Honeywell International Inc. $HON Shares Sold by Bath Savings Trust Co

Key Points

• Bath Savings Trust Co has reduced its position in Honeywell International Inc. by 20%, selling 2,526 shares during the second quarter, leaving it with 10,118 shares valued at $2,356,000.
• Honeywell's latest earnings report showed an EPS of $2.75 for the quarter, exceeding analyst expectations, with revenue increasing by 8.1% year-over-year.
• The company declared a quarterly dividend of $1.13 per share, contributing to a 2.1% annualized dividend yield with a payout ratio of 51.42%.

Bath Savings Trust Co reduced its position in Honeywell International Inc. (NASDAQ:HON - Free Report) by 20.0% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 10,118 shares of the conglomerate's stock after selling 2,526 shares during the period. Bath Savings Trust Co's holdings in Honeywell International were worth $2,356,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Mpwm Advisory Solutions LLC purchased a new stake in shares of Honeywell International in the 4th quarter valued at about $29,000. Pandora Wealth Inc. purchased a new stake in shares of Honeywell International in the 1st quarter valued at about $33,000. 1248 Management LLC purchased a new stake in shares of Honeywell International in the 1st quarter valued at about $38,000. Stone House Investment Management LLC purchased a new stake in shares of Honeywell International in the 1st quarter valued at about $41,000. Finally, Quarry LP purchased a new stake in shares of Honeywell International in the 1st quarter valued at about $41,000. 75.91% of the stock is owned by hedge funds and other institutional investors.

Honeywell International Stock Performance

HON opened at $211.68 on Thursday. The stock has a market cap of $134.39 billion, a P/E ratio of 24.08, a P/E/G ratio of 2.38 and a beta of 1.05. 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's 50 day simple moving average is $221.74 and its 200 day simple moving average is $217.40. Honeywell International Inc. has a 1-year low of $179.36 and a 1-year 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 analysts' consensus estimates of $2.66 by $0.09. The business had revenue of $10.35 billion for 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 company's revenue was up 8.1% compared to the same quarter last year. During the same quarter 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. As a group, equities analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 5th. Stockholders of record on Friday, August 15th were given a $1.13 dividend. This represents a $4.52 annualized dividend and a dividend yield of 2.1%. The ex-dividend date was Friday, August 15th. Honeywell International's dividend payout ratio is currently 51.42%.

Insider Activity

In other news, CEO Lucian Boldea sold 42,149 shares of the company'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 sale, the chief executive officer directly owned 10,334 shares in the company, valued at $2,289,807.72. This represents a 80.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.20% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have recently weighed in on HON shares. Barclays boosted their target price on Honeywell International from $258.00 to $265.00 and gave the company an "overweight" rating in a report on Wednesday, July 9th. Citigroup upped their price objective on Honeywell International from $242.00 to $265.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. Morgan Stanley upped their price objective 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 reduced their price objective on Honeywell International from $254.00 to $253.00 and set a "sector perform" rating for the company in a research note on Friday, July 25th. Finally, Wells Fargo & Company reduced their price objective on Honeywell International from $240.00 to $230.00 and set an "equal weight" rating for the company in a research note 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's stock. According to data from MarketBeat.com, Honeywell International presently has a consensus rating of "Moderate Buy" and an average target price 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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