Trust Co. of Vermont Reduces Position in Honeywell International Inc. $HON

Key Points

• Trust Co. of Vermont has reduced its holdings in Honeywell International Inc. by 1.3%, owning 97,351 shares worth approximately $22.67 million as of its latest SEC filing.
• Several hedge funds have increased their stakes in Honeywell, with BankPlus Wealth Management and Maia Wealth LLC reporting gains of 2.2% and 4.1% respectively during the second quarter.
• Honeywell International recently announced a dividend increase to $1.19 per share, marking a change from the previous quarterly dividend of $1.13, and the stock currently has a dividend yield of 2.3%.

Trust Co. of Vermont trimmed its holdings in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 1.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 97,351 shares of the conglomerate's stock after selling 1,319 shares during the quarter. Honeywell International accounts for about 1.1% of Trust Co. of Vermont's investment portfolio, making the stock its 22nd biggest position. Trust Co. of Vermont's holdings in Honeywell International were worth $22,671,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. BankPlus Wealth Management LLC increased its stake in shares of Honeywell International by 2.2% in the second quarter. BankPlus Wealth Management LLC now owns 1,986 shares of the conglomerate's stock worth $463,000 after acquiring an additional 43 shares during the last quarter. Maia Wealth LLC increased its position in Honeywell International by 4.1% during the first quarter. Maia Wealth LLC now owns 1,189 shares of the conglomerate's stock worth $238,000 after buying an additional 47 shares during the last quarter. Kirtland Hills Capital Management LLC increased its position in Honeywell International by 1.1% during the first quarter. Kirtland Hills Capital Management LLC now owns 4,424 shares of the conglomerate's stock worth $870,000 after buying an additional 48 shares during the last quarter. Sound View Wealth Advisors Group LLC increased its position in Honeywell International by 0.6% during the first quarter. Sound View Wealth Advisors Group LLC now owns 8,769 shares of the conglomerate's stock worth $1,857,000 after buying an additional 48 shares during the last quarter. Finally, Gateway Wealth Partners LLC increased its position in Honeywell International by 2.5% during the first 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 last quarter. 75.91% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Morgan Stanley increased their target price on shares of Honeywell International from $225.00 to $245.00 and gave the stock an "equal weight" rating in a research report on Monday, July 28th. Wells Fargo & Company lowered 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 research report on Friday, July 25th. Royal Bank Of Canada lowered 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 research report on Friday, July 25th. Barclays increased their target price on shares of Honeywell International from $258.00 to $265.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 9th. Finally, Citigroup increased their target price on shares of Honeywell International from $242.00 to $265.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. 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 company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $254.00.

Honeywell International Stock Up 0.6%

Shares of HON opened at $210.53 on Wednesday. The stock has a market cap of $133.67 billion, a price-to-earnings ratio of 23.95, a P/E/G ratio of 2.36 and a beta of 1.05. The company has a quick ratio of 0.97, a current ratio of 1.29 and a debt-to-equity ratio of 1.81. Honeywell International Inc. has a 12 month low of $179.36 and a 12 month high of $242.77. The company has a 50-day moving average price of $216.79 and a two-hundred day moving average price of $217.39.

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

Honeywell International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Friday, November 14th will be issued a dividend of $1.19 per share. The ex-dividend date of this dividend is Friday, November 14th. This is a positive change from Honeywell International's previous quarterly dividend of $1.13. This represents a $4.76 annualized dividend and a dividend yield of 2.3%. Honeywell International's dividend payout ratio (DPR) is 51.42%.

Insider Buying and Selling at Honeywell International

In other 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 transaction 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 approximately $2,289,807.72. This trade represents a 80.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.41% of the company's stock.

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.

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