Nwam LLC Reduces Position in Honeywell International Inc. $HON

Nwam LLC lowered its position in Honeywell International Inc. (NASDAQ:HON) by 26.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,001 shares of the conglomerate’s stock after selling 6,269 shares during the quarter. Nwam LLC’s holdings in Honeywell International were worth $3,513,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of HON. Wolff Wiese Magana LLC raised its position in Honeywell International by 676.9% in the 3rd quarter. Wolff Wiese Magana LLC now owns 5,151 shares of the conglomerate’s stock valued at $1,084,000 after purchasing an additional 4,488 shares during the last quarter. Forbes J M & Co. LLP grew its position in Honeywell International by 1.0% during the 3rd quarter. Forbes J M & Co. LLP now owns 57,886 shares of the conglomerate’s stock worth $12,185,000 after purchasing an additional 560 shares during the last quarter. Wright Investors Service Inc. increased its stake in Honeywell International by 2.1% in the third quarter. Wright Investors Service Inc. now owns 4,020 shares of the conglomerate’s stock valued at $846,000 after purchasing an additional 82 shares during the period. Magnus Financial Group LLC raised its holdings in shares of Honeywell International by 3.3% in the third quarter. Magnus Financial Group LLC now owns 10,330 shares of the conglomerate’s stock valued at $2,174,000 after buying an additional 330 shares during the last quarter. Finally, Conning Inc. boosted its stake in shares of Honeywell International by 3,096.4% during the third quarter. Conning Inc. now owns 149,432 shares of the conglomerate’s stock worth $31,455,000 after buying an additional 144,757 shares during the period. 75.91% of the stock is owned by institutional investors and hedge funds.

Honeywell International Price Performance

Shares of NASDAQ HON opened at $215.02 on Friday. The company has a debt-to-equity ratio of 1.70, a quick ratio of 1.04 and a current ratio of 1.36. Honeywell International Inc. has a one year low of $169.21 and a one year high of $228.04. The firm has a market capitalization of $136.51 billion, a P/E ratio of 22.66, a PEG ratio of 2.95 and a beta of 0.95. The company’s fifty day moving average is $196.81 and its two-hundred day moving average is $210.36.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings data on Thursday, October 23rd. The conglomerate reported $2.82 EPS for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $10.14 billion. During the same quarter last year, the business earned $2.58 earnings per share. The business’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. Analysts forecast that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on HON shares. JPMorgan Chase & Co. raised Honeywell International from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $218.00 to $255.00 in a report on Friday. Rothschild & Co Redburn lowered their target price on Honeywell International from $240.00 to $222.00 and set a “neutral” rating on the stock in a research note on Monday, October 27th. Morgan Stanley decreased their price target on Honeywell International from $245.00 to $235.00 and set an “equal weight” rating for the company in a report on Tuesday, October 28th. Barclays lowered their price objective on shares of Honeywell International from $269.00 to $250.00 and set an “overweight” rating on the stock in a research report on Wednesday, December 24th. Finally, Evercore ISI assumed coverage on shares of Honeywell International in a research report on Monday, December 15th. They set an “outperform” rating and a $255.00 price objective for the company. Ten equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Honeywell International presently has a consensus rating of “Hold” and an average target price of $236.48.

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.