Plimoth Trust Co. LLC Sells 185 Shares of Honeywell International Inc. $HON

Plimoth Trust Co. LLC reduced its stake in Honeywell International Inc. (NASDAQ:HON) by 4.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,140 shares of the conglomerate’s stock after selling 185 shares during the quarter. Plimoth Trust Co. LLC’s holdings in Honeywell International were worth $964,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Pandora Wealth Inc. purchased a new position in Honeywell International in the first quarter worth $33,000. Dogwood Wealth Management LLC lifted its stake in Honeywell International by 143.9% during the second quarter. Dogwood Wealth Management LLC now owns 161 shares of the conglomerate’s stock worth $39,000 after purchasing an additional 95 shares during the last quarter. 1248 Management LLC purchased a new position in shares of Honeywell International in the 1st quarter worth about $38,000. Quarry LP bought a new position in shares of Honeywell International during the 1st quarter valued at about $41,000. Finally, Stone House Investment Management LLC bought a new position in shares of Honeywell International during the 1st quarter valued at about $41,000. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. Wells Fargo & Company dropped 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. Barclays boosted their price objective on shares of Honeywell International from $258.00 to $265.00 and gave the stock an “overweight” rating in a report on Wednesday, July 9th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Honeywell International from $268.00 to $271.00 and gave the company a “buy” rating in a report on Thursday. Royal Bank Of Canada lowered their price target 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. Finally, Morgan Stanley raised their price objective 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 analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, Honeywell International currently has an average rating of “Moderate Buy” and an average price target of $254.79.

Honeywell International Stock Performance

Shares of NASDAQ:HON opened at $209.05 on Monday. 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 company has a 50-day moving average price of $215.63 and a 200-day moving average price of $217.45. The company has a market cap of $132.73 billion, a price-to-earnings ratio of 23.78, a price-to-earnings-growth ratio of 2.34 and a beta of 1.06. Honeywell International Inc. has a 12 month low of $179.36 and a 12 month high of $242.77.

Honeywell International (NASDAQ:HON) last posted its earnings results on Thursday, July 24th. The conglomerate reported $2.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.66 by $0.09. The company had revenue of $10.35 billion for the quarter, compared to analysts’ expectations of $10.01 billion. Honeywell International had a return on equity of 37.37% and a net margin of 14.30%.Honeywell International’s quarterly revenue was up 8.1% on a year-over-year basis. During the same period last year, the firm earned $2.49 earnings per share. 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, equities analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Friday, November 14th will be paid a $1.19 dividend. The ex-dividend date of this dividend is Friday, November 14th. This is a positive change from Honeywell International’s previous quarterly dividend of $1.13. This represents a $4.76 dividend on an annualized basis and a yield of 2.3%. Honeywell International’s payout ratio is 54.15%.

Insiders Place Their Bets

In related news, CEO Lucian Boldea sold 42,149 shares of Honeywell International stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $221.58, for a total value of $9,339,375.42. Following the sale, the chief executive officer owned 10,334 shares in the company, valued at $2,289,807.72. The trade was a 80.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.20% of the stock is currently owned by company 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.