Live Oak Private Wealth LLC Increases Stock Holdings in Honeywell International Inc. $HON

Live Oak Private Wealth LLC boosted its stake in Honeywell International Inc. (NASDAQ:HON) by 2,278.0% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 30,581 shares of the conglomerate’s stock after acquiring an additional 29,295 shares during the quarter. Live Oak Private Wealth LLC’s holdings in Honeywell International were worth $6,437,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the stock. Indiana Trust & Investment Management Co increased its stake in shares of Honeywell International by 1.6% during the third quarter. Indiana Trust & Investment Management Co now owns 5,810 shares of the conglomerate’s stock worth $1,223,000 after purchasing an additional 90 shares in the last quarter. Perigon Wealth Management LLC boosted its holdings in Honeywell International by 54.0% in the 3rd quarter. Perigon Wealth Management LLC now owns 20,784 shares of the conglomerate’s stock worth $4,375,000 after buying an additional 7,285 shares during the last quarter. Parisi Gray Wealth Management increased its stake in Honeywell International by 0.6% during the 3rd quarter. Parisi Gray Wealth Management now owns 10,221 shares of the conglomerate’s stock worth $2,152,000 after buying an additional 56 shares in the last quarter. NovaPoint Capital LLC raised its holdings in shares of Honeywell International by 12.6% during the third quarter. NovaPoint Capital LLC now owns 22,054 shares of the conglomerate’s stock valued at $4,642,000 after acquiring an additional 2,474 shares during the last quarter. Finally, Founders Grove Wealth Partners LLC lifted its position in shares of Honeywell International by 35.9% in the third quarter. Founders Grove Wealth Partners LLC now owns 1,608 shares of the conglomerate’s stock valued at $338,000 after acquiring an additional 425 shares in the last quarter. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently commented on HON. Jefferies Financial Group dropped their price target on Honeywell International from $230.00 to $220.00 in a research report on Monday, November 3rd. BNP Paribas raised shares of Honeywell International to a “hold” rating in a report on Wednesday, December 3rd. Evercore ISI began coverage on shares of Honeywell International in a research report on Monday, December 15th. They issued an “outperform” rating and a $255.00 target price for the company. Citigroup raised their price target on shares of Honeywell International from $251.56 to $267.00 and gave the stock a “buy” rating in a research note on Tuesday, November 4th. Finally, HSBC dropped their price objective on shares of Honeywell International from $290.00 to $266.00 and set a “buy” rating for the company in a research note on Tuesday, November 11th. Nine research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $235.58.

Honeywell International Trading Up 0.2%

Shares of HON opened at $197.37 on Monday. Honeywell International Inc. has a 12-month low of $169.21 and a 12-month high of $228.04. The firm has a market capitalization of $125.31 billion, a P/E ratio of 20.80, a P/E/G ratio of 2.88 and a beta of 0.96. The firm has a 50-day moving average price of $197.71 and a 200 day moving average price of $212.22. The company has a current ratio of 1.36, a quick ratio of 1.04 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 for the quarter. The company had revenue of $8.95 billion for 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. Sell-side analysts forecast that Honeywell International Inc. will post 10.34 EPS for the current year.

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.