Leavell Investment Management Inc. Has $6.58 Million Stock Position in Honeywell International Inc. $HON

Leavell Investment Management Inc. cut its stake in Honeywell International Inc. (NASDAQ:HON) by 11.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,275 shares of the conglomerate’s stock after selling 3,994 shares during the period. Leavell Investment Management Inc.’s holdings in Honeywell International were worth $6,583,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. BankPlus Wealth Management LLC increased its position in shares of Honeywell International by 2.2% during the second quarter. BankPlus Wealth Management LLC now owns 1,986 shares of the conglomerate’s stock worth $463,000 after buying an additional 43 shares during the period. Summit Wealth Group LLC boosted its position in Honeywell International by 4.3% during the second quarter. Summit Wealth Group LLC now owns 1,115 shares of the conglomerate’s stock valued at $260,000 after acquiring an additional 46 shares during the last quarter. Capital Advisors Ltd. LLC grew its holdings in Honeywell International by 1.8% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 2,696 shares of the conglomerate’s stock worth $628,000 after acquiring an additional 47 shares during the period. Bar Harbor Wealth Management grew its holdings in Honeywell International by 0.3% during the 2nd quarter. Bar Harbor Wealth Management now owns 15,192 shares of the conglomerate’s stock worth $3,538,000 after acquiring an additional 47 shares during the period. Finally, Nova R Wealth Inc. raised its position in shares of Honeywell International by 3.0% in the 3rd quarter. Nova R Wealth Inc. now owns 1,594 shares of the conglomerate’s stock worth $335,000 after acquiring an additional 47 shares in the last quarter. Institutional investors own 75.91% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Rothschild & Co Redburn cut their target price on Honeywell International from $240.00 to $222.00 and set a “neutral” rating on the stock in a research report on Monday, October 27th. Wells Fargo & Company dropped their price target on Honeywell International from $218.00 to $215.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 7th. Vertical Research cut Honeywell International from a “buy” rating to a “hold” rating and set a $220.00 price target on the stock. in a report on Monday, January 5th. DZ Bank lowered their price objective on shares of Honeywell International from $248.00 to $237.00 in a research note on Tuesday, December 23rd. Finally, Barclays dropped their target price 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. 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’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $236.48.

Honeywell International Stock Performance

NASDAQ HON opened at $219.39 on Friday. The company has a market cap of $139.29 billion, a P/E ratio of 23.12, a PEG ratio of 2.97 and a beta of 0.95. The company has a fifty day simple moving average of $197.32 and a 200 day simple moving average of $210.27. 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 Inc. has a 12-month low of $169.21 and a 12-month high of $228.04.

Honeywell International (NASDAQ:HON) last released its quarterly earnings data on Thursday, October 23rd. The conglomerate reported $2.82 earnings per share for the quarter, topping the consensus estimate of $2.57 by $0.25. The firm had revenue of $10.41 billion for the quarter, compared to the consensus estimate of $10.14 billion. Honeywell International had a net margin of 15.07% and a return on equity of 38.11%. The business’s revenue was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $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. Sell-side analysts predict that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Profile

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.