Glenview Trust co Purchases 10,512 Shares of Honeywell International Inc. $HON

Key Points

• Glenview Trust co increased its stake in Honeywell International by 8.1%, acquiring an additional 10,512 shares, bringing their total holdings to 140,293 shares valued at approximately $29.7 million.
• Recent insider trading saw CEO Lucian Boldea sell 42,149 shares at an average price of $221.58, reducing his ownership by 80.31%.
• Honeywell International announced a quarterly dividend of $1.13 per share, with a current yield of 2.1% and a payout ratio of 51.42%.

Glenview Trust co boosted its stake in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 8.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 140,293 shares of the conglomerate's stock after acquiring an additional 10,512 shares during the quarter. Glenview Trust co's holdings in Honeywell International were worth $29,707,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Mpwm Advisory Solutions LLC purchased a new stake in Honeywell International in the 4th quarter worth approximately $29,000. Pandora Wealth Inc. purchased a new stake in Honeywell International in the 1st quarter worth approximately $33,000. 1248 Management LLC purchased a new stake in Honeywell International in the 1st quarter worth approximately $38,000. Stone House Investment Management LLC purchased a new stake in Honeywell International in the 1st quarter worth approximately $41,000. Finally, Quarry LP bought a new position in shares of Honeywell International in the 1st quarter worth approximately $41,000. Hedge funds and other institutional investors own 75.91% of the company's stock.

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 value of $9,339,375.42. Following the completion of the transaction, 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 document filed with the Securities & Exchange Commission, which is available through this link. 0.20% of the stock is owned by corporate insiders.

Honeywell International Stock Down 1.8%

NASDAQ:HON traded down $3.85 during trading hours on Friday, reaching $211.46. 3,168,914 shares of the company traded hands, compared to its average volume of 3,259,496. The business's 50-day moving average price is $223.41 and its two-hundred day moving average price is $217.41. The stock has a market capitalization of $134.26 billion, a P/E ratio of 24.06, a P/E/G ratio of 2.43 and a beta of 1.05. Honeywell International Inc. has a 1 year low of $179.36 and a 1 year 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 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. 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 quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $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. Analysts predict that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Dividend Announcement

The firm 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. The ex-dividend date was Friday, August 15th. This represents a $4.52 annualized dividend and a dividend yield of 2.1%. Honeywell International's payout ratio is currently 51.42%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Royal Bank Of Canada decreased their target price on Honeywell International from $254.00 to $253.00 and set a "sector perform" rating for the company in a research report on Friday, July 25th. Barclays increased their target price on Honeywell International from $258.00 to $265.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 9th. Wells Fargo & Company decreased their target price 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. Morgan Stanley increased their target price 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, JPMorgan Chase & Co. increased their target price on Honeywell International from $182.00 to $217.00 and gave the stock a "neutral" rating in a research 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.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target 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.