Wesbanco Bank Inc. Purchases 909 Shares of Honeywell International Inc. $HON

Wesbanco Bank Inc. grew its position in Honeywell International Inc. (NASDAQ:HON) by 1.4% in the second quarter, according to its most recent filing with the SEC. The fund owned 63,655 shares of the conglomerate’s stock after acquiring an additional 909 shares during the period. Wesbanco Bank Inc.’s holdings in Honeywell International were worth $14,824,000 as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. Mpwm Advisory Solutions LLC bought a new position in Honeywell International during the 4th quarter worth $29,000. Pandora Wealth Inc. bought a new position in Honeywell International during the 1st quarter worth $33,000. 1248 Management LLC bought a new position in Honeywell International during the 1st quarter worth $38,000. Quarry LP bought a new position in Honeywell International during the 1st quarter worth $41,000. Finally, Stone House Investment Management LLC bought a new position in Honeywell International during the 1st quarter worth $41,000. 75.91% of the stock is owned by institutional investors.

Honeywell International Stock Performance

Shares of Honeywell International stock opened at $211.46 on Friday. The company has a current ratio of 1.29, a quick ratio of 0.97 and a debt-to-equity ratio of 1.81. The business has a 50-day moving average price of $223.41 and a two-hundred day moving average price of $217.46. The company has a market cap of $134.26 billion, a P/E ratio of 24.06, a PEG ratio of 2.43 and a beta of 1.05. Honeywell International Inc. has a 1-year low of $179.36 and a 1-year high of $242.77.

Honeywell International (NASDAQ:HON) last issued its earnings results on Thursday, July 24th. The conglomerate reported $2.75 EPS for the quarter, beating the consensus estimate of $2.66 by $0.09. The company had revenue of $10.35 billion during the quarter, compared to the consensus estimate of $10.01 billion. Honeywell International had a return on equity of 37.37% and a net margin of 14.30%.The firm’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same period last year, the business 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, analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 5th. Stockholders of record on Friday, August 15th were paid a $1.13 dividend. The ex-dividend date was Friday, August 15th. This represents a $4.52 annualized dividend and a dividend yield of 2.1%. Honeywell International’s dividend payout ratio (DPR) is currently 51.42%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on HON. 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. Wells Fargo & Company lowered their target price on Honeywell International from $240.00 to $230.00 and set an “equal weight” rating for the company in a research report on Friday, July 25th. Morgan Stanley increased their price target on Honeywell International from $225.00 to $245.00 and gave the stock an “equal weight” rating in a report on Monday, July 28th. Citigroup increased their price target on Honeywell International from $242.00 to $265.00 and gave the stock a “buy” rating in a report on Wednesday, June 4th. Finally, Royal Bank Of Canada decreased their price target 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 investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $254.00.

Insider Activity at Honeywell International

In other news, CEO Lucian Boldea sold 42,149 shares of the firm’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 completion of the sale, the chief executive officer directly owned 10,334 shares in the company, valued at $2,289,807.72. This trade represents a 80.31% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.20% of the stock is currently owned by corporate insiders.

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.