Tred Avon Family Wealth LLC Acquires Shares of 6,702 Honeywell International Inc. $HON

Tred Avon Family Wealth LLC purchased a new position in shares of Honeywell International Inc. (NASDAQ:HON) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 6,702 shares of the conglomerate’s stock, valued at approximately $1,411,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Armstrong Fleming & Moore Inc bought a new stake in shares of Honeywell International in the 2nd quarter worth approximately $998,000. Triton Financial Group Inc acquired a new stake in Honeywell International in the second quarter worth $1,001,000. Managed Asset Portfolios LLC lifted its stake 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 during the last quarter. Baxter Bros Inc. boosted its holdings in shares of Honeywell International by 14.6% during the second quarter. Baxter Bros Inc. now owns 35,733 shares of the conglomerate’s stock valued at $8,321,000 after acquiring an additional 4,543 shares during the period. Finally, Global Retirement Partners LLC bought a new position in shares of Honeywell International during the second quarter worth about $1,943,000. Institutional investors and hedge funds own 75.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Vertical Research downgraded shares of Honeywell International from a “buy” rating to a “hold” rating and set a $220.00 price objective on the stock. in a research report on Monday, January 5th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Honeywell International in a research report on Monday, December 29th. Morgan Stanley cut their target price on Honeywell International from $245.00 to $235.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 28th. Argus decreased their price target on Honeywell International from $250.00 to $225.00 in a research note on Friday, November 14th. Finally, Barclays lowered their price target on Honeywell International from $269.00 to $250.00 and set an “overweight” rating on the stock in a report on Wednesday, December 24th. Ten equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Honeywell International currently has an average rating of “Hold” and a consensus target price of $236.48.

Honeywell International Price Performance

Shares of NASDAQ HON opened at $219.39 on Friday. Honeywell International Inc. has a twelve month low of $169.21 and a twelve 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 firm has a 50-day moving average of $197.32 and a two-hundred day moving average of $210.07. The company has a market capitalization of $139.29 billion, a price-to-earnings ratio of 23.12, a PEG ratio of 3.04 and a beta of 0.95.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings data on Thursday, October 23rd. The conglomerate reported $2.82 earnings per share (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 company had revenue of $10.41 billion for the quarter, compared to analysts’ expectations of $10.14 billion. During the same quarter in the previous year, the company posted $2.58 EPS. The business’s revenue 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. As a group, analysts expect 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.