Honeywell International Inc. $HON Shares Sold by Cape ANN Savings Bank

Cape ANN Savings Bank trimmed its position in Honeywell International Inc. (NASDAQ:HON) by 39.4% during the second quarter, Holdings Channel.com reports. The firm owned 1,521 shares of the conglomerate’s stock after selling 990 shares during the period. Cape ANN Savings Bank’s holdings in Honeywell International were worth $354,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Franklin Street Advisors Inc. NC raised its stake in Honeywell International by 4.0% in the second quarter. Franklin Street Advisors Inc. NC now owns 7,260 shares of the conglomerate’s stock valued at $1,691,000 after buying an additional 277 shares in the last quarter. Keystone Financial Group Inc. raised its stake in Honeywell International by 74.4% in the second quarter. Keystone Financial Group Inc. now owns 675 shares of the conglomerate’s stock valued at $160,000 after buying an additional 288 shares in the last quarter. Barrett & Company Inc. raised its stake in Honeywell International by 12.4% in the second quarter. Barrett & Company Inc. now owns 1,551 shares of the conglomerate’s stock valued at $361,000 after buying an additional 171 shares in the last quarter. Two Point Capital Management Inc. acquired a new stake in shares of Honeywell International during the 2nd quarter worth about $9,705,000. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its position in shares of Honeywell International by 4.9% during the 2nd quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 13,072 shares of the conglomerate’s stock worth $3,044,000 after acquiring an additional 616 shares in the last quarter. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Barclays raised their target price on Honeywell International from $258.00 to $265.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 9th. Royal Bank Of Canada cut their price objective on shares of Honeywell International from $254.00 to $253.00 and set a “sector perform” rating on the stock in a report on Friday, July 25th. Wells Fargo & Company cut their price objective on shares of Honeywell International from $240.00 to $230.00 and set an “equal weight” rating on the stock in a report on Friday, July 25th. Morgan Stanley lifted their price target on shares of Honeywell International from $225.00 to $245.00 and gave the stock an “equal weight” rating in a research note on Monday, July 28th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Honeywell International in a research note on Saturday, September 27th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $254.79.

Honeywell International Stock Performance

Shares of Honeywell International stock opened at $209.05 on Friday. The firm’s fifty day simple moving average is $215.63 and its 200-day simple moving average is $217.34. The stock has a market capitalization of $132.73 billion, a price-to-earnings ratio of 23.78, a PEG ratio of 2.38 and a beta of 1.06. Honeywell International Inc. has a 12 month low of $179.36 and a 12 month 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.

Honeywell International (NASDAQ:HON) last announced its earnings results on Thursday, July 24th. The conglomerate reported $2.75 EPS for the quarter, beating analysts’ consensus estimates 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 company’s quarterly revenue was up 8.1% on a year-over-year basis. During the same period in the previous year, the company posted $2.49 EPS. 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 forecast 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 given a $1.19 dividend. This is a boost from Honeywell International’s previous quarterly dividend of $1.13. The ex-dividend date is Friday, November 14th. This represents a $4.76 annualized dividend and a yield of 2.3%. Honeywell International’s payout ratio is presently 51.42%.

Insider Transactions at Honeywell International

In related news, CEO Lucian Boldea sold 42,149 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer owned 10,334 shares in the company, valued at $2,289,807.72. The trade was a 80.31% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.20% of the stock is owned by company insiders.

About Honeywell International

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.