Honeywell International Inc. $HON Stake Boosted by MGO One Seven LLC

MGO One Seven LLC boosted its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 44.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 15,036 shares of the conglomerate’s stock after buying an additional 4,633 shares during the period. MGO One Seven LLC’s holdings in Honeywell International were worth $3,165,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in HON. Tema Etfs LLC boosted its stake in Honeywell International by 105.0% in the 3rd quarter. Tema Etfs LLC now owns 20,294 shares of the conglomerate’s stock worth $4,272,000 after purchasing an additional 10,395 shares during the period. Corundum Group Inc. lifted its holdings in shares of Honeywell International by 2.1% in the third quarter. Corundum Group Inc. now owns 2,970 shares of the conglomerate’s stock valued at $625,000 after purchasing an additional 62 shares in the last quarter. Citizens & Northern Corp lifted its holdings in shares of Honeywell International by 1.0% in the third quarter. Citizens & Northern Corp now owns 9,209 shares of the conglomerate’s stock valued at $1,938,000 after purchasing an additional 93 shares in the last quarter. Opal Wealth Advisors LLC boosted its position in shares of Honeywell International by 2.9% in the third quarter. Opal Wealth Advisors LLC now owns 2,347 shares of the conglomerate’s stock worth $494,000 after buying an additional 66 shares during the period. Finally, Cedar Mountain Advisors LLC grew its holdings in shares of Honeywell International by 116.7% during the third quarter. Cedar Mountain Advisors LLC now owns 156 shares of the conglomerate’s stock valued at $33,000 after buying an additional 84 shares in the last quarter. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Rothschild & Co Redburn decreased their price objective on Honeywell International from $240.00 to $222.00 and set a “neutral” rating for the company in a research report on Monday, October 27th. BNP Paribas upgraded shares of Honeywell International to a “hold” rating in a report on Wednesday, December 3rd. BNP Paribas Exane started coverage on shares of Honeywell International in a research report on Wednesday, December 3rd. They set a “neutral” rating and a $195.00 price objective on the stock. Wall Street Zen upgraded shares of Honeywell International to a “hold” rating in a research report on Saturday, January 3rd. Finally, JPMorgan Chase & Co. lifted their target price on shares of Honeywell International from $212.00 to $218.00 and gave the company a “neutral” rating in a research note on Friday, October 24th. Nine research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $233.90.

Honeywell International Stock Up 0.8%

Honeywell International stock opened at $210.28 on Wednesday. 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 Inc. has a 1-year low of $169.21 and a 1-year high of $228.04. The firm’s fifty day simple moving average is $196.11 and its 200-day simple moving average is $210.31. The company has a market capitalization of $133.50 billion, a P/E ratio of 22.16, a P/E/G ratio of 2.80 and a beta of 0.95.

Honeywell International (NASDAQ:HON) last posted its earnings results on Thursday, October 23rd. The conglomerate reported $2.82 EPS for the quarter, topping the consensus estimate of $2.57 by $0.25. Honeywell International had a net margin of 15.07% and a return on equity of 38.11%. The firm had revenue of $10.41 billion for the quarter, compared to the consensus estimate of $10.14 billion. During the same period in the prior year, the business posted $2.58 earnings per share. The business’s quarterly revenue was up 7.0% on a year-over-year basis. 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. Sell-side analysts forecast that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal 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.