State of Alaska Department of Revenue Sells 4,010 Shares of Honeywell International Inc. $HON

State of Alaska Department of Revenue lowered its holdings in Honeywell International Inc. (NASDAQ:HON) by 5.3% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 72,152 shares of the conglomerate’s stock after selling 4,010 shares during the quarter. State of Alaska Department of Revenue’s holdings in Honeywell International were worth $16,802,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. NovaPoint Capital LLC grew its position in shares of Honeywell International by 8.5% in the 2nd quarter. NovaPoint Capital LLC now owns 19,580 shares of the conglomerate’s stock worth $4,560,000 after buying an additional 1,526 shares during the last quarter. Cove Private Wealth LLC grew its position in shares of Honeywell International by 53.7% in the 2nd quarter. Cove Private Wealth LLC now owns 4,675 shares of the conglomerate’s stock worth $1,089,000 after buying an additional 1,633 shares during the last quarter. Patton Fund Management Inc. purchased a new position in shares of Honeywell International in the 2nd quarter worth approximately $257,000. Investment Partners Asset Management Inc. purchased a new position in shares of Honeywell International in the 2nd quarter worth approximately $214,000. Finally, Vision Capital Management Inc. grew its position in shares of Honeywell International by 3.2% in the 2nd quarter. Vision Capital Management Inc. now owns 38,541 shares of the conglomerate’s stock worth $8,975,000 after buying an additional 1,213 shares during the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Barclays boosted their target price on shares of Honeywell International from $258.00 to $265.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 9th. Morgan Stanley lifted their price objective on shares of 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 decreased their target price on shares of 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. Royal Bank Of Canada reduced their price objective on shares of 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. Finally, Citigroup upped their price objective on shares of Honeywell International from $242.00 to $265.00 and gave the stock a “buy” rating in a research report on Wednesday, June 4th. One 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 stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $254.00.

Insiders Place Their Bets

In related news, CEO Lucian Boldea sold 42,149 shares of Honeywell International stock in a transaction on 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 directly owned 10,334 shares in the company, valued at $2,289,807.72. This trade represents a 80.31% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.20% of the stock is currently owned by company insiders.

Honeywell International Trading Up 0.2%

Shares of HON stock opened at $208.19 on Friday. The firm has a market cap of $132.18 billion, a PE ratio of 23.68, a price-to-earnings-growth ratio of 2.35 and a beta of 1.05. Honeywell International Inc. has a 1-year low of $179.36 and a 1-year high of $242.77. 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 has a 50-day moving average of $217.83 and a two-hundred day moving average of $217.29.

Honeywell International (NASDAQ:HON) last issued its quarterly 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 business had revenue of $10.35 billion for the quarter, compared to analysts’ expectations of $10.01 billion. Honeywell International had a net margin of 14.30% and a return on equity of 37.37%. The business’s quarterly revenue was up 8.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $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 predict that Honeywell International Inc. will post 10.34 EPS for the current 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 issued a $1.19 dividend. This represents a $4.76 dividend on an annualized basis and a dividend yield of 2.3%. This is a boost from Honeywell International’s previous quarterly dividend of $1.13. Honeywell International’s payout ratio is presently 51.42%.

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.