Penobscot Investment Management Company Inc. Has $2.78 Million Holdings in Honeywell International Inc. $HON

Penobscot Investment Management Company Inc. lessened its position in shares of Honeywell International Inc. (NASDAQ:HON) by 23.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,202 shares of the conglomerate’s stock after selling 3,958 shares during the period. Penobscot Investment Management Company Inc.’s holdings in Honeywell International were worth $2,779,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of HON. Brighton Jones LLC raised its position in Honeywell International by 9.1% in the 4th quarter. Brighton Jones LLC now owns 19,047 shares of the conglomerate’s stock valued at $4,302,000 after buying an additional 1,582 shares during the last quarter. Quarry LP bought a new position in shares of Honeywell International during the 1st quarter worth approximately $41,000. Amundi raised its holdings in shares of Honeywell International by 30.2% in the first quarter. Amundi now owns 519,882 shares of the conglomerate’s stock valued at $107,450,000 after purchasing an additional 120,706 shares during the last quarter. Advisors Asset Management Inc. lifted its position in shares of Honeywell International by 4.7% in the first quarter. Advisors Asset Management Inc. now owns 18,009 shares of the conglomerate’s stock worth $3,813,000 after purchasing an additional 815 shares in the last quarter. Finally, AQR Capital Management LLC lifted its position in shares of Honeywell International by 15.7% in the first quarter. AQR Capital Management LLC now owns 57,353 shares of the conglomerate’s stock worth $12,099,000 after purchasing an additional 7,788 shares in the last quarter. 75.91% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

HON has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Honeywell International from $265.00 to $264.00 and set a “buy” rating for the company in a research report on Monday, December 8th. BNP Paribas upgraded Honeywell International to a “hold” rating in a report on Wednesday, December 3rd. JPMorgan Chase & Co. lifted their target price on Honeywell International from $212.00 to $218.00 and gave the company a “neutral” rating in a research report on Friday, October 24th. Jefferies Financial Group reduced their price target on Honeywell International from $230.00 to $220.00 in a research report on Monday, November 3rd. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Honeywell International in a research note on Monday, December 29th. Nine analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Honeywell International currently has a consensus rating of “Hold” and a consensus price target of $235.58.

Honeywell International Trading Up 0.4%

Honeywell International stock opened at $195.88 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 50-day simple moving average of $196.13 and a 200 day simple moving average of $211.32. The stock has a market capitalization of $124.36 billion, a P/E ratio of 20.64, a PEG ratio of 2.62 and a beta of 0.95. Honeywell International Inc. has a 52 week low of $169.21 and a 52 week high of $228.04.

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. The company had revenue of $8.95 billion during the quarter. Honeywell International had a return on equity of 38.11% and a net margin of 15.07%.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 expect that Honeywell International Inc. will post 10.34 earnings per share for the current year.

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.