Honeywell International Inc. $HON Stock Holdings Lessened by Meyer Handelman Co.

Meyer Handelman Co. lessened its stake in Honeywell International Inc. (NASDAQ:HON) by 1.5% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 401,265 shares of the conglomerate’s stock after selling 6,225 shares during the quarter. Honeywell International makes up about 2.7% of Meyer Handelman Co.’s portfolio, making the stock its 6th biggest holding. Meyer Handelman Co. owned 0.06% of Honeywell International worth $84,466,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Bank of New York Mellon Corp increased its stake in shares of Honeywell International by 0.7% during the second quarter. Bank of New York Mellon Corp now owns 6,777,498 shares of the conglomerate’s stock worth $1,578,344,000 after purchasing an additional 48,968 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in Honeywell International by 9.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 6,038,080 shares of the conglomerate’s stock worth $1,278,563,000 after buying an additional 505,083 shares during the last quarter. Unisphere Establishment increased its stake in Honeywell International by 8.1% during the 2nd quarter. Unisphere Establishment now owns 4,000,000 shares of the conglomerate’s stock worth $931,520,000 after buying an additional 300,000 shares in the last quarter. Legal & General Group Plc raised its holdings in shares of Honeywell International by 3.9% during the second quarter. Legal & General Group Plc now owns 3,725,789 shares of the conglomerate’s stock valued at $867,663,000 after acquiring an additional 138,235 shares during the last quarter. Finally, Laurel Wealth Advisors LLC lifted its position in shares of Honeywell International by 23,503.0% in the second quarter. Laurel Wealth Advisors LLC now owns 3,716,532 shares of the conglomerate’s stock valued at $865,506,000 after acquiring an additional 3,700,786 shares in the last quarter. 75.91% of the stock is owned by hedge funds and other institutional investors.

Honeywell International Stock Performance

NASDAQ:HON opened at $197.37 on Friday. The company’s 50-day moving average is $197.71 and its two-hundred day moving average is $212.42. Honeywell International Inc. has a 1-year low of $169.21 and a 1-year high of $228.04. 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 firm has a market capitalization of $125.31 billion, a price-to-earnings ratio of 20.80, a PEG ratio of 2.87 and a beta of 0.96.

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

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Morgan Stanley dropped their price target on Honeywell International from $245.00 to $235.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 28th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Honeywell International from $265.00 to $264.00 and set a “buy” rating for the company in a report on Monday, December 8th. HSBC decreased their price target on shares of Honeywell International from $290.00 to $266.00 and set a “buy” rating on the stock in a research note on Tuesday, November 11th. Barclays cut their price objective on shares of Honeywell International from $269.00 to $250.00 and set an “overweight” rating for the company in a report on Wednesday. Finally, Evercore ISI assumed coverage on Honeywell International in a research report on Monday, December 15th. They issued an “outperform” rating and a $255.00 price target for the company. Nine analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Honeywell International currently has a consensus rating of “Hold” and an average price target of $235.58.

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.