Persium Advisors LLC Grows Stake in Honeywell International Inc. $HON

by · The Cerbat Gem

Persium Advisors LLC grew its holdings in shares of Honeywell International Inc. (NASDAQ:HON – Free Report) by 4.1% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,129 shares of the conglomerate’s stock after buying an additional 122 shares during the period. Honeywell International accounts for 0.6% of Persium Advisors LLC’s portfolio, making the stock its 22nd biggest position. Persium Advisors LLC’s holdings in Honeywell International were worth $729,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HON. Mpwm Advisory Solutions LLC purchased a new position in Honeywell International during the 4th quarter valued at $29,000. Pandora Wealth Inc. bought a new stake in shares of Honeywell International during the 1st quarter valued at about $33,000. 1248 Management LLC bought a new stake in shares of Honeywell International during the 1st quarter valued at about $38,000. Stone House Investment Management LLC purchased a new position in shares of Honeywell International during the first quarter valued at about $41,000. Finally, Quarry LP bought a new position in Honeywell International in the first quarter worth about $41,000. Institutional investors own 75.91% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on HON. Royal Bank Of Canada cut their price objective on Honeywell International from $254.00 to $253.00 and set a “sector perform” rating on the stock in a research report on Friday, July 25th. Wells Fargo & Company dropped their price target on Honeywell International from $240.00 to $230.00 and set an “equal weight” rating on the stock in a research report on Friday, July 25th. Barclays upped their price target on Honeywell International from $258.00 to $265.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 9th. Citigroup raised their price objective on Honeywell International from $242.00 to $265.00 and gave the company a “buy” rating in a research report on Wednesday, June 4th. Finally, Morgan Stanley boosted their target price on shares of Honeywell International from $225.00 to $245.00 and gave the company an “equal weight” rating in a report on Monday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $254.00.

Check Out Our Latest Stock Analysis on Honeywell International

Honeywell International Stock Performance

Shares of Honeywell International stock opened at $211.46 on Monday. Honeywell International Inc. has a 1 year low of $179.36 and a 1 year high of $242.77. The firm’s 50-day moving average is $223.41 and its 200 day moving average is $217.49. The stock has a market cap of $134.26 billion, a price-to-earnings ratio of 24.06, a PEG ratio of 2.39 and a beta of 1.05. 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 (NASDAQ:HON – Get Free Report) last issued 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 business had revenue of $10.35 billion during 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 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 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. Sell-side analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Announces Dividend

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

Insider Buying and Selling

In other Honeywell International news, CEO Lucian Boldea sold 42,149 shares of the stock in a transaction on 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 sale, the chief executive officer directly owned 10,334 shares in the company, valued at approximately $2,289,807.72. This trade represents a 80.31% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.20% of the company’s stock.

About Honeywell International

(Free Report)

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.

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