Honeywell International Inc. $HON Stock Holdings Cut by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC cut its position in shares of Honeywell International Inc. (NASDAQ:HON) by 13.9% during the 3rd quarter, Holdings Channel reports. The firm owned 317,491 shares of the conglomerate’s stock after selling 51,310 shares during the period. Commonwealth Equity Services LLC’s holdings in Honeywell International were worth $66,832,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of HON. Brighton Jones LLC grew its stake in shares of Honeywell International by 9.1% in the 4th quarter. Brighton Jones LLC now owns 19,047 shares of the conglomerate’s stock worth $4,302,000 after purchasing an additional 1,582 shares during the last quarter. AQR Capital Management LLC boosted its holdings in Honeywell International by 15.7% during the first quarter. AQR Capital Management LLC now owns 57,353 shares of the conglomerate’s stock worth $12,099,000 after buying an additional 7,788 shares in the last quarter. Teza Capital Management LLC acquired a new position in Honeywell International in the first quarter worth approximately $266,000. Kestra Investment Management LLC grew its position in Honeywell International by 53.9% in the first quarter. Kestra Investment Management LLC now owns 5,058 shares of the conglomerate’s stock worth $1,071,000 after buying an additional 1,771 shares during the last quarter. Finally, CTC Alternative Strategies Ltd. bought a new position in shares of Honeywell International in the first quarter valued at $275,000. Institutional investors and hedge funds own 75.91% of the company’s stock.

Honeywell International Price Performance

NASDAQ HON opened at $201.09 on Tuesday. The company has a 50 day simple moving average of $195.85 and a 200-day simple moving average of $211.10. Honeywell International Inc. has a 52-week low of $169.21 and a 52-week high of $228.04. The firm has a market capitalization of $127.67 billion, a price-to-earnings ratio of 21.19, a price-to-earnings-growth ratio of 2.62 and a beta of 0.95. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.36 and a quick ratio of 1.04.

Honeywell International (NASDAQ:HON) last released its quarterly earnings data on Monday, December 11th. The conglomerate reported $2.25 earnings per share for the quarter. Honeywell International had a net margin of 15.07% and a return on equity of 38.11%. The firm 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. Equities research analysts predict that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

HON has been the subject of several research reports. Robert W. Baird reduced their price objective on Honeywell International from $250.00 to $220.00 and set a “neutral” rating for the company in a research note on Monday, October 13th. Wells Fargo & Company decreased their price target on Honeywell International from $230.00 to $218.00 and set an “equal weight” rating for the company in a research report on Friday, November 14th. HSBC cut their price objective on Honeywell International from $290.00 to $266.00 and set a “buy” rating on the stock in a report on Tuesday, November 11th. Bank of America reiterated an “underperform” rating and issued a $205.00 target price (down from $265.00) on shares of Honeywell International in a report on Tuesday, November 18th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Honeywell International from $212.00 to $218.00 and gave the stock a “neutral” rating in a research report on Friday, October 24th. Nine investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $234.30.

About Honeywell International

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.