Fifth Third Bancorp Sells 6,138 Shares of Honeywell International Inc. $HON

Key Points

• Fifth Third Bancorp reduced its stake in Honeywell International Inc. by 1.2%, selling 6,138 shares during the second quarter, leaving them with 508,719 shares valued at approximately $118.47 million.
• The company's recent earnings report showed a significant 8.1% year-over-year revenue increase, achieving $10.35 billion and reporting earnings per share of $2.75, surpassing analysts' expectations.
• Honeywell declared a quarterly dividend of $1.13 per share, reflecting an annualized dividend of $4.52 and a yield of 2.2% as part of its commitment to returning value to shareholders.

Fifth Third Bancorp trimmed its stake in Honeywell International Inc. (NASDAQ:HON - Free Report) by 1.2% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 508,719 shares of the conglomerate's stock after selling 6,138 shares during the period. Fifth Third Bancorp owned 0.08% of Honeywell International worth $118,470,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in HON. Brighton Jones LLC raised its stake in shares of 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 acquiring an additional 1,582 shares in the last quarter. GTS Securities LLC increased its position in Honeywell International by 183.8% in the 4th quarter. GTS Securities LLC now owns 2,852 shares of the conglomerate's stock worth $644,000 after buying an additional 6,257 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Honeywell International in the 4th quarter worth approximately $75,382,000. Park Square Financial Group LLC bought a new position in Honeywell International in the 4th quarter worth approximately $65,000. Finally, Probity Advisors Inc. bought a new position in Honeywell International in the 4th quarter worth approximately $203,000. 75.91% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

HON has been the topic of several recent analyst reports. Barclays lifted their price target on Honeywell International from $258.00 to $265.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 9th. Citigroup lifted their price target on Honeywell International from $242.00 to $265.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Royal Bank Of Canada decreased their price objective 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. 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, Wells Fargo & Company decreased their price objective on Honeywell International from $240.00 to $230.00 and set an "equal weight" rating on the stock in a report on Friday, July 25th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $254.00.

Insider Buying and Selling at Honeywell International

In other news, CEO Lucian Boldea sold 42,149 shares of the business's stock in a transaction 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 completion of the sale, 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 legal filing with the SEC, which is available through this link. 0.41% of the stock is currently owned by insiders.

Honeywell International Price Performance

Honeywell International stock opened at $209.31 on Wednesday. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.97 and a current ratio of 1.29. The firm has a market cap of $132.89 billion, a P/E ratio of 23.81, a P/E/G ratio of 2.36 and a beta of 1.05. The business's fifty day moving average is $219.57 and its two-hundred day moving average is $217.40. 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 released its earnings results on Thursday, July 24th. The conglomerate reported $2.75 earnings per share for the quarter, topping analysts' consensus estimates of $2.66 by $0.09. The company had revenue of $10.35 billion during the quarter, compared to the consensus estimate of $10.01 billion. Honeywell International had a return on equity of 37.37% and a net margin of 14.30%.The firm's quarterly revenue was up 8.1% on a year-over-year basis. During the same quarter 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. Equities research analysts forecast that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The company also recently announced 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 dividend on an annualized basis and a dividend yield of 2.2%. Honeywell International's payout ratio is presently 51.42%.

Honeywell International 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.

Want to see what other hedge funds are holding HON? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Honeywell International Inc. (NASDAQ:HON - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.