Dorsey & Whitney Trust CO LLC Reduces Holdings in Honeywell International Inc. $HON

Key Points

• Dorsey & Whitney Trust CO LLC reduced its stake in Honeywell International Inc. by 9.8%, now holding 60,569 shares valued at approximately $12.8 million.
• Honeywell International reported quarterly earnings of $2.75 per share, surpassing estimates and showing an 8.1% year-over-year revenue increase with total revenue of $10.35 billion.
• The company announced a quarterly dividend of $1.13 per share, which equates to an annualized yield of 2.1%, with the ex-dividend date set for August 15th.

Dorsey & Whitney Trust CO LLC decreased its position in Honeywell International Inc. (NASDAQ:HON - Free Report) by 9.8% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 60,569 shares of the conglomerate's stock after selling 6,586 shares during the period. Honeywell International comprises approximately 0.7% of Dorsey & Whitney Trust CO LLC's portfolio, making the stock its 27th biggest holding. Dorsey & Whitney Trust CO LLC's holdings in Honeywell International were worth $12,825,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Brighton Jones LLC lifted its stake in Honeywell International by 9.1% in the fourth quarter. Brighton Jones LLC now owns 19,047 shares of the conglomerate's stock worth $4,302,000 after acquiring an additional 1,582 shares during the period. Transce3nd LLC purchased a new position in Honeywell International during the fourth quarter valued at $62,000. TD Waterhouse Canada Inc. lifted its position in Honeywell International by 0.4% during the fourth quarter. TD Waterhouse Canada Inc. now owns 87,097 shares of the conglomerate's stock valued at $19,674,000 after buying an additional 349 shares during the period. OneDigital Investment Advisors LLC lifted its position in Honeywell International by 13.8% during the fourth quarter. OneDigital Investment Advisors LLC now owns 20,267 shares of the conglomerate's stock valued at $4,578,000 after buying an additional 2,455 shares during the period. Finally, Harvest Investment Services LLC purchased a new position in Honeywell International during the fourth quarter valued at $241,000. Institutional investors own 75.91% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on HON. Wall Street Zen raised Honeywell International from a "hold" rating to a "buy" rating in a research report on Thursday, May 15th. Wells Fargo & Company reduced their price objective on Honeywell International from $240.00 to $230.00 and set an "equal weight" rating for the company in a report on Friday, July 25th. Bank of America upgraded Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 price objective for the company in a report on Wednesday, May 7th. 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 report on Monday, July 28th. Finally, JPMorgan Chase & Co. lifted their price objective on Honeywell International from $182.00 to $217.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. One research 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 stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $254.00.

Honeywell International Stock Performance

Shares of NASDAQ:HON traded up $5.41 during mid-day trading on Friday, reaching $222.83. 3,282,206 shares of the company traded hands, compared to its average volume of 3,517,716. The company's 50 day moving average price is $226.94 and its 200-day moving average price is $216.59. The firm has a market cap of $141.47 billion, a PE ratio of 25.35, a PEG ratio of 2.46 and a beta of 1.08. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.29 and a quick ratio of 0.97. Honeywell International Inc. has a 52 week low of $179.36 and a 52 week high of $242.77.

Honeywell International (NASDAQ:HON - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The conglomerate reported $2.75 earnings per share (EPS) for the quarter, beating 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 in the previous year, the company posted $2.49 EPS. The firm'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. On average, equities analysts expect that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 5th. Stockholders of record on Friday, August 15th will be given 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 dividend yield of 2.0%. Honeywell International's payout ratio is currently 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.