Hilltop National Bank Buys New Shares in Honeywell International Inc. $HON

Hilltop National Bank purchased a new stake in Honeywell International Inc. (NASDAQ:HON - Free Report) during the second quarter, according to its most recent filing with the SEC. The fund purchased 6,149 shares of the conglomerate's stock, valued at approximately $1,432,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Mirae Asset Global Investments Co. Ltd. increased its holdings in Honeywell International by 7.5% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 266,526 shares of the conglomerate's stock valued at $62,069,000 after acquiring an additional 18,590 shares during the last quarter. Mechanics Financial Corp increased its holdings in Honeywell International by 2.0% in the 2nd quarter. Mechanics Financial Corp now owns 2,825 shares of the conglomerate's stock valued at $658,000 after acquiring an additional 56 shares during the last quarter. Jmac Enterprises LLC increased its holdings in Honeywell International by 38.1% in the 2nd quarter. Jmac Enterprises LLC now owns 2,900 shares of the conglomerate's stock valued at $675,000 after acquiring an additional 800 shares during the last quarter. Patriot Financial Group Insurance Agency LLC increased its holdings in Honeywell International by 6.9% in the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 3,514 shares of the conglomerate's stock valued at $818,000 after acquiring an additional 227 shares during the last quarter. Finally, Tower View Wealth Management LLC bought a new stake in Honeywell International in the 2nd quarter valued at $339,000. 75.91% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

HON has been the topic of a number of research reports. Morgan Stanley lifted their price target on shares of Honeywell International from $225.00 to $245.00 and gave the company an "equal weight" rating in a report on Monday, July 28th. Barclays boosted their target price on shares of Honeywell International from $258.00 to $265.00 and gave the stock an "overweight" rating in a report on Wednesday, July 9th. Royal Bank Of Canada reduced their target price on shares of Honeywell International from $254.00 to $253.00 and set a "sector perform" rating on the stock in a report on Friday, July 25th. Wells Fargo & Company reduced their target price on shares of Honeywell International from $240.00 to $230.00 and set an "equal weight" rating on the stock in a report on Friday, July 25th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Honeywell International from $268.00 to $271.00 and gave the stock a "buy" rating in a report on Thursday. One 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $254.79.

Honeywell International Stock Performance

Shares of NASDAQ:HON opened at $211.01 on Friday. The company has a market capitalization of $133.97 billion, a price-to-earnings ratio of 24.01, a PEG ratio of 2.37 and a beta of 1.06. Honeywell International Inc. has a 12 month low of $179.36 and a 12 month high of $242.77. The firm's 50-day moving average is $215.93 and its 200 day moving average is $217.35. 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 issued its quarterly earnings results on Thursday, July 24th. The conglomerate reported $2.75 EPS for the quarter, beating the consensus estimate of $2.66 by $0.09. The company had revenue of $10.35 billion for the quarter, compared to the consensus estimate of $10.01 billion. Honeywell International had a net margin of 14.30% and a return on equity of 37.37%. The firm's revenue was up 8.1% compared to the same quarter last year. During the same period in the prior 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. Research analysts predict that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Friday, November 14th will be given a $1.19 dividend. This is a positive change from Honeywell International's previous quarterly dividend of $1.13. The ex-dividend date of this dividend is Friday, November 14th. This represents a $4.76 annualized dividend and a yield of 2.3%. Honeywell International's dividend payout ratio is presently 54.15%.

Insider Transactions at Honeywell International

In other Honeywell International news, CEO Lucian Boldea sold 42,149 shares of the business's stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $221.58, for a total value of $9,339,375.42. Following the completion of the sale, the chief executive officer directly owned 10,334 shares of the company's stock, valued at $2,289,807.72. The trade was a 80.31% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.20% of the stock is currently owned by company insiders.

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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