41,645 Shares in Honeywell International Inc. $HON Bought by First Horizon Corp

First Horizon Corp acquired a new stake in Honeywell International Inc. (NASDAQ:HON) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 41,645 shares of the conglomerate’s stock, valued at approximately $8,766,000.

Several other hedge funds have also modified their holdings of the company. Chung Wu Investment Group LLC acquired a new stake in Honeywell International in the second quarter valued at approximately $26,000. RMG Wealth Management LLC purchased a new position in shares of Honeywell International during the 2nd quarter valued at approximately $33,000. Howard Hughes Medical Institute acquired a new stake in Honeywell International in the 2nd quarter valued at $33,000. Activest Wealth Management grew its stake 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 period. Finally, Barnes Dennig Private Wealth Management LLC increased its holdings in Honeywell International by 491.7% in 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 in the last quarter. 75.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. DZ Bank dropped their target price on shares of Honeywell International from $248.00 to $237.00 in a research report on Tuesday, December 23rd. The Goldman Sachs Group decreased their price target on shares of Honeywell International from $245.00 to $236.00 and set a “buy” rating on the stock in a research note on Tuesday, December 16th. Bank of America reiterated an “underperform” rating and set a $205.00 price objective (down from $265.00) on shares of Honeywell International in a research note on Tuesday, November 18th. Rothschild & Co Redburn reduced their target price on Honeywell International from $240.00 to $222.00 and set a “neutral” rating for the company in a report on Monday, October 27th. Finally, Citigroup lifted their price target on Honeywell International from $251.56 to $267.00 and gave the stock a “buy” rating in a research note on Tuesday, November 4th. Nine investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Honeywell International currently has an average rating of “Hold” and a consensus price target of $234.15.

Honeywell International Price Performance

Shares of HON stock opened at $207.38 on Monday. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.36 and a quick ratio of 1.04. The company has a market capitalization of $131.66 billion, a PE ratio of 21.85, a price-to-earnings-growth ratio of 2.78 and a beta of 0.95. The firm’s 50-day moving average is $195.62 and its two-hundred day moving average is $210.57. Honeywell International Inc. has a 12 month low of $169.21 and a 12 month high of $228.04.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings results on Monday, December 11th. The conglomerate reported $2.25 earnings per share for the quarter. Honeywell International had a net margin of 15.07% and a return on equity of 38.11%. The business had revenue of $8.95 billion during the quarter. 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. Analysts predict that Honeywell International Inc. will post 10.34 earnings per share for the current 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.