Honeywell International Inc. $HON Shares Sold by Royal Bank of Canada

Key Points

• The Royal Bank of Canada decreased its stake in Honeywell International by 8.3%, holding approximately $1.51 billion worth of shares after selling 650,549 shares in the first quarter.
• Honeywell International has received positive ratings from analysts, with Barclays increasing its target price from $258 to $265 and several firms upgrading their ratings to buy.
• The company announced a quarterly dividend of $1.13, equating to a 2.1% yield, with the payout scheduled for September 5th.

Royal Bank of Canada lessened its position in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 8.3% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,146,037 shares of the conglomerate's stock after selling 650,549 shares during the period. Royal Bank of Canada owned 1.11% of Honeywell International worth $1,513,171,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the stock. Maia Wealth LLC increased its stake in shares of Honeywell International by 4.1% during the 1st quarter. Maia Wealth LLC now owns 1,189 shares of the conglomerate's stock valued at $238,000 after acquiring an additional 47 shares during the last quarter. Kirtland Hills Capital Management LLC lifted its stake in Honeywell International by 1.1% in the 1st quarter. Kirtland Hills Capital Management LLC now owns 4,424 shares of the conglomerate's stock worth $870,000 after acquiring an additional 48 shares in the last quarter. Sound View Wealth Advisors Group LLC raised its stake in shares of Honeywell International by 0.6% in the 1st quarter. Sound View Wealth Advisors Group LLC now owns 8,769 shares of the conglomerate's stock valued at $1,857,000 after acquiring an additional 48 shares in the last quarter. Gateway Wealth Partners LLC increased its position in Honeywell International by 2.5% in the 1st quarter. Gateway Wealth Partners LLC now owns 2,044 shares of the conglomerate's stock worth $433,000 after buying an additional 49 shares during the period. Finally, Cetera Trust Company N.A boosted its stake in Honeywell International by 0.5% in the 1st quarter. Cetera Trust Company N.A now owns 10,475 shares of the conglomerate's stock valued at $2,218,000 after buying an additional 50 shares in the last quarter. Institutional investors own 75.91% of the company's stock.

Honeywell International Stock Performance

Shares of NASDAQ HON traded down $3.60 during midday trading on Wednesday, hitting $214.00. 3,519,773 shares of the stock traded hands, compared to its average volume of 2,843,902. The firm has a market capitalization of $135.87 billion, a P/E ratio of 24.35, a PEG ratio of 2.48 and a beta of 1.05. The firm has a 50-day moving average of $226.57 and a two-hundred day moving average of $217.23. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.97 and a current ratio of 1.29. Honeywell International Inc. has a one year low of $179.36 and a one year high of $242.77.

Honeywell International (NASDAQ:HON - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The conglomerate reported $2.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.66 by $0.09. The business had revenue of $10.35 billion during 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 quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter last year, the firm earned $2.49 earnings per share. Honeywell International has set its FY 2025 guidance at 10.450-10.650 EPS. Q3 2025 guidance at 2.500-2.600 EPS. On average, equities analysts forecast that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Stockholders of record on Friday, August 15th will be issued a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Friday, August 15th. Honeywell International's dividend payout ratio (DPR) is presently 51.42%.

Insider Transactions at Honeywell International

In other Honeywell International news, CEO Lucian Boldea sold 42,149 shares of the firm's stock in a transaction 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 directly owned 10,334 shares of the company's stock, valued at approximately $2,289,807.72. This trade represents a 80.31% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.41% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on HON. Royal Bank Of Canada lowered their price target 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. Mizuho lifted their price objective on Honeywell International from $235.00 to $250.00 and gave the company an "outperform" rating in a report on Friday, May 16th. JPMorgan Chase & Co. boosted their price target on Honeywell International from $182.00 to $217.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. Morgan Stanley boosted their price target on Honeywell International from $225.00 to $245.00 and gave the stock an "equal weight" rating in a report on Monday, July 28th. Finally, Wells Fargo & Company lowered 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. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently 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.