ZWJ Investment Counsel Inc. Sells 90 Shares of Honeywell International Inc. $HON

ZWJ Investment Counsel Inc. trimmed its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 6.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,385 shares of the conglomerate’s stock after selling 90 shares during the quarter. ZWJ Investment Counsel Inc.’s holdings in Honeywell International were worth $323,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in HON. Brighton Jones LLC lifted its position in shares of Honeywell International by 9.1% during the fourth quarter. Brighton Jones LLC now owns 19,047 shares of the conglomerate’s stock worth $4,302,000 after purchasing an additional 1,582 shares during the last quarter. Vest Financial LLC raised its holdings in shares of Honeywell International by 65.1% in the first quarter. Vest Financial LLC now owns 10,744 shares of the conglomerate’s stock valued at $2,275,000 after acquiring an additional 4,236 shares in the last quarter. Foster Group Inc. raised its holdings in shares of Honeywell International by 15.3% in the first quarter. Foster Group Inc. now owns 1,745 shares of the conglomerate’s stock valued at $369,000 after acquiring an additional 231 shares in the last quarter. Signal Advisors Wealth LLC bought a new stake in shares of Honeywell International in the first quarter valued at about $207,000. Finally, Curat Global LLC bought a new stake in shares of Honeywell International in the first quarter valued at about $148,000. 75.91% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft lifted their price objective on Honeywell International from $268.00 to $271.00 and gave the company a “buy” rating in a report on Thursday. Morgan Stanley lifted their price objective 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 Saturday, September 27th. Wells Fargo & Company decreased their price objective on Honeywell International from $240.00 to $230.00 and set an “equal weight” rating for the company in a report on Friday, July 25th. Finally, Royal Bank Of Canada decreased their price objective on Honeywell International from $254.00 to $253.00 and set a “sector perform” rating for the company in a report on Friday, July 25th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, Honeywell International currently has an average rating of “Moderate Buy” and an average target price of $254.79.

Insider Buying and Selling

In related news, CEO Lucian Boldea sold 42,149 shares of the company’s stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $221.58, for a total value of $9,339,375.42. Following the sale, the chief executive officer owned 10,334 shares in the company, valued at $2,289,807.72. This represents a 80.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.20% of the stock is currently owned by corporate insiders.

Honeywell International Stock Performance

HON opened at $209.05 on Friday. Honeywell International Inc. has a 52-week low of $179.36 and a 52-week high of $242.77. The company has a quick ratio of 0.97, a current ratio of 1.29 and a debt-to-equity ratio of 1.81. The company has a market cap of $132.73 billion, a P/E ratio of 23.78, a price-to-earnings-growth ratio of 2.36 and a beta of 1.06. The firm’s 50-day moving average price is $215.63 and its 200-day moving average price is $217.40.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings data on Thursday, July 24th. The conglomerate reported $2.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.66 by $0.09. Honeywell International had a net margin of 14.30% and a return on equity of 37.37%. The firm had revenue of $10.35 billion for the quarter, compared to the consensus estimate of $10.01 billion. During the same quarter in the prior year, the company posted $2.49 earnings per share. The company’s revenue for the quarter was up 8.1% compared to the same quarter last year. Honeywell International has set its FY 2025 guidance at 10.450-10.650 EPS. Q3 2025 guidance at 2.500-2.600 EPS. As a group, equities analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Friday, November 14th will be issued a dividend of $1.19 per share. This represents a $4.76 annualized dividend and a dividend yield of 2.3%. This is an increase from Honeywell International’s previous quarterly dividend of $1.13. The ex-dividend date is Friday, November 14th. Honeywell International’s dividend payout ratio is currently 51.42%.

Honeywell International 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.