate’s stock after selling 403 shares during the quarter. Prostatis Group LLC’s holdings in Honeywell International were worth $275,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Brighton Jones LLC raised its holdings in shares of Honeywell International by 9.1% during the 4th quarter. Brighton Jones LLC now owns 19,047 shares of the conglomerate’s stock valued at $4,302,000 after buying an additional 1,582 shares in the last quarter. Lionshead Wealth Management LLC purchased a new position in shares of Honeywell International during the fourth quarter worth approximately $282,000. LRI Investments LLC lifted its holdings in shares of Honeywell International by 3.0% in the 4th quarter. LRI Investments LLC now owns 8,903 shares of the conglomerate’s stock worth $2,011,000 after acquiring an additional 259 shares during the last quarter. Leigh Baldwin & CO. LLC bought a new stake in shares of Honeywell International in the 4th quarter worth approximately $123,294,000. Finally, Moore Capital Management LP purchased a new stake in shares of Honeywell International in the 4th quarter valued at $16,525,000. 75.91% of the stock is currently owned by institutional investors.

Honeywell International Stock Performance

Shares of HON opened at $214.75 on Tuesday. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.29 and a quick ratio of 0.97. Honeywell International Inc. has a one year low of $179.36 and a one year high of $242.77. The company has a 50-day simple moving average of $225.53 and a two-hundred day simple moving average of $217.44. The firm has a market capitalization of $136.34 billion, a PE ratio of 24.43, a price-to-earnings-growth ratio of 2.42 and a beta of 1.05.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings data on Thursday, July 24th. The conglomerate reported $2.75 EPS for the quarter, beating the consensus estimate 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 return on equity of 37.37% and a net margin of 14.30%.The company’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same quarter last year, the firm posted $2.49 earnings per share. 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 anticipate that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Announces Dividend

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

Insiders Place Their Bets

In related news, CEO Lucian Boldea sold 42,149 shares of the company’s stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $221.58, for a total value 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.41% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on HON shares. Citigroup increased their target price on Honeywell International from $242.00 to $265.00 and gave the company a “buy” rating in a report on Wednesday, June 4th. 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. JPMorgan Chase & Co. raised their target price on shares of Honeywell International from $182.00 to $217.00 and gave the stock a “neutral” rating in a report on Friday, May 16th. Morgan Stanley lifted 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, Wall Street Zen raised shares of Honeywell International from a “hold” rating to a “buy” rating in a research report on Thursday, May 15th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat, Honeywell International has an average rating of “Moderate Buy” and a consensus price target of $254.00.

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.