Truist Financial Corp Sells 55,886 Shares of Honeywell International Inc. $HON

Truist Financial Corp reduced its position in Honeywell International Inc. (NASDAQ:HON) by 9.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 539,296 shares of the conglomerate’s stock after selling 55,886 shares during the period. Truist Financial Corp’s holdings in Honeywell International were worth $105,211,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the company. Cardinal Capital Management Inc. boosted its position in shares of Honeywell International by 6.1% during the fourth quarter. Cardinal Capital Management Inc. now owns 138,726 shares of the conglomerate’s stock valued at $27,064,000 after buying an additional 7,929 shares during the last quarter. Douglas Lane & Associates LLC raised its position in Honeywell International by 56.1% in the 4th quarter. Douglas Lane & Associates LLC now owns 72,783 shares of the conglomerate’s stock worth $14,199,000 after buying an additional 26,162 shares during the last quarter. Exencial Wealth Advisors LLC lifted its stake in Honeywell International by 36.6% during the 4th quarter. Exencial Wealth Advisors LLC now owns 81,211 shares of the conglomerate’s stock valued at $15,844,000 after acquiring an additional 21,770 shares during the period. First National Trust Co boosted its holdings in shares of Honeywell International by 9.4% during the 3rd quarter. First National Trust Co now owns 79,086 shares of the conglomerate’s stock valued at $16,648,000 after acquiring an additional 6,803 shares during the last quarter. Finally, Lockheed Martin Investment Management Co. bought a new stake in shares of Honeywell International in the third quarter worth approximately $4,147,000. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Honeywell International Stock Performance

Shares of NASDAQ HON opened at $209.59 on Tuesday. Honeywell International Inc. has a 12-month low of $186.76 and a 12-month high of $248.18. The firm has a market capitalization of $132.81 billion, a price-to-earnings ratio of 29.69, a price-to-earnings-growth ratio of 3.03 and a beta of 0.82. The company has a current ratio of 1.39, a quick ratio of 1.10 and a debt-to-equity ratio of 1.98. The firm has a 50 day moving average of $230.45 and a 200 day moving average of $215.71.

Honeywell International (NASDAQ:HON) last released its quarterly earnings results on Thursday, April 23rd. The conglomerate reported $2.45 earnings per share for the quarter, topping the consensus estimate of $2.32 by $0.13. Honeywell International had a net margin of 11.37% and a return on equity of 42.29%. The business had revenue of $9.14 billion for the quarter, compared to the consensus estimate of $9.30 billion. During the same period last year, the firm earned $2.21 earnings per share. The company’s quarterly revenue was up 2.4% on a year-over-year basis. Honeywell International has set its FY 2026 guidance at 10.350-10.650 EPS and its Q2 2026 guidance at 2.350-2.450 EPS. On average, research analysts anticipate that Honeywell International Inc. will post 10.54 earnings per share for the current year.

Honeywell International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Investors of record on Friday, May 15th will be given a dividend of $1.19 per share. The ex-dividend date is Friday, May 15th. This represents a $4.76 annualized dividend and a yield of 2.3%. Honeywell International’s payout ratio is 67.42%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. The Goldman Sachs Group decreased their price objective on shares of Honeywell International from $262.00 to $258.00 and set a “buy” rating for the company in a report on Friday, April 24th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Honeywell International from $273.00 to $292.00 and gave the stock a “buy” rating in a research report on Wednesday, March 4th. Robert W. Baird increased their price target on Honeywell International from $220.00 to $240.00 and gave the company a “neutral” rating in a report on Friday, January 30th. Royal Bank Of Canada restated an “outperform” rating and issued a $268.00 price target on shares of Honeywell International in a research note on Monday, April 27th. Finally, Mizuho cut their price objective on Honeywell International from $250.00 to $240.00 and set an “outperform” rating for the company in a report on Monday, January 5th. Thirteen equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $250.00.

Insider Activity

In other news, VP Robert D. Mailloux sold 5,274 shares of Honeywell International stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $239.00, for a total transaction of $1,260,486.00. Following the transaction, the vice president directly owned 4,803 shares of the company’s stock, valued at $1,147,917. The trade was a 52.34% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director D Scott Davis sold 2,367 shares of the company’s stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $240.00, for a total transaction of $568,080.00. Following the completion of the transaction, the director owned 31,081 shares of the company’s stock, valued at approximately $7,459,440. The trade was a 7.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.15% of the company’s stock.

Honeywell International Company Profile

Honeywell International Inc is a diversified, publicly traded multinational conglomerate (NASDAQ: HON) that designs and manufactures a wide range of commercial and consumer products, engineering services and aerospace systems. The company operates through major business platforms that historically include Aerospace; Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. Its portfolio spans avionics and propulsion systems, building controls and HVAC equipment, process technologies and advanced materials, industrial automation software, and personal protective equipment and scanning solutions.

Honeywell’s aerospace business supplies aircraft manufacturers and operators with engines and auxiliary power units, avionics, flight safety systems and aftermarket services.