Cascade Investment Group Inc. Purchases 2,377 Shares of Honeywell International Inc. $HON

Cascade Investment Group Inc. grew its position in Honeywell International Inc. (NASDAQ:HON) by 143.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,033 shares of the conglomerate’s stock after acquiring an additional 2,377 shares during the quarter. Cascade Investment Group Inc.’s holdings in Honeywell International were worth $849,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Armstrong Fleming & Moore Inc purchased a new position in shares of Honeywell International during the 2nd quarter valued at approximately $998,000. Triton Financial Group Inc purchased a new position in Honeywell International in the second quarter valued at $1,001,000. Managed Asset Portfolios LLC increased its holdings in Honeywell International by 2.3% in the second quarter. Managed Asset Portfolios LLC now owns 95,833 shares of the conglomerate’s stock valued at $22,317,000 after buying an additional 2,154 shares in the last quarter. Baxter Bros Inc. raised its position in shares of Honeywell International by 14.6% in the second quarter. Baxter Bros Inc. now owns 35,733 shares of the conglomerate’s stock worth $8,321,000 after acquiring an additional 4,543 shares during the period. Finally, Global Retirement Partners LLC purchased a new stake in shares of Honeywell International during the 2nd quarter worth about $1,943,000. 75.91% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently weighed in on HON. Barclays cut their price target on Honeywell International from $269.00 to $250.00 and set an “overweight” rating for the company in a research note on Wednesday, December 24th. Wells Fargo & Company reduced their target price on Honeywell International from $218.00 to $215.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 7th. Robert W. Baird decreased their target price on Honeywell International from $250.00 to $220.00 and set a “neutral” rating on the stock in a research report on Monday, October 13th. DZ Bank cut their price target on shares of Honeywell International from $248.00 to $237.00 in a report on Tuesday, December 23rd. Finally, Morgan Stanley reduced their price objective on shares of Honeywell International from $245.00 to $235.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 28th. Ten equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Honeywell International presently has an average rating of “Hold” and a consensus price target of $236.48.

Honeywell International Stock Up 2.0%

NASDAQ HON opened at $219.39 on Tuesday. The business has a fifty day moving average price of $197.79 and a 200 day moving average price of $209.72. 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 company has a market cap of $139.29 billion, a P/E ratio of 23.12, a P/E/G ratio of 3.10 and a beta of 0.95. Honeywell International Inc. has a one year low of $169.21 and a one year high of $228.04.

Honeywell International (NASDAQ:HON) last released its earnings results on Thursday, October 23rd. The conglomerate reported $2.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.57 by $0.25. Honeywell International had a net margin of 15.07% and a return on equity of 38.11%. The business had revenue of $10.41 billion during the quarter, compared to analyst estimates of $10.14 billion. During the same quarter in the prior year, the firm earned $2.58 earnings per share. The company’s revenue for the quarter was up 7.0% compared to the same quarter last year. Honeywell International has set its FY 2025 guidance at 10.600-10.700 EPS and its Q4 2025 guidance at 2.520-2.620 EPS. Research analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current fiscal 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.