Honeywell International Inc. $HON Shares Sold by Independence Bank of Kentucky

Independence Bank of Kentucky trimmed its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 1.8% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 8,588 shares of the conglomerate’s stock after selling 157 shares during the quarter. Independence Bank of Kentucky’s holdings in Honeywell International were worth $2,000,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Pandora Wealth Inc. acquired a new stake in Honeywell International during the 1st quarter valued at approximately $33,000. 1248 Management LLC acquired a new stake in Honeywell International during the 1st quarter valued at approximately $38,000. Quarry LP acquired a new stake in Honeywell International during the 1st quarter valued at approximately $41,000. Stone House Investment Management LLC acquired a new stake in Honeywell International during the 1st quarter valued at approximately $41,000. Finally, Garde Capital Inc. acquired a new position in shares of Honeywell International in the 1st quarter valued at $42,000. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently issued reports on HON. Wells Fargo & Company decreased their target price on shares of Honeywell International from $240.00 to $230.00 and set an “equal weight” rating for the company in a research note on Friday, July 25th. Morgan Stanley boosted their target price on shares of Honeywell International from $225.00 to $245.00 and gave the company an “equal weight” rating in a research note on Monday, July 28th. Barclays boosted their target price on shares of Honeywell International from $258.00 to $265.00 and gave the company an “overweight” rating in a research note on Wednesday, July 9th. Citigroup boosted their target price on shares of Honeywell International from $242.00 to $265.00 and gave the company a “buy” rating in a research note on Wednesday, June 4th. Finally, Royal Bank Of Canada decreased their target price on shares of Honeywell International from $254.00 to $253.00 and set a “sector perform” rating for the company in a research note on Friday, July 25th. One equities 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. According to MarketBeat.com, Honeywell International currently has an average rating of “Moderate Buy” and a consensus target price of $254.00.

Insiders Place Their Bets

In other Honeywell International news, CEO Lucian Boldea sold 42,149 shares of the stock in a transaction dated 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 completion of the transaction, the chief executive officer owned 10,334 shares of the company’s stock, valued at $2,289,807.72. This trade represents a 80.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.41% of the stock is currently owned by company insiders.

Honeywell International Price Performance

Honeywell International stock opened at $208.19 on Monday. Honeywell International Inc. has a 52-week low of $179.36 and a 52-week high of $242.77. The firm has a market capitalization of $132.18 billion, a price-to-earnings ratio of 23.68, a PEG ratio of 2.35 and a beta of 1.05. The company has a fifty day simple moving average of $217.83 and a 200-day simple moving average of $217.44. 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 (NASDAQ:HON) last announced its quarterly earnings data on Thursday, July 24th. The conglomerate reported $2.75 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $10.35 billion during the quarter, compared to analyst estimates of $10.01 billion. During the same quarter in the prior year, the firm posted $2.49 earnings per share. Honeywell International’s quarterly revenue 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. On average, equities analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Increases Dividend

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

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.