BankPlus Trust Department Increases Stock Holdings in Honeywell International Inc. $HON

Key Points

• BankPlus Trust Department increased its stake in Honeywell International Inc. by 37%, owning 6,143 shares worth approximately $1.43 million as of the latest reporting period.
• Honeywell's CEO, Lucian Boldea, sold 42,149 shares, decreasing his ownership by 80%, while the company recently declared a quarterly dividend of $1.19.
• Equities research analysts have revised price targets for Honeywell, with assessments ranging from $220 to $271, and an average rating of "Moderate Buy".

BankPlus Trust Department lifted its stake in Honeywell International Inc. (NASDAQ:HON - Free Report) by 37.0% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 6,143 shares of the conglomerate's stock after purchasing an additional 1,658 shares during the quarter. BankPlus Trust Department's holdings in Honeywell International were worth $1,431,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Chung Wu Investment Group LLC bought a new stake in shares of Honeywell International during the 2nd quarter worth approximately $26,000. Pandora Wealth Inc. bought a new stake in shares of Honeywell International during the 1st quarter worth approximately $33,000. RMG Wealth Management LLC bought a new stake in shares of Honeywell International during the 2nd quarter worth approximately $33,000. 1248 Management LLC bought a new stake in shares of Honeywell International during the 1st quarter worth approximately $38,000. Finally, Dogwood Wealth Management LLC lifted its stake in shares of Honeywell International by 143.9% during the 2nd quarter. Dogwood Wealth Management LLC now owns 161 shares of the conglomerate's stock worth $39,000 after acquiring an additional 95 shares during the last quarter. Hedge funds and other institutional investors own 75.91% of the company's stock.

Insider Activity at Honeywell International

In related news, CEO Lucian Boldea sold 42,149 shares of the company'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 directly owned 10,334 shares of the company's stock, valued at $2,289,807.72. This represents a 80.31% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.41% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on HON shares. Wells Fargo & Company decreased their price target on Honeywell International from $230.00 to $220.00 and set an "equal weight" rating for the company in a research note on Monday. Morgan Stanley lifted their target price on Honeywell International from $225.00 to $245.00 and gave the company an "equal weight" rating in a research report on Monday, July 28th. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Honeywell International in a research report on Saturday, September 27th. Deutsche Bank Aktiengesellschaft lifted their target price on Honeywell International from $268.00 to $271.00 and gave the company a "buy" rating in a research report on Thursday, October 2nd. Finally, Royal Bank Of Canada decreased their target price on 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 research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, Honeywell International currently has an average rating of "Moderate Buy" and a consensus target price of $254.07.

Honeywell International Trading Down 0.0%

HON opened at $208.98 on Wednesday. The firm has a market cap of $132.68 billion, a price-to-earnings ratio of 23.77, a PEG ratio of 2.34 and a beta of 1.06. The company has a current ratio of 1.29, a quick ratio of 0.97 and a debt-to-equity ratio of 1.81. Honeywell International Inc. has a 12 month low of $179.36 and a 12 month high of $242.77. The stock has a fifty day moving average price of $215.05 and a 200-day moving average price of $217.38.

Honeywell International (NASDAQ:HON - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The conglomerate reported $2.75 EPS for the quarter, topping the consensus estimate 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 return on equity of 37.37% and a net margin of 14.30%.The business's revenue for the quarter was up 8.1% compared to the same quarter last year. During the same period in the previous year, the company posted $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. As a group, equities research analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Friday, November 14th will be given a $1.19 dividend. This represents a $4.76 annualized dividend and a dividend yield of 2.3%. 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. Honeywell International's dividend payout ratio is presently 51.42%.

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.

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