Haverford Trust Co Trims Stake in Honeywell International Inc. $HON

Key Points

• Haverford Trust Co reduced its stake in Honeywell International Inc. by 0.6% during Q1, now holding 941,575 shares worth approximately $199 million.
• Honeywell recently reported $2.75 EPS for its quarterly earnings, exceeding analysts' estimates, with revenues of $10.35 billion, an 8.1% increase year-over-year.
• The company declared a quarterly dividend of $1.13 per share, with an annualized yield of 2.0%, to be paid on September 5th.

Haverford Trust Co reduced its position in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 0.6% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 941,575 shares of the conglomerate's stock after selling 5,936 shares during the quarter. Honeywell International comprises about 2.0% of Haverford Trust Co's portfolio, making the stock its 16th biggest position. Haverford Trust Co owned 0.15% of Honeywell International worth $199,378,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of HON. Mpwm Advisory Solutions LLC bought a new stake in Honeywell International during the 4th quarter valued at $29,000. Pandora Wealth Inc. bought a new stake in Honeywell International during the 1st quarter valued at $33,000. Accredited Wealth Management LLC bought a new stake in Honeywell International during the 4th quarter valued at $34,000. Banque de Luxembourg S.A. bought a new stake in Honeywell International during the 4th quarter valued at $38,000. Finally, Stone House Investment Management LLC bought a new stake in Honeywell International during the 1st quarter valued at $41,000. Institutional investors own 75.91% of the company's stock.

Honeywell International Stock Up 2.5%

Honeywell International stock opened at $222.83 on Friday. The business has a fifty day moving average price of $226.94 and a 200-day moving average price of $216.59. Honeywell International Inc. has a 1-year low of $179.36 and a 1-year high of $242.77. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.29 and a quick ratio of 0.97. The stock has a market capitalization of $141.47 billion, a price-to-earnings ratio of 25.35, a PEG ratio of 2.46 and a beta of 1.08.

Honeywell International (NASDAQ:HON - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The conglomerate reported $2.75 EPS for the quarter, topping 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 analysts' expectations of $10.01 billion. During the same quarter in the previous year, the firm posted $2.49 EPS. The firm's revenue was up 8.1% compared to the same quarter last year. 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 fiscal year.

Honeywell International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 5th. Shareholders 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 dividend on an annualized basis and a yield of 2.0%. Honeywell International's payout ratio is currently 51.42%.

Wall Street Analyst Weigh In

Several analysts have issued reports on HON shares. Barclays increased their target price on Honeywell International from $258.00 to $265.00 and gave the company an "overweight" rating in a research report on Wednesday, July 9th. JPMorgan Chase & Co. raised their price objective on Honeywell International from $182.00 to $217.00 and gave the stock a "neutral" rating in a research report on Friday, May 16th. Citigroup raised their price objective on Honeywell International from $242.00 to $265.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Wall Street Zen raised Honeywell International from a "hold" rating to a "buy" rating in a research report on Thursday, May 15th. Finally, Wells Fargo & Company lowered their price objective 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. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $254.00.

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.

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