Tompkins Financial Corp Sells 1,212 Shares of Honeywell International Inc. $HON

Key Points

• Tompkins Financial Corp reduced its holdings in Honeywell International by 2.3% during the 2nd quarter, now owning 50,377 shares valued at approximately $11.73 million.
• Honeywell International reported earnings of $2.75 per share for the last quarter, exceeding analysts' expectations and marking an 8.1% year-over-year revenue increase.
• The company declared a quarterly dividend of $1.13 per share, resulting in an annualized dividend yield of 2.1% with a payout ratio of 51.42%.

Tompkins Financial Corp lessened its holdings in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 2.3% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 50,377 shares of the conglomerate's stock after selling 1,212 shares during the quarter. Honeywell International makes up approximately 1.1% of Tompkins Financial Corp's portfolio, making the stock its 28th largest holding. Tompkins Financial Corp's holdings in Honeywell International were worth $11,732,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in Honeywell International by 6.2% in the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 322,695 shares of the conglomerate's stock valued at $75,149,000 after purchasing an additional 18,774 shares during the period. Signal Advisors Wealth LLC boosted its stake in Honeywell International by 31.1% during the second quarter. Signal Advisors Wealth LLC now owns 1,278 shares of the conglomerate's stock worth $298,000 after buying an additional 303 shares in the last quarter. Sovran Advisors LLC boosted its stake in shares of Honeywell International by 104.0% in the 2nd quarter. Sovran Advisors LLC now owns 2,162 shares of the conglomerate's stock valued at $519,000 after purchasing an additional 1,102 shares in the last quarter. Sawyer & Company Inc boosted its stake in shares of Honeywell International by 1.1% in the 2nd quarter. Sawyer & Company Inc now owns 20,429 shares of the conglomerate's stock valued at $4,758,000 after purchasing an additional 223 shares in the last quarter. Finally, Gilman Hill Asset Management LLC acquired a new stake in shares of Honeywell International in the 2nd quarter valued at $222,000. Institutional investors own 75.91% of the company's stock.

Insider Activity at Honeywell International

In other Honeywell International news, CEO Lucian Boldea sold 42,149 shares of Honeywell International stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $221.58, for a total transaction of $9,339,375.42. Following the completion of the transaction, the chief executive officer owned 10,334 shares in the company, valued at approximately $2,289,807.72. The trade was a 80.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.41% of the stock is currently owned by insiders.

Honeywell International Trading Down 0.2%

HON traded down $0.37 during trading on Monday, hitting $209.00. The company's stock had a trading volume of 4,804,573 shares, compared to its average volume of 3,854,997. Honeywell International Inc. has a twelve month low of $179.36 and a twelve month 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. The stock's fifty day moving average price is $220.09 and its 200-day moving average price is $217.46. The firm has a market capitalization of $132.69 billion, a P/E ratio of 23.78, a PEG ratio of 2.36 and a beta of 1.05.

Honeywell International (NASDAQ:HON - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The conglomerate reported $2.75 EPS for the quarter, beating the consensus estimate of $2.66 by $0.09. Honeywell International had a return on equity of 37.37% and a net margin of 14.30%.The firm had revenue of $10.35 billion during the quarter, compared to the consensus estimate of $10.01 billion. During the same quarter in the previous year, the company posted $2.49 earnings per share. The company's quarterly revenue was up 8.1% on a year-over-year basis. Honeywell International has set its FY 2025 guidance at 10.450-10.650 EPS. Q3 2025 guidance at 2.500-2.600 EPS. Analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 5th. Shareholders of record on Friday, August 15th were issued a $1.13 dividend. The ex-dividend date was Friday, August 15th. This represents a $4.52 annualized dividend and a yield of 2.2%. Honeywell International's dividend payout ratio (DPR) is 51.42%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Wells Fargo & Company cut their price target on Honeywell International from $240.00 to $230.00 and set an "equal weight" rating for the company in a report on Friday, July 25th. Citigroup boosted their price objective on Honeywell International from $242.00 to $265.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Barclays upped their price target on Honeywell International from $258.00 to $265.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 9th. Royal Bank Of Canada cut their price objective on Honeywell International from $254.00 to $253.00 and set a "sector perform" rating for the company in a report on Friday, July 25th. Finally, Morgan Stanley increased their price objective on Honeywell International from $225.00 to $245.00 and gave the company an "equal weight" rating in a report on Monday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price 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.