Carnegie Investment Counsel Decreases Holdings in Honeywell International Inc. $HON

Carnegie Investment Counsel trimmed its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 38.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,205 shares of the conglomerate’s stock after selling 14,999 shares during the period. Carnegie Investment Counsel’s holdings in Honeywell International were worth $5,095,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in HON. Chung Wu Investment Group LLC purchased a new position in Honeywell International in the second quarter valued at about $26,000. RMG Wealth Management LLC bought a new stake in shares of Honeywell International in the 2nd quarter worth approximately $33,000. Howard Hughes Medical Institute bought a new stake in shares of Honeywell International in the 2nd quarter worth approximately $33,000. Activest Wealth Management lifted its stake in Honeywell International by 425.9% in the second quarter. Activest Wealth Management now owns 142 shares of the conglomerate’s stock valued at $33,000 after purchasing an additional 115 shares during the last quarter. Finally, Dogwood Wealth Management LLC lifted its stake in Honeywell International by 143.9% in the second quarter. Dogwood Wealth Management LLC now owns 161 shares of the conglomerate’s stock valued at $39,000 after purchasing an additional 95 shares during the last quarter. Institutional investors own 75.91% of the company’s stock.

Wall Street Analyst Weigh In

HON has been the topic of several research reports. BNP Paribas Exane initiated coverage on Honeywell International in a research note on Wednesday, December 3rd. They issued a “neutral” rating and a $195.00 target price on the stock. Evercore ISI initiated coverage on Honeywell International in a report on Monday, December 15th. They issued an “outperform” rating and a $255.00 price objective for the company. Jefferies Financial Group dropped their price objective on shares of Honeywell International from $230.00 to $220.00 in a report on Monday, November 3rd. TD Cowen reduced their target price on shares of Honeywell International from $250.00 to $240.00 and set a “buy” rating for the company in a research note on Monday, November 10th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on shares of Honeywell International from $265.00 to $264.00 and set a “buy” rating on the stock in a research report on Monday, December 8th. Nine research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Honeywell International presently has a consensus rating of “Hold” and an average target price of $235.58.

Honeywell International Trading Up 0.2%

Shares of Honeywell International stock opened at $197.37 on Friday. The company’s 50-day moving average price is $197.71 and its 200-day moving average price is $212.32. 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. The company has a market cap of $125.31 billion, a price-to-earnings ratio of 20.80, a PEG ratio of 2.88 and a beta of 0.96.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings data on Monday, December 11th. The conglomerate reported $2.25 EPS for the quarter. Honeywell International had a net margin of 15.07% and a return on equity of 38.11%. The company had revenue of $8.95 billion during the quarter. Honeywell International has set its Q4 2023 guidance at 2.530-2.630 EPS and its FY 2023 guidance at 9.100-9.200 EPS. On average, equities analysts expect 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.