Honeywell International Inc. $HON Holdings Raised by Park Place Capital Corp

Park Place Capital Corp lifted its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 248.6% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,383 shares of the conglomerate’s stock after acquiring an additional 3,839 shares during the quarter. Park Place Capital Corp’s holdings in Honeywell International were worth $1,133,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. BankPlus Wealth Management LLC boosted its stake in shares of Honeywell International by 2.2% in the 2nd quarter. BankPlus Wealth Management LLC now owns 1,986 shares of the conglomerate’s stock valued at $463,000 after purchasing an additional 43 shares in the last quarter. Summit Wealth Group LLC raised its position in Honeywell International by 4.3% in the 2nd quarter. Summit Wealth Group LLC now owns 1,115 shares of the conglomerate’s stock valued at $260,000 after buying an additional 46 shares during the last quarter. Capital Advisors Ltd. LLC grew its stake in Honeywell International by 1.8% in the second quarter. Capital Advisors Ltd. LLC now owns 2,696 shares of the conglomerate’s stock valued at $628,000 after purchasing an additional 47 shares in the last quarter. Bar Harbor Wealth Management lifted its position in shares of Honeywell International by 0.3% in the second quarter. Bar Harbor Wealth Management now owns 15,192 shares of the conglomerate’s stock valued at $3,538,000 after buying an additional 47 shares during the last quarter. Finally, Fielder Capital Group LLC lifted its stake in shares of Honeywell International by 2.1% during the 2nd quarter. Fielder Capital Group LLC now owns 2,373 shares of the conglomerate’s stock worth $553,000 after buying an additional 48 shares during the last quarter. 75.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Citigroup lifted their price objective on shares of Honeywell International from $251.56 to $267.00 and gave the company a “buy” rating in a research note on Tuesday, November 4th. JPMorgan Chase & Co. lifted their target price on Honeywell International from $212.00 to $218.00 and gave the company a “neutral” rating in a report on Friday, October 24th. Wall Street Zen raised shares of Honeywell International to a “hold” rating in a research note on Saturday. DZ Bank decreased their price objective on shares of Honeywell International from $248.00 to $237.00 in a report on Tuesday, December 23rd. Finally, Barclays cut their target price on shares of Honeywell International from $269.00 to $250.00 and set an “overweight” rating for the company in a research report on Wednesday, December 24th. Nine equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $235.58.

Honeywell International Trading Up 0.4%

HON opened at $195.88 on Monday. Honeywell International Inc. has a 52 week low of $169.21 and a 52 week high of $228.04. The stock’s fifty day moving average is $196.13 and its two-hundred day moving average is $211.25. The company has a market capitalization of $124.36 billion, a P/E ratio of 20.64, a PEG ratio of 2.62 and a beta of 0.95. The company has a quick ratio of 1.04, a current ratio of 1.36 and a debt-to-equity ratio of 1.70.

Honeywell International (NASDAQ:HON) last posted its earnings results on Monday, December 11th. The conglomerate reported $2.25 earnings per share (EPS) for the quarter. Honeywell International had a return on equity of 38.11% and a net margin of 15.07%.The company had revenue of $8.95 billion for the quarter. 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. Analysts forecast that Honeywell International Inc. will post 10.34 earnings per share for the current year.

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.