Truist Financial Corp Sells 13,921 Shares of Honeywell International Inc. $HON

Truist Financial Corp lessened its stake in Honeywell International Inc. (NASDAQ:HON - Free Report) by 3.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 453,404 shares of the conglomerate's stock after selling 13,921 shares during the period. Truist Financial Corp owned about 0.07% of Honeywell International worth $105,589,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. Pandora Wealth Inc. bought a new position in Honeywell International during the first quarter worth about $33,000. 1248 Management LLC bought a new position in Honeywell International during the first quarter worth about $38,000. Stone House Investment Management LLC bought a new position in Honeywell International during the first quarter worth about $41,000. Quarry LP bought a new position in Honeywell International during the first quarter worth about $41,000. Finally, Garde Capital Inc. bought a new position in Honeywell International during the first quarter worth about $42,000. Institutional investors own 75.91% of the company's stock.

Honeywell International Stock Performance

Shares of Honeywell International stock opened at $210.18 on Thursday. 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 firm has a market cap of $133.44 billion, a P/E ratio of 23.91, a P/E/G ratio of 2.38 and a beta of 1.06. The firm has a 50 day simple moving average of $216.20 and a 200 day simple moving average of $217.34. Honeywell International Inc. has a fifty-two week low of $179.36 and a fifty-two week high of $242.77.

Honeywell International (NASDAQ:HON - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The conglomerate reported $2.75 earnings per share for the quarter, beating analysts' consensus estimates of $2.66 by $0.09. The business had revenue of $10.35 billion during the quarter, compared to analyst estimates of $10.01 billion. Honeywell International had a net margin of 14.30% and a return on equity of 37.37%. Honeywell International's revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter last year, the business posted $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. Sell-side analysts predict that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Friday, November 14th will be issued a $1.19 dividend. This is an increase from Honeywell International's previous quarterly dividend of $1.13. This represents a $4.76 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Friday, November 14th. Honeywell International's dividend payout ratio (DPR) is 51.42%.

Insider Buying and Selling at Honeywell International

In related news, CEO Lucian Boldea sold 42,149 shares of the firm's stock in a transaction that occurred on 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 owned 10,334 shares of the company's stock, valued at $2,289,807.72. This trade represents a 80.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.20% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have commented on HON. Citigroup raised their price target on shares of Honeywell International from $242.00 to $265.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Wells Fargo & Company cut their price target on shares of 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. Barclays lifted their target price on shares of Honeywell International from $258.00 to $265.00 and gave the company an "overweight" rating in a research note on Wednesday, July 9th. Morgan Stanley lifted their target price on shares of Honeywell International from $225.00 to $245.00 and gave the company an "equal weight" rating in a research note on Monday, July 28th. Finally, Royal Bank Of Canada cut their target price on shares of 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. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus 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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