Honeywell International Inc. $HON Shares Sold by OLD Point Trust & Financial Services N A

OLD Point Trust & Financial Services N A reduced its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 7.1% during the 2nd quarter, HoldingsChannel reports. The firm owned 4,720 shares of the conglomerate’s stock after selling 360 shares during the quarter. OLD Point Trust & Financial Services N A’s holdings in Honeywell International were worth $1,099,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in HON. Brighton Jones LLC grew its position in Honeywell International by 9.1% in the fourth quarter. Brighton Jones LLC now owns 19,047 shares of the conglomerate’s stock worth $4,302,000 after acquiring an additional 1,582 shares during the period. NBC Securities Inc. grew its position in Honeywell International by 115,333.3% in the first quarter. NBC Securities Inc. now owns 3,463 shares of the conglomerate’s stock worth $733,000 after acquiring an additional 3,460 shares during the period. Vantage Wealth grew its position in Honeywell International by 0.3% in the first quarter. Vantage Wealth now owns 82,460 shares of the conglomerate’s stock worth $17,461,000 after acquiring an additional 273 shares during the period. Merit Financial Group LLC grew its position in Honeywell International by 12.6% in the first quarter. Merit Financial Group LLC now owns 50,771 shares of the conglomerate’s stock worth $10,751,000 after acquiring an additional 5,675 shares during the period. Finally, Bridge Creek Capital Management LLC grew its position in Honeywell International by 3.0% in the first quarter. Bridge Creek Capital Management LLC now owns 7,605 shares of the conglomerate’s stock worth $1,610,000 after acquiring an additional 220 shares during the period. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related 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 transaction of $9,339,375.42. Following 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 transaction was disclosed in a filing with the SEC, which is available through this link. 0.41% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

HON has been the topic of a number of analyst reports. Wells Fargo & Company cut their price target on Honeywell International from $240.00 to $230.00 and set an “equal weight” rating on the stock in a research note on Friday, July 25th. Royal Bank Of Canada cut their price target on Honeywell International from $254.00 to $253.00 and set a “sector perform” rating on the stock in a research note on Friday, July 25th. Barclays raised their price target on Honeywell International from $258.00 to $265.00 and gave the company an “overweight” rating in a research note on Wednesday, July 9th. Citigroup raised their price target on Honeywell International from $242.00 to $265.00 and gave the company a “buy” rating in a research note on Wednesday, June 4th. Finally, Morgan Stanley raised their price target on Honeywell International from $225.00 to $245.00 and gave the company an “equal weight” rating in a research note on Monday, July 28th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $254.00.

Honeywell International Stock Performance

NASDAQ HON opened at $210.53 on Wednesday. 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 52-week low of $179.36 and a 52-week high of $242.77. The business’s 50-day moving average price is $216.79 and its 200 day moving average price is $217.39. The firm has a market cap of $133.67 billion, a P/E ratio of 23.95, a P/E/G ratio of 2.36 and a beta of 1.05.

Honeywell International (NASDAQ:HON) last released its quarterly earnings results on Thursday, July 24th. The conglomerate reported $2.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.66 by $0.09. Honeywell International had a return on equity of 37.37% and a net margin of 14.30%.The firm had revenue of $10.35 billion for the quarter, compared to analyst estimates of $10.01 billion. During the same quarter last year, the company posted $2.49 earnings per share. The business’s 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 research analysts expect 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 issued a dividend of $1.19 per share. This is an increase 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%. The ex-dividend date of this dividend is Friday, November 14th. Honeywell International’s dividend 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.