Honeywell International Inc. $HON Position Reduced by Cape ANN Savings Bank

Key Points

• Cape ANN Savings Bank reduced its holdings in Honeywell International Inc. by 67.7% in the 1st quarter, now owning 2,511 shares valued at $532,000.
• Honeywell recently reported a quarterly earnings of $2.75 per share, surpassing analysts' expectations, and experienced an 8.1% increase in revenue compared to the same quarter last year.
• The company's stock has received several upgrades, including a buy rating from Wall Street Zen and increased price targets from multiple analysts, with a consensus target price of $254.00.

Cape ANN Savings Bank cut its stake in Honeywell International Inc. (NASDAQ:HON - Free Report) by 67.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,511 shares of the conglomerate's stock after selling 5,255 shares during the quarter. Cape ANN Savings Bank's holdings in Honeywell International were worth $532,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Mpwm Advisory Solutions LLC acquired a new stake in shares of Honeywell International during the fourth quarter valued at about $29,000. Pandora Wealth Inc. acquired a new stake in shares of Honeywell International during the first quarter valued at about $33,000. Accredited Wealth Management LLC acquired a new stake in shares of Honeywell International during the fourth quarter valued at about $34,000. Banque de Luxembourg S.A. acquired a new stake in shares of Honeywell International during the fourth quarter valued at about $38,000. Finally, Stone House Investment Management LLC acquired a new stake in shares of Honeywell International during the first quarter valued at about $41,000. 75.91% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Lucian Boldea sold 42,149 shares of the business's stock in a transaction that occurred on 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 sale, the chief executive officer owned 10,334 shares of the company's stock, valued at $2,289,807.72. The trade was a 80.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.20% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several analysts have recently weighed in on HON shares. Wells Fargo & Company lowered their target price 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. JPMorgan Chase & Co. lifted their price target on Honeywell International from $182.00 to $217.00 and gave the stock a "neutral" rating in a research note on Friday, May 16th. Barclays lifted their price target on Honeywell International from $258.00 to $265.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 9th. Bank of America upgraded Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 price target for the company in a research note on Wednesday, May 7th. Finally, Wall Street Zen upgraded Honeywell International from a "hold" rating to a "buy" rating in a research note on Thursday, May 15th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, Honeywell International currently has an average rating of "Moderate Buy" and an average price target of $254.00.

Honeywell International Stock Performance

Shares of NASDAQ HON traded down $1.85 during midday trading on Friday, hitting $219.50. 1,991,059 shares of the company's stock were exchanged, compared to its average volume of 3,115,309. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.29 and a quick ratio of 0.97. The stock's 50 day moving average price is $226.81 and its 200-day moving average price is $217.03. The firm has a market cap of $139.36 billion, a P/E ratio of 24.97, a PEG ratio of 2.48 and a beta of 1.08. Honeywell International Inc. has a twelve month low of $179.36 and a twelve month high of $242.77.

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 the consensus estimate of $2.66 by $0.09. Honeywell International had a return on equity of 37.37% and a net margin of 14.30%.The business had revenue of $10.35 billion during the quarter, compared to the consensus estimate of $10.01 billion. During the same period in the previous year, the firm posted $2.49 earnings per share. The business's revenue was up 8.1% on a year-over-year basis. Honeywell International has set its FY 2025 guidance at 10.450-10.650 EPS. Q3 2025 guidance at 2.500-2.600 EPS. Equities research analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Announces Dividend

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

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.