Sequoia Financial Advisors LLC Sells 189,160 Shares of Honeywell International Inc. $HON

Sequoia Financial Advisors LLC trimmed its position in shares of Honeywell International Inc. (NASDAQ:HONFree Report) by 82.4% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 40,477 shares of the conglomerate’s stock after selling 189,160 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Honeywell International were worth $8,521,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Chung Wu Investment Group LLC bought a new position in shares of Honeywell International during the second quarter valued at approximately $26,000. Barnes Dennig Private Wealth Management LLC lifted its stake in shares of Honeywell International by 491.7% during the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 142 shares of the conglomerate’s stock worth $30,000 after acquiring an additional 118 shares during the last quarter. RMG Wealth Management LLC purchased a new position in Honeywell International during the 2nd quarter valued at $33,000. Activest Wealth Management grew its position in Honeywell International by 425.9% in the 2nd quarter. Activest Wealth Management now owns 142 shares of the conglomerate’s stock valued at $33,000 after acquiring an additional 115 shares during the last quarter. Finally, Howard Hughes Medical Institute purchased a new stake in Honeywell International in the second quarter worth $33,000. 75.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on HON shares. BNP Paribas raised shares of Honeywell International to a “hold” rating in a research note on Wednesday, December 3rd. HSBC decreased their price objective on shares of Honeywell International from $290.00 to $266.00 and set a “buy” rating for the company in a report on Tuesday, November 11th. Mizuho dropped their target price on shares of Honeywell International from $250.00 to $240.00 and set an “outperform” rating on the stock in a research note on Monday, January 5th. Sanford C. Bernstein set a $255.00 target price on shares of Honeywell International in a research report on Friday. Finally, Robert W. Baird lowered their price target on Honeywell International from $250.00 to $220.00 and set a “neutral” rating for the company in a report on Monday, October 13th. Ten investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $236.48.

Check Out Our Latest Stock Report on Honeywell International

Honeywell International News Summary

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Honeywell International Stock Performance

Shares of HON stock opened at $219.39 on Monday. The firm has a market cap 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 Inc. has a 52-week low of $169.21 and a 52-week high of $228.04. The company has a quick ratio of 1.04, a current ratio of 1.36 and a debt-to-equity ratio of 1.70. The company’s 50 day moving average is $197.32 and its 200 day moving average is $209.86.

Honeywell International (NASDAQ:HONGet Free Report) last announced its earnings results on Thursday, October 23rd. The conglomerate reported $2.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.57 by $0.25. Honeywell International had a return on equity of 38.11% and a net margin of 15.07%.The business had revenue of $10.41 billion for the quarter, compared to analysts’ expectations of $10.14 billion. During the same quarter last year, the firm earned $2.58 EPS. The business’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, sell-side analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

About Honeywell International

(Free Report)

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.

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Institutional Ownership by Quarter for Honeywell International (NASDAQ:HON)

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