Coastline Trust Co Trims Stock Position in Honeywell International Inc. $HON

Coastline Trust Co lessened its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 1.1% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 7,210 shares of the conglomerate’s stock after selling 77 shares during the quarter. Coastline Trust Co’s holdings in Honeywell International were worth $1,679,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Pandora Wealth Inc. acquired a new position in shares of Honeywell International in the 1st quarter valued at $33,000. 1248 Management LLC acquired a new position in shares of Honeywell International in the 1st quarter valued at $38,000. Quarry LP acquired a new position in shares of Honeywell International in the 1st quarter valued at $41,000. Stone House Investment Management LLC acquired a new position in shares of Honeywell International in the 1st quarter valued at $41,000. Finally, Garde Capital Inc. acquired a new position in shares of Honeywell International in the 1st quarter valued at $42,000. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Wall Street Analysts Forecast Growth

HON has been the topic of a number of recent research reports. Morgan Stanley lifted their target price on shares of Honeywell International from $225.00 to $245.00 and gave the company an “equal weight” rating in a report on Monday, July 28th. Citigroup lifted their target price on shares of Honeywell International from $242.00 to $265.00 and gave the company a “buy” rating in a report on Wednesday, June 4th. Barclays upped their price objective on shares of 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 for the company in a research report on Friday, July 25th. Finally, Wells Fargo & Company cut their price objective on shares of 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. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $254.00.

Insider Buying and Selling at Honeywell International

In other news, CEO Lucian Boldea sold 42,149 shares of the company’s stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $221.58, for a total transaction of $9,339,375.42. Following the transaction, the chief executive officer directly owned 10,334 shares of the company’s stock, valued at $2,289,807.72. This represents a 80.31% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.20% of the stock is currently owned by company insiders.

Honeywell International Stock Performance

NASDAQ:HON opened at $208.19 on Friday. The company has a quick ratio of 0.97, a current ratio of 1.29 and a debt-to-equity ratio of 1.81. Honeywell International Inc. has a fifty-two week low of $179.36 and a fifty-two week high of $242.77. The stock has a market cap of $132.18 billion, a PE ratio of 23.68, a price-to-earnings-growth ratio of 2.35 and a beta of 1.05. The firm’s fifty day simple moving average is $217.83 and its 200-day simple moving average is $217.37.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings results on Thursday, July 24th. The conglomerate reported $2.75 earnings per share for the quarter, topping analysts’ consensus estimates of $2.66 by $0.09. Honeywell International had a net margin of 14.30% and a return on equity of 37.37%. The business had revenue of $10.35 billion for the quarter, compared to analysts’ expectations of $10.01 billion. During the same period in the prior year, the company posted $2.49 EPS. The business’s revenue for the quarter was up 8.1% on a year-over-year basis. Honeywell International has set its FY 2025 guidance at 10.450-10.650 EPS. Q3 2025 guidance at 2.500-2.600 EPS. Analysts expect that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Friday, November 14th will be paid a dividend of $1.19 per share. This is a boost from Honeywell International’s previous quarterly dividend of $1.13. This represents a $4.76 dividend on an annualized basis and a dividend yield of 2.3%. Honeywell International’s dividend payout ratio is 51.42%.

Honeywell International 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.