MassMutual Private Wealth & Trust FSB Sells 5,617 Shares of Honeywell International Inc. $HON

MassMutual Private Wealth & Trust FSB cut its position in Honeywell International Inc. (NASDAQ:HON) by 5.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 89,896 shares of the conglomerate’s stock after selling 5,617 shares during the period. MassMutual Private Wealth & Trust FSB’s holdings in Honeywell International were worth $18,923,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. HSBC cut their target price on shares of Honeywell International from $290.00 to $266.00 and set a “buy” rating for the company in a research report on Tuesday, November 11th. Rothschild & Co Redburn dropped their price target on shares of Honeywell International from $240.00 to $222.00 and set a “neutral” rating on the stock in a research note on Monday, October 27th. BNP Paribas Exane began coverage on shares of Honeywell International in a report on Wednesday, December 3rd. They set a “neutral” rating and a $195.00 target price on the stock. Evercore ISI assumed coverage on Honeywell International in a report on Monday, December 15th. They issued an “outperform” rating and a $255.00 price target for the company. Finally, Royal Bank Of Canada upgraded Honeywell International from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from $235.00 to $253.00 in a research report on Monday, October 27th. Nine equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Honeywell International presently has a consensus rating of “Hold” and an average target price of $234.30.

Honeywell International Stock Performance

Shares of HON opened at $204.94 on Wednesday. Honeywell International Inc. has a 12-month low of $169.21 and a 12-month high of $228.04. The company has a current ratio of 1.36, a quick ratio of 1.04 and a debt-to-equity ratio of 1.70. The company has a market cap of $130.11 billion, a PE ratio of 21.60, a price-to-earnings-growth ratio of 2.69 and a beta of 0.95. The stock has a 50-day moving average price of $195.66 and a 200-day moving average price of $210.98.

Honeywell International (NASDAQ:HON) last announced its earnings results 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 business 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. As a group, equities analysts forecast that Honeywell International Inc. will post 10.34 earnings per share 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.