Busey Bank Sells 1,439 Shares of Honeywell International Inc. $HON

Key Points

• Busey Bank has reduced its stake in Honeywell International Inc. by 5.5%, owning 24,829 shares worth approximately $5.78 million at the end of the last quarter.
• Several hedge funds have adjusted their positions in Honeywell, with Brighton Jones LLC increasing its holdings by 9.1%, and Vise Technologies Inc. raising their stake by a notable 86.4%.
• Analysts have varying opinions on Honeywell's stock, with target prices adjusted between $230.00 and $265.00; the current average target price is $254.00.

Busey Bank reduced its stake in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 5.5% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 24,829 shares of the conglomerate's stock after selling 1,439 shares during the quarter. Busey Bank's holdings in Honeywell International were worth $5,782,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Brighton Jones LLC boosted its position in Honeywell International by 9.1% during the 4th quarter. Brighton Jones LLC now owns 19,047 shares of the conglomerate's stock valued at $4,302,000 after purchasing an additional 1,582 shares during the period. Novem Group acquired a new stake in shares of Honeywell International in the fourth quarter valued at $270,000. Mosaic Family Wealth Partners LLC acquired a new stake in shares of Honeywell International during the fourth quarter worth $203,000. Vise Technologies Inc. raised its position in Honeywell International by 86.4% during the fourth quarter. Vise Technologies Inc. now owns 9,881 shares of the conglomerate's stock valued at $2,232,000 after buying an additional 4,581 shares during the period. Finally, Breed s Hill Capital LLC acquired a new position in Honeywell International during the fourth quarter valued at $293,000. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Honeywell International Stock Down 0.2%

Shares of Honeywell International stock traded down $0.37 during trading on Monday, reaching $209.00. The stock had a trading volume of 4,804,573 shares, compared to its average volume of 4,058,189. The company has a market capitalization of $132.69 billion, a price-to-earnings ratio of 23.78, a P/E/G ratio of 2.36 and a beta of 1.05. The stock has a fifty day moving average price of $220.67 and a two-hundred day moving average price of $217.49. Honeywell International Inc. has a 52 week low of $179.36 and a 52 week high of $242.77. 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 (NASDAQ:HON - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The conglomerate reported $2.75 EPS for the quarter, beating analysts' consensus estimates of $2.66 by $0.09. The company had revenue of $10.35 billion for 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 company's quarterly revenue was up 8.1% compared to the same quarter last year. During the same period in the previous year, the company posted $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. Sell-side analysts predict that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 5th. Stockholders of record on Friday, August 15th were paid a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date was Friday, August 15th. 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 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 completion of the sale, the chief executive officer directly owned 10,334 shares in the company, valued at approximately $2,289,807.72. This trade represents a 80.31% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.41% of the stock is owned by insiders.

Analyst Ratings Changes

HON has been the subject of several recent analyst reports. Royal Bank Of Canada decreased their price target on 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. Wells Fargo & Company cut their price objective 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. Citigroup lifted their target price on Honeywell International from $242.00 to $265.00 and gave the company 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 stock an "overweight" rating in a research note on Wednesday, July 9th. Finally, Morgan Stanley lifted their price objective on Honeywell International from $225.00 to $245.00 and gave the stock an "equal weight" rating in a research note on Monday, July 28th. One investment 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. Based on data from MarketBeat, Honeywell International presently has an average rating of "Moderate Buy" and a consensus target price 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.