Lazard Freres Gestion S.A.S. Purchases 3,581 Shares of Honeywell International Inc. $HON

Lazard Freres Gestion S.A.S. raised its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 1.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 251,714 shares of the conglomerate’s stock after purchasing an additional 3,581 shares during the period. Lazard Freres Gestion S.A.S.’s holdings in Honeywell International were worth $52,985,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Laurel Wealth Advisors LLC boosted its stake in 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 during the last quarter. Vista Cima Wealth Management LLC bought a new stake in shares of Honeywell International during the 1st quarter valued at $164,000. Kingstone Capital Partners Texas LLC acquired a new position in shares of Honeywell International in the 2nd quarter valued at $140,816,000. Bank of Nova Scotia boosted its position in shares of Honeywell International by 171.8% in the 2nd quarter. Bank of Nova Scotia now owns 806,053 shares of the conglomerate’s stock worth $187,713,000 after purchasing an additional 509,456 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in shares of Honeywell International by 9.1% during the first quarter. Goldman Sachs Group Inc. now owns 6,038,080 shares of the conglomerate’s stock worth $1,278,563,000 after purchasing an additional 505,083 shares during the period. Institutional investors and hedge funds own 75.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. JPMorgan Chase & Co. increased their target price on Honeywell International from $212.00 to $218.00 and gave the company a “neutral” rating in a research note on Friday, October 24th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Honeywell International in a research report on Monday. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Honeywell International from $265.00 to $264.00 and set a “buy” rating on the stock in a research note on Monday, December 8th. Argus lowered their target price on shares of Honeywell International from $250.00 to $225.00 in a research note on Friday, November 14th. Finally, Rothschild & Co Redburn reduced their price target on shares of Honeywell International from $240.00 to $222.00 and set a “neutral” rating on the stock in a research report on Monday, October 27th. Nine equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $235.58.

Honeywell International Price Performance

NASDAQ HON opened at $195.09 on Friday. The company has a debt-to-equity ratio of 1.70, a quick ratio of 1.04 and a current ratio of 1.36. The stock has a market cap of $123.86 billion, a price-to-earnings ratio of 20.56, a PEG ratio of 2.84 and a beta of 0.95. The business has a 50 day simple moving average of $196.54 and a 200 day simple moving average of $211.59. Honeywell International Inc. has a 52-week low of $169.21 and a 52-week high of $228.04.

Honeywell International (NASDAQ:HON) last announced 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 firm had revenue of $8.95 billion for 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. Analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

About Honeywell International

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.