Cerity Partners LLC Increases Stake in Honeywell International Inc. $HON

Cerity Partners LLC increased its position in shares of Honeywell International Inc. (NASDAQ:HON) by 4.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 562,861 shares of the conglomerate’s stock after buying an additional 23,218 shares during the period. Cerity Partners LLC owned about 0.09% of Honeywell International worth $118,482,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Armstrong Fleming & Moore Inc purchased a new stake in Honeywell International in the second quarter valued at approximately $998,000. Triton Financial Group Inc purchased a new stake in Honeywell International in the 2nd quarter valued at $1,001,000. Managed Asset Portfolios LLC boosted its stake in Honeywell International by 2.3% during the 2nd 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 during the period. Baxter Bros Inc. grew its position in Honeywell International by 14.6% during the 2nd quarter. Baxter Bros Inc. now owns 35,733 shares of the conglomerate’s stock worth $8,321,000 after purchasing an additional 4,543 shares during the last quarter. Finally, Global Retirement Partners LLC acquired a new position in Honeywell International in the second quarter valued at $1,943,000. Institutional investors and hedge funds own 75.91% of the company’s stock.

Honeywell International Stock Up 1.9%

HON opened at $204.94 on Wednesday. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.36 and a quick ratio of 1.04. Honeywell International Inc. has a 12 month low of $169.21 and a 12 month high of $228.04. The stock has a market capitalization of $130.11 billion, a P/E ratio of 21.60, a P/E/G ratio of 2.69 and a beta of 0.95. The business has a 50 day simple moving average of $195.66 and a 200-day simple moving average of $210.98.

Honeywell International (NASDAQ:HON) last released its quarterly earnings data on Monday, December 11th. The conglomerate reported $2.25 earnings per share (EPS) for the quarter. Honeywell International had a return on equity of 38.11% and a net margin of 15.07%.The firm 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 anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

HON has been the subject of several recent research reports. HSBC decreased their target price on shares of Honeywell International from $290.00 to $266.00 and set a “buy” rating for the company in a research note on Tuesday, November 11th. Deutsche Bank Aktiengesellschaft reduced their price objective on Honeywell International from $265.00 to $264.00 and set a “buy” rating for the company in a research note on Monday, December 8th. Jefferies Financial Group lowered their target price on Honeywell International from $230.00 to $220.00 in a research note on Monday, November 3rd. Weiss Ratings reissued a “hold (c+)” rating on shares of Honeywell International in a report on Monday, December 29th. Finally, Wells Fargo & Company decreased their price target on Honeywell International from $230.00 to $218.00 and set an “equal weight” rating for the company in a report on Friday, November 14th. Nine investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Honeywell International currently has a consensus rating of “Hold” and a consensus price target of $234.30.

Honeywell International Company 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.