Toth Financial Advisory Corp. increased its holdings in Honeywell International Inc. (NASDAQ: HON) by 7.6% during the second quarter of the year, according to a recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired an additional 1,450 shares, bringing its total holdings to 20,410 shares of the conglomerate’s stock.
As per the SEC filing, Toth Financial Advisory Corp.’s investment in Honeywell International was valued at $4,753,000. This increase reflects the firm’s confidence in Honeywell’s performance and future prospects.
Other institutional investors have also adjusted their positions in Honeywell International. Pandora Wealth Inc., 1248 Management LLC, Stone House Investment Management LLC, Quarry LP, and Garde Capital Inc. all established new positions in the company during the first quarter, with investments ranging from $33,000 to $42,000. Overall, hedge funds and other institutional investors currently hold 75.91% of Honeywell’s stock, indicating strong institutional interest in the company.
Honeywell International’s stock opened at $209.37 on Friday. The company boasts a market capitalization of $132.93 billion, a price-to-earnings (P/E) ratio of 23.82, a price/earnings to growth (P/E/G) ratio of 2.36, and a beta of 1.05. The company’s financial health is further evidenced by a debt-to-equity ratio of 1.81, a current ratio of 1.29, and a quick ratio of 0.97. The stock’s 50-day moving average is $220.67, while its 200-day moving average stands at $217.45. The stock has fluctuated between a low of $179.36 and a high of $242.77 over the past year.
Honeywell International reported its latest earnings on July 24th, exceeding expectations with an earnings per share (EPS) of $2.75, compared to the consensus estimate of $2.66. The company’s revenue for the quarter reached $10.35 billion, surpassing analysts’ projections of $10.01 billion. This represents an 8.1% year-over-year increase in revenue. The company’s net margin was 14.30%, with a return on equity of 37.37%. Looking ahead, Honeywell has projected its fiscal year 2025 EPS guidance between $10.45 and $10.65, and Q3 2025 EPS guidance between $2.50 and $2.60.
The company recently distributed a quarterly dividend of $1.13 per share on September 5th to investors of record as of August 15th. This translates to an annualized dividend of $4.52 and a dividend yield of 2.2%. The ex-dividend date was also August 15th. Honeywell’s dividend payout ratio currently stands at 51.42%.
Several equity research analysts have updated their ratings and price targets for Honeywell International. Citigroup raised its price target to $265.00, maintaining a “buy” rating, while Wells Fargo & Company reduced its target to $230.00, assigning an “equal weight” rating. Other firms, including Morgan Stanley, Royal Bank of Canada, and Barclays, also adjusted their targets. Currently, the consensus rating for Honeywell International is “Moderate Buy,” with a consensus price target of $254.00, according to MarketBeat.com.
In related news, CEO Lucian Boldea sold 42,149 shares of Honeywell stock on August 27th at an average price of $221.58, totaling $9,339,375.42. Following the sale, Boldea directly owns 10,334 shares, valued at approximately $2,289,807.72. This sale, representing an 80.31% decrease in his position, was disclosed in a filing with the SEC. Insiders own approximately 0.20% of the company’s stock.
