Greenleaf Trust Reduces Stock Position in Honeywell International Inc. $HON

Key Points

• Greenleaf Trust has reduced its stake in Honeywell International Inc. by 4.5% during Q2, now holding 115,906 shares valued at approximately $26.99 million.
• Analysts have mixed opinions on Honeywell, with target prices ranging from $230.00 to $265.00, while the stock currently holds an average rating of "Moderate Buy".
• Honeywell recently announced an increase in its quarterly dividend to $1.19, representing an annualized yield of 2.3%, reflecting a positive change from its previous dividend of $1.13.

Greenleaf Trust trimmed its stake in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 4.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 115,906 shares of the conglomerate's stock after selling 5,492 shares during the period. Honeywell International comprises about 0.2% of Greenleaf Trust's holdings, making the stock its 28th biggest position. Greenleaf Trust's holdings in Honeywell International were worth $26,992,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HON. Pandora Wealth Inc. acquired a new stake in Honeywell International in the first quarter valued at $33,000. 1248 Management LLC purchased a new stake in shares of Honeywell International in the 1st quarter worth about $38,000. Stone House Investment Management LLC acquired a new stake in Honeywell International in the 1st quarter valued at about $41,000. Quarry LP purchased a new position in Honeywell International during the 1st quarter valued at about $41,000. Finally, Garde Capital Inc. acquired a new position in Honeywell International during the first quarter worth about $42,000. 75.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently commented on HON shares. Citigroup increased their price target on shares of Honeywell International from $242.00 to $265.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Morgan Stanley upped their target price on Honeywell International from $225.00 to $245.00 and gave the company an "equal weight" rating in a research note on Monday, July 28th. Royal Bank Of Canada dropped their price target 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 boosted their price target on Honeywell International from $258.00 to $265.00 and gave the stock an "overweight" rating in a report on Wednesday, July 9th. Finally, Wells Fargo & Company reduced their price objective on Honeywell International from $240.00 to $230.00 and set an "equal weight" rating on the stock in a research report on Friday, July 25th. One 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 company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $254.00.

Honeywell International Price Performance

Shares of NASDAQ:HON opened at $209.28 on Tuesday. The company has a market cap of $132.87 billion, a P/E ratio of 23.81, a P/E/G ratio of 2.35 and a beta of 1.05. The business has a fifty day simple moving average of $217.31 and a 200-day simple moving average of $217.44. Honeywell International Inc. has a 52 week low of $179.36 and a 52 week high of $242.77. The company has a quick ratio of 0.97, a current ratio of 1.29 and a debt-to-equity ratio of 1.81.

Honeywell International (NASDAQ:HON - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The conglomerate reported $2.75 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.66 by $0.09. The firm had revenue of $10.35 billion for the quarter, compared to analyst estimates 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 period last year, the company earned $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. Equities research analysts forecast that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Friday, November 14th will be issued a $1.19 dividend. The ex-dividend date is Friday, November 14th. This is a positive change from Honeywell International's previous quarterly dividend of $1.13. This represents a $4.76 dividend on an annualized basis and a yield of 2.3%. Honeywell International's payout ratio is presently 51.42%.

Insider Buying and Selling

In other Honeywell International news, CEO Lucian Boldea sold 42,149 shares of the stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $221.58, for a total transaction of $9,339,375.42. Following the transaction, the chief executive officer owned 10,334 shares of the company's stock, valued at $2,289,807.72. This trade represents a 80.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.20% of the company's stock.

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.

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