Chemung Canal Trust Co. Lowers Stock Holdings in Honeywell International Inc. $HON

Chemung Canal Trust Co. decreased its position in shares of Honeywell International Inc. (NASDAQ:HON) by 2.5% during the second quarter, Holdings Channel reports. The institutional investor owned 13,673 shares of the conglomerate’s stock after selling 344 shares during the period. Chemung Canal Trust Co.’s holdings in Honeywell International were worth $3,184,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. OLD National Bancorp IN boosted its stake in Honeywell International by 3.5% in the 2nd quarter. OLD National Bancorp IN now owns 22,279 shares of the conglomerate’s stock worth $5,188,000 after purchasing an additional 758 shares during the period. Capital City Trust Co. FL boosted its stake in Honeywell International by 3.0% in the 2nd quarter. Capital City Trust Co. FL now owns 2,227 shares of the conglomerate’s stock worth $519,000 after purchasing an additional 64 shares during the period. Wealthcare Advisory Partners LLC boosted its stake in Honeywell International by 6.3% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 9,966 shares of the conglomerate’s stock worth $2,321,000 after purchasing an additional 591 shares during the period. Tandem Investment Partners LLC boosted its stake in Honeywell International by 13.4% in the 2nd quarter. Tandem Investment Partners LLC now owns 3,139 shares of the conglomerate’s stock worth $731,000 after purchasing an additional 370 shares during the period. Finally, Firethorn Wealth Partners LLC boosted its stake in Honeywell International by 78.2% in the 2nd quarter. Firethorn Wealth Partners LLC now owns 2,172 shares of the conglomerate’s stock worth $506,000 after purchasing an additional 953 shares during the period. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Honeywell International Stock Performance

NASDAQ:HON opened at $209.05 on Friday. The stock’s fifty day moving average is $215.63 and its 200 day moving average is $217.40. Honeywell International Inc. has a fifty-two week low of $179.36 and a fifty-two week high of $242.77. The firm has a market capitalization of $132.73 billion, a PE ratio of 23.78, a PEG ratio of 2.36 and a beta of 1.06. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.97 and a current ratio of 1.29.

Honeywell International (NASDAQ:HON) last released its quarterly earnings results on Thursday, July 24th. The conglomerate reported $2.75 earnings per share for the quarter, beating the consensus estimate of $2.66 by $0.09. Honeywell International had a return on equity of 37.37% and a net margin of 14.30%.The company had revenue of $10.35 billion for the quarter, compared to analyst estimates of $10.01 billion. During the same quarter in the prior year, the firm posted $2.49 EPS. Honeywell International’s quarterly revenue 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. On average, sell-side analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Investors 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 yield of 2.3%. The ex-dividend date is Friday, November 14th. This is a boost from Honeywell International’s previous quarterly dividend of $1.13. Honeywell International’s payout ratio is currently 51.42%.

Insiders Place Their Bets

In related 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 owned 10,334 shares in the company, valued at approximately $2,289,807.72. This represents a 80.31% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on HON. 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. Weiss Ratings restated a “buy (b-)” rating on shares of Honeywell International in a research note on Saturday, September 27th. Morgan Stanley upped their price target on Honeywell International from $225.00 to $245.00 and gave the stock an “equal weight” rating in a research note on Monday, July 28th. Deutsche Bank Aktiengesellschaft upped their price objective on Honeywell International from $268.00 to $271.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Royal Bank Of Canada decreased their price objective on Honeywell International from $254.00 to $253.00 and set a “sector perform” rating on the stock in a report on Friday, July 25th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $254.79.

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.