Honeywell International Inc. $HON Holdings Decreased by Waters Parkerson & CO. LLC

Waters Parkerson & CO. LLC trimmed its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 7.0% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 98,757 shares of the conglomerate’s stock after selling 7,435 shares during the period. Waters Parkerson & CO. LLC’s holdings in Honeywell International were worth $20,788,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Laurel Wealth Advisors LLC increased its holdings in shares of Honeywell International by 23,503.0% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 3,716,532 shares of the conglomerate’s stock valued at $865,506,000 after purchasing an additional 3,700,786 shares during the period. Kingstone Capital Partners Texas LLC purchased a new position in Honeywell International during the second quarter valued at approximately $140,816,000. Bank of Nova Scotia increased its stake in Honeywell International by 171.8% in the 2nd quarter. Bank of Nova Scotia now owns 806,053 shares of the conglomerate’s stock valued at $187,713,000 after buying an additional 509,456 shares during the period. Holocene Advisors LP purchased a new position in shares of Honeywell International during the 2nd quarter valued at $93,152,000. Finally, SG Americas Securities LLC increased its stake in shares of Honeywell International by 357.2% in the second quarter. SG Americas Securities LLC now owns 275,160 shares of the conglomerate’s stock worth $64,079,000 after acquiring an additional 382,152 shares during the last quarter. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Honeywell International Stock Up 2.0%

Shares of Honeywell International stock opened at $219.39 on Friday. Honeywell International Inc. has a 12-month low of $169.21 and a 12-month 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 stock has a 50 day moving average price of $197.32 and a two-hundred day moving average price of $210.27. The stock has a market capitalization of $139.29 billion, a P/E ratio of 23.12, a PEG ratio of 2.97 and a beta of 0.95.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings data on Thursday, October 23rd. The conglomerate reported $2.82 earnings per share for the quarter, topping analysts’ consensus estimates of $2.57 by $0.25. The business had revenue of $10.41 billion during the quarter, compared to analysts’ expectations of $10.14 billion. Honeywell International had a net margin of 15.07% and a return on equity of 38.11%. Honeywell International’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same period in the previous year, the company earned $2.58 earnings per share. 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. Equities analysts expect that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Vertical Research cut Honeywell International from a “buy” rating to a “hold” rating and set a $220.00 price objective for the company. in a research report on Monday, January 5th. Evercore ISI started coverage on Honeywell International in a report on Monday, December 15th. They set an “outperform” rating and a $255.00 price target for the company. Morgan Stanley lowered their price target on Honeywell International from $245.00 to $235.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 28th. Mizuho cut their price objective on shares of Honeywell International from $250.00 to $240.00 and set an “outperform” rating on the stock in a research report on Monday, January 5th. Finally, Barclays decreased their target price on shares of Honeywell International from $269.00 to $250.00 and set an “overweight” rating for the company in a research report on Wednesday, December 24th. Ten investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target 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.