First Financial Bankshares Inc Has $74.80 Million Stock Holdings in Honeywell International Inc. $HON

Key Points

• First Financial Bankshares Inc increased its stake in Honeywell International Inc. by 1.3%, bringing its total ownership to approximately 353,247 shares, valued at about $74.8 million.
• Honeywell's latest earnings report showed an EPS of $2.75, exceeding estimates, with quarterly revenue up 8.1% year-over-year, amounting to $10.35 billion.
• A recent quarterly dividend of $1.13 per share has been announced, representing a yield of 2.1%, with the payout date set for September 5th.

First Financial Bankshares Inc increased its position in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 1.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 353,247 shares of the conglomerate's stock after acquiring an additional 4,617 shares during the quarter. Honeywell International comprises about 1.6% of First Financial Bankshares Inc's investment portfolio, making the stock its 17th largest position. First Financial Bankshares Inc owned approximately 0.05% of Honeywell International worth $74,800,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Mpwm Advisory Solutions LLC acquired a new position in Honeywell International in the fourth quarter valued at about $29,000. Pandora Wealth Inc. acquired a new position in Honeywell International in the first quarter valued at about $33,000. Accredited Wealth Management LLC acquired a new position in Honeywell International in the fourth quarter valued at about $34,000. Banque de Luxembourg S.A. acquired a new position in Honeywell International in the fourth quarter valued at about $38,000. Finally, Stone House Investment Management LLC acquired a new position in Honeywell International in the first quarter valued at about $41,000. Institutional investors and hedge funds own 75.91% of the company's stock.

Insider Activity

In other news, CEO Lucian Boldea sold 42,149 shares of Honeywell International stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $221.58, for a total value of $9,339,375.42. Following the transaction, the chief executive officer 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 document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.41% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Mizuho raised their price target on Honeywell International from $235.00 to $250.00 and gave the stock an "outperform" rating in a research report on Friday, May 16th. Barclays raised 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. Royal Bank Of Canada dropped their price target on Honeywell International from $254.00 to $253.00 and set a "sector perform" rating on the stock in a research report on Friday, July 25th. Morgan Stanley raised their price target on Honeywell International from $225.00 to $245.00 and gave the stock an "equal weight" rating in a research report on Monday, July 28th. Finally, Wall Street Zen raised Honeywell International from a "hold" rating to a "buy" rating in a research report on Thursday, May 15th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $254.00.

Honeywell International Stock Performance

NASDAQ:HON traded up $1.16 during mid-day trading on Thursday, hitting $215.16. 4,546,137 shares of the stock were exchanged, compared to its average volume of 4,006,272. The stock has a market capitalization of $136.61 billion, a price-to-earnings ratio of 24.48, a price-to-earnings-growth ratio of 2.48 and a beta of 1.05. The firm's 50-day simple moving average is $226.41 and its 200 day simple moving average is $217.21. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.97 and a current ratio of 1.29. Honeywell International Inc. has a fifty-two week low of $179.36 and a fifty-two week high of $242.77.

Honeywell International (NASDAQ:HON - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The conglomerate reported $2.75 earnings per share for the quarter, topping the consensus estimate of $2.66 by $0.09. The business had revenue of $10.35 billion during the quarter, compared to analysts' expectations of $10.01 billion. Honeywell International had a return on equity of 37.37% and a net margin of 14.30%.The firm's revenue for the quarter was up 8.1% compared to the same quarter last year. During the same period last year, the firm 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 analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Shareholders of record on Friday, August 15th will be issued a $1.13 dividend. 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 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.