Bangor Savings Bank Has $281,000 Position in Honeywell International Inc. $HON

Key Points

• Bangor Savings Bank has reduced its stake in Honeywell International by 55.4% during the second quarter, holding a total of 1,206 shares worth approximately $281,000.
• Honeywell International's CEO, Lucian Boldea, sold 42,149 shares of the company's stock for over $9.3 million, significantly decreasing his ownership by 80.31%.
• The company reported a quarterly EPS of $2.75 that surpassed analysts' estimates, and its revenue increased by 8.1% compared to the same quarter last year.

Bangor Savings Bank cut its stake in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 55.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,206 shares of the conglomerate's stock after selling 1,500 shares during the period. Bangor Savings Bank's holdings in Honeywell International were worth $281,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Brighton Jones LLC grew its holdings in Honeywell International by 9.1% in the 4th quarter. Brighton Jones LLC now owns 19,047 shares of the conglomerate's stock valued at $4,302,000 after buying an additional 1,582 shares in the last quarter. Raiffeisen Bank International AG acquired a new position in shares of Honeywell International in the fourth quarter valued at about $85,000. Silvercrest Asset Management Group LLC increased its position in Honeywell International by 10.2% during the fourth quarter. Silvercrest Asset Management Group LLC now owns 15,334 shares of the conglomerate's stock worth $3,464,000 after acquiring an additional 1,415 shares during the period. Toronto Dominion Bank increased its position in Honeywell International by 5.8% during the fourth quarter. Toronto Dominion Bank now owns 346,021 shares of the conglomerate's stock worth $78,163,000 after acquiring an additional 19,010 shares during the period. Finally, Thomist Capital Management LP acquired a new stake in Honeywell International in the 4th quarter worth about $2,968,000. Institutional investors own 75.91% of the company's stock.

Insiders Place Their Bets

In related news, CEO Lucian Boldea sold 42,149 shares of the business's 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 transaction, 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.20% of the stock is owned by corporate insiders.

Honeywell International Stock Down 1.8%

Shares of NASDAQ:HON opened at $211.46 on Monday. The firm has a market cap of $134.26 billion, a P/E ratio of 24.06, a P/E/G ratio of 2.39 and a beta of 1.05. Honeywell International Inc. has a 12-month low of $179.36 and a 12-month high of $242.77. The business has a fifty day simple moving average of $223.41 and a 200 day simple moving average of $217.49. 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 - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $10.35 billion during the quarter, compared to the consensus estimate of $10.01 billion. During the same period last year, the company earned $2.49 earnings per share. The firm's revenue was up 8.1% compared to the same quarter last year. Honeywell International has set its FY 2025 guidance at 10.450-10.650 EPS. Q3 2025 guidance at 2.500-2.600 EPS. Analysts predict that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 5th. Stockholders of record on Friday, August 15th were given a dividend of $1.13 per share. The ex-dividend date was Friday, August 15th. This represents a $4.52 annualized dividend and a dividend yield of 2.1%. Honeywell International's dividend payout ratio is 51.42%.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Morgan Stanley increased their target price on shares of Honeywell International from $225.00 to $245.00 and gave the stock an "equal weight" rating in a research report on Monday, July 28th. Wells Fargo & Company cut their price target on 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. Citigroup raised their price objective on Honeywell International from $242.00 to $265.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Barclays lifted their price objective on Honeywell International from $258.00 to $265.00 and gave the company an "overweight" rating in a report on Wednesday, July 9th. Finally, Royal Bank Of Canada reduced their target price on Honeywell International from $254.00 to $253.00 and set a "sector perform" rating on the stock in a report on Friday, July 25th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $254.00.

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.

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