OLD Point Trust & Financial Services N A Sells 360 Shares of Honeywell International Inc. $HON

OLD Point Trust & Financial Services N A lessened its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 7.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,720 shares of the conglomerate’s stock after selling 360 shares during the quarter. OLD Point Trust & Financial Services N A’s holdings in Honeywell International were worth $1,099,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Pandora Wealth Inc. acquired a new stake in shares of Honeywell International in the 1st quarter worth $33,000. 1248 Management LLC acquired a new stake in shares of Honeywell International in the 1st quarter worth $38,000. Quarry LP acquired a new stake in shares of Honeywell International in the 1st quarter worth $41,000. Stone House Investment Management LLC acquired a new stake in shares of Honeywell International in the 1st quarter worth $41,000. Finally, Garde Capital Inc. acquired a new stake in shares of Honeywell International in the 1st quarter worth $42,000. Institutional investors and hedge funds own 75.91% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Morgan Stanley raised their price objective on Honeywell International from $225.00 to $245.00 and gave the stock an “equal weight” rating in a research report on Monday, July 28th. Royal Bank Of Canada lowered their price objective on Honeywell International from $254.00 to $253.00 and set a “sector perform” rating for the company in a research report on Friday, July 25th. Citigroup lifted their price target on Honeywell International from $242.00 to $265.00 and gave the stock a “buy” rating in a research report on Wednesday, June 4th. 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 research report on Friday, July 25th. Finally, Barclays lifted 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. One research 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $254.00.

Insider Buying and Selling at Honeywell International

In other news, CEO Lucian Boldea sold 42,149 shares of the business’s stock in a transaction that occurred 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 transaction, the chief executive officer directly owned 10,334 shares in the company, valued at $2,289,807.72. The trade was a 80.31% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.41% of the stock is currently owned by corporate insiders.

Honeywell International Stock Performance

NASDAQ HON opened at $210.53 on Wednesday. The stock has a 50-day simple moving average of $216.79 and a two-hundred day simple moving average of $217.39. The firm has a market capitalization of $133.67 billion, a P/E ratio of 23.95, a PEG ratio of 2.36 and a beta of 1.05. Honeywell International Inc. has a fifty-two week low of $179.36 and a fifty-two week high of $242.77. 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 (NASDAQ:HON) last announced its quarterly earnings results on Thursday, July 24th. The conglomerate reported $2.75 earnings per share 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 analyst estimates of $10.01 billion. During the same quarter in the previous year, the business earned $2.49 EPS. Honeywell International’s revenue for the quarter was up 8.1% compared to the same quarter last year. 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 earnings per share for the current year.

Honeywell International Increases Dividend

The company also recently disclosed 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 represents a $4.76 annualized dividend and a yield of 2.3%. The ex-dividend date is Friday, November 14th. This is a positive change from Honeywell International’s previous quarterly dividend of $1.13. Honeywell International’s payout ratio is presently 51.42%.

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.