Aljian Capital Management LLC Increases Stock Position in Honeywell International Inc. $HON

Aljian Capital Management LLC lifted its position in Honeywell International Inc. (NASDAQ:HON) by 318.6% in the third quarter, Holdings Channel reports. The firm owned 3,717 shares of the conglomerate’s stock after acquiring an additional 2,829 shares during the period. Aljian Capital Management LLC’s holdings in Honeywell International were worth $782,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in HON. Chung Wu Investment Group LLC acquired a new stake in Honeywell International in the second quarter valued at $26,000. RMG Wealth Management LLC acquired a new stake in Honeywell International in the 2nd quarter valued at about $33,000. Howard Hughes Medical Institute purchased a new position in Honeywell International during the 2nd quarter valued at about $33,000. Activest Wealth Management raised its position in Honeywell International by 425.9% during the second quarter. Activest Wealth Management now owns 142 shares of the conglomerate’s stock worth $33,000 after acquiring an additional 115 shares during the last quarter. Finally, Dogwood Wealth Management LLC raised its position in Honeywell International by 143.9% during the second quarter. Dogwood Wealth Management LLC now owns 161 shares of the conglomerate’s stock worth $39,000 after acquiring an additional 95 shares during the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Honeywell International Trading Down 0.4%

NASDAQ:HON opened at $196.36 on Wednesday. The stock has a market cap of $124.67 billion, a price-to-earnings ratio of 20.69, a price-to-earnings-growth ratio of 2.87 and a beta of 0.96. Honeywell International Inc. has a one year low of $169.21 and a one year high of $228.04. The company has a debt-to-equity ratio of 1.70, a quick ratio of 1.04 and a current ratio of 1.36. The business’s 50-day simple moving average is $197.28 and its 200 day simple moving average is $211.82.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings data on Monday, December 11th. The conglomerate reported $2.25 earnings per share for the quarter. The company had revenue of $8.95 billion during the quarter. Honeywell International had a net margin of 15.07% and a return on equity of 38.11%. Honeywell International has set its Q4 2023 guidance at 2.530-2.630 EPS and its FY 2023 guidance at 9.100-9.200 EPS. As a group, sell-side analysts predict that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Analyst Ratings Changes

HON has been the subject of several research reports. Robert W. Baird cut their price objective on Honeywell International from $250.00 to $220.00 and set a “neutral” rating for the company in a research report on Monday, October 13th. Argus dropped their price target on Honeywell International from $250.00 to $225.00 in a research report on Friday, November 14th. HSBC cut their price target on Honeywell International from $290.00 to $266.00 and set a “buy” rating for the company in a report on Tuesday, November 11th. Barclays decreased their price objective on Honeywell International from $269.00 to $250.00 and set an “overweight” rating on the stock in a research note on Wednesday, December 24th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Honeywell International from $212.00 to $218.00 and gave the company a “neutral” rating in a research note on Friday, October 24th. Nine research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $235.58.

Honeywell International Profile

Honeywell International Inc is a diversified, publicly traded multinational conglomerate (NASDAQ: HON) that designs and manufactures a wide range of commercial and consumer products, engineering services and aerospace systems. The company operates through major business platforms that historically include Aerospace; Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. Its portfolio spans avionics and propulsion systems, building controls and HVAC equipment, process technologies and advanced materials, industrial automation software, and personal protective equipment and scanning solutions.

Honeywell’s aerospace business supplies aircraft manufacturers and operators with engines and auxiliary power units, avionics, flight safety systems and aftermarket services.