Honeywell International Inc. $HON Shares Purchased by RFG Bristol Wealth Advisors LLC

RFG Bristol Wealth Advisors LLC grew its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 99.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,885 shares of the conglomerate’s stock after purchasing an additional 4,941 shares during the period. RFG Bristol Wealth Advisors LLC’s holdings in Honeywell International were worth $2,081,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of HON. Bank of New York Mellon Corp grew its holdings in 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 acquiring an additional 48,968 shares during the period. Unisphere Establishment boosted its position in shares of 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 purchasing an additional 300,000 shares in the last quarter. Legal & General Group Plc grew its stake in shares of Honeywell International by 3.9% during the 2nd quarter. Legal & General Group Plc now owns 3,725,789 shares of the conglomerate’s stock worth $867,663,000 after purchasing an additional 138,235 shares during the period. Laurel Wealth Advisors LLC grew its stake in shares of Honeywell International by 23,503.0% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 3,716,532 shares of the conglomerate’s stock worth $865,506,000 after purchasing an additional 3,700,786 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Honeywell International by 7.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,271,181 shares of the conglomerate’s stock valued at $692,673,000 after purchasing an additional 219,130 shares in the last quarter. 75.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on HON shares. BNP Paribas upgraded shares of Honeywell International to a “hold” rating in a research report on Wednesday, December 3rd. Morgan Stanley decreased their price target on Honeywell International from $245.00 to $235.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 28th. Evercore ISI started coverage on Honeywell International in a research note on Monday, December 15th. They issued an “outperform” rating and a $255.00 price objective for the company. 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 report on Monday, December 8th. Finally, Royal Bank Of Canada raised Honeywell International from a “sector perform” rating to an “outperform” rating and upped their target price for the company from $235.00 to $253.00 in a report on Monday, October 27th. Nine equities research 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 MarketBeat, Honeywell International currently has an average rating of “Hold” and an average target price of $234.30.

Honeywell International Stock Performance

NASDAQ HON opened at $201.09 on Tuesday. The company has a quick ratio of 1.04, a current ratio of 1.36 and a debt-to-equity ratio of 1.70. Honeywell International Inc. has a fifty-two week low of $169.21 and a fifty-two week high of $228.04. The business has a fifty day moving average of $195.85 and a 200-day moving average of $211.10. The stock has a market cap of $127.67 billion, a price-to-earnings ratio of 21.19, a price-to-earnings-growth ratio of 2.62 and a beta of 0.95.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings data on Monday, December 11th. The conglomerate reported $2.25 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. As a group, analysts predict 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.