Williams & Novak LLC Sells 2,657 Shares of Honeywell International Inc. $HON

Williams & Novak LLC lessened its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 65.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,397 shares of the conglomerate’s stock after selling 2,657 shares during the quarter. Williams & Novak LLC’s holdings in Honeywell International were worth $294,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in HON. Armstrong Fleming & Moore Inc acquired a new position in shares of Honeywell International in the 2nd quarter valued at about $998,000. Triton Financial Group Inc acquired a new stake in Honeywell International during the second quarter worth approximately $1,001,000. Managed Asset Portfolios LLC increased its holdings in Honeywell International by 2.3% in the second quarter. Managed Asset Portfolios LLC now owns 95,833 shares of the conglomerate’s stock worth $22,317,000 after purchasing an additional 2,154 shares in the last quarter. Baxter Bros Inc. lifted its stake in Honeywell International by 14.6% in the second quarter. Baxter Bros Inc. now owns 35,733 shares of the conglomerate’s stock valued at $8,321,000 after buying an additional 4,543 shares during the period. Finally, Global Retirement Partners LLC acquired a new position in Honeywell International in the second quarter valued at approximately $1,943,000. 75.91% of the stock is owned by institutional investors and hedge funds.

Honeywell International Stock Performance

HON opened at $217.68 on Wednesday. Honeywell International Inc. has a 1-year low of $169.21 and a 1-year high of $228.04. The company has a market cap of $138.20 billion, a price-to-earnings ratio of 22.95, a PEG ratio of 2.41 and a beta of 0.95. The company’s fifty day moving average price is $198.08 and its two-hundred day moving average price is $209.54. 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 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 company had revenue of $10.41 billion during the quarter, compared to the consensus estimate of $10.14 billion. During the same period in the previous year, the firm posted $2.58 earnings per share. The firm’s revenue for the quarter 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. On average, analysts expect that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Bank of America reiterated an “underperform” rating and issued a $205.00 price objective (down previously from $265.00) on shares of Honeywell International in a research note on Tuesday, November 18th. Argus raised their price target on shares of Honeywell International from $225.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday. Rothschild & Co Redburn decreased their price target on shares of Honeywell International from $240.00 to $222.00 and set a “neutral” rating for the company in a research note on Monday, October 27th. Citigroup cut their price objective on shares of Honeywell International from $267.00 to $262.00 and set a “buy” rating on the stock in a research report on Monday, January 12th. Finally, JPMorgan Chase & Co. upgraded Honeywell International from a “neutral” rating to an “overweight” rating and raised their target price for the company from $218.00 to $255.00 in a research note on Friday, January 16th. Eleven investment 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’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $237.67.

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.