American Trust Sells 8,643 Shares of Honeywell International Inc. $HON

Key Points

• American Trust reduced its stake in Honeywell International by 33.2% in the first quarter, now holding 17,425 shares valued at approximately $3.69 million.
• Institutional investors collectively own 75.91% of Honeywell's stock, with significant increases in holdings from firms like Vanguard, Wellington Management, and Goldman Sachs.
• Honeywell International recently announced a quarterly dividend of $1.13 per share, representing an annualized payment of $4.52 and a yield of 2.1%.

American Trust lessened its stake in Honeywell International Inc. (NASDAQ:HON - Free Report) by 33.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,425 shares of the conglomerate's stock after selling 8,643 shares during the period. Honeywell International accounts for 0.9% of American Trust's portfolio, making the stock its 29th largest holding. American Trust's holdings in Honeywell International were worth $3,690,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. Mpwm Advisory Solutions LLC bought a new position in Honeywell International in the 4th quarter worth approximately $29,000. Pandora Wealth Inc. bought a new stake in shares of Honeywell International during the 1st quarter valued at $33,000. 1248 Management LLC bought a new stake in shares of Honeywell International during the 1st quarter valued at $38,000. Stone House Investment Management LLC bought a new stake in shares of Honeywell International during the 1st quarter valued at $41,000. Finally, Quarry LP bought a new stake in shares of Honeywell International during the 1st quarter valued at $41,000. Institutional investors own 75.91% of the company's stock.

Honeywell International Stock Down 1.8%

NASDAQ HON traded down $3.85 on Friday, reaching $211.46. The company had a trading volume of 3,168,914 shares, compared to its average volume of 3,259,496. The firm has a market capitalization of $134.26 billion, a price-to-earnings ratio of 24.06, a price-to-earnings-growth ratio of 2.43 and a beta of 1.05. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.97 and a current ratio of 1.29. Honeywell International Inc. has a 1-year low of $179.36 and a 1-year high of $242.77. The company's fifty day moving average is $223.41 and its 200-day moving average is $217.41.

Honeywell International (NASDAQ:HON - Get Free Report) last announced its 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. The firm had revenue of $10.35 billion during the quarter, compared to analyst estimates of $10.01 billion. Honeywell International had a net margin of 14.30% and a return on equity of 37.37%. The company's revenue for the quarter was up 8.1% compared to the same quarter last year. During the same period in the prior year, the business earned $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. On average, research analysts forecast that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 5th. Investors of record on Friday, August 15th were paid a $1.13 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $4.52 dividend on an annualized basis and a yield of 2.1%. Honeywell International's dividend payout ratio is presently 51.42%.

Insiders Place Their Bets

In other Honeywell International news, CEO Lucian Boldea sold 42,149 shares of the business's 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 sale, the chief executive officer directly owned 10,334 shares of the company's stock, valued at $2,289,807.72. The trade was a 80.31% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.20% of the company's stock.

Analysts Set New Price Targets

Several analysts have commented on HON shares. Citigroup upped their target price on shares of Honeywell International from $242.00 to $265.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Mizuho upped their target price on shares of Honeywell International from $235.00 to $250.00 and gave the company an "outperform" rating in a research report on Friday, May 16th. Wells Fargo & Company dropped 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 report on Friday, July 25th. JPMorgan Chase & Co. upped their target price on shares of Honeywell International from $182.00 to $217.00 and gave the company a "neutral" rating in a research report on Friday, May 16th. Finally, Royal Bank Of Canada dropped 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 report on Friday, July 25th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eight have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Honeywell International presently has an average rating of "Moderate Buy" and an average price target of $254.00.

About Honeywell International

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.